$CQP
Cheniere Energy Partners, L.P. Stock $cqp

$cqp Overview Financials Valuation SEC Filings Company Website

2018 Form 10-K Financial Statement

#000138365019000005 Filed on February 26, 2019

Income Statement

Concept	2018	2017 Q4	2017 Q3
Revenue	$6.426B	$1.518B	$903.0M
YoY Change	49.3%	175.5%	172.81%
Cost Of Revenue	$3.403B	$857.0M	$490.0M
YoY Change	46.68%	226.85%	208.18%
Gross Profit	$3.023B	$661.0M	$413.0M
YoY Change	52.37%	129.2%	140.12%
Gross Profit Margin	47.04%	43.54%	45.74%
Selling, General & Admin	$84.00M	$19.00M	$23.00M
YoY Change	-8.7%	-25.49%	-16.06%
% of Gross Profit	2.78%	2.87%	5.57%
Research & Development	$2.000M	$1.000M	$1.000M
YoY Change	-33.33%
% of Gross Profit	0.07%	0.15%	0.24%
Depreciation & Amortization	$424.0M	$100.0M	$87.00M
YoY Change	25.07%	57.23%	97.73%
% of Gross Profit	14.03%	15.13%	21.07%
Operating Expenses	$4.447B	$121.0M	$706.0M
YoY Change	41.26%	35.96%	149.47%
Operating Profit	$1.979B	$540.0M	$197.0M
YoY Change	71.19%	171.36%	310.42%
Interest Expense	$733.0M	-$171.0M	$153.0M
YoY Change	19.38%	77.57%	34.21%
% of Operating Profit	37.04%	-31.67%	77.66%
Other Income/Expense, Net	-$705.0M	$5.000M	-$174.0M
YoY Change	5.86%	900.0%	33.85%
Pretax Income	$1.274B	$374.0M	$23.00M
YoY Change	160.0%	338.45%	-128.22%
Income Tax
% Of Pretax Income
Net Earnings	$1.274B	$374.0M	$23.00M
YoY Change	160.0%	334.88%	-128.05%
Net Earnings / Revenue	19.83%	24.64%	2.55%
Basic Earnings Per Share
Diluted Earnings Per Share	$2.632M	$655.5K	$53.09K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2018	2017 Q4	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$0.00	$0.00	$0.00
YoY Change			-100.0%
Cash & Equivalents	$0.00	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$1.567B	$65.00M	$35.00M
YoY Change	-5.26%	124.14%	116.26%
Inventory	$99.00M	$95.00M	$77.00M
Prepaid Expenses
Receivables	$672.0M	$384.0M	$229.0M
Other Receivables	$18.00M	$6.000M	$18.00M
Total Short-Term Assets	$2.356B	$2.139B	$1.754B
YoY Change	10.14%	123.28%	116.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$15.39B	$15.14B	$15.10B
YoY Change	1.66%	6.93%	9.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00
YoY Change
Other Assets	$71.00M	$206.0M	$213.0M
YoY Change	-74.18%	-7.21%	-1.81%
Total Long-Term Assets	$15.62B	$15.41B	$15.44B
YoY Change	1.32%	5.69%	9.22%
TOTAL ASSETS
Total Short-Term Assets	$2.356B	$2.139B	$1.754B
Total Long-Term Assets	$15.62B	$15.41B	$15.44B
Total Assets	$17.97B	$17.55B	$17.19B
YoY Change	2.4%	12.94%	15.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.00M	$12.00M	$24.00M
YoY Change	25.0%	-55.56%	18.03%
Accrued Expenses	$821.0M	$637.0M	$419.0M
YoY Change	28.89%	52.39%	8.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Short-Term Liabilities	$1.068B	$829.0M	$637.0M
YoY Change	28.83%	-3.15%	-72.45%
LONG-TERM LIABILITIES
Long-Term Debt	$16.07B	$16.05B	$16.04B
YoY Change	0.12%	12.93%	31.52%
Other Long-Term Liabilities	$40.00M	$11.00M	$29.00M
YoY Change	2.56%		17265.27%
Total Long-Term Liabilities	$16.11B	$16.06B	$16.04B
YoY Change	0.13%	13.01%	31.52%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.068B	$829.0M	$637.0M
Total Long-Term Liabilities	$16.11B	$16.06B	$16.04B
Total Liabilities	$17.17B	$16.89B	$16.68B
YoY Change	1.54%	12.09%	14.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$800.0M	$639.0M	$485.0M
YoY Change
Total Liabilities & Shareholders Equity	$17.97B	$17.55B	$17.19B
