Cheniere Partners Holdings Declares Quarterly Dividend
August 10 2018 - 8:30AM
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
August 28, 2018 to shareholders of record as of the close of
business August 20, 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 June 30, 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 undergoing commissioning, 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 million tonnes per annum (“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 June 30, 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,
(vi) statements regarding future discussions and entry into
contracts, and (vii) statements regarding the anticipated tax
payments under a tax sharing agreement with Cheniere Energy, Inc.
and the timing thereof. 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/20180810005070/en/
Cheniere Energy Partners LP Holdings, LLCInvestorsRandy Bhatia, 713-375-5479Megan Light,
713-375-5492orMedia RelationsEben
Burnham-Snyder, 713-375-5764
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