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%
Market cap
$30.1B
P/E
11.1×
Fwd P/E
16.9×
Dividend yield
5.14%
F-score
8/9
Altman Z
n/a
Beneish M
−1.49
Dividend safety
21/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 49.64%

Capital & Financial Ratios $m

Market Cap 30,130.00
Revenue 11,497.00
Net Income 3,140.00
Free Cash Flow 2,786.00
Net Debt 13,978.00
Current Ratio 1.22
Debt/Equity 19.16 (above 2: weak)
P/E ratio 11.14
Fwd P/E 16.90
P/S ratio 2.68
P/B ratio 40.81 (above 6: high)
Past 5Y EPS Growth 17.38% (at or above 15%: strong)
This Y EPS Growth (7.38%) (below 0%: weak)
Next Y EPS Growth (8.48%) (below 0%: weak)
Next Y revenue growth 4.69%
Next 5Y EPS Growth (3.99%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 22.12%
10-year low 10-year high
P/S against its own 10 years 45.82%
10-year low 10-year high
P/B against its own 10 years 89.95%
10-year low 10-year high
EV/Sales against its own 10 years 18.28%
10-year low 10-year high
EV/FCF against its own 10 years 36.25%
10-year low 10-year high

Dividends

Payout Ratio 0.57
Annual Dividend Rate 3.27
Annual Dividend Yield 5.14%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.25
0.83
0.79
0.82
2025 3.29
0.82
0.82
0.82
0.83
2024 3.21
0.78
0.81
0.81
0.81
2023 0.00
0.30
0.26
0.26
0.26
2022 2.25
0.70
0.78
0.29
0.78
2021 2.66
0.66
0.66
0.67
0.68
2020 2.57
0.63
0.64
0.65
0.65
2019 2.42
0.59
0.60
0.61
0.62
2018 2.19
0.50
0.55
0.56
0.58
2017 1.72
0.43
0.43
0.43
0.44
2016 1.70
0.43
0.43
0.43
0.43
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 631 379 201 466
Receivables 651 545 749 645
Inventory 142 151 180 165
Other 157 208 166 182
1,581 1,325 1,338 1,520
2023 2024 2025 Q'26
Payables 69 62 53 82
ST’ Debt 300 351 306 109
Other 269 333 236 153
1,566 1,712 1,708 1,242

Compound Annual Growth %

10y 5y 3y
Sales 44.56% 11.77% (14.49%)
Cash Flow 0.00% 9.59% (12.62%)
Earnings 0.00% 22.04% 16.52%
Book Value (5.29%) (5.14%) 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 3,600 2,583 — — —
’25 2,989 2,455 2,404 2,910 10,758
’24 2,295 1,894 2,055 2,460 8,704
’23 2,917 1,933 2,128 2,686 9,664
’22 3,328 4,181 4,976 4,721 17,206
’21 1,963 1,889 2,324 3,258 9,434
’20 1,718 1,470 982 1,997 6,167
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 910 699 — — —
’25 665 558 658 887 2,768
’24 669 732 691 876 2,968
’23 847 691 655 916 3,109
’22 800 786 856 1,707 4,149
’21 588 487 592 624 2,291
’20 535 339 459 418 1,751
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 879 433 — — —
’25 605 490 610 864 2,569
’24 633 702 652 827 2,814
’23 758 631 634 866 2,889
’22 713 634 739 1,612 3,698
’21 442 317 413 471 1,643
’20 218 75 245 241 779
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.38 2.14 — — —
’25 1.08 0.91 0.80 2.38 5.17
’24 1.18 0.95 1.08 1.05 4.25
’23 3.50 1.29 1.63 1.42 6.95
’22 0.33 0.71 (1.06) 4.63 3.27
’21 0.64 0.73 0.69 0.93 3.00
’20 0.84 1.16 (0.16) 0.77 2.32
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

4
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 58 Oil & Gas Midstream stocks →

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.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/CQP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com