Cheniere Energy Partners LP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in millions, except per unit data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| LNG revenues | $1,454 | $1,415 | $3,174 | $3,521 |
| LNG revenues—affiliate | 391 | 469 | 915 | 1,230 |
| Regasification revenues | 34 | 33 | 68 | 67 |
| Other revenues | 15 | 16 | 32 | 32 |
| Total revenues | 1,894 | 1,933 | 4,189 | 4,850 |
| Operating costs and expenses | ||||
| Cost of sales (excluding items shown separately below) | 661 | 603 | 1,625 | 916 |
| Cost of sales—affiliate | — | 1 | 4 | 18 |
| Operating and maintenance expense | 210 | 263 | 410 | 469 |
| Operating and maintenance expense—affiliate | 39 | 38 | 82 | 82 |
| Operating and maintenance expense—related party | 16 | 14 | 29 | 30 |
| General and administrative expense | 3 | 3 | 6 | 6 |
| General and administrative expense—affiliate | 23 | 24 | 45 | 46 |
| Depreciation and amortization expense | 170 | 167 | 338 | 334 |
| Other operating costs and expenses | 5 | 2 | 8 | 2 |
| Other operating costs and expenses—affiliate | 1 | — | 1 | — |
| Total operating costs and expenses | 1,128 | 1,115 | 2,548 | 1,903 |
| Income from operations | 766 | 818 | 1,641 | 2,947 |
| Other income (expense) | ||||
| Interest expense, net of capitalized interest | (202) | (207) | (404) | (415) |
| Loss on modification or extinguishment of debt | (3) | (2) | (3) | (2) |
| Interest and dividend income | 9 | 13 | 18 | 27 |
| Total other expense | (196) | (196) | (389) | (390) |
| Net income | $570 | $622 | $1,252 | $2,557 |
| Basic and diluted net income per common unit (1) | $0.95 | $0.84 | $2.13 | $4.35 |
| Weighted average basic and diluted number of common units outstanding | 484.0 | 484.0 | 484.0 | 484.0 |
(1)In computing basic and diluted net income per common unit, net income is reduced by the amount of undistributed net income allocated to participating securities other than common units, as required under the two-class method. See Note 11—Net Income per Common Unit.
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