YoY Change	2.4%	12.94%	15.05%

Cashflow Statement

Concept	2018	2017 Q4	2017 Q3
OPERATING ACTIVITIES
Net Income	$1.274B	$374.0M	$23.00M
YoY Change	160.0%	334.88%	-128.05%
Depreciation, Depletion And Amortization	$424.0M	$100.0M	$87.00M
YoY Change	25.07%	57.23%	97.73%
Cash From Operating Activities	$1.874B	$464.0M	$189.0M
YoY Change	91.81%	1010.05%	237.5%
INVESTING ACTIVITIES
Capital Expenditures	$804.0M	-$95.00M	-$297.0M
YoY Change	-37.67%	-77.96%	-55.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$804.0M	-$95.00M	-$297.0M
YoY Change	-37.67%	-77.93%	-55.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.118B	-223.0M	-12.00M
YoY Change	-186.2%	-156.0%	-101.66%
NET CHANGE
Cash From Operating Activities	$1.874B	464.0M	189.0M
Cash From Investing Activities	-$804.0M	-95.00M	-297.0M
Cash From Financing Activities	-$1.118B	-223.0M	-12.00M
Net Change In Cash	-$48.00M	146.0M	-120.0M
YoY Change	-104.88%	1420.83%	-200.84%
FREE CASH FLOW
Cash From Operating Activities	$1.874B	$464.0M	$189.0M
Capital Expenditures	$804.0M	-$95.00M	-$297.0M
Free Cash Flow	$1.070B	$559.0M	$486.0M
YoY Change	-441.85%	18.21%	-32.12%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q4	cqp	Accrued Ln Gterminalcosts AccruedLNGterminalcosts	86000000	USD
CY2018Q4	cqp	Accrued Ln Gterminalcosts AccruedLNGterminalcosts	79000000	USD
CY2017Q4	cqp	Accrued Natural Gas Purchases AccruedNaturalGasPurchases	298000000	USD
CY2018Q4	cqp	Accrued Natural Gas Purchases AccruedNaturalGasPurchases	518000000	USD
CY2017Q4	cqp	Advances And Other Asset Conveyances To Third Parties AdvancesAndOtherAssetConveyancesToThirdParties	30000000	USD
CY2018Q4	cqp	Advances And Other Asset Conveyances To Third Parties AdvancesAndOtherAssetConveyancesToThirdParties	36000000	USD
CY2017Q4	cqp	Advances Made To Municipalities AdvancesMadeToMunicipalities	93000000	USD
CY2018Q4	cqp	Advances Made To Municipalities AdvancesMadeToMunicipalities	90000000	USD
CY2017Q4	cqp	Advances Made Under Long Term Contracts AdvancesMadeUnderLongTermContracts	26000000	USD
CY2018Q4	cqp	Advances Made Under Long Term Contracts AdvancesMadeUnderLongTermContracts	14000000	USD
CY2017Q4	cqp	Advances To Affiliate Current AdvancesToAffiliateCurrent	36000000	USD
CY2018Q4	cqp	Advances To Affiliate Current AdvancesToAffiliateCurrent	228000000	USD
CY2016	cqp	Amortization Of Beneficial Conversion Feature Of Class B Units Including Prior Periods Effect AmortizationOfBeneficialConversionFeatureOfClassBUnitsIncludingPriorPeriodsEffect	0	USD
CY2016	cqp	Amortizationofbeneficialconversionfeatureof Class Bunits Dollars AmortizationofbeneficialconversionfeatureofClassBunitsDollars	0	USD
CY2017	cqp	Amortizationofbeneficialconversionfeatureof Class Bunits Dollars AmortizationofbeneficialconversionfeatureofClassBunitsDollars	0	USD
CY2017Q4	cqp	Common Unitholders Equity CommonUnitholdersEquity	1670000000	USD
CY2018Q4	cqp	Common Unitholders Equity CommonUnitholdersEquity	1806000000	USD
CY2017	cqp	Contractwith Customer Liability Additions ContractwithCustomerLiabilityAdditions	111000000	USD
CY2018	cqp	Contractwith Customer Liability Additions ContractwithCustomerLiabilityAdditions	116000000	USD
CY2017Q4	cqp	Deferred Revenue Related Party Current DeferredRevenueRelatedPartyCurrent	1000000	USD
CY2018Q4	cqp	Deferred Revenue Related Party Current DeferredRevenueRelatedPartyCurrent	1000000	USD
