Cheniere Partners Declares Quarterly Distributions
October 25 2024 - 7:30AM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE: CQP)
today declared (i) a cash distribution of $0.810 per common unit to
unitholders of record as of November 4, 2024, comprised of a base
amount equal to $0.775 and a variable amount equal to $0.035, and
(ii) the related distribution to its general partner. These
distributions are payable on November 14, 2024.
Publicly traded partnerships that earn net income in a calendar
year that is effectively connected with the conduct of a US trade
or business are generally required to withhold US income tax from
distributions paid to foreign persons. The portion of our quarterly
cash distributions that are paid to foreign persons will generally
be subject to US withholding tax.
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4 and
1.446(f)-4. Please note that 100 percent of Cheniere Partners’
distributions to foreign investors are attributable to income that
is effectively connected with a US trade or business and subject to
withholding under Treasury Regulation Sections 1.1446-1 – 1.1446-6.
Accordingly, all of Cheniere Partners’ distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate. Furthermore, 100 percent of
Cheniere Partners’ distributions to foreign investors is in excess
of cumulative net income for purposes of Treasury Regulation
Section 1.1446(f)-4(c)(2)(iii). Nominees are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in
Cameron Parish, Louisiana, which has natural gas liquefaction
facilities consisting of six liquefaction Trains with a total
production capacity of approximately 30 million tonnes per annum of
liquefied natural gas (“LNG”). The Sabine Pass LNG terminal also
has operational regasification facilities that include five LNG
storage tanks, vaporizers, and three marine berths. Cheniere
Partners also owns the Creole Trail Pipeline, which interconnects
the Sabine Pass LNG terminal with a number of large interstate and
intrastate pipelines.
For additional information, please refer to the Cheniere
Partners website at www.cheniere.com and Quarterly Report on Form
10-Q for the quarter ended June 30, 2024, filed with the Securities
and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements
of historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere Partners’ financial and operational guidance, business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding Cheniere Partners’ anticipated quarterly
distributions and ability to make quarterly distributions at the
base amount or any amount, (iii) statements regarding regulatory
authorization and approval expectations, (iv) statements expressing
beliefs and expectations regarding the development of Cheniere
Partners’ LNG terminal and liquefaction business, (v) statements
regarding the business operations and prospects of third-parties,
(vi) statements regarding potential financing arrangements, (vii)
statements regarding future discussions and entry into contracts,
and (viii) statements relating to our goals, commitments and
strategies in relation to environmental matters. Although Cheniere
Partners believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere Partners’ actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere Partners’ periodic reports that are filed
with and available from the Securities and Exchange Commission. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required under the securities laws, Cheniere Partners
does not assume a duty to update these forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241024309912/en/
Investors Randy Bhatia,
713-375-5479 Frances Smith, 713-375-5753 Media Relations Eben Burnham-Snyder, 713-375-5764
Bernardo Fallas, 713-375-5593
Cheniere Energy Partners (NYSE:CQP)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cheniere Energy Partners (NYSE:CQP)
Historical Stock Chart
From Dec 2023 to Dec 2024