10-Q Filing

CHENIERE ENERGY PARTNERS, L.P. CIK: 1383650 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001383650-23-000028`
Period End Date	20230331
Filing Date	20230502
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	cqp-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 58 Stockholders Equity 11

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$904.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$834.00M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$160.00M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$92.00M	USD	Point-in-time
Trade and other receivables, net of current expected credit losses	`ReceivablesNetCurrent`	$627.00M	USD	Point-in-time
Trade and other receivables, net of current expected credit losses	`ReceivablesNetCurrent`	$269.00M	USD	Point-in-time
Trade receivablesaffiliate	`DueFromAffiliateCurrent`	$551.00M	USD	Point-in-time
Trade receivablesaffiliate	`DueFromAffiliateCurrent`	$263.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$157.00M	USD	Point-in-time
Advances to affiliate	`AdvancesToAffiliateCurrent`	$177.00M	USD	Point-in-time
Inventory	`InventoryNet`	$160.00M	USD	Point-in-time
Inventory	`InventoryNet`	$150.00M	USD	Point-in-time
Current derivative assets	`DerivativeAssetsCurrent`	$24.00M	USD	Point-in-time
Current derivative assets	`DerivativeAssetsCurrent`	$55.00M	USD	Point-in-time
Margin deposits	`MarginDepositAssets`	$35.00M	USD	Point-in-time
Margin deposits	`MarginDepositAssets`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$44.00M	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	-	USD	Point-in-time
Other current assetsaffiliate	`OtherCurrentAssetsRelatedParty`	$1.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.62B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.93B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$16.73B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$16.59B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$89.00M	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$87.00M	USD	Point-in-time
Debt issuance costs, net of accumulated amortization	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$8.00M	USD	Point-in-time
Debt issuance costs, net of accumulated amortization	`DebtIssuanceCostsLineOfCreditArrangementsNet`	$7.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsNoncurrent`	$28.00M	USD	Point-in-time
Derivative assets	`DerivativeAssetsNoncurrent`	$32.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$171.00M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$163.00M	USD	Point-in-time
Total assets	`Assets`	$19.63B	USD	Point-in-time
Total assets	`Assets`	$18.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.38B	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$674.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$6.00M	USD	Point-in-time
Accrued liabilitiesrelated party	`AccruedLiabilitiesRelatedParty`	$5.00M	USD	Point-in-time
Current debt, net of discount and debt issuance costs	`DebtCurrent`	-	USD	Point-in-time
Current debt, net of discount and debt issuance costs	`DebtCurrent`	$60.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$32.00M	USD	Point-in-time
Due to affiliates	`DueToAffiliateCurrent`	$74.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$144.00M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$83.00M	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	-	USD	Point-in-time
Deferred revenueaffiliate	`DeferredRevenueRelatedPartyCurrent`	$3.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$11.00M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$10.00M	USD	Point-in-time
Current derivative liabilities	`DerivativeLiabilitiesCurrent`	$400.00M	USD	Point-in-time
Current derivative liabilities	`DerivativeLiabilitiesCurrent`	$769.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35B	USD	Point-in-time
Long-term debt, net of premium, discount and debt issuance costs	`LongTermDebtNoncurrent`	$16.14B	USD	Point-in-time
Long-term debt, net of premium, discount and debt issuance costs	`LongTermDebtNoncurrent`	$16.20B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$80.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$78.00M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$18.00M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$17.00M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.16B	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.02B	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$22.00M	USD	Point-in-time
Other non-current liabilitiesaffiliate	`OtherNonCurrentLiabilitiesRelatedParty`	$23.00M	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2023 and December 31, 2022)	`CommonUnitholdersEquity`	$-1.12B	USD	Point-in-time
Common unitholders interest (484.0 million units issued and outstanding at both March 31, 2023 and December 31, 2022)	`CommonUnitholdersEquity`	$261.00M	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at both March 31, 2023 and December 31, 2022)	`GeneralPartnersCapitalAccount`	$-1.21B	USD	Point-in-time
General partners interest (2% interest with 9.9 million units issued and outstanding at both March 31, 2023 and December 31, 2022)	`GeneralPartnersCapitalAccount`	$-1.01B	USD	Point-in-time
Total partners deficit	`PartnersCapital`	$718.00M	USD	Point-in-time
Total partners deficit	`PartnersCapital`	$-950.00M	USD	Point-in-time
Total partners deficit	`PartnersCapital`	$-2.13B	USD	Point-in-time
Total partners deficit	`PartnersCapital`	$-2.23B	USD	Point-in-time
Total liabilities and partners deficit	`LiabilitiesAndStockholdersEquity`	$18.82B	USD	Point-in-time
Total liabilities and partners deficit	`LiabilitiesAndStockholdersEquity`	$19.63B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.92B	USD	1 Quarter
Revenues	`Revenues`	$3.33B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.92B	USD	1 Quarter
Revenues from contracts with customers	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.33B	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$313.00M	USD	1 Quarter
Cost of sales (excluding items shown separately below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$2.56B	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	$5.00M	USD	1 Quarter
Cost of salesaffiliate	`AffiliateCosts`	$17.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$170.00M	USD	1 Quarter
