Cheniere Energy Partners LP 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number001-33366 Cheniere Energy Partners, L.P. (Exact name of registrant as specified in its charter) Delaware20-5913059(State or other jurisdiction of incorporation or organization)(I.R.S.EmployerIdentificationNo.) 845 Texas Avenue, Suite 1250Houston, Texas 77002(Address of principal executive offices) (Zip Code)(713) 375-5000(Registrant’s telephone number, including area code) Title of each classTrading SymbolName of each exchange on which registeredCommon Units Representing Limited Partner InterestsCQPNew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒The aggregate market value of the registrant’s common units held by non-affiliates of the registrant was approximately $2.2billion as of June 30, 2025.As of February20, 2026, the registrant had 484,054,123 common units outstanding.Documents incorporated by reference:None CHENIERE ENERGY PARTNERS, L.P.TABLE OF CONTENTS PART IItems1. and 2. Business and Properties4Item1A. Risk Factors14Item1B. Unresolved Staff Comments32Item 1C. Cybersecurity32Item3. Legal Proceedings34Item4. Mine Safety Disclosure34PART IIItem5. Market for Registrant’s Common Equity, Related Unitholder Matters and Issuer Purchases of Equity Securities35Item6. [Reserved]35Item7. Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item7A. Quantitative and Qualitative Disclosures about Market Risk49Item8. Financial Statements and Supplementary Data50Item9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure83Item9A. Controls and Procedures83Item9B. Other Information83Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections83PART IIIItem10. Directors, Executive Officers of Our General Partner and Corporate Governance84Item11. Executive Compensation89Item12. Security Ownership of Certain Beneficial Owners and Management, and Related Unitholder Matters92Item13. Certain Relationships and Related Transactions, and Director Independence94Item14. Principal Accountant Fees and Services95PART IVItem15. Exhibits and Financial Statement Schedules96Item16. Form 10-K Summary103Signatures104 DEFINITIONS As use