CQP - Cheniere Energy Partners, L.P.

NYSE American - NYSE American Delayed Price. Currency in USD
+0.21 (+0.48%)
At close: 4:00PM EDT
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Previous Close43.93
Bid44.12 x 2900
Ask44.19 x 1200
Day's Range43.94 - 44.52
52 Week Range32.55 - 49.30
Avg. Volume282,581
Market Cap21.364B
Beta (3Y Monthly)1.08
PE Ratio (TTM)17.28
EPS (TTM)2.55
Earnings DateNov 1, 2019
Forward Dividend & Yield2.44 (5.55%)
Ex-Dividend Date2019-08-05
1y Target Est42.57
Trade prices are not sourced from all markets
  • Gunvor Leads LNG Ship Charters and Will Top 2018 Volume

    Gunvor Leads LNG Ship Charters and Will Top 2018 Volume

    (Bloomberg) -- Energy trader Gunvor Group Ltd. is on track to exceed last year’s delivery volumes for liquefied natural gas and is already leading rivals in short-term ship charters for the super-chilled fuel.Gunvor has conducted at least 35 charters to carry LNG so far this year, according to research by Fearnleys, which looked at fixtures of less than three years. That’s more than all competitors including major LNG players Qatargas, Cheniere Energy Inc. and Royal Dutch Shell Plc, as well as trading houses Vitol Group and Trafigura Group Ltd.“We have actually, so far, exceeded the number that Fearnleys has in the report,” said Seth Pietras, a Gunvor spokesman in Geneva, without being more specific.While most LNG is still traded under long-term contracts, the share of so-called spot deals, or those less than 90 days, and short-term transactions is rising with the expansion of flexible supply from the U.S. and as buyers seek shorter, less rigid deals.Gunvor is also set to exceed last year’s record deliveries. In 2018, it boosted its LNG volume by 60% to about 11 million metric tons, topping larger rivals Vitol and Trafigura.“We’re on track to significantly increase that volume this year,” Pietras said.The biggest energy trading houses have been rapidly expanding their LNG operations in the past five years, chartering vessels, investing in regasification infrastructure and signing long-term supply contracts with end users that can last for more than a decade.GasLog Ltd., which signed two vessel charters with Gunvor, said the trader’s growth has come despite market headwinds. It can also be attributed to Gunvor’s “ability to structure cargo opportunities where others cannot,” a spokesman for the shipowner said.Traders around the world have this year been hit by declining LNG prices and a narrowing price differential between Pacific and Atlantic regions, a key way for them to make money.Gunvor concluded 25 spot to multi-voyage fixtures in 2018. It currently has 12 vessels that keep natural gas cooled to about minus 160 degrees Celsius (minus 256 Fahrenheit) under its control, Pietras said.The Fearnleys report shows that the vast majority of the Gunvor LNG charters this year have been spot fixtures.Pietras said that while more than 60% of Gunvor’s LNG volumes delivered in 2018 were under mid- to long-term contracts, that percentage will also increase as the trading house expands the number of LNG vessels it has under long-term charter.Gunvor earlier this year named Singapore-based Kalpesh Patel and Ksenia Alleyne in Geneva as global co-heads of LNG.(A previous version of this story corrected the year in the 10th paragraph.) (Updates with comment from GasLog in eighth paragraph.)To contact the reporters on this story: Andy Hoffman in Geneva at ahoffman31@bloomberg.net;Anna Shiryaevskaya in London at ashiryaevska@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Andrew Reierson, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tellurian Signs $7.5 Billion LNG Pact With India’s Petronet

