01—Abstract
Summary
Summary of the 8-K filed April 28, 2026. Cited figures are marked; the original filing is the authoritative source.
Cheniere Energy Partners, L.P.
(NYSE: CQP) reported in an Item 8.01 Current Report filed April 28, 2026 that its board declared a quarterly cash distribution of $0.790a per common unit. The distribution is payable May 15, 2026 to unitholders of record as of May 8, 2026, and is comprised of a base amount of $0.775 and a variable amount of $0.015, along with a related distribution to the general partner. The accompanying press release (Exhibit 99.1) also includes tax notices for nominees and foreign investors.
It states that publicly traded partnerships that earn effectively connected net income are generally required to withhold US income tax from distributions paid to foreign persons. The release says 100 percent of the Partnership's distributions to foreign investors are attributable to income effectively connected with a US trade or business and are subject to federal income tax withholding at the highest applicable effective tax rate, and that 100 percent of such distributions exceed cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii).
The release describes the Partnership as owning the Sabine Pass LNG terminal in Cameron Parish, Louisiana, with liquefaction capacity of over 30 million tonnes per annum, five LNG storage tanks, vaporizers, three marine berths, and the Creole Trail Pipeline. The filing itself contains no financial statements, and its primary investor-relevant content is the distribution declaration and the withholding tax disclosure.
02—Key points
Key Highlights
- Declared quarterly cash distribution of $0.790 per common unit, payable May 15, 2026.
- Record date for the distribution is May 8, 2026.
- The $0.790 distribution consists of a base amount of $0.775 and a variable amount of $0.015 per common unit.
- A related distribution to the general partner was also declared.
- The release states that 100 percent of distributions to foreign investors are effectively connected with a US trade or business and subject to federal income tax withholding at the highest applicable effective tax rate.
- The release provides qualified notice to nominees under Treasury Regulations 1.1446-4 and 1.446(f)-4, making nominees withholding agents for distributions received on behalf of foreign investors.
- The Sabine Pass LNG terminal has liquefaction capacity of over 30 million tonnes per annum of LNG.
03—Questions
Frequently Asked Questions
What distribution did Cheniere Energy Partners declare and when is it payable?
The Partnership declared a quarterly cash distribution of $0.790 per common unit, payable on May 15, 2026 to unitholders of record as of May 8, 2026.
How is the $0.790 distribution composed?
The distribution is comprised of a base amount equal to $0.775 and a variable amount equal to $0.015 per common unit.
Are distributions to foreign investors subject to US tax withholding?
Yes. The press release states that publicly traded partnerships are generally required to withhold US income tax from distributions paid to foreign persons, and that 100 percent of distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Who is responsible for withholding on distributions held through intermediaries?
The press release states that nominees are treated as withholding agents responsible for withholding distributions they receive on behalf of foreign investors.
What assets does Cheniere Energy Partners own?
According to the press release, the Partnership owns the Sabine Pass LNG terminal in Cameron Parish, Louisiana, which has liquefaction capacity of over 30 million tonnes per annum, five LNG storage tanks, vaporizers, and three marine berths, as well as the Creole Trail Pipeline.
04—Continue