CY2016	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-72000000	USD
CY2017	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-67000000	USD
CY2018	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-12000000	USD
CY2016	cqp	Increase Decrease In Advances To Affiliate IncreaseDecreaseInAdvancesToAffiliate	0	USD
CY2017	cqp	Increase Decrease In Advances To Affiliate IncreaseDecreaseInAdvancesToAffiliate	12000000	USD
CY2018	cqp	Increase Decrease In Advances To Affiliate IncreaseDecreaseInAdvancesToAffiliate	84000000	USD
CY2016	cqp	Increase Decrease In Other Operating Activities Affiliate IncreaseDecreaseInOtherOperatingActivitiesAffiliate	-1000000	USD
CY2017	cqp	Increase Decrease In Other Operating Activities Affiliate IncreaseDecreaseInOtherOperatingActivitiesAffiliate	2000000	USD
CY2018	cqp	Increase Decrease In Other Operating Activities Affiliate IncreaseDecreaseInOtherOperatingActivitiesAffiliate	2000000	USD
CY2017Q4	cqp	Information Technology Service Assets InformationTechnologyServiceAssets	24000000	USD
CY2018Q4	cqp	Information Technology Service Assets InformationTechnologyServiceAssets	20000000	USD
CY2018	cqp	Lng Volume Sales Price Percentageof Henry Hub LNGVolumeSalesPricePercentageofHenryHub	1.15
CY2017Q4	cqp	Other Current Assets Related Party OtherCurrentAssetsRelatedParty	0	USD
CY2018Q4	cqp	Other Current Assets Related Party OtherCurrentAssetsRelatedParty	0	USD
CY2017Q4	cqp	Other Current Liabilities Related Party OtherCurrentLiabilitiesRelatedParty	0	USD
CY2017Q4	cqp	Other Non Current Liabilities Related Party OtherNonCurrentLiabilitiesRelatedParty	25000000	USD
CY2018Q4	cqp	Other Non Current Liabilities Related Party OtherNonCurrentLiabilitiesRelatedParty	22000000	USD
CY2016	cqp	Property Plant And Equipment Reduction For Testing Costs Recovered PropertyPlantAndEquipmentReductionForTestingCostsRecovered	201000000	USD
CY2017	cqp	Property Plant And Equipment Reduction For Testing Costs Recovered PropertyPlantAndEquipmentReductionForTestingCostsRecovered	301000000	USD
CY2018	cqp	Property Plant And Equipment Reduction For Testing Costs Recovered PropertyPlantAndEquipmentReductionForTestingCostsRecovered	94000000	USD
CY2018	cqp	Regasification Capacity RegasificationCapacity	4.0
CY2017Q4	cqp	Subordinated Unitholders Equity SubordinatedUnitholdersEquity	-1043000000	USD
CY2018Q4	cqp	Subordinated Unitholders Equity SubordinatedUnitholdersEquity	-990000000	USD
CY2017Q4	cqp	Tax Related Payments And Receivables TaxRelatedPaymentsAndReceivables	25000000	USD
CY2018Q4	cqp	Tax Related Payments And Receivables TaxRelatedPaymentsAndReceivables	17000000	USD
CY2018	dei	Amendment Flag AmendmentFlag	false
CY2018	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2018	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2018	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018	dei	Document Period End Date DocumentPeriodEndDate	2018-12-31
CY2018	dei	Document Type DocumentType	10-K
CY2018	dei	Entity Central Index Key EntityCentralIndexKey	0001383650
CY2018	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2018	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2018	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2018Q2	dei	Entity Public Float EntityPublicFloat	8800000000	USD
CY2018	dei	Entity Registrant Name EntityRegistrantName	Cheniere Energy Partners, L.P.
