CQP - Cheniere Energy Partners, L.P.

NYSE American - Nasdaq Real Time Price. Currency in USD
43.42
-0.07 (-0.16%)
As of 3:34PM EDT. Market open.
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Previous Close43.49
Open43.68
Bid43.34 x 1000
Ask43.41 x 800
Day's Range43.02 - 43.81
52 Week Range32.55 - 45.27
Volume35,364
Avg. Volume137,290
Market Cap21.016B
Beta (3Y Monthly)1.02
PE Ratio (TTM)16.27
EPS (TTM)2.67
Earnings DateAug 8, 2019
Forward Dividend & Yield2.40 (5.52%)
Ex-Dividend Date2019-05-06
1y Target Est42.03
Trade prices are not sourced from all markets
  • Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk
    Bloomberg7 days ago

    Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

    (Bloomberg) -- Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity.Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path of the storm as it churns toward Louisiana. Together, the terminals account for about 70% of America’s capacity to ship LNG overseas. Two gas tankers are waiting to approach Sabine Pass, while a third recently departed, according to ship tracking data compiled by Bloomberg.Another terminal, Venture Global LNG Inc.’s Calcasieu Pass in Cameron Parish, is under construction. Sabine Pass continues to operate and Cheniere doesn’t expect major impacts to operations from Barry, the company said Thursday. Gas flows to the facility via pipeline have dropped about 20% since July 9, BloombergNEF data show. Sempra said it’s monitoring the storm, while a Venture Global spokeswoman didn’t respond to a request for comment.LNG exports from the U.S. have surged, reaching buyers from Mexico to Japan, with three new terminals starting up since December. The cargoes provide an important outlet for gas producers as supply from shale basins soars, pressuring prices lower.Sabine Pass has five tanks for storing super-chilled gas, but two have been unavailable since the beginning of last year, when plant workers discovered a crack in one of the them. Investigators later found that a second tank had also had LNG released from its inner wall.Earlier this week, U.S. regulators told Cheniere that more work is needed before the tanks can be returned to service. That means the company has less flexibility to stock up on LNG when ships can’t reach the terminal to load cargoes during bad weather.(Updates with Sabine Pass flows in third paragraph, tank repairs in fifth.)\--With assistance from Ryan Collins, Naureen S. Malik and Rachel Adams-Heard.To contact the reporters on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;Kevin Varley in Washington at kvarley@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • More American LNG Set to Land in Glutted Gas Markets
    Bloomberg7 days ago

