Cheniere Energy Partners, L.P.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
CQP$58.70+2.3%Stored close · as of Nov 9, 2026
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)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| LNG revenues | $8,200 | $6,550 | $6,991 |
| LNG revenues—affiliate | 2,358 | 1,954 | 2,475 |
| Regasification revenues | 136 | 135 | 135 |
| Other revenues | 64 | 65 | 63 |
| Total revenues | 10,758 | 8,704 | 9,664 |
| Operating costs and expenses | |||
| Cost of sales (excluding operating and maintenance expense and depreciation and amortization expense shown separately below) | 5,145 | 3,570 | 2,721 |
| Cost of sales—affiliate | — | 4 | 22 |
| Operating and maintenance expense | 904 | 824 | 879 |
| Operating and maintenance expense—affiliate | 177 | 172 | 166 |
| Operating and maintenance expense—related party | 28 | 58 | 62 |
| General and administrative expense | 12 | 10 | 10 |
| General and administrative expense—affiliate | 93 | 90 | 89 |
| Depreciation and amortization expense | 688 | 680 | 672 |
| Other operating costs and expenses | 4 | 14 | 6 |
| Other operating costs and expenses—affiliate | 1 | 2 | 1 |
| Total operating costs and expenses | 7,052 | 5,424 | 4,628 |
| Income from operations | 3,706 | 3,280 | 5,036 |
| Other income (expense) | |||
| Interest expense, net of capitalized interest | (753) | (800) | (823) |
| Loss on modification or extinguishment of debt | (8) | (3) | (6) |
| Interest and dividend income | 18 | 33 | 46 |
| Other income, net | — | — | 1 |
| Other income—affiliate | 24 | — | — |
| Total other expense | (719) | (770) | (782) |
| Net income | $2,987 | $2,510 | $4,254 |
| Basic and diluted net income per common unit (1) | $5.17 | $4.25 | $6.95 |
| Weighted average basic and diluted number of common units outstanding | 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 14—Net Income per Common Unit.
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