CY2018	dei	Entity Shell Company EntityShellCompany	false
CY2018	dei	Entity Small Business EntitySmallBusiness	false
CY2018	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2018	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	12000000	USD
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	15000000	USD
CY2017Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	185000000	USD
CY2018Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	330000000	USD
CY2017Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	163000000	USD
CY2018Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	114000000	USD
CY2017Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	637000000	USD
CY2018Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	821000000	USD
CY2016	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	30000000	USD
CY2017	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	36000000	USD
CY2018	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	30000000	USD
CY2018Q4	us-gaap	Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries	2500000000	USD
CY2017Q4	us-gaap	Assets Assets	17553000000	USD
CY2018Q4	us-gaap	Assets Assets	17974000000	USD
CY2017Q4	us-gaap	Assets Current AssetsCurrent	2139000000	USD
CY2018Q4	us-gaap	Assets Current AssetsCurrent	2356000000	USD
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	0	USD
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	0	USD
CY2015Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	434000000	USD
CY2016Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	605000000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1589000000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1541000000	USD
CY2016	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	171000000	USD
CY2017	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	984000000	USD
CY2018	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-48000000	USD
CY2016Q4	us-gaap	Cash Flow Hedges Derivative Instruments At Fair Value Net CashFlowHedgesDerivativeInstrumentsAtFairValueNet	0	USD
CY2017Q4	us-gaap	Cash Flow Hedges Derivative Instruments At Fair Value Net CashFlowHedgesDerivativeInstrumentsAtFairValueNet	0	USD
CY2018Q4	us-gaap	Cash Flow Hedges Derivative Instruments At Fair Value Net CashFlowHedgesDerivativeInstrumentsAtFairValueNet	0	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	267000000	USD
CY2017	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	273000000	USD
CY2018	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	263000000	USD
CY2016Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	78000000	USD
CY2017Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	111000000	USD
CY2018Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	116000000	USD
CY2017	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	-78000000	USD
CY2018	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	111000000	USD
CY2016	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	410000000	USD
CY2017	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2320000000	USD
CY2018	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3403000000	USD
CY2016	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	52000000	USD
CY2017	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	100000000	USD
CY2018	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	117000000	USD
CY2018Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	16250000000	USD
CY2017Q4	us-gaap	Debt Current DebtCurrent	0	USD
CY2018Q4	us-gaap	Debt Current DebtCurrent	0	USD
CY2017Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	194000000	USD
CY2018Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	184000000	USD
CY2017Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	38000000	USD
CY2018Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	13000000	USD
CY2017Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	16046000000	USD
CY2018Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	16066000000	USD
CY2017Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	111000000	USD
CY2018Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	116000000	USD
CY2016	us-gaap	Depreciation Depreciation	148000000	USD
CY2017	us-gaap	Depreciation Depreciation	331000000	USD
CY2018	us-gaap	Depreciation Depreciation	413000000	USD
CY2016	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	156000000	USD
CY2017	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	339000000	USD
CY2018	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	424000000	USD
CY2017Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	31000000	USD
CY2018Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	31000000	USD
CY2016	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	48000000	USD
CY2017	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-20000000	USD
CY2018	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-87000000	USD
CY2017Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	0	USD
CY2018Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	66000000	USD
CY2017Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	3000000	USD
CY2018Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	14000000	USD
CY2016	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	99000000	USD
CY2017	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	514000000	USD
CY2018	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	1162000000	USD
CY2017Q4	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	68000000	USD
CY2018Q4	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	49000000	USD
CY2016	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.20
CY2017Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.80
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-3.71
CY2017Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-1.10
CY2017Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.76
CY2017	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-1.32
CY2018Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.67
CY2018Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.55
CY2018Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.60
CY2018Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.69
CY2018	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	2.51
CY2018Q4	us-gaap	Entity Not Subject To Income Taxes Difference In Bases Amount EntityNotSubjectToIncomeTaxesDifferenceInBasesAmount	3400000000	USD
