Cheniere Energy Partners, L.P.

CQP Energy Oil & Gas Midstream

Cheniere Energy Partners, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $10.8 billion, up 23.6% from fiscal 2024.

Revenue
+7.07%
EPS
+65.0%
Free cash flow
+16.7%
Total debt
−2.48%

Quarter to September 2026, against a year earlier

57.59 0.91 +1.61%
Market cap
$27.7B
P/E
9.3×
Fwd P/E
14.7×
Dividend yield
4.04%
F-score
8/9
Altman Z
n/a
Beneish M
−1.49
Dividend safety
21/100

Cheniere Energy Partners, L.P. (CQP) Gross margin

Alert me on Gross margin

Cheniere Energy Partners, L.P.'s gross margin over the twelve months to 30 September 2026 was 41.1%, down 0.8 percentage points from fiscal 2025 (41.9%). Over the past ten years it has ranged from 23.9% (fiscal 2022) to 77.8% (fiscal 2015); the current reading is higher than 55% of that period. That is below the Oil & Gas Midstream industry median of 54.9% and in line with the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 41.9% (4.96)
FY2024 46.8% (13.33)
FY2023 60.2% 36.27
FY2022 23.9% (10.24)
FY2021 34.1% (11.13)
FY2020 45.3% 5.96
FY2019 39.3% 0.44
FY2018 38.9% 1.87
FY2017 37.0% (9.28)
FY2016 46.3% (31.51)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 39.6% (20.15)
Jun 2026 59.7% 44.07
Mar 2026 15.7% (41.72)
Dec 2025 57.4% 20.16
43 more quarters

Against its own ten years

Low 23.9% High 77.8%
Ten-year median 41.9%
Current reading's percentile 56

Gross margin against peers

Company Gross margin
VNOM Viper Energy Inc. compare 100.0%
WES Western Midstream Partners, LP compare 91.0%
MPLX MPLX LP compare 57.6%
VG Venture Global, Inc. compare 53.5%
CQP Cheniere Energy Partners, L.P. 41.1%
PBA Pembina Pipeline Corp. compare 41.0%
OKE ONEOK, Inc. compare 25.2%
PAA Plains All American Pipeline, L.P. compare 5.55%
PAGP Plains Group Holdings, L.P. compare 5.55%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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