Cheniere Energy Partners, L.P. (NYSE Amex: CQP) on April 20 declared (i) a cash distribution per common unit of $0.425 ($1.70 annualized) to unitholders of record as of May 2, and (ii) the related distribution to its general partner. All distributions are payable on May 13.
For the quarter ended March 31, 2011, Cheniere Energy Partners, L.P. reported a net loss of $2.2 million, or $(0.01) per common unit, compared with net income of $58.8 million, or $0.36 per common unit, for the same period in 2010.
For the quarter ended March 31, affiliate revenues decreased $59.2 million, primarily as a result of the assignment of the terminal use agreement (TUA) from Cheniere Marketing, LLC to Cheniere Energy Investments, LLC, a wholly owned subsidiary.
Cheniere Partners reported income from operations of $41.1 million for the quarter ended March 31, compared to income from operations of $101.7 million for the comparable 2010 period.
Total revenues for the quarter ended March 31 were $74.5 million compared to revenues of $130.8 million for the comparable 2010 period. Revenues primarily include capacity payments received from customers and incremental revenues from tug services and re-export fees.
Revenues from affiliates for the quarter ended March 31 decreased by $59.2 million when compared to the comparable 2010 period due to the assignment of Cheniere Marketing's TUA to Cheniere Investments, partially offset by revenues from the variable capacity rights agreement (VCRA) with Cheniere Marketing.
No comments:
Post a Comment