CY2016	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	USD
CY2017	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	USD
CY2018	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	0	USD
CY2017Q4	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2018Q4	us-gaap	Equity Method Investments EquityMethodInvestments	0	USD
CY2016	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	6000000	USD
CY2017	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	4000000	USD
CY2018	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	14000000	USD
CY2016	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	8000000	USD
CY2017	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	16000000	USD
CY2018	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-32000000	USD
CY2016	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	USD
CY2017	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	USD
CY2018	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-8000000	USD
CY2016	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	13000000	USD
CY2017	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	12000000	USD
CY2018	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11000000	USD
CY2017Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	12000000	USD
CY2018Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-16000000	USD
CY2017Q4	us-gaap	General Partners Capital Account Units Issued GeneralPartnersCapitalAccountUnitsIssued	9900000	shares
CY2018Q4	us-gaap	General Partners Capital Account Units Issued GeneralPartnersCapitalAccountUnitsIssued	9900000	shares
CY2017Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	9900000	shares
CY2018Q4	us-gaap	General Partners Capital Account Units Outstanding GeneralPartnersCapitalAccountUnitsOutstanding	9900000	shares
CY2016	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2017	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2018	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	0	USD
CY2016	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2017	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2018	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	0	USD
CY2016	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	90000000	USD
CY2017	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	101000000	USD
CY2018	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	122000000	USD
CY2016	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	167000000	USD
CY2017	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	210000000	USD
CY2018	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	183000000	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	98000000	USD
CY2017	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	62000000	USD
CY2018	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-47000000	USD
CY2016	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	42000000	USD
CY2017	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	34000000	USD
CY2018	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	3000000	USD
CY2016	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	11000000	USD
CY2017	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-42000000	USD
CY2018	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-6000000	USD
CY2016	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	58000000	USD
CY2017	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-13000000	USD
CY2018	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5000000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	7000000	USD
CY2017	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	5000000	USD
CY2018	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	12000000	USD
CY2016	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	484000000	USD
CY2017	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	288000000	USD
CY2018	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	203000000	USD
CY2016	us-gaap	Interest Costs Incurred InterestCostsIncurred	841000000	USD
CY2017	us-gaap	Interest Costs Incurred InterestCostsIncurred	902000000	USD
CY2018	us-gaap	Interest Costs Incurred InterestCostsIncurred	936000000	USD
CY2018	us-gaap	Interest Paid Net InterestPaidNet	719000000	USD
CY2017Q4	us-gaap	Interest Payable Current InterestPayableCurrent	253000000	USD
CY2016	us-gaap	Interest Expense InterestExpense	357000000	USD
CY2017	us-gaap	Interest Expense InterestExpense	614000000	USD
CY2018	us-gaap	Interest Expense InterestExpense	733000000	USD
CY2016	us-gaap	Interest Paid Net InterestPaidNet	242000000	USD
CY2017	us-gaap	Interest Paid Net InterestPaidNet	510000000	USD
CY2018Q4	us-gaap	Interest Payable Current InterestPayableCurrent	224000000	USD
CY2017Q4	us-gaap	Inventory Net InventoryNet	95000000	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	99000000	USD
CY2016	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	11000000	USD
CY2017	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	13000000	USD
CY2018	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	16000000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17553000000	USD
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17974000000	USD
CY2017Q4	us-gaap	Liabilities Current LiabilitiesCurrent	829000000	USD
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1068000000	USD
CY2017	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	0.02
CY2018	us-gaap	Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest	0.02
CY2017Q4	us-gaap	Long Term Debt LongTermDebt	16046000000	USD
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	16066000000	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	11750000000	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1500000000	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1000000000	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	2000000000	USD
CY2018Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	USD
CY2017Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	16046000000	USD
CY2018Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	16066000000	USD
CY2018Q4	us-gaap	Loss Contingency Pending Claims Number LossContingencyPendingClaimsNumber	0	item
CY2016	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2524000000	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1297000000	USD
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1118000000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2353000000	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1290000000	USD
