Cheniere Energy Partners, L.P.CQP
NYSE•Energy•Oil & Gas Midstream
Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies in the United States and internationally. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana. It also owns Creole Trail Pipeline, a natural gas supply pipeline that interconnects the Sabine Pass LNG terminal with various interstate and intrastate pipelines. Cheniere Energy Partners, L.P. was founded in 2003 and is headquartered in Houston, Texas. Cheniere Energy Partners, L.P. is a subsidiary of Cheniere Energy, Inc.
Cheniere Energy Partners, LP (CQP) reported trailing twelve months revenue of $11.37B as of March 2026, a 21.0% increase year-over-year. Quarterly revenue reached $3.60B, reflecting continued top-line momentum.
Cheniere Energy Partners, LP generated $2.53B in TTM net income, with quarterly EBITDA of $535.00M. The operating margin contracted from 27.6% to 10.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (10.0%) and net margin (5.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 21.4% a year ago, reflecting increased costs or interest expense.
CQP trades at a P/S of N/A.
The company generated $879.00M in free cash flow over the trailing twelve months, a 45.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $17.11B in total assets with $12.61B in long-term debt against $78.00M in stockholders equity for a debt-to-equity ratio of 161.7, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~32.5% on average, but show some variability — pricing power may be sensitive to market conditions.
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 16.1% — watch for continued compression, which may signal competitive or cost pressure.
FCF covers net income by 1.5x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation