| Address:
|
700 MILAM ST.
SUITE 800 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77002 |
| Telephone: |
713-375-5000 |
|
Description of Business
|
Primary SIC Code:
4924 |
| (As filed with the SEC)
|
|
|
We are a Delaware limited partnership formed by Cheniere Energy, Inc.
("Cheniere"). Through our wholly-owned subsidiary, Sabine Pass LNG, L.P.
("Sabine Pass LNG"), we own and operate the Sabine Pass LNG receiving terminal
located in western Cameron Parish, Louisiana on the Sabine Pass Channel.
In March and April 2007, we and Cheniere LNG Holdings, LLC ("Holdings"), a
wholly-owned subsidiary of Cheniere, as a selling untiholder, completed a public
offering of 15,525,000 of our common units (the "Offering"). We received $98.4
million of net proceeds, after deducting the underwriting discount and
structuring fees, upon issuance of 5,054,164 common units to the public in the
Offering. We invested the $98.4 million of net proceeds that we received from
the Offering in U.S. Treasury securities to fund a distribution reserve. As part
of the Offering, Holdings, as a selling unitholder, received $203. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | 1.50 | 0.425 | 11.37 | | 03/2010 | 1.41 | 0.425 | 11.62 | | 12/2009 | 1.13 | 0.425 | 11.42 | | 09/2009 | 0.60 | 0.425 | 16.25 | | 06/2009 | 0.10 | 0.425 | 73.70 | | 03/2009 | -0.31 | 0.425 | N/E | | 12/2008 | -0.48 | 0.425 | N/E | | 09/2008 | -0.40 | 0.425 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.39 | Total Liab/Total Assets | 1.26 | | Net Inc/Total Assets | 0.10 | Total Liab/Inv Cap | 1.34 | | Net Inc/Inv Cap | 0.11 | Total Liab/Comm Equity | 4.87 | | Pretax Inc/Net Sales | 0.45 | Interest Coverage Ratio | 2.27 | | Net Inc/Net Sales | 0.45 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.56 | LTD/Equity | NA | | SG&A/NetSales | 0.13 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 44.61 | Quick Ratio | 1.32 | | Inventory Turnover | NA | Current Ratio | 1.32 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.09 | | Net Sales/Work Cap | 11.16 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.26 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
129.76
|
130.78
|
130.01
|
128.53
|
|
Cost of Goods Sold
|
-5.39
|
5.39
|
NA
|
NA
|
|
Selling & Admin Exps
|
21.73
|
12.88
|
16.11
|
13.26
|
|
Operating Income
|
101.98
|
101.74
|
103.87
|
106.37
|
|
Interest Exp
|
43.65
|
43.48
|
42.83
|
38.09
|
|
Pretax Income
|
58.37
|
58.82
|
61.87
|
69.50
|
|
Other Income
|
0.04
|
0.56
|
0.83
|
1.22
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
58.37
|
58.82
|
61.87
|
69.50
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
73.81
|
173.33
|
131.27
|
176.54
|
|
Receivables - Total
|
1.55
|
3.39
|
13.98
|
11.04
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
83.26
|
185.67
|
152.93
|
195.18
|
|
Net Property, Plant & Equipment
|
1,569.64
|
1,579.29
|
1,588.56
|
1,605.08
|
|
Total Assets
|
1,769.50
|
1,883.22
|
1,859.47
|
1,918.95
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
18.77
|
58.06
|
25.62
|
77.11
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
0.41
|
|
Total Current Liabilities
|
45.94
|
148.03
|
115.58
|
166.93
|
|
Long-Term Debt
|
2,185.38
|
2,194.02
|
2,183.03
|
2,181.86
|
|
Total Liabilities
|
2,272.97
|
2,374.89
|
2,339.80
|
2,390.98
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
NA
|
NA
|
NA
|
|
Retained Earnings
|
NA
|
NA
|
NA
|
NA
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities and Stockholders' Equity
|
NA
|
NA
|
NA
|
NA
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
-24.18
|
108.60
|
65.96
|
84.79
|
|
Net Cash Provided by Investing Activities
|
36.02
|
-37.57
|
0.14
|
-19.65
|
|
Net Cash Provided by Financing Activities
|
-70.17
|
-70.17
|
-70.17
|
-72.29
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2007 | 0.00 | -48.95 | -0.23 | | 12/2008 | 15.00 | -78.34 | -0.48 | | 12/2009 | 416.79 | 186.91 | 1.13 | | Growth Rates | Infinity | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 32 | 942 | 3.57 |
|
Report Date :
8/30/2010
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