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-804000000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	0	USD
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	977000000	USD
CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1874000000	USD
CY2016	us-gaap	Net Income Loss NetIncomeLoss	-171000000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	47000000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	46000000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	23000000	USD
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	374000000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	490000000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	335000000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	281000000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	307000000	USD
CY2018Q4	us-gaap	Net Income Loss NetIncomeLoss	351000000	USD
CY2018	us-gaap	Net Income Loss NetIncomeLoss	1274000000	USD
CY2016	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-421000000	USD
CY2017	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-666000000	USD
CY2018	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-705000000	USD
CY2018	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	unit
CY2016	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	127000000	USD
CY2017	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	292000000	USD
CY2018	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	409000000	USD
CY2016	us-gaap	Operating Expenses OperatingExpenses	850000000	USD
CY2017	us-gaap	Operating Expenses OperatingExpenses	3148000000	USD
CY2018	us-gaap	Operating Expenses OperatingExpenses	4447000000	USD
CY2016	us-gaap	Operating Income Loss OperatingIncomeLoss	250000000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	219000000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	200000000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	197000000	USD
CY2017Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	540000000	USD
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	1156000000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	508000000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	455000000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	492000000	USD
CY2018Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	524000000	USD
CY2018	us-gaap	Operating Income Loss OperatingIncomeLoss	1979000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	174000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	10000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	10000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	10000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	10000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	10000000	USD
CY2018Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	124000000	USD
CY2017Q4	us-gaap	Other Assets Current OtherAssetsCurrent	65000000	USD
CY2018Q4	us-gaap	Other Assets Current OtherAssetsCurrent	26000000	USD
CY2017Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	8000000	USD
CY2018Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	7000000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	206000000	USD
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	184000000	USD
CY2016	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	0	USD
CY2017	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2000000	USD
CY2018	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	0	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11000000	USD
CY2018Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4000000	USD
CY2016	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1000000	USD
CY2017	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-8000000	USD
CY2018	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-13000000	USD
CY2016	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2000000	USD
CY2017	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	11000000	USD
CY2018	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	26000000	USD
CY2017Q4	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	6000000	USD
CY2018Q4	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	18000000	USD
CY2015Q4	us-gaap	Partners Capital PartnersCapital	713000000	USD
CY2016Q4	us-gaap	Partners Capital PartnersCapital	443000000	USD
CY2017Q4	us-gaap	Partners Capital PartnersCapital	639000000	USD
CY2018Q4	us-gaap	Partners Capital PartnersCapital	800000000	USD
CY2016	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	99000000	USD
CY2017	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	294000000	USD
CY2018	us-gaap	Partners Capital Account Distributions PartnersCapitalAccountDistributions	1113000000	USD
CY2017	us-gaap	Partners Capital Account Exchanges And Conversions PartnersCapitalAccountExchangesAndConversions	0	USD
CY2016	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	0	USD
CY2017	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	0	USD
CY2018	us-gaap	Payments For Proceeds From Businesses And Interest In Affiliates PaymentsForProceedsFromBusinessesAndInterestInAffiliates	0	USD
CY2016	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	38000000	USD
CY2017	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2018	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2016	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	99000000	USD
CY2017	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	294000000	USD
CY2018	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	1113000000	USD
CY2016	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	14000000	USD
CY2017	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	USD
CY2018	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	7000000	USD
CY2016	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	115000000	USD
CY2017	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	50000000	USD
CY2018	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	8000000	USD
CY2016	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2017	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2018	us-gaap	Payments Of Distributions To Affiliates PaymentsOfDistributionsToAffiliates	0	USD
CY2016	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2315000000	USD
CY2017	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1290000000	USD
CY2018	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	804000000	USD
