Saturday 17 October 2026
Export CQP’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 5.21%, EPS grew 135.2%, free cash flow fell 11.6% and total debt fell 2.55%, each against the same quarter a year earlier.
63.57
1.32
+2.12%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 19.22 | 26.41 | 27.79 | 35.25 | 17.75 | 34.54 | 40.20 | 42.96 | 45.51 | 49.53 |
Analyst estimates 2026–2028 Powerpack |
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| High | 31.49 | 33.47 | 40.56 | 49.30 | 42.88 | 45.75 | 62.08 | 62.34 | 59.40 | 68.42 | |||||
| People | |||||||||||||||
| People | Employees | 911 | 1,230 | 1,372 | 1,530 | 1,519 | 1,550 | 1,551 | 1,605 | 1,714 | 1,717 | ||||
| Revenue/emp, $m | 1.21 | 3.50 | 4.68 | 4.47 | 4.06 | 6.09 | 11.09 | 6.02 | 5.08 | 6.27 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,100 | 4,304 | 6,426 | 6,838 | 6,167 | 9,434 | 17,206 | 9,664 | 8,704 | 10,758 | ||||
| Gross margin, % | 46.27 | 36.99 | 38.86 | 39.30 | 45.26 | 34.13 | 23.89 | 60.16 | 46.83 | 41.87 | |||||
| EBT | (171) | 490 | 1,274 | 1,175 | 1,183 | 1,630 | 2,498 | 4,254 | 2,510 | 2,987 | |||||
| EBT margin, % | (15.55) | 11.38 | 19.83 | 17.18 | 19.18 | 17.28 | 14.52 | 44.02 | 28.84 | 27.77 | |||||
| Net income | (171) | 490 | 1,274 | 1,175 | 1,183 | 1,630 | 2,498 | 4,254 | 2,510 | 2,987 | |||||
| Depreciation | 186 | 375 | 454 | 561 | 583 | 586 | 664 | 700 | 706 | 711 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 3.26 | 13.71 | 13.28 | 14.13 | 15.44 | 19.49 | 35.55 | 19.97 | 17.98 | 22.23 | ||||
| Earnings | (0.51) | (1.32) | 2.51 | 2.25 | 2.32 | 3.00 | 3.27 | 6.95 | 4.25 | 5.17 | |||||
| Cash flow | 0.00 | 3.11 | 3.87 | 3.20 | 4.39 | 4.73 | 8.57 | 6.42 | 6.13 | 5.72 | |||||
| Capex | (6.85) | (4.11) | (1.66) | (2.75) | (2.43) | (1.34) | (0.93) | (0.45) | (0.32) | (0.41) | |||||
| Free cash flow | (6.85) | (1.00) | 2.21 | 0.45 | 1.95 | 3.39 | 7.64 | 5.97 | 5.81 | 5.31 | |||||
| Book value | 1.31 | 2.04 | 1.65 | 1.48 | 1.35 | 1.48 | (4.40) | (1.62) | (1.05) | 0.86 | |||||
| Shares, m | 338 | 314 | 484 | 484 | 399 | 484 | 484 | 484 | 484 | 484 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 27.42 | 14.38 | 17.69 | 13.49 | 14.13 | 11.86 | 6.54 | 12.47 | 10.34 | ||||
| P/S | 8.97 | 2.18 | 2.72 | 2.82 | 2.28 | 2.17 | 1.54 | 2.57 | 2.95 | 2.41 | |||||
| P/B | 22.27 | 14.66 | 21.84 | 26.95 | 26.11 | 28.47 | 0.00 | 0.00 | 0.00 | 62.52 | |||||
| EV/Sales | 21.54 | 5.59 | 5.01 | 5.13 | 5.24 | 3.98 | 2.51 | 4.15 | 4.65 | 3.73 | |||||
| EV/FCF | (9.38) | (76.83) | 30.11 | 162.54 | 41.52 | 22.88 | 11.66 | 13.88 | 14.37 | 15.63 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 0 | 977 | 1,874 | 1,547 | 1,751 | 2,291 | 4,149 | 3,109 | 2,968 | 2,768 | ||||
| Capex | (2,315) | (1,290) | (804) | (1,331) | (972) | (648) | (451) | (220) | (154) | (199) | |||||
| Free cash flow | (2,315) | (313) | 1,070 | 216 | 779 | 1,643 | 3,698 | 2,889 | 2,814 | 2,569 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 102 | 1,310 | 1,288 | 1,741 | 1,252 | 867 | 199 | 15 | (387) | (370) | ||||