    Tellurian Signs $7.5 Billion LNG Pact With India’s Petronet

    (Bloomberg) -- India’s Petronet LNG Ltd. signed a $7.5 billion agreement to buy into Tellurian Inc.s proposed liquefied natural gas terminal in Louisiana in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate the purchase of 5 million tons of gas per year. The remaining $5 billion of the total will come from a debt commitment, according to Tellurian Chief Executive Officer Meg Gentle.The memorandum of understanding was announced Saturday. The companies plan to complete the accord by March 31, by which time Tellurian hopes to have signed up partners to enable it to proceed with the project.“We will sign the document sometime in the first quarter and we will have financing ready to close simultaneously, and then we will begin construction,” Gentle said in a telephone interview. “India is one of the fastest growth markets for LNG and should soon become the second-largest LNG importer.”The deal, signed in Houston in the presence of Indian Prime Minister Narendra Modi, underscores a record year for the LNG industry, with tens of billions of dollars worth of export projects given the green light. The surge of new supply from America’s trove of shale gas has rendered the once-premium fuel accessible for emerging markets such as India, currently the sixth-largest buyer of U.S. LNG.“People should not be surprised this came,” said Tellurian co-founder Charif Souki, who also started America’s largest LNG exporter Cheniere Energy Inc. “The United States and India have a significant issue diametrically opposed. We have too much gas that we don’t know what to do with and India needs greater gas, and 1 million tons a time is not going to solve the problem.”The Petronet deal, the largest by an Indian company in U.S. LNG, comes days after the gas industry’s all-important Gastech conference and coincided with Modi’s visit to Texas. The prime minister appeared at Houston’s NRG Stadium with President Trump on Sunday to address a crowd of more than 50,000 Indian Americans.“This deal will further help diversify India’s energy supplies,” said Lydia Powell, who runs the Centre for Resources Management at the New Delhi-based Observer Research Foundation think tank. “The U.S. wants to displace Middle East supplies and India is a large market.”Petronet’s investment is vying to be the largest by a foreign entity with one that Sempra Energy expects to finalize in Texas with Saudi Aramco.Tellurian expects to finalize the last 4 million tons needed for Driftwood’s first phase with one or two partners in the coming months, Gentle said. Petronet’s share represents about $2 billion in annual fuel sales for the life of Driftwood, she said. Tellurian dropped 0.8% to $8.61 at 10:08 a.m. in New“It supports the drilling industry and the pipeline industry, and there is going to be an enormous amount of resources,” Souki said.(Updates share price in penultimate paragraph.)\--With assistance from Kevin Varley, Rahul Satija and Debjit Chakraborty.To contact the reporter on this story: Naureen S. Malik in New York at nmalik28@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, James LuddenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MoneyShow

    Two MLPs for High Yields

    I found two cheap energy stocks that are all well worth considering for both current and future performance as well as their high dividend yields, suggests Chris Preston, editor of Cabot Wealth Network.

  • Reuters

    UPDATE 1-Next wave of U.S. LNG export projects to be ‘tougher’ -Blackstone Energy CEO

    The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Energy Partners said on Wednesday. Blackstone CEO David Foley said at the Gastech Energy Conference in Houston that only one or two new startup projects may reach a final investment decision (FID) in the next wave of U.S. LNG export projects. “In terms of liquefaction capacity that gets FID from the U.S., the hit rate will be a lot higher on projects either sponsored by major oil companies or expansions of existing facilities,” Foley said.

  • Morningstar

    What the Saudi Oil Attack Means for Energy Stocks

    After an attack on Sept. 14, Saudi Arabia has lost about 5.7 million barrels per day of oil production capacity. Early commentary and media speculation suggest that this is possible, but satellite imagery reveals extensive damage and it is not unrealistic to expect full repairs to drag on for months.

  • Reuters

    Cheniere signs gas deals linked to spot LNG with U.S. shale producer

    U.S. liquefied natural gas (LNG) producer Cheniere Energy has signed long-term gas supply deals with shale producer EOG Resources, with some of the gas tied to Asian spot LNG prices in the second instance of such a link. Cheniere typically buys natural gas using a price mechanism linked to a U.S. gas benchmark, but in a June deal with Apache Corp, it signed its first supply agreement tied to spot LNG prices.

  • Reuters

    UPDATE 1-Cameron LNG declares force majeure at Louisiana export terminal -traders

    Cameron LNG, a liquefied natural gas (LNG) facility in Louisiana operated be Sempra Energy has declared force majeure due to technical problems at the export terminal but the impact on volumes was not immediately clear, LNG traders said on Friday. The export terminal is one of three new facilities to have come onstream this year, boosting U.S. LNG production and prompting a wave of imports into Europe which has depressed gas prices there. On Friday, traders said they were notified by Cameron LNG of the force majeure.

  • Business Wire

    Cheniere Partners Announces Upsize and Pricing of $1.5 Billion Senior Notes due 2029

    Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) announced today that it has upsized and priced its previously announced offering of Senior Notes due 2029 (the "CQP 2029 Notes"). The CQP 2029 Notes will bear interest at a rate of 4.500% per annum and will mature on October 1, 2029. The CQP 2029 Notes are priced at par, and the closing of the offering is expected to occur on September 12, 2019.