CY2016	us-gaap	Proceeds From Contributions From Parent ProceedsFromContributionsFromParent	0	USD
CY2017	us-gaap	Proceeds From Contributions From Parent ProceedsFromContributionsFromParent	0	USD
CY2018	us-gaap	Proceeds From Contributions From Parent ProceedsFromContributionsFromParent	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	8003000000	USD
CY2017	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	3814000000	USD
CY2018	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1100000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15139000000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15390000000	USD
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2017	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2018	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	191000000	USD
CY2018Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	348000000	USD
CY2016	us-gaap	Related Party Costs RelatedPartyCosts	2000000	USD
CY2017	us-gaap	Related Party Costs RelatedPartyCosts	0	USD
CY2018	us-gaap	Related Party Costs RelatedPartyCosts	0	USD
CY2016	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	4000000	USD
CY2017	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	0	USD
CY2018	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	0	USD
CY2016	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	90000000	USD
CY2017	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	80000000	USD
CY2018	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	73000000	USD
CY2016	us-gaap	Repayments Of Debt RepaymentsOfDebt	5251000000	USD
CY2017	us-gaap	Repayments Of Debt RepaymentsOfDebt	2173000000	USD
CY2018	us-gaap	Repayments Of Debt RepaymentsOfDebt	1090000000	USD
CY2016	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	0	USD
CY2017	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3000000	USD
CY2018	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2000000	USD
CY2017Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1589000000	USD
CY2018Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1541000000	USD
CY2016	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1096000000	USD
CY2017	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4284000000	USD
CY2018	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6286000000	USD
CY2017Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	58600000000	USD
CY2018Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	56200000000	USD
CY2016	us-gaap	Revenues Revenues	1100000000	USD
CY2017Q1	us-gaap	Revenues Revenues	891000000	USD
CY2017Q2	us-gaap	Revenues Revenues	992000000	USD
CY2017Q3	us-gaap	Revenues Revenues	903000000	USD
CY2017Q4	us-gaap	Revenues Revenues	1518000000	USD
CY2017	us-gaap	Revenues Revenues	4304000000	USD
CY2018Q1	us-gaap	Revenues Revenues	1593000000	USD
CY2018Q2	us-gaap	Revenues Revenues	1407000000	USD
CY2018Q3	us-gaap	Revenues Revenues	1529000000	USD
CY2018Q4	us-gaap	Revenues Revenues	1897000000	USD
CY2018	us-gaap	Revenues Revenues	6426000000	USD
CY2016	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	-270000000	USD
CY2017	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	-24000000	USD
CY2018	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	112000000	USD
CY2016	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	57100000	shares
CY2017	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	178500000	shares
CY2018	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	348600000	shares
CY2018	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and restricted cash. We maintain cash balances at financial institutions, which may at times be in excess of federally insured levels. We have not incurred losses related to these balances to date.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The use of derivative instruments exposes us to counterparty credit risk, or the risk that a counterparty will be unable to meet its commitments. Certain of our commodity derivative transactions are executed through over-the-counter contracts which are subject to nominal credit risk as these transactions are settled on a daily margin basis with investment grade financial institutions. Collateral deposited for such contracts is recorded within other current assets. Our interest rate derivative instruments are placed with investment grade financial institutions whom we believe are acceptable credit risks. We monitor counterparty creditworthiness on an ongoing basis; however, we cannot predict sudden changes in counterparties’ creditworthiness. In addition, even if such changes are not sudden, we may be limited in our ability to mitigate an increase in counterparty credit risk. Should one of these counterparties not perform, we may not realize the benefit of some of our derivative instruments.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPL has entered into fixed price SPAs with terms of at least </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> years with </font><font style="font-family:inherit;font-size:10pt;">seven</font><font style="font-family:inherit;font-size:10pt;"> unaffiliated third parties. SPL is dependent on the respective customers’ creditworthiness and their willingness to perform under their respective SPAs. See </font><a style="font-family:inherit;font-size:10pt;" href="#s7FB0FA0FFB386E99548D5AC7A79C65A9"><font style="font-family:inherit;font-size:10pt;">Note 17—Customer Concentration</font></a><font style="font-family:inherit;font-size:10pt;"> for additional details about our customer concentration.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SPLNG has entered into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> long-term TUAs with unaffiliated third parties for regasification capacity at the Sabine Pass LNG terminal. SPLNG is dependent on the respective customers’ creditworthiness and their willingness to perform under their respective TUAs. SPLNG has mitigated this credit risk by securing TUAs for a significant portion of its regasification capacity with creditworthy third-party customers with a minimum Standard & Poor’s rating of A. </font></div></div>
