Cheniere Energy Partners Reports Q3 2025 Earnings, Confirms Full‑Year Distribution Guidance

CQP
October 30, 2025

Cheniere Energy Partners, L.P. reported third‑quarter 2025 financial results, posting revenue of $2.404 billion, up 17 % from $2.055 billion in the same period last year.

Net income for the quarter was $506 million, a 20 % decline from $635 million in Q3 2024, largely due to a $162 million unfavorable fair‑value change in derivative instruments tied to long‑term Integrated Production Marketing agreements.

Adjusted EBITDA increased to $885 million, a 4 % year‑over‑year rise from $852 million in Q3 2024, reflecting higher Henry Hub pricing and continued contract‑based sales.

LNG shipments totaled 104 cargoes, delivering 374 TBtu of LNG, a 2 % drop in cargo count and 1 % decline in volume versus the prior year, partly attributed to planned maintenance at Sabine Pass and Corpus Christi facilities.

The company reaffirmed its full‑year 2025 distribution guidance at $3.25‑$3.35 per unit and declared a quarterly cash distribution of $0.830 per unit, comprising a $0.775 base amount and a $0.055 variable component.

Management highlighted ongoing expansion projects, including the SPL Expansion Project, and emphasized continued focus on returning cash to unitholders while maintaining liquidity for future growth.

The results were compared to analyst expectations: revenue beat consensus estimates of $2.35 billion, and net income exceeded the expected $480 million, while EPS of $0.80 surpassed the forecast of $0.70.

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