    More American LNG Set to Land in Glutted Gas Markets

    (Bloomberg) -- Six decades after British Gas imported the world’s first seagoing cargo of liquefied natural gas from the U.S., the company’s successor is preparing to repeat the act, but with a whole different set of challenges.A global glut of LNG on the back of new production facilities has caused prices to crash globally, a move most people hadn’t anticipated in 2013, when Centrica Plc signed a 20-year contract to buy LNG from Cheniere Energy Inc. With the price gap between the regions shrinking more than 70% since then, it has become challenging to economically bring U.S. fuel to Britain when the Windsor, England-based utility takes its first contractual delivery from the Sabine Pass plant in Louisiana in September.“Right now we anticipate lifting the cargoes,” Jonathan Westby, co-managing director of Centrica’s energy marketing and trading unit, said in an interview at his office in west London, a hub for LNG trading. “While the spot market is looking particularly oversupplied right now, we have been undertaking a big risk management program and therefore have managed the front end of the Sabine Pass contract quite considerably,” Westby said.Utilities, trading houses and oil majors have been lured by LNG as buyers from China to Pakistan seek cleaner fuels. As increasing global supply and flexible contracts help make LNG the fastest-growing fossil fuel, market players are searching for niches and navigating challenges such as where to place cargoes and how to manage price risks.Since trading its first spot cargo in 2014, Centrica has transformed from a regional buyer importing cargoes to a terminal near London into a global player, targeting 5 million to 6 million tons of LNG next year. That’s more than half of what some of the largest commodity trading houses deliver annually. Centrica has built a diverse portfolio of long-term contracts with major producers and found demand from its European hub to the Middle East to Asia to the Caribbean region.Centrica’s Long-Term LNG ContractsSigning up to buy volumes from Cheniere, which revolutionized the U.S. energy landscape by becoming the first exporter of American shale gas in the form of LNG, was a major milestone to kickstart Centrica’s LNG business. Centrica will be buying from the fifth unit of Sabine Pass, which started commercial operations earlier this year, and will need to pay fixed fees. It has the right not to lift cargoes, but would need to notify the seller in advance to do so.Under the terms of the agreement, Centrica will pay Cheniere a fixed fee of $3 per million British thermal units and a commodity fee of 115% of the prevailing Henry Hub price, for the procurement and liquefaction of the gas.While U.S. supply is abundant, rapidly expanding, relatively cheap and unrestricted by traditional limitations such as destination clauses, it exposes European buyers to a price index that is different to the ones they use to trade at home. The Cheniere contract is based on U.S. benchmark Henry Hub, needed to raise financing to build American plants.“One of the big issues facing the industry is how to manage price risk and volume risk in long-term contracts because it costs a lot of money to develop LNG liquefaction,” Westby said. “Market participants would find it a lot easier if the financial markets provided the ability to hedge for 10 years out, they currently don’t.”By using the paper markets and securing physical deals, Centrica expects to maintain profitability. The U.S. contract’s flexibility along with multiple other deals in place creates optimization opportunities which can be monetized to offset the cost of buying the gas in the first place, he said.“You have to be quite creative in terms of how you can effectively risk manage that through doing physical activity and creating physical homes for the cargoes,” Westby said. “We have entered some mid-term contracts and we will be selling the cargoes into multiple destinations.”One such contract was a deal with Poland’s PGNiG, which is committing to U.S. LNG as the eastern European nation is moving to free itself from buying pipeline gas from Russia’s Gazprom PJSC, Europe’s dominant gas supplier.In February, Centrica signed an innovative contract to buy the fuel from the Mozambique LNG project jointly with Tokyo Gas, with which it also has a separate deal to swap cargoes. Centrica also teamed up with New Fortress Energy, which converted a number of oil markets in Jamaica into gas customers, providing the utility with a market for its LNG.“With the Polish deal, with the Caribbean deal, and obviously our partnership with Tokyo Gas, we feel that we can add more value by working collaboratively with other companies that have complementary positions,” Westby said. “That is how we achieved a lot of our growth, is through this kind of collaboration.”In the currently oversupplied market, Centrica isn’t shocked by lower prices. Traders watch spreads between regions, such as Asia and Europe, as well as price gaps in time to explore opportunities for floating storage and diversions, rather than an absolute price level, Westby said.But even the best modelling can be upset because of unpredictable weather and unplanned outages at plants, he said. Also, lower LNG prices open up demand, and once nations switch to cleaner gas, that usage becomes permanent.“The markets are probably looser now than they have been in the past,” Westby said. “That presents some challenges in terms of securing markets for product. Looser markets typically create liquidity -- it is easier to trade and enter transactions. That will be something we will be looking to take advantage of.”(Updates with Centrica’s fee in seventh paragraph.)To contact the reporter on this story: Anna Shiryaevskaya in London at ashiryaevska@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters10 days ago

    U.S. says Cheniere must do work on Louisiana Sabine LNG storage tanks

    U.S. energy and safety regulators told Cheniere Energy Inc on Tuesday the company had to take several steps before the agencies would authorize the return to service of two liquefied natural gas (LNG) storage tanks that leaked at the Sabine Pass LNG export terminal in Louisiana. The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) and the Federal Energy Regulatory Commission (FERC) told Cheniere that neither agency is prepared to authorize a return to service at this time.

  • Cheniere Energy Stock Surges as Trade Tensions Ease
    Market Realist17 days ago

    Cheniere Energy Stock Surges as Trade Tensions Ease

    Leading LNG (liquified natural gas) exporter Cheniere Energy (LNG) could be one of the beneficiaries of the improving trade talks between the US and China.

  • Reuters21 days ago

    How U.S. LNG plays havoc with Dutch gas and Asian shipping

    Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. The price falls are in part thanks to an influx of U.S. LNG supplies. Cheniere sells its LNG at 115% of U.S. gas futures plus a liquefaction fee of between $3.00 and $3.50 per million British thermal units (mmBtu), with a few buyers paying less.

  • Reuters21 days ago

    GRAPHIC-How U.S. LNG plays havoc with Dutch gas and Asian shipping

    Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. The price falls are in part thanks to an influx of U.S. LNG supplies. Cheniere sells its LNG at 115% of U.S. gas futures plus a liquefaction fee of between $3.00 and $3.50 per million British thermal units (mmBtu), with a few buyers paying less.

  • Oilprice.com24 days ago

    Protracted Trade War Inflicts Lasting Damage To U.S. LNG

    As the trade war drags on, Chinese investors are reconsidering investment in new U.S. LNG projects and are reportedly already reassessing long-term supply contracts

  • Better Buy: Tellurian vs. Cheniere
    Motley Fool26 days ago

    Better Buy: Tellurian vs. Cheniere

    Can Tellurian become the next Cheniere, or should investors stick with the already-successful LNG pure play?

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    Motley Foollast month

    2 Top Stocks Under $10

    Investors have had to withstand above-average volatility with these two stocks in recent years, but better days are on the horizon.

