EXHIBIT 99.1

CHENIERE ENERGY PARTNERS, L.P. NEWS RELEASE
Cheniere Partners Reports Second Quarter 2024 Results and Reconfirms Full Year 2024 Distribution Guidance
HOUSTON--(BUSINESS WIRE)-- Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE: CQP) today announced its financial results for second quarter 2024.
HIGHLIGHTS
•During the three and six months ended June 30, 2024, Cheniere Partners generated revenues of $1.9 billion and $4.2 billion, net income of $570 million and $1.3 billion, and Adjusted EBITDA1 of $832 million and $1.8 billion, respectively.
•With respect to the second quarter of 2024, Cheniere Partners declared a cash distribution of $0.810 per common unit to unitholders of record as of August 7, 2024, comprised of a base amount equal to $0.775 and a variable amount equal to $0.035. The common unit distribution and the related general partner distribution will be paid on August 14, 2024.
•Reconfirming full year 2024 distribution guidance of $3.15 - $3.35 per common unit, maintaining a base distribution of $3.10 per common unit.
•In May 2024, Moody’s Corporation upgraded its issuer credit ratings of Cheniere Partners and Sabine Pass Liquefaction, LLC (“SPL”) from Ba1 and Baa2, respectively, to Baa2 and Baa1, respectively, each with a stable outlook. With these ratings upgrades, both entities are now investment grade rated by Moody’s Corporation, S&P Global Ratings and Fitch Ratings.

2024 FULL YEAR DISTRIBUTION GUIDANCE
2024
Distribution per Unit$3.15 -$3.35 

SUMMARY AND REVIEW OF FINANCIAL RESULTS
(in millions, except LNG data)Three Months Ended June 30,Six Months Ended June 30,
 20242023% Change20242023% Change
Revenues$1,894 $1,933 (2)%$4,189 $4,850 (14)%
Net income$570 $622 (8)%$1,252 $2,557 (51)%
Adjusted EBITDA1
$832 $757 10 %$1,832 $1,783 3 %
LNG exported:
Number of cargoes103 98 5 %217 210 3 %
Volumes (TBtu)373 355 5 %791 758 4 %
LNG volumes loaded (TBtu)372 353 5 %789 756 4 %
Net income decreased approximately $52 million and $1.3 billion during the three and six months ended June 30, 2024, respectively, as compared to the corresponding 2023 periods, respectively. The decreases were primarily attributable to approximately $126 million and $1.4 billion of unfavorable variances due to gains of $104 million and $147 million for the three and six months ended June 30, 2024, as compared to gains of $230 million and
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1 Non-GAAP financial measure. See “Reconciliation of Non-GAAP Measures” for further details.

$1.5 billion in the corresponding 2023 periods, respectively, related to changes in fair value of our derivative instruments (further described below).
Adjusted EBITDA1 increased by approximately $75 million and $49 million during the three and six months ended June 30, 2024, respectively, as compared to the corresponding 2023 periods. The increases were primarily due to higher volumes delivered, as well as lower operating and maintenance expenses, and were partially offset by lower gross margins per MMBtu of LNG delivered compared to the prior period.
A significant portion of the derivative gains (losses) are attributable to the recognition at fair value of our long-term Integrated Production Marketing (“IPM”) agreements, natural gas supply contracts with pricing indexed to international gas and LNG prices. Our IPM agreements are structured to provide stable margins on purchases of natural gas and sales of LNG over the life of the agreements and have a fixed fee component, similar to that of LNG sold under our long-term, fixed fee LNG sale and purchase agreements. However, the long-term duration and international price basis of our IPM agreements make them particularly susceptible to fluctuations in fair market value from period to period. In addition, accounting requirements prescribe recognition of these long-term gas supply agreements at fair value each reporting period on a mark-to-market basis, but do not currently permit mark-to-market recognition of the associated sale of LNG, resulting in a mismatch of accounting recognition for the purchase of natural gas and sale of LNG. As a result of continued moderation of international gas price volatility and changes in international forward commodity curves during the three and six months ended June 30, 2024, we recognized approximately $199 million and $205 million, respectively, of non-cash favorable changes in fair value attributable to these IPM agreements, as compared to approximately $187 million and $1.2 billion of non-cash favorable changes in fair value in the corresponding 2023 periods.
During the three and six months ended June 30, 2024, we recognized in income 372 and 789 TBtu of LNG loaded from the SPL Project (defined below).
Capital Resources
As of June 30, 2024, our total available liquidity was approximately $2.2 billion. We had cash and cash equivalents of approximately $351 million. In addition, we had current restricted cash and cash equivalents of $68 million, $1.0 billion of available commitments under the Cheniere Partners Revolving Credit Facility, and $762 million of available commitments under the SPL Revolving Credit Facility.
Recent Key Financial Transactions and Updates
In May 2024, Cheniere Partners issued $1.2 billion aggregate principal amount of 5.750% Senior Notes due 2034. In June 2024, the net proceeds, together with cash on hand, were used to retire $1.2 billion outstanding aggregate principal amount of SPL’s 5.625% Senior Secured Notes due 2025.

