Cheniere Partners Holdings Reports First Quarter 2018 Results and Raises Full Year 2018 Dividend Guidance
CHENIERE ENERGY PARTNERS LP HO (CQH)
NASDAQ:AMEX Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=252546&p=irol-irhome
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners LP Holdings, LLC (“Cheniere Partners Holdings”) (NYSE American: CQH) reported net income of $122.8 million, or $0.53 per common share, for the three months ended March 31, 2018, compared to net income of $4.5 million, or $0.02 per common share, for the comparable 2017 period. Results include the distribution received from our limited partner interests in Cheniere Energy Partners, L.P. (“Cheniere Partners”), a publicly traded limited partnership (NYSE American: CQP). The increase in net income for the three months ended March 31, 2018, compared to the three months ended March 31, 2017, was driven by increased equity income from our investment in Cheniere Partners primarily as a result of distributions being paid to our subordinated units, an increase in common units held by us subsequent to the conversion of Class B units into common units on August 2, 2017,
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