  • MoneyShowlast month

    Perry's Picks for an Energy Portfolio

    Clearly, the sharp drop in Treasury yields of late pulled the Fed into the spotlight as the bond market dictates to the Fed and not the other way around. Leave no doubt -- short-term interest rates are coming down, observes Bryan Perry, editor of Cash Machine.

  • Moody'slast month

    Cheniere Energy Partners, L.P. -- Moody's affirms the Baa3 rating at Sabine Pass Liquefaction and the Ba2 ratings at affiliate Cheniere Energy Partners

    Moody's Investors Service today affirmed the Baa3 rating assigned to Sabine Pass Liquefaction LLC's (SPL) senior secured bonds as well as the Ba2 Corporate Family Rating (CFR) and Ba2 rating assigned to Cheniere Energy Partners, L.P's (CQP) senior unsecured notes. The outlooks for SPL and CQP are stable.

  • Reuterslast month

    Asian LNG prices higher on oil gains, production curbs in Australia

    Asian spot prices for liquefied natural gas (LNG) edged higher this week, tracking higher oil prices and as production curbs in Australia boosted demand, industry sources said. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units (mmBtu), up from $4.25 last week, the sources said. Spot trading for the super-chilled fuel was volatile this week with prices moving quickly from opening to closing of the market within a day, a Singapore-based industry source said.

  • Trump Doesn’t Need to Sanction Russian Gas
    Bloomberglast month

    Trump Doesn’t Need to Sanction Russian Gas

    (Bloomberg Opinion) -- Donald Trump doesn’t have to impose sanctions on Russia’s controversial Nord Stream 2 pipeline to Germany if he wants Europe to buy more U.S. liquefied natural gas. The market is doing his work for him.Increasing competition is already reducing the European Union’s dependence on Russian exports, and U.S. LNG is an increasingly important factor in determining prices.Asked during an appearance with Polish President Andrzej Duda whether he would use sanctions to block Nord Stream 2, the U.S. president said he was “looking at it” and “thinking about it” because “we’re protecting Germany from Russia. And Russia is getting billions and billions of dollars of money from Germany.”This made headlines because it appeared to repeat earlier threats from the U.S. Senate and Energy Secretary Rick Perry. But later, when a reporter pushed him by saying he had the power to block the pipeline with sanctions, Trump replied:Germany has the power to block it. You know how they block it? By not buying it. I mean, Germany made a decision to buy a tremendous percentage of their energy from Russia. Germany – whether they should be doing that or not, they’re the ones that have the power to block it. They shouldn’t buy it. Or, if they want to, they can. But that’s really a decision of Germany.My reading of these remarks is that Trump is less interested in imposing sanctions than he is eager to get Germany to buy more of the U.S.’s “tremendous” LNG. “I think that’s really the way, if they want to spend a tremendous amount of money,” Trump said.Regardless of what happens with Nord Stream 2, Germany and other European countries are likely to buy more U.S. LNG because they don’t want to spend a tremendous amount of money — in particular, on Russian gas. Nord Stream 2 came up at the Trump press conference with Duda because Poland’s state-owned oil and gas company, PGNiG, is an enthusiastic buyer of U.S. LNG. Last year, the utility signed three long-term contracts with U.S. producers, only one of which — Cheniere Energy Inc. — is already supplying the fuel; the others still haven’t built their export terminals.PGNiG is signing these deals because it is locked into a long-term contract with Russia’s Gazprom and unhappy with the price it’s paying. The dispute is in arbitration, with the Polish utility close to winning a reduction. Even so, the contract runs out in 2022 and PGNiG is threatening not to renew it and seek alternatives from Norway. For those threats to be credible, and for Gazprom to start offering favorable terms, the buyer needs to show that it can already get supplies from elsewhere. It’s making some progress.PGNiG has long claimed it can source LNG at lower prices than those offered by Gazprom. This year, that claim doesn't look so outlandish. Gazprom’s average export price in Europe reached $254 per 1,000 cubic meters in the first quarter of 2019. Spot LNG prices have been lower, hovering about $5 per million British thermal units, or about $177 per 1,000 cubic meters.One may laugh at the U.S. branding of “freedom gas,” but its influence on European prices has been liberating. It is a buyer’s market, at least for now.Only three factors limit Europe’s ability to drive down natural gas prices: Gazprom’s long-term contracts; LNG terminal capacity; and demand in Asia, where prices are higher. The first two of these aren’t immutable: Contracts will run out and be renegotiated, and new terminals are being built (Germany alone has plans for two). That LNG supplies can easily be diverted elsewhere as prices change makes it necessary for European countries to have access to pipeline gas sources — but Gazprom isn’t the only one. It faces competition from Norway and various Mediterranean projects.Germany stands to benefit from this new setup. It needs a lot of gas as it tries to phase out both nuclear and coal power. Demand forecasts vary wildly, but it’s safe to assume the country will buy as much as it can get. Nord Stream2 alone won’t be enough to cover those needs, so Germany will have to turn to the U.S. That, together with supplies from other sources, should help it to negotiate down Gazprom’s prices.It’s a win-win situation for the U.S. LNG producers, Germany and even Gazprom as it seeks to keep a foothold in Europe. But two strong arguments still exist for sanctioning Nord Stream 2. One is the need to preserve the Ukrainian transit route for Russian gas. If it dries up, cash-strapped Ukraine would lose a major revenue source. (For now, though, Russia will pump as much gas as it can to Europe to avoid losing its main export market. Given Gazprom’s importance to the personal wealth of Putin’s close circle, that’s not an option.) The other reason is that Nord Stream 2 undermines Poland’s bargaining power over Gazprom: The supplier would be able to say it has found another buyer in the neighborhood.Trump and U.S. Congress should weigh these dangers against that of further alienating Germany. It might try to defy the sanctions if Gazprom goes ahead with the Nord Stream 2 project without Western partners. Any move by the U.S. against Nord Stream 2 would also confirm to its European allies that Washington’s sanctions policy is merely a tool to advance trade interests.These considerations make for a difficult decision. Trump’s remarks on Wednesday sounded to me as though he were leaning toward letting the market do its job this time. That doesn’t mean he can’t change his mind tomorrow — especially if his trade war with China ends and his attention switches to Europe.To contact the author of this story: Leonid Bershidsky at lbershidsky@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters2 months ago

