Cheniere Energy Partners LP (Cheniere Energy Partners LP) Interest Expense : $-817 Mil (TTM As of Mar. 2024)

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What is Cheniere Energy Partners LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cheniere Energy Partners LP's interest expense for the three months ended in Mar. 2024 was $ -202 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-817 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Cheniere Energy Partners LP's Operating Income for the three months ended in Mar. 2024 was $ 875 Mil. Cheniere Energy Partners LP's Interest Expense for the three months ended in Mar. 2024 was $ -202 Mil. Cheniere Energy Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 was 4.33. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cheniere Energy Partners LP Interest Expense Historical Data

The historical data trend for Cheniere Energy Partners LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cheniere Energy Partners LP Interest Expense Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-885.00

-909.00

-831.00

-870.00

-823.00

Cheniere Energy Partners LP Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-208.00	-207.00	-205.00	-203.00	-202.00

Cheniere Energy Partners LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-817 Mil.

Cheniere Energy Partners LP (NYSE:CQP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Cheniere Energy Partners LP's Interest Expense for the three months ended in Mar. 2024 was $-202 Mil. Its Operating Income for the three months ended in Mar. 2024 was $875 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $13,698 Mil.

Cheniere Energy Partners LP's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	875	/	-202
	=	4.33

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Cheniere Energy Partners LP interest coverage is 4.63, which is low.

Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154