Cheniere Energy Partners Q2 net income more than doubles on higher LNG volumes

Overview

• US LNG exporter's Q2 revenue rose 5% yr/yr to $2.6 bln

• Q2 net income more than doubled, driven by higher LNG volumes and favorable derivative impacts

• Adjusted EBITDA for Q2 rose 35% yr/yr to $983 mln

Outlook

• Cheniere Partners reconfirms full-year 2026 distribution guidance of $3.10-$3.40 per common unit

Result Drivers

• HIGHER LNG VOLUMES - Co said increased LNG volumes recognized in income drove revenue and net income growth

• DERIVATIVE IMPACTS - Favorable changes in fair value of derivatives, including IPM agreements, contributed to net income increase

• HIGHER TOTAL MARGINS - Adjusted EBITDA growth driven by higher total margins per MMBtu of LNG delivered, mainly due to increased volumes

Company press release: ID:nBw8btcbCa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 8 "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy."

• Wall Street's median 12-month price target for Cheniere Energy Partners LP is $62.00, about 3.3% below its August 5 closing price of $64.13

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads

• Aug 6 - Cheniere Energy reports rise in second-quarter profit on increased LNG demand

• Aug 3 - US LNG exports stall in July despite higher LNG prices

• Aug 5 - Excelerate Energy Q2 adj EBITDA beats estimates on Jamaica platform contribution

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)