| Total debt | 14,433 | 16,046 | 16,066 | 17,579 | 17,580 | 17,177 | 16,216 | 15,906 | 15,112 | 14,467 | |||||
| Net debt | 13,828 | 14,457 | 14,525 | 15,617 | 16,273 | 16,203 | 15,220 | 15,275 | 14,733 | 14,266 | |||||
| Shareholders’ equity | 443 | 639 | 800 | 715 | 539 | 718 | (2,131) | (784) | (509) | 414 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (0.08) | (1.41) | 8.95 | 7.79 | 4.80 | 7.53 | 8.12 | 17.82 | 11.59 | 14.35 | ||||
| ROIC | 1.09 | 4.79 | 8.07 | 7.81 | 7.90 | 9.44 | 16.14 | 21.72 | 14.41 | 15.78 | |||||
| ROE | (1.90) | (43.25) | 220.99 | 192.21 | 147.53 | 230.71 | (224.06) | (230.74) | (318.64) | (5,271.58) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Cheniere Energy Partners, L.P. vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LNG Cheniere Energy, Inc. | $57.7B | 21.4× | — (loss-making) | +23.51% (above 0%: growing) | +100.55% (above 0%: growing) | +452.21% (above 0%: growing) | 83.04% | 74.84% | Compare |
| OKE ONEOK, Inc. | $57.2B | 16.1× | 15.5× | +52.77% (above 0%: growing) | +14.18% (above 0%: growing) | +85.57% (above 0%: growing) | 23.30% | 13.22% | Compare |
| VG Venture Global, Inc. | $31.3B | 9.4× | 8.8× | +47.63% (above 0%: growing) | +260.00% (above 0%: growing) | −8.21% (below 0%: shrinking) | 63.74% | 47.79% | Compare |
| CQP Cheniere Energy Partners, L.P. | $30.1B | 11.1× | 16.9× | +5.21% (above 0%: growing) | +135.16% (above 0%: growing) | −11.63% (below 0%: shrinking) | 59.74% | 51.88% | |
| PBA Pembina Pipeline Corp. | $28.0B | 24.4× | 22.9× | +19.97% (above 0%: growing) | +27.66% (above 0%: growing) | +8.94% (above 0%: growing) | 43.36% | 37.45% | Compare |
| PAGP Plains Group Holdings, L.P. | $20.7B | 9.8× | 15.6× | +66.26% (above 0%: growing) | +1,213.33% (above 0%: growing) | +50.93% (above 0%: growing) | 4.57% | 2.24% | Compare |
| WES Western Midstream Partners, LP | $18.2B | 14.0× | 12.6× | +29.97% (above 0%: growing) | +12.50% (above 0%: growing) | −36.19% (below 0%: shrinking) | 90.41% | 43.01% | Compare |
| PAA Plains All American Pipeline, L.P. | $17.7B | 7.0× | 13.5× | +66.26% (above 0%: growing) | +1,095.24% (above 0%: growing) | +50.92% (above 0%: growing) | 4.57% | 2.25% | Compare |
| VNOM Viper Energy Inc. | $15.7B | 322× | 18.4× | +127.95% (above 0%: growing) | +160.71% (above 0%: growing) | +146.15% (above 0%: growing) | 100.00% | 63.22% | Compare |
| Median of peers | $24.4B | 15.0× | 15.5× | +50.20% | +130.63% | +50.93% | 53.55% | 40.23% |
Cheniere Energy Partners, L.P. (CQP) key facts
- Strength: Cheniere Energy Partners, L.P.’s revenue for fiscal 2025 (year ended December 2025) was $10.8 billion, up 23.6% from fiscal 2024.
- Cheniere Energy Partners, L.P. (CQP) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
- As of October 16, 2026, CQP traded at $63.57, a market capitalization of $30.1 billion.
- Cheniere Energy Partners, L.P. pays an annual dividend of $3.27 per share, a yield of 5.14%, with a payout ratio of 57.3%.
- Return on equity was −5,271.6% and debt-to-equity 19.16.
- Its Piotroski F-score is 8 out of 9 for fiscal 2025.