Let's talk about three dividends averaging 12%. I bring them up because everyone on Wall Street hates them.
Cheniere Partners' (CQP) Q2 earnings gain from higher LNG volumes loaded, partially offset by the higher cost of sales.
Cheniere Energy Partners, L.P. (NYSE:CQP ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Randy Bhatia - Vice President of Investor Relations Jack Fusco - President and Chief Executive Officer Anatol Feygin - Executive Vice President and Chief Commercial Officer Zach Davis - Executive Vice President and Chief Financial Officer Conference Call Participants Theresa Chen - Barclays Capital, Inc. Jeremy Tonet - JPMorgan Chase & Co. John Mackay - Goldman Sachs Group Benjamin Nolan - Stifel, Nicolaus & Company Keith Stanley - Wolfe Research Craig Shere - Tuohy Brothers Zack Van Everen - TPH Michael Blum - Wells Fargo Manav Gupta - UBS Alexander Bidwell - Webber Research Operator Good day, and welcome to the Cheniere Energy Second Quarter 2024 Earnings Call and Webcast.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 350 | $22,620.5 | $22,438.5 | -$182 | -0.8% |
Jeff Ameen Spire Wealth Management | 4,895 | $256,900.86 | $315,580.65 | $58,679.79 | 22.84% |
| RH Rick Hurley Heirloom Wealth Management | 19,500 | $1.26M | $1.24M | -$18,135 | -1.44% |
Bobby Adusumilli SJS Investment Consulting Inc. | 67 | $3,515.75 | $4,198.22 | $682.47 | 19.41% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 10 | $660.4 | $627 | -$33.4 | -5.06% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TC Theresa Chen Barclays | -402.06 | $25,000 | $25,000 | - | - |
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Jack A. Fusco CEO | NYSE Exchange | 16411Q101 CUSIP |
| US Country | 1,530 Employees | 15 May 2026 Last Dividend | - Last Split | - IPO Date |
Cheniere Energy Partners, L.P., a subsidiary of Cheniere Energy, Inc., plays a significant role in the global energy market by providing liquefied natural gas (LNG) internationally. Founded in 2003 and based in Houston, Texas, the company operates primarily through its notable natural gas liquefaction and export facility located at the Sabine Pass LNG Terminal in Cameron Parish, Louisiana. This strategic operation enables Cheniere Energy Partners to supply LNG to a diverse range of customers, including integrated energy companies, utilities, and energy trading companies across the globe.
Cheniere Energy Partners specializes in the liquefaction and international supply of natural gas. By converting natural gas into LNG, the company facilitates the efficient and safe transportation of this energy source to various parts of the world. This service caters to the needs of integrated energy companies, utilities, and energy trading companies, providing them with a reliable source of natural gas.
At the heart of its operations, the company owns and operates a state-of-the-art natural gas liquefaction and export facility at the Sabine Pass LNG Terminal. This facility is critical for the processing and liquefaction of natural gas, preparing it for export and international distribution. The operation of this facility underscores Cheniere Energy Partners' capability in managing a critical component of the global LNG supply chain.
To further facilitate the delivery of natural gas to the Sabine Pass LNG terminal, Cheniere Energy Partners also owns a supply pipeline. This pipeline interconnects the terminal with various interstate pipelines, ensuring a consistent and reliable flow of natural gas for liquefaction and subsequent export. This infrastructure component plays a crucial role in securing the upstream supply chain essential for sustained LNG production and delivery.