Cheniere Energy Partners, L.P. (CQP) reported second-quarter 2025 earnings per unit of 91 cents, missing the Zacks Consensus Estimate of 96 cents and down from 95 cents in the previous year. Total revenues increased to $2.5 billion from $1.9 billion year-over-year, exceeding the consensus estimate of $2.4 billion.
During the quarter, CQP shipped 98 LNG cargos, a decrease of 5% from 103 cargos in Q2 2024. The total LNG volume was 351 trillion British thermal units (TBtu), down from 372 TBtu the previous year. Adjusted EBITDA fell to $726 million, a 13% decline from $832 million in the prior year, attributed to planned maintenance and increased operating costs, which rose to $1.74 billion.
As of June 30, 2025, CQP had $108 million in cash with net long-term debt at $14.2 billion. The company maintains its 2025 distribution guidance of $3.25-$3.35 per common unit, keeping a base distribution of $3.10.