Operating and maintenance expense	`OperatingCostsAndExpenses`	$206.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$38.00M	USD	1 Quarter
Operating and maintenance expenseaffiliate	`AffiliateOperatingCostsAndExpenses`	$44.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	$12.00M	USD	1 Quarter
Operating and maintenance expenserelated party	`RelatedPartyOperatingCostsAndExpenses`	$16.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$22.00M	USD	1 Quarter
General and administrative expenseaffiliate	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$23.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$153.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$167.00M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$2.97B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$788.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$362.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.13B	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$203.00M	USD	1 Quarter
Interest expense, net of capitalized interest	`InterestExpense`	$208.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$14.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-194.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-203.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.94B	USD	1 Quarter
Net income	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted net income (loss) per common unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$3.50	USD	1 Quarter
Weighted average basic and diluted number of common units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	484.00M	shares	1 Quarter
Weighted average basic and diluted number of common units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	484.00M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.94B	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$153.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$167.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$7.00M	USD	1 Quarter
Amortization of debt issuance costs, premium and discount	`AmortizationOfFinancingCostsAndDiscounts`	$7.00M	USD	1 Quarter
Total losses (gains) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$1.26B	USD	1 Quarter
Total losses (gains) on derivative instruments, net	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-525.00M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$11.00M	USD	1 Quarter
Net cash used for settlement of derivative instruments	`GainLossOnSaleOfDerivatives`	$9.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-6.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-4.00M	USD	1 Quarter
Trade and other receivables, net of current expected credit losses	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-358.00M	USD	1 Quarter
Trade and other receivables, net of current expected credit losses	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-88.00M	USD	1 Quarter
Trade receivablesaffiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-288.00M	USD	1 Quarter
Trade receivablesaffiliate	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$74.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$-18.00M	USD	1 Quarter
Advances to affiliate	`IncreaseDecreaseInAdvancesToAffiliate`	$8.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-10.00M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-25.00M	USD	1 Quarter
Margin deposits	`IncreaseDecreaseInMarginDepositsOutstanding`	$-35.00M	USD	1 Quarter
Margin deposits	`IncreaseDecreaseInMarginDepositsOutstanding`	$-25.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.00M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-617.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	$-2.00M	USD	1 Quarter
Accrued liabilitiesrelated party	`IncreaseDecreaseInAccruedLiabilitiesRelatedParties`	$1.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-20.00M	USD	1 Quarter
Due to affiliates	`IncreaseDecreaseInDueToAffiliates`	$-40.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-39.00M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-61.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-18.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$49.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$4.00M	USD	1 Quarter
Other, netaffiliate	`IncreaseDecreaseInOtherOperatingActivitiesAffiliate`	$1.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$800.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$847.00M	USD	1 Quarter
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.00M	USD	1 Quarter
Property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$5.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-94.00M	USD	1 Quarter
Distributions	`PaymentsOfCapitalDistribution`	$395.00M	USD	1 Quarter
Distributions	`PaymentsOfCapitalDistribution`	$754.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-755.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-395.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$318.00M	USD	1 Quarter
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$996.00M	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$994.00M	USD	Point-in-time
Cash, Cash Equivalentsbeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$974.00M	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$996.00M	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.29B	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$994.00M	USD	Point-in-time
Cash, Cash Equivalentsend of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$974.00M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Partners' equity, beginning of period	`PartnersCapital`	$718.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$-950.00M	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$-2.13B	USD	Point-in-time
Partners' equity, beginning of period	`PartnersCapital`	$-2.23B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$1.94B	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$159.00M	USD	1 Quarter
Partners Capital Account Distributions, Non-Cash	`PartnersCapitalAccountDistributionsNonCash`	$2.71B	USD	1 Quarter
Partners' equity, end of period	`PartnersCapital`	$718.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$-950.00M	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$-2.13B	USD	Point-in-time
Partners' equity, end of period	`PartnersCapital`	$-2.23B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.