During the three and six months ended June 30, 2024 respectively, SPL repaid the remaining $150 million and $300 million in principal amount of its 5.750% Senior Secured Notes due 2024 with cash on hand.
SABINE PASS OVERVIEW
We own natural gas liquefaction facilities consisting of six liquefaction Trains, with a total production capacity of approximately 30 million tonnes per annum (“mtpa”) of LNG at the Sabine Pass LNG terminal in Cameron Parish, Louisiana (the “SPL Project”).
As of August 2, 2024, approximately 2,600 cumulative LNG cargoes totaling approximately 180 million tonnes of LNG have been produced, loaded, and exported from the SPL Project.


SPL Expansion Project
We are developing an expansion adjacent to the SPL Project with an expected total production capacity of up to approximately 20 mtpa of LNG (the “SPL Expansion Project”), inclusive of estimated debottlenecking opportunities. In February 2024, certain of our subsidiaries submitted an application to the FERC for authorization to site, construct and operate the SPL Expansion Project, as well as an application to the DOE requesting authorization to export LNG to Free-Trade Agreement (“FTA”) and non-FTA countries, both of which applications exclude debottlenecking.
DISTRIBUTIONS TO UNITHOLDERS
In July 2024, we declared a cash distribution of $0.810 per common unit to unitholders of record as of August 7, 2024, comprised of a base amount equal to $0.775 ($3.10 annualized) and a variable amount equal to $0.035, which takes into consideration, among other things, amounts reserved for annual debt repayment and capital allocation goals, anticipated capital expenditures to be funded with cash, and cash reserves to provide for the proper conduct of the business. The common unit distribution and the related general partner distribution will be paid on August 14, 2024.

INVESTOR CONFERENCE CALL AND WEBCAST
Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for second quarter 2024 on Thursday, August 8, 2024, at 11 a.m. Eastern time / 10 a.m. Central time. A listen-only webcast of the call and an accompanying slide presentation may be accessed through our website at www.cheniere.com. Following the call, an archived recording will be made available on our website. The call and accompanying slide presentation will include financial and operating results or other information regarding Cheniere Partners.

About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of six liquefaction Trains with a total production capacity of approximately 30 mtpa of LNG. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and three marine berths. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the Securities and Exchange Commission.

Use of Non-GAAP Financial Measures
In addition to disclosing financial results in accordance with U.S. GAAP, the accompanying news release contains a non-GAAP financial measure. Adjusted EBITDA is a non-GAAP financial measure that is used to facilitate comparisons of operating performance across periods. This non-GAAP measure should be viewed as a supplement to and not a substitute for our U.S. GAAP measures of performance and the financial results calculated in accordance with U.S. GAAP, and the reconciliation from these results should be carefully evaluated.

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’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding Cheniere Partners’ anticipated quarterly distributions and ability to make quarterly distributions at the base amount or any amount, (iii) statements regarding regulatory authorization and approval expectations, (iv) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (v) statements regarding the business operations and prospects of third-parties, (vi) statements regarding potential financing arrangements, (vii) statements regarding future discussions and entry into contracts, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere Partners 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’ 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’ 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 does not assume a duty to update these forward-looking statements.



 (Financial Tables Follow)


Cheniere Energy Partners, L.P.
Consolidated Statements of Operations
(in millions, except per unit data)(1)
(unaudited)

 Three Months EndedSix Months Ended
June 30,June 30,
 2024202320242023
Revenues
LNG revenues$1,454 $1,415 $3,174 $3,521 
LNG revenues—affiliate391 469 915 1,230 
Regasification revenues34 33 68 67 
Other revenues15 16 32 32 
Total revenues1,894 1,933 4,189 4,850 
Operating costs and expenses
Cost of sales (excluding items shown separately below)661 603 1,625 916 
Cost of sales—affiliate— 1 4 18 
Operating and maintenance expense210 263 410 469 
Operating and maintenance expense—affiliate39 38 82 82 
Operating and maintenance expense—related party16 14 29 30 
General and administrative expense3 3 6 6 
General and administrative expense—affiliate23 24 45 46 
Depreciation and amortization expense170 167 338 334 
Other operating costs and expenses5 2 8 2 
Other operating costs and expenses—affiliate1 — 1 — 
Total operating costs and expenses1,128 1,115 2,548 1,903 
Income from operations766 818 1,641 2,947 
Other income (expense)
Interest expense, net of capitalized interest(202)(207)(404)(415)
Loss on modification or extinguishment of debt(3)(2)(3)(2)
Interest and dividend income9 13 18 27 
Total other expense(196)(196)(389)(390)
Net income$570 $622 $1,252 $2,557 
Basic and diluted net income per common unit(1)
$0.95 $0.84 $2.13 $4.35 
Weighted average basic and diluted number of common units outstanding484.0 484.0 484.0 484.0 
(1)Please refer to the Cheniere Energy Partners, L.P. Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the Securities and Exchange Commission.