    Cheniere signals new LNG pricing structure with Apache deal

    LONDON/NEW YORK, June 3 (Reuters) - Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature LNG pricing mechanism in future offtake agreements with LNG buyers by decoupling from the Henry Hub price used for U.S. gas. "Producers want this because it will give them better realizations than what they will see in the North American market," Anatol Feygin, executive vice president and chief commercial officer at Cheniere, told reporters after an investor meeting in New York.

  • Benzinga2 months ago

    U.S. LNG Export Projects Remain On Bullish Track – A Plus For Shipping

    The U.S. continues to solidify its role as a major player in the global liquefied natural gas (LNG) arena. Export projects are advancing at a rapid clip – and the higher the volumes from the United States, ...

  • Reuters2 months ago

    Cheniere Energy raises annual production rate forecast

    U.S. liquefied natural gas exporter Cheniere Energy Inc on Monday raised its annual production rate forecast to 4.7–5.0 million tonnes per train. It had earlier forecast annual production rate of 4.4–4.9 ...

  • Business Wire2 months ago

    Cheniere Partners Makes Positive Final Investment Decision on Train 6 at the Sabine Pass Liquefaction Project and Increases Run-Rate Production and Distributable Cash Flow per Unit Guidance

    Final Investment Decision reached on Sabine Pass Train 6 and Full Notice to Proceed issued to Bechtel

  • Reuters2 months ago

    YPF prepares first shipment of liquefied natural gas from Argentina

    Argentine oil company YPF SA said on Sunday that it began loading the first shipment of liquefied natural gas (LNG) for export from Argentina. The shipment includes 30,000 cubic metres of LNG from the Vaca Muerta shale play, YPF said in a statement. "This is the first step of a process that YPF is leading to export and expand gas markets to the world," Marcos Browne, executive vice president of gas and electric power for YPF, said in the statement.

  • Oilprice.com2 months ago

    How Clean Is “Freedom Gas”?

    The LNG Industry has been growing at a remarkable rate in the U.S. due to its role in the global energy transition, but this “freedom gas” may be less clean than we thought

  • Benzinga2 months ago

    Ocean Rate Report: Boxes Fall, LNG And Refined Products Rise

    Ocean cargo freight rates and shipping charter rates have generally risen over the past week, albeit not dramatically. Market conditions for shipping remain relatively unappetizing, while transport costs for cargo shippers remain affordable. Of the rate segments that are still declining, trans-Pacific container shipping costs stand out as the one to watch.

  • Moody's2 months ago

    Cheniere Energy Partners, L.P. -- Moody's rates Blackstone CQP Holdco B1

    Moody's Investors Service ("Moody's") assigned first time ratings to Blackstone CQP Holdco LP (Blackstone CQP) including a B1 Corporate Family Rating (CFR), a B1-PD Probability of Default Rating (PDR) and a B1 rating to its proposed offering of a $2.5 billion senior secured first lien term loan facility. Blackstone CQP owns a 40% interest in CQP.

  • Oilprice.com2 months ago

    One Country That Could Win Big From The U.S., China Trade War

    If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another country is waiting to gain from it

  • MoneyShow2 months ago

    A Booming Business in LNG

    The U.S. is experiencing an energy boom. But don't picture gushers of crude oil spraying skyward over the Texas flatlands. Instead, think LNG -- Liquefied Natural Gas, suggests Mike Larson, growth and income expert and editor of Safe Money Report.