  • Moody's

    Cheniere Energy Partners, L.P. -- Moody's assigns a Ba2 rating to Cheniere Energy Partners, L.P's $1.0 billion bond offering

    Moody's Investors Service (Moody's) assigned a Ba2 rating to Cheniere Energy Partners, L.P's (CQP) $1.0 billion senior unsecured note offering. Proceeds from the offering will be used to refinance and retire CQP's $750 million senior secured term loan facility and for general corporate purposes including prefunding a portion of the costs associated with construction of Train 6 at Sabine Pass Liquefaction LLC (SPL: Baa3, stable). A $750 million senior secured revolving credit facility, currently undrawn, provides liquidity support for construction costs and general corporate purposes.

  • Business Wire

    Cheniere Partners Announces Offering of $1.0 Billion Senior Notes Due 2029

    Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP) announced today that it intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Notes due 2029 (the "CQP 2029 Notes"). Cheniere Partners intends to use the proceeds from the offering to prepay all of the outstanding term loans under its senior secured credit facilities due 2024 (the “CQP Credit Facilities”) and for general corporate purposes, including funding future capital expenditures in connection with the construction of Train 6 at the Sabine Pass liquefaction project. After applying the proceeds from this offering, only a $750 million revolving credit facility will remain as part of the CQP Credit Facilities, which is undrawn.

  • The #1 LNG Stock for 2020
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    The #1 LNG Stock for 2020

    Your best bet to ride the LNG wave.

  • Reuters

    Second train complete at Cheniere's Corpus Christi LNG plant

    Cheniere Energy Inc, the biggest U.S. LNG exporter, said on Tuesday that train 2 of the Corpus Christi liquefied natural gas (LNG) export terminal in Texas was substantially complete. Cheniere has five liquefaction trains operating at Sabine Pass LNG export terminal in Louisiana and two at Corpus Christi. LNG plants are made up of trains, which are liquefaction facilities used to supercool natural gas so that it can be transported on ships.

  • Better Buy: Brookfield Asset Management vs. Cheniere Energy
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    Better Buy: Brookfield Asset Management vs. Cheniere Energy

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  • Benzinga

    Ocean Rate Report: LNG Heats Up, Boxes Continue Slide

    Two prime examples are liquefied natural gas (LNG) shipping and container shipping. At this time of year, LNG shipping rates usually increase as importers book more cargoes in preparation for winter fuel demand, and box rates rise as U.S. retailers bring in their inventories. "Many expected 2019 to be the year of the LNG carrier," said Stifel analyst Ben Nolan.

  • Oilprice.com

    LNG Traders Look To Make Huge Profits Using ‘Idle Tankers’

    LNG traders have started to use LNG tankers as floating storage units in order to cash in on higher prices this winter

  • PR Newswire

    Alerian Reports June 30, 2019 Index Linked Product Positions

    DALLAS , Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019 , total products directly tied to and tracking the Alerian indices was $13.7 billion . Exchange traded funds, exchange traded ...

  • (LNG) Q2 2019 Earnings Call Transcript
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    (LNG) Q2 2019 Earnings Call Transcript

    LNG earnings call for the period ending June 30, 2019.

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    5 Top Natural Gas Stocks to Buy Now

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  • Natural Gas Price Fundamental Daily Forecast – Short-covering Rally Could Drive Market into $2.181 to $2.217
    FX Empire

    Natural Gas Price Fundamental Daily Forecast – Short-covering Rally Could Drive Market into $2.181 to $2.217

    The lack of aggressive counter-trend buying is contributing to the slow trade early in the session. Given the current weather forecast, rising production and low cash prices, gains could be limited.

  • Reuters

    UPDATE 2-Cheniere working on Louisiana Sabine Pass 3 and 4 LNG export plant

    Cheniere Energy Inc said on Monday it is conducting previously scheduled turnarounds on Trains 3 and 4 at the Sabine Pass liquefied natural gas (LNG) export terminal in Louisiana as part of its maintenance plan for the facility. The company did not say when the units would likely return to service but noted "a good general guide for timing" was work on Sabine Trains 1 and 2 earlier this year that lasted about three weeks. Cheniere has five liquefaction trains operating at Sabine and two at its Corpus Christi LNG export terminal in Texas.

  • Cheniere Energy’s Earnings: What to Expect in Q2?
    Market Realist

    Cheniere Energy’s Earnings: What to Expect in Q2?

    Cheniere Energy's (LNG) earnings are scheduled to be released on Thursday. According to the consensus estimates, the company will report an EPS of $0.34.

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