Cheniere Energy Partners, L.P. CQP

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

We are a publicly traded Delaware limited partnership formed by Cheniere. We provide clean, secure and affordable LNG to integrated energy companies, utilities and energy trading companies around the world. We aspire to conduct our business in a safe and responsible manner, delivering a reliable, competitive and integrated source of LNG to our customers.

LNG is natural gas (primarily methane) in liquid form and is a cleaner dispatchable fuel for power generation. The LNG we produce is shipped all over the world, converted back into natural gas (called "regasification") and then transported via pipeline to homes and businesses and used as an energy source that is essential for heating, cooking and other industrial uses.

Last close 66.15 2026-10-23
Market cap $32.02B 2026-06-30 share count
52-week range 49.76 - 71.25

Valuation FY2025 figures against the last close

P/S3.0x
P/E—
P/FCF12.5x
EV/EBITDA10.5x
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $10.76B$8.70B$9.66B$17.20B$9.44B$6.17B$6.84B$6.43B$4.30B$1.10B
Cost of revenue ———————$3.40B$2.32B$410.0M
Gross profit ———————$3.02B$1.98B$686.0M
R&D ————$1.0M$0$0$2.0M$3.0M$0
SG&A $105.0M$100.0M$99.0M$97.0M$94.0M$14.0M$11.0M$11.0M$12.0M$13.0M
Total operating expenses $7.05B$5.42B$4.63B$13.83B$6.88B$4.04B$4.80B$4.45B$3.15B$850.0M
Operating income $3.71B$3.28B$5.04B$3.38B$2.56B$2.12B$2.04B$1.98B$1.16B$250.0M
Interest expense $753.0M$800.0M$823.0M$870.0M$831.0M$909.0M$885.0M$733.0M$614.0M$357.0M
Pre-tax income $2.99B$2.51B$4.25B———————
Income tax $0$0$0———————
Net income $2.99B$2.51B$4.25B$2.50B$1.63B$1.18B$1.18B$1.27B$490.0M-$171.0M
EPS, diluted ————3.002.322.252.51-1.32-0.20

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $182.0M$270.0M$631.0M$996.0M$974.0M$1.31B$1.96B$1.54B$1.59B$605.0M
Receivables $0$1.0M$0$551.0M$546.0M$300.0M$283.0M$348.0M$191.0M$90.0M
Inventory $180.0M$151.0M$142.0M$160.0M$176.0M$107.0M$116.0M$99.0M$95.0M$97.0M
Total current assets $1.34B$1.32B$1.58B$2.62B$2.21B$2.13B$2.71B$2.36B$2.14B$958.0M
Property, plant and equipment $15.26B$15.76B$16.21B$16.73B$16.83B$16.72B$16.37B$15.39B$15.14B$14.16B
Total assets $17.44B$17.45B$18.10B$19.63B$19.36B$19.14B$19.38B$17.97B$17.55B$15.54B
Accounts payable $53.0M$62.0M$69.0M$32.0M$21.0M$12.0M$40.0M$15.0M$12.0M$27.0M
Short-term debt $306.0M$351.0M$300.0M$0—$0$0$0$0$224.0M
Total current liabilities $1.71B$1.71B$1.57B$2.42B$1.34B$883.0M$966.0M$1.07B$829.0M$856.0M
Long-term debt $14.16B$14.76B$15.61B$16.20B$17.18B$17.58B$17.58B$16.07B$16.05B$14.21B
Total liabilities $17.02B$17.96B$18.89B———————

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.77B$2.97B$3.11B$4.15B$2.29B$1.75B$1.55B$1.87B$977.0M$0
Depreciation and amortisation $688.0M$680.0M$672.0M$634.0M$557.0M$551.0M$527.0M$424.0M$339.0M$156.0M
Capital expenditure $199.0M$154.0M$220.0M$451.0M$648.0M$972.0M$1.33B$804.0M$1.29B$2.31B
Investing cash flow -$204.0M-$162.0M-$227.0M-$451.0M-$648.0M-$972.0M-$1.33B-$804.0M-$1.29B-$2.35B
Financing cash flow -$2.74B-$3.06B-$3.25B-$3.68B-$1.98B-$1.43B$206.0M-$1.12B$1.30B$2.52B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001383650-26-000005.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B 20B Revenue, FY2016: 1.1B Gross profit, FY2016: 686M Net income, FY2016: -171M Revenue, FY2017: 4.3B Gross profit, FY2017: 2B Net income, FY2017: 490M Revenue, FY2018: 6.4B Gross profit, FY2018: 3B Net income, FY2018: 1.3B Revenue, FY2019: 6.8B Net income, FY2019: 1.2B Revenue, FY2020: 6.2B Net income, FY2020: 1.2B Revenue, FY2021: 9.4B Net income, FY2021: 1.6B Revenue, FY2022: 17.2B Net income, FY2022: 2.5B Revenue, FY2023: 9.7B Net income, FY2023: 4.3B Revenue, FY2024: 8.7B Net income, FY2024: 2.5B Revenue, FY2025: 10.8B Net income, FY2025: 3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.10B $4.30B $6.43B $6.84B $6.17B $9.44B $17.20B $9.66B $8.70B $10.76B
Gross profit $686.0M $1.98B $3.02B — — — — — — —
Net income -$171.0M $490.0M $1.27B $1.18B $1.18B $1.63B $2.50B $4.25B $2.51B $2.99B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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SR SPIRE INC $5.04B 19.5x -4.5%
OGS ONE Gas, Inc. $4.90B 17.8x —
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