Zeitungsständer (Symbolbild).
Dienstag, 14.11.2017 14:05 von

Cheniere Partners Reports Third Quarter 2017 Results, Revises 2017 Guidance and Provides Full Year 2018 Distribution Guidance

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PR Newswire

HOUSTON, Nov. 14, 2017 /PRNewswire/ --

Summary of Third Quarter 2017 Results (in millions, except LNG data)


Three Months Ended

Nine Months Ended


September 30,

September 30,


2017


ARIVA.DE Börsen-Geflüster

Kurse


2016


2017


2016

Revenues

$

903


$

331


$

2,786


$

549

Net income (loss)

$

23


$

(82)


$

116


$

(257)

Adjusted EBITDA1

$

298


$

100


$

900


$

164

LNG exported:








Number of cargoes

44


18


135


33

Volumes (TBtu)

160


62


482


114

LNG volumes loaded (TBtu)

162


61


483


114

Revised 2017 Full Year Distribution Guidance


2017

Distribution per Unit

$

1.73

-

$

1.80

2018 Full Year Distribution Guidance


2018

Distribution per Unit

$

2.00

-

$

2.20

Recent Achievements

Strategic

  • As of October 31, 2017, more than 200 cumulative LNG cargoes had been produced, loaded, and exported from the SPL Project (defined below), with deliveries completed to 25 countries worldwide. Sabine Pass Liquefaction, LLC has successfully fulfilled its obligations to the foundation customers of Trains 1-3 and provided LNG to the marketing function of Cheniere Energy, Inc.

Operational

  • Substantial completion of Train 4 of the SPL Project was achieved in October 2017, more than five months ahead of the guaranteed completion date.
  • LNG production operations at the SPL Project continued uninterrupted during Hurricane Harvey.

Financial

  • In August 2017, the Date of First Commercial Delivery ("DFCD") relating to Train 2 of the SPL Project was reached under the respective 20-year Sale and Purchase Agreements ("SPAs") with Gas Natural Fenosa LNG GOM, Limited and BG Gulf Coast LNG, LLC.
  • In September 2017, we issued an aggregate principal amount of $1.5 billion of 5.250% Senior Notes due 2025 ("the 2025 CQP Senior Notes"). Net proceeds of the offering, after deducting commissions, fees and expenses, were used to prepay a portion of the outstanding indebtedness under our credit facilities.
  • In September 2017, Moody's Investors Service, S&P Global Ratings and Fitch Ratings assigned ratings of Ba2 / BB / BB, respectively to the 2025 CQP Senior Notes.

Liquefaction Project Update


SPL Project

Liquefaction Train

Trains 1-3

Train 4

Train 5

Train 6

Project Status

Operational

Operational

Under Construction

Permitted

Expected Substantial Completion

Complete

Complete

2H 2019

Expected DFCD Window

Start

Complete

1H 2018

2H 2019









Construction operations at the SPL Project have returned to productivity levels achieved prior to Hurricane Harvey.

__________________________

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