$CQP · Cheniere Energy Partners, L.P.
Cheniere Energy Partners reported Q3 2026 results via 8-K: revenue of $2.574B (+7% YoY), net income of $639M (+26% YoY), and Adjusted EBITDA of $954M (+8% YoY). The partnership tightened its full-year 2026 distribution guidance to $3.30–$3.40 per unit (from $3.10–$3.40) and declared a $0.890/unit quarterly cash distribution.
- Q3 2026 net income of $639M, up 26% from $506M in Q3 2025.
- Q3 revenue of $2.574B, up 7% YoY from $2.404B.
- Adjusted EBITDA of $954M for Q3, up 8% from $885M a year ago.
- Full-year 2026 distribution guidance tightened to $3.30–$3.40/unit from prior $3.10–$3.40.
- Declared Q3 cash distribution of $0.890/unit ($0.775 base + $0.115 variable), payable Nov 13, 2026.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
The distribution guidance raise and QatarEnergy SPA signal both near-term cash-return confidence and long-term growth visibility for the largest U.S. LNG operator.
Cheniere Partners continues to benefit from strong global LNG demand, with 378 TBtu loaded and recognized in Q3. The QatarEnergy SPA for up to 2 mtpa starting in the early 2030s signals long-term offtake visibility for the SPL Expansion Project.
SPL Expansion Project FID remains subject to regulatory approvals (FERC, DOE) and acceptable commercial/financing arrangements; no FID date specified. Derivative fair-value losses of $105M in cost of sales represent a recurring non-cash volatility risk.