Cheniere Energy Partners LP | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 2.404 B

Revenue: As of FY2025 Q3, the actual value is USD 2.404 B, missing the estimate of USD 2.497 B.

EPS: As of FY2025 Q3, the actual value is USD 0.8, missing the estimate of USD 0.9758.

EBIT: As of FY2025 Q3, the actual value is USD 880 M.

Financial Highlights

• Revenues: $2.4 billion for Q3 2025, $7.8 billion for the nine months ended September 30, 2025, representing a 17% and 26% increase YoY, respectively.
• Net Income: $506 million for Q3 2025, $1.7 billion for the nine months ended September 30, 2025, representing a 20% and 10% decrease YoY, respectively.
• Adjusted EBITDA: $885 million for Q3 2025, $2.6 billion for the nine months ended September 30, 2025, representing a 4% increase and 1% decrease YoY, respectively.
• LNG Exported: 104 cargoes for Q3 2025, 314 cargoes for the nine months ended September 30, 2025, with volumes of 374 TBtu and 1,132 TBtu, respectively.

Operational Metrics

• Operating Costs and Expenses: $1.7 billion for Q3 2025, $5.6 billion for the nine months ended September 30, 2025.
• Income from Operations: $696 million for Q3 2025, $2.2 billion for the nine months ended September 30, 2025.
• Interest Expense: $189 million for Q3 2025, $567 million for the nine months ended September 30, 2025.

Cash Flow and Liquidity

• Cash and Cash Equivalents: $121 million as of September 30, 2025.
• Restricted Cash and Cash Equivalents: $43 million as of September 30, 2025.
• Total Available Liquidity: $1.979 billion as of September 30, 2025.

Recent Financial Transactions

• Debt Repayment: SPL repaid $52 million of its 4.746% Senior Secured Notes due 2037 in September 2025.
• New Issuance: Issued $1.0 billion of 5.550% Senior Notes due 2035 in July 2025.
• Debt Redemption: Redeemed $1.0 billion of SPL’s 5.875% Senior Secured Notes due 2026 in July 2025.
• Debt Repayment: SPL repaid the remaining $300 million of its 5.625% Senior Secured Notes due 2025 during the nine months ended September 30, 2025.

Outlook / Guidance

• Distribution Guidance: Reconfirmed full year 2025 distribution guidance of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
• Expansion Project: Developing an expansion adjacent to the SPL Project with an expected total peak production capacity of up to approximately 20 mtpa of LNG.