CY2018	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are a publicly traded Delaware limited partnership formed by Cheniere. </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">T</font><font style="font-family:inherit;font-size:10pt;">hrough SPL, we are developing, constructing and operating </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">natural gas liquefaction facilities </font><font style="font-family:inherit;font-size:10pt;">(the “Liquefaction Project”)</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> at the Sabine Pass LNG terminal</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">located </font><font style="font-family:inherit;font-size:10pt;">in Cameron Parish, Louisiana, </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">on </font><font style="font-family:inherit;font-size:10pt;">the Sabine-Neches Waterway</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> less than four miles from the Gulf Coast. </font><font style="font-family:inherit;font-size:10pt;">We plan to construct up to </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> Trains, which are in various stages of development, construction and operations. Trains 1 through 4 are operational, Train 5 is undergoing commissioning and Train 6 is being commercialized and has all necessary regulatory approvals in place. Each Train is expected to have a nominal production capacity, which is prior to adjusting for planned maintenance, production reliability, potential overdesign and debottlenecking opportunities, of approximately </font><font style="font-family:inherit;font-size:10pt;">4.5</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG per Train, and run rate adjusted nominal production capacity of approximately </font><font style="font-family:inherit;font-size:10pt;">4.5</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">4.9</font><font style="font-family:inherit;font-size:10pt;"> mtpa of LNG per Train. Through our wholly owned subsidiary, SPLNG, we own and operate regasification facilities at</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> the Sabine Pass LNG terminal, which includes pre-existing infrastructure of </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">five</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> LNG storage tanks with aggregate capacity of </font><font style="font-family:inherit;font-size:10pt;">approximately </font><font style="font-family:inherit;font-size:10pt;">16.9</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> Bcfe, </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">two</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> marine berths that can each accommodate </font><font style="font-family:inherit;font-size:10pt;">vessels with nominal capacity of</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> up to </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">266,000</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> cubic meters and vaporizers with regasification capacity of approximately </font><font style="font-family:inherit;font-size:10pt;color:#231f20;">4.0</font><font style="font-family:inherit;font-size:10pt;color:#231f20;"> Bcf/d. We also own</font><font style="font-family:inherit;font-size:10pt;"> a </font><font style="font-family:inherit;font-size:10pt;">94</font><font style="font-family:inherit;font-size:10pt;">-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines </font><font style="font-family:inherit;font-size:10pt;">(the “Creole Trail Pipeline”)</font><font style="font-family:inherit;font-size:10pt;"> through our wholly owned subsidiary, CTPL.</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of December 31, 2018, Cheniere owned </font><font style="font-family:inherit;font-size:10pt;">48.6%</font><font style="font-family:inherit;font-size:10pt;"> of our limited partner interest in the form of </font><font style="font-family:inherit;font-size:10pt;">104.5 million</font><font style="font-family:inherit;font-size:10pt;"> of our common units and </font><font style="font-family:inherit;font-size:10pt;">135.4 million</font><font style="font-family:inherit;font-size:10pt;"> of our subordinated units. Cheniere also owns </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of our general partner interest and our incentive distribution rights.</font></div></div>
CY2018	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Management evaluates its estimates and related assumptions regularly, including those related to the recoverability of property, plant and equipment, derivative instruments, asset retirement obligations </font><font style="font-family:inherit;font-size:10pt;">(“AROs”)</font><font style="font-family:inherit;font-size:10pt;"> and fair value measurements. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates.</font></div></div>

Files In Submission

Name	View Source	Status
0001383650-19-000005-index-headers.html	Edgar Link	pending
0001383650-19-000005-index.html	Edgar Link	pending
0001383650-19-000005.txt	Edgar Link	pending
0001383650-19-000005-xbrl.zip	Edgar Link	pending
a2018123185848.jpg	Edgar Link	pending
cqp-20181231.xml	Edgar Link	completed
cqp-20181231.xsd	Edgar Link	pending
cqp-20181231_cal.xml	Edgar Link	unprocessable
cqp-20181231_def.xml	Edgar Link	unprocessable
cqp-20181231_lab.xml	Edgar Link	unprocessable
cqp-20181231_pre.xml	Edgar Link	unprocessable
cqp2018form10-k.htm	Edgar Link	pending
cqpa23.jpg	Edgar Link	pending
exhibit1049cqp2018form10-k.htm	Edgar Link	pending
exhibit211cqp2018form10-k.htm	Edgar Link	pending
exhibit231cqp2018form10-k.htm	Edgar Link	pending
exhibit311cqp2018form10-k.htm	Edgar Link	pending
exhibit312cqp2018form10-k.htm	Edgar Link	pending
exhibit321cqp2018form10-k.htm	Edgar Link	pending
exhibit322cqp2018form10-k.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R82.htm	Edgar Link	pending
R83.htm	Edgar Link	pending
R84.htm	Edgar Link	pending
R85.htm	Edgar Link	pending
R86.htm	Edgar Link	pending
R87.htm	Edgar Link	pending
R88.htm	Edgar Link	pending
R89.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R90.htm	Edgar Link	pending
R91.htm	Edgar Link	pending
R92.htm	Edgar Link	pending
R93.htm	Edgar Link	pending
R94.htm	Edgar Link	pending
R95.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CQP
Cheniere Energy Partners, L.P. Stock $cqp

2018 Form 10-K Financial Statement

#000138365019000005 Filed on February 26, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CQP Cheniere Energy Partners, L.P. Stock $cqp

2018 Form 10-K Financial Statement

#000138365019000005 Filed on February 26, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CQP
Cheniere Energy Partners, L.P. Stock $cqp