Cheniere Energy Partners, L.P.
Consolidated Balance Sheets
(in millions, except unit data) (1)
June 30,December 31,
20242023
ASSETS(unaudited) 
Current assets
Cash and cash equivalents$351 $575 
Restricted cash and cash equivalents68 56 
Trade and other receivables, net of current expected credit losses286 373 
Trade receivables—affiliate144 278 
Advances to affiliate122 84 
Inventory144 142 
Current derivative assets18 30 
Other current assets, net94 43 
Other current assets—affiliate1 — 
Total current assets1,228 1,581 
Property, plant and equipment, net of accumulated depreciation15,995 16,212 
Operating lease assets80 81 
Derivative assets26 40 
Other non-current assets, net186 188 
Total assets$17,515 $18,102 
LIABILITIES AND PARTNERS’ DEFICIT  
Current liabilities  
Accounts payable$51 $69 
Accrued liabilities673 806 
Accrued liabilities—related party4 5 
Current debt, net of unamortized debt issuance costs798 300 
Due to affiliates37 55 
Deferred revenue78 114 
Deferred revenue—affiliate— 3 
Current derivative liabilities235 196 
Other current liabilities10 18 
Total current liabilities1,886 1,566 
Long-term debt, net of unamortized discount and debt issuance costs14,803 15,606 
Operating lease liabilities78 71 
Finance lease liabilities70 14 
Derivative liabilities1,319 1,531 
Other non-current liabilities93 75 
Other non-current liabilities—affiliate22 23 
Total liabilities18,271 18,886 
Partners’ deficit
Common unitholders’ interest (484.0 million units issued and outstanding at both June 30, 2024 and December 31, 2023)1,372 1,038 
General partner’s interest (2% interest with 9.9 million units issued and outstanding at both June 30, 2024 and December 31, 2023)(2,128)(1,822)
Total partners’ deficit(756)(784)
Total liabilities and partners’ deficit$17,515 $18,102 
(1)Please refer to the Cheniere Energy Partners, L.P. Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the Securities and Exchange Commission.


Reconciliation of Non-GAAP Measures
Regulation G Reconciliations
Adjusted EBITDA
The following table reconciles our Adjusted EBITDA to U.S. GAAP results for the three and six months ended June 30, 2024 and 2023 (in millions):
Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Net income$570 $622 $1,252 $2,557 
Interest expense, net of capitalized interest202 207 404 415 
Loss on modification or extinguishment of debt3 2 3 2 
Interest and dividend income(9)(13)(18)(27)
Income from operations$766 $818 $1,641 $2,947 
Adjustments to reconcile income from operations to Adjusted EBITDA:
Depreciation and amortization expense170 167 338 334 
Gain from changes in fair value of commodity derivatives, net (1)
(104)(230)(147)(1,500)
Other— 2 — 2 
Adjusted EBITDA$832 $757 $1,832 $1,783 
(1) Change in fair value of commodity derivatives prior to contractual delivery or termination
Adjusted EBITDA is commonly used as a supplemental financial measure by our management and external users of our Consolidated Financial Statements to assess the financial performance of our assets without regard to financing methods, capital structures, or historical cost basis. Adjusted EBITDA is not intended to represent cash flows from operations or net income as defined by U.S. GAAP and is not necessarily comparable to similarly titled measures reported by other companies.
We believe Adjusted EBITDA provides relevant and useful information to management, investors and other users of our financial information in evaluating the effectiveness of our operating performance in a manner that is consistent with management’s evaluation of financial and operating performance.
Adjusted EBITDA is calculated by taking net income before interest expense, net of capitalized interest, depreciation and amortization, and adjusting for the effects of certain non-cash items, other non-operating income or expense items and other items not otherwise predictive or indicative of ongoing operating performance, including the effects of modification or extinguishment of debt, impairment expense and loss on disposal of assets, and changes in the fair value of our commodity derivatives prior to contractual delivery or termination. The change in fair value of commodity derivatives is considered in determining Adjusted EBITDA given that the timing of recognizing gains and losses on these derivative contracts differs from the recognition of the related item economically hedged. We believe the exclusion of these items enables investors and other users of our financial information to assess our sequential and year-over-year performance and operating trends on a more comparable basis and is consistent with management’s own evaluation of performance.


Contacts
Cheniere Partners
Investors
Randy Bhatia713-375-5479
Frances Smith713-375-5753
Media Relations
Eben Burnham-Snyder
713-375-5764
Bernardo Fallas713-375-5593