Cheniere Partners Holdings Declares Quarterly Dividend
May 08 2018 - 4:30PM
Business Wire
Cheniere Energy Partners LP Holdings, LLC (“Cheniere Partners
Holdings” or the “Company”) (NYSE American: CQH) announced today
that its Board of Directors declared a quarterly cash dividend of
$0.56 per common share representing limited liability company
interest in the Company. The dividend will be payable on
May 30, 2018 to shareholders of record as of the close of
business May 21, 2018.
Cheniere Partners Holdings’ only business consists of owning
common units and subordinated units of Cheniere Energy Partners,
L.P. (“Cheniere Partners”) (NYSE American: CQP), along with other
cash or property received as distributions in respect of such
units.
Cheniere Partners Holdings’ quarterly dividend is expected to be
the amount of distributions received related to its interest in
Cheniere Partners, less reserves for general and administrative and
tax expenses. Based on Cheniere Partners Holdings’ deemed federal
net operating loss carryforward, current tax rates and market
assumptions, Cheniere Partners Holdings is expected to begin making
tax payments under a tax sharing agreement with Cheniere Energy,
Inc. (NYSE American: LNG) in the early 2020s.
About Cheniere Partners Holdings
Cheniere Partners Holdings owns an approximately 48.6% limited
partner interest in Cheniere Partners as of March 31, 2018.
Cheniere Partners Holdings’ only business consists of owning
Cheniere Partners units and, accordingly, its results of operations
and financial condition are dependent on the performance of
Cheniere Partners. Cheniere Partners is constructing and operating
natural gas liquefaction facilities at the Sabine Pass LNG
terminal. Cheniere Partners plans to construct up to six natural
gas liquefaction trains (“Trains”), which are in various stages of
development, construction, and operations. Trains 1 through 4 are
operational, Train 5 is under construction, and Train 6 is being
commercialized and has all necessary regulatory approvals in place.
Each liquefaction train is expected to have a nominal production
capacity, which is prior to adjusting for planned maintenance,
production reliability, and potential overdesign, of approximately
4.5 mtpa of LNG and an adjusted nominal production capacity of
approximately 4.3 to 4.6 mtpa of LNG. Cheniere Partners also owns
and operates regasification facilities at the Sabine Pass LNG
terminal and the Creole Trail Pipeline, which interconnects the
Sabine Pass LNG terminal with a number of large interstate
pipelines.
For additional information, please refer to the Cheniere
Partners Holdings website at www.cheniere.com and Quarterly Report
on Form 10-Q for the quarter ended March 31, 2018, filed with the
Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements
of historical or present facts or conditions, included herein are
“forward-looking statements.” Included among “forward-looking
statements” are, among other things, (i) statements regarding
Cheniere Partners’ and Cheniere Partners Holdings’ business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding expectations regarding regulatory
authorizations and approvals, (iii) statements expressing beliefs
and expectations regarding the development of Cheniere
Partners’ LNG terminal and liquefaction business, (iv)
statements regarding the business operations and prospects of third
parties, (v) statements regarding potential financing arrangements,
and (vi) statements regarding future discussions and entry into
contracts. Although Cheniere Partners Holdings believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere Partners
Holdings’ actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners
Holdings’ periodic reports that are filed with and available from
the Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required under the
securities laws, Cheniere Partners Holdings does not assume a duty
to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180508006438/en/
Cheniere Energy Partners LP Holdings, LLCInvestors:Randy Bhatia, 713-375-5479Megan Light,
713-375-5492orMedia:Eben
Burnham-Snyder, 713-375-5764
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