SEC Comment Letter for Cheniere Energy Partners, L.P. (CQP) (CIK 0001383650) (CQP) — Jun 14, 2011
Cheniere Energy Partners, L.P. (CQP) (CIK 0001383650)
Date: June 14, 2011 · CIK: 0001383650 · Accession: 0000000000-11-036589
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-33366
Referenced dates: May 20, 2011
Letter
June 14, 2011 Via E-Mail Mr. Charif Souki Chief Executive Officer Cheniere Energy Partners, G.P., LLC 700 Milam Street, Suite 800 Houston, Texas 77002 Re: Cheniere Energy Partners, L.P. Form 10-K for the Fiscal Year Ended December 31, 2010 Filed March 3, 2011 File No. 001-33366
Dear Mr. Souki: We have reviewed your response dated June 3, 2011 and have the following additional comment. In our comment, we may ask you to pr ovide us with information so we may better understand your disclosure. Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advi sing us when you will provide the requested response. If you do not believe our comment applies to your fact s and circumstances or do not believe an amendment is appropriate, pl ease tell us why in your response.
After reviewing any amendment to your filing and the information you provide in response to these comments, we ma y have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2010
Consolidated Financial Statements
Consolidated Statements of Operations, page 51
1. We note your response to our prior comment one in our letter dated May 20, 2011 and the proposed revised disclosure. However, we are unclear about the appr opriateness of your current combined EPU presentation under GAA P on the face of the income statements. We believe you should present earnings per co mmon unit data on the face of the income statements instead of the combined EPU presentation. Please revise by amending the Form 10-K for the Fiscal Year Ended Decem ber 31, 2010 and the subsequent Form 10-Q for the Fiscal Quarter Ended March 31, 2011 or explain to us why you are not required to
Mr. Charif Souki Cheniere Energy Partners, G.P., LLC June 14, 2011 Page 2
do so. Also, remove the combined EPU pres entation in the proposed revised footnote disclosure.
You may contact Milwood H obbs, Staff Accountant, at (202) 551-3241 or, in his absence, the undersigned at (202) 551-3377 if you have questions.
Sincerely,
/s/ Andrew D. Mew
Andrew D. Mew Accounting Branch Chief
Show Raw Text
June 14, 2011
Via E-Mail
Mr. Charif Souki Chief Executive Officer Cheniere Energy Partners, G.P., LLC 700 Milam Street, Suite 800 Houston, Texas 77002
Re: Cheniere Energy Partners, L.P.
Form 10-K for the Fiscal Year Ended December 31, 2010
Filed March 3, 2011 File No. 001-33366
Dear Mr. Souki:
We have reviewed your response dated June 3, 2011 and have the following additional
comment. In our comment, we may ask you to pr ovide us with information so we may better
understand your disclosure.
Please respond to this letter within ten business days by amending your filing, by
providing the requested information, or by advi sing us when you will provide the requested
response. If you do not believe our comment applies to your fact s and circumstances or do not
believe an amendment is appropriate, pl ease tell us why in your response.
After reviewing any amendment to your filing and the information you provide in
response to these comments, we ma y have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2010
Consolidated Financial Statements
Consolidated Statements of Operations, page 51
1. We note your response to our prior comment one in our letter dated May 20, 2011 and the
proposed revised disclosure. However, we are unclear about the appr opriateness of your
current combined EPU presentation under GAA P on the face of the income statements.
We believe you should present earnings per co mmon unit data on the face of the income
statements instead of the combined EPU presentation. Please revise by amending the
Form 10-K for the Fiscal Year Ended Decem ber 31, 2010 and the subsequent Form 10-Q
for the Fiscal Quarter Ended March 31, 2011 or explain to us why you are not required to
Mr. Charif Souki Cheniere Energy Partners, G.P., LLC June 14, 2011 Page 2
do so. Also, remove the combined EPU pres entation in the proposed revised footnote
disclosure.
You may contact Milwood H obbs, Staff Accountant, at (202) 551-3241 or, in his
absence, the undersigned at (202) 551-3377 if you have questions.
Sincerely,
/s/ Andrew D. Mew
Andrew D. Mew Accounting Branch Chief