01—Abstract
Summary
Summary of the 8-K filed April 29, 2025. Cited figures are marked; the original filing is the authoritative source.
Cheniere Energy Partners, L.P.
(NYSE: CQP) filed a Current Report on Form 8-K on April 29, 2025 to disclose that it declared a quarterly cash distribution of $0.820a per common unit. The distribution is payable on May 15, 2025 to unitholders of record as of May 9, 2025. The distribution comprises a base amount of $0.775 and a variable amount of $0.045 per common unit, as stated in the accompanying press release.
The filing attaches Exhibit 99.1, a press release dated April 29, 2025, titled "Cheniere Partners Declares Quarterly Distributions," which also declares the related distribution to the general partner. The press release includes tax notices for nominees and foreign investors. It states that 100 percent of the partnership's distributions to foreign investors are effectively connected with a U.S. trade or business and are subject to federal income tax withholding at the highest applicable effective tax rate.
The press release describes the partnership's business: it owns the Sabine Pass LNG terminal in Cameron Parish, Louisiana, with liquefaction capacity of approximately 30 million tonnes per annum and five LNG storage tanks, vaporizers, and three marine berths, along with the Creole Trail Pipeline. The filing itself contains no financial statements or operating results for the period.
02—Key points
Key Highlights
- Quarterly cash distribution of $0.820 per common unit declared on April 29, 2025.
- Distribution is composed of a base amount of $0.775 and a variable amount of $0.045 per common unit.
- Payment date is May 15, 2025, for unitholders of record as of May 9, 2025.
- A related distribution to the general partner was also declared.
- All distributions to foreign investors are treated as effectively connected with a U.S. trade or business and subject to federal income tax withholding at the highest applicable effective tax rate.
- Sabine Pass LNG terminal has liquefaction capacity of approximately 30 million tonnes per annum.
- The filing contains no financial statements; it covers the distribution declaration and related press release only.
03—Questions
Frequently Asked Questions
What distribution did Cheniere Energy Partners declare?
The partnership declared a quarterly cash distribution of $0.820 per common unit, comprising a base amount of $0.775 and a variable amount of $0.045 per common unit.
When will the distribution be paid and who is eligible?
The distribution is payable on May 15, 2025 to unitholders of record as of May 9, 2025.
Are distributions to foreign investors subject to withholding?
Yes. The press release states that 100 percent of distributions to foreign investors are attributable to income effectively connected with a U.S. trade or business and are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents.
What assets does Cheniere Energy Partners own?
The partnership owns the Sabine Pass LNG terminal in Cameron Parish, Louisiana, which has liquefaction capacity of approximately 30 million tonnes per annum, five LNG storage tanks, vaporizers, and three marine berths, and the Creole Trail Pipeline, which interconnects the terminal with interstate and intrastate pipelines.
04—Continue