Cheniere Q4 2024 Earnings Report
Key Takeaways
Cheniere Partners' Q4 2024 revenue decreased by 8% year-over-year to $2.46 billion, while net income dropped by 31% to $623 million. The company exported 110 LNG cargoes with total volumes of 399 TBtu. Operating income reached $812 million, with a reported adjusted EBITDA of $890 million. The company also declared a cash distribution of $0.820 per common unit.
Revenue declined 8% year-over-year to $2.46 billion.
Net income fell 31% to $623 million due to unfavorable derivative valuations.
Exported LNG volumes declined 5% to 399 TBtu.
Declared a cash distribution of $0.820 per common unit.
Cheniere Revenue
Cheniere EPS
Cheniere Revenue by Segment
Forward Guidance
Cheniere Partners introduced a full-year 2025 distribution guidance of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per unit. The company expects stable cash flows despite market volatility.
Positive Outlook
- Maintaining a stable base distribution of $3.10 per common unit.
- Continuing development of SPL Expansion Project for future growth.
- Strong liquidity position with $2.2 billion available.
- Favorable regulatory approvals for LNG exports to FTA countries.
- Steady LNG production capacity at 30 mtpa.
Challenges Ahead
- Declining LNG margins due to market conditions.
- Unfavorable derivative valuations impacting earnings.
- Decrease in LNG cargo volumes year-over-year.
- Higher operating expenses compared to prior periods.
- Potential headwinds from international gas price fluctuations.