Cheniere Energy Partners, L.P. (CQP) Friday reported net income of $682 million or $1.18 per share for the first quarter, significantly lower than $1.935 billion or $3.50 per share in the same quarter a year ago, primarily impacted by an unfavorable change in fair value of derivative instruments.
The company had a gain from changes in fair value of commodity derivatives of $43 million in the latest quarter, compared with $1.270 billion in the previous-year period.
Revenue for the quarter declined to $2.295 billion from $2.917 billion in the previous year.
On average, 11 analysts polled by Thomson-Reuters expected the company to report earnings of $0.97 per share on revenue of $2.21 billion for the quarter. Analysts' estimates typically exclude special items.
For the full-year, the company has reaffirmed its distribution guidance of $3.15 - $3.35 per common unit.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.