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Financials · CQP

Cheniere Energy Partners, LP (CQP) financials

For the twelve months ended Sep 30, 2026, Cheniere Energy Partners, LP reported $11.67B of revenue and $3.27B of net income.

Revenue, TTM
$11.67B
Revenue growth, YoY
+13.2%
Net income, TTM
$3.27B
Net income growth, YoY
+40.9%
Net margin
28.1%
Free cash flow, TTM
$2.89B
Cash
$569.00M
Total debt
$14.39B
P/E
8.68
P/S
2.44
Market cap
$28.41B
Annual revenue$10.76B
FY2016FY2025
Annual net income$2.99B
FY2016FY2025
Annual free cash flow$2.57B
FY2016FY2025

CQP revenue and earnings growth

CQP revenueQ3 2026$2.58B

Quarter YoY
+7.1%
QoQ
-0.3%
FY YoY
+23.6%
5Y CAGR
+11.8%
10Y CAGR
+44.6%

CQP revenue was $2.58B in fiscal Q3 2026 (ended Sep 30, 2026), up 7.1% from a year earlier and down 0.3% from the prior quarter. For the full fiscal 2025 it was $10.76B, up 23.6% from fiscal 2024. Compound annual growth was +11.8% over 5 years and +44.6% over 10 years. It rose in 7 of the last 10 fiscal years.

CQP net incomeQ3 2026$639.00M

Quarter YoY
+26.3%
QoQ
-45.0%
FY YoY
+19.0%
5Y CAGR
+20.4%

CQP net income was $639.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 26.3% from a year earlier and down 45.0% from the prior quarter. For the full fiscal 2025 it was $2.99B, up 19.0% from fiscal 2024. Compound annual growth was +20.4% over 5 years. It rose in 6 of the last 8 fiscal years.

CQP free cash flowQ3 2026$712.00M

Quarter YoY
+16.7%
QoQ
+64.4%
FY YoY
-8.7%
5Y CAGR
+27.0%

CQP free cash flow was $712.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 16.7% from a year earlier and up 64.4% from the prior quarter. For the full fiscal 2025 it was $2.57B, down 8.7% from fiscal 2024. Compound annual growth was +27.0% over 5 years. It rose in 3 of the last 7 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$10.76B$8.70B$9.66B$17.21B$9.44B$6.17B$6.84B$6.43B$4.30B$1.10B
Cost of revenue-------$3.40B$2.32B$410.00M
Gross profit-------$3.02B$1.98B$690.00M
Research and development----$1.00M$0$0$2.00M$3.00M$0
Selling, general and admin$105.00M$100.00M$99.00M$97.00M$94.00M$14.00M$11.00M$11.00M$12.00M$13.00M
Operating income$3.71B$3.28B$5.04B$3.38B$2.56B$2.13B$2.04B$1.98B$1.16B$250.00M
Interest expense$753.00M$800.00M$823.00M$870.00M$831.00M$909.00M$885.00M$733.00M$614.00M$357.00M
Income tax$0$0$0-------
Net income$2.99B$2.51B$4.25B$2.50B$1.63B$1.18B$1.18B$1.27B$490.00M-$171.00M
EPS, basic----$3.00$2.32$2.25$2.51-$1.32-$0.20
EPS, diluted----$3.00$2.32$2.25$2.51-$1.32-$0.20
Diluted shares----484.0M399.3M348.6M348.6M178.5M57.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$182.00M$379.00M$631.00M$996.00M$974.00M$1.31B$1.96B$1.54B$1.59B$605.00M
Receivables$0$1.00M$0$551.00M$546.00M$300.00M$283.00M$348.00M$191.00M$90.00M
Inventory$180.00M$151.00M$142.00M$160.00M$176.00M$107.00M$116.00M$99.00M$95.00M$97.00M
Current assets$1.34B$1.32B$1.58B$2.62B$2.21B$2.13B$2.71B$2.36B$2.14B$958.00M
Total assets$17.44B$17.45B$18.10B$19.63B$19.36B$19.14B$19.38B$17.97B$17.55B$15.54B
Current liabilities$1.71B$1.71B$1.57B$2.42B$1.34B$883.00M$966.00M$1.07B$829.00M$856.00M
Short-term debt$306.00M$351.00M$300.00M$0$0$0$0$0$0$224.00M
Long-term debt$14.16B$14.76B$15.61B$16.20B$17.18B$17.58B$17.58B$16.07B$16.05B$14.21B
Total debt$14.47B$15.11B$15.91B$16.20B$17.18B$17.58B$17.58B$16.07B$16.05B$14.43B
Total liabilities$17.02B$17.96B$18.89B-------

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$2.77B$2.97B$3.11B$4.15B$2.29B$1.75B$1.55B$1.87B$977.00M$0
Capital expenditures$199.00M$154.00M$220.00M$451.00M$648.00M$972.00M$1.33B$804.00M$1.29B$2.31B
Free cash flow$2.57B$2.81B$2.89B$3.70B$1.64B$779.00M$216.00M$1.07B-$313.00M-$2.31B
Investing cash flow-$204.00M-$162.00M-$227.00M-$451.00M-$648.00M-$972.00M-$1.33B-$804.00M-$1.29B-$2.35B
Financing cash flow-$2.74B-$3.06B-$3.25B-$3.68B-$1.98B-$1.43B$206.00M-$1.12B$1.30B$2.52B
Depreciation and amortization$688.00M$680.00M$672.00M$634.00M$557.00M$551.00M$527.00M$424.00M$339.00M$156.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY23.6%-9.9%-43.8%82.4%53.0%-9.8%6.4%49.3%291.3%307.4%
Net income growth, YoY19.0%-41.0%70.3%53.3%37.8%0.7%-7.8%160.0%--
EPS growth, YoY----29.3%3.1%-10.4%---
Gross margin-------47.1%46.1%62.7%
Operating margin34.4%37.7%52.1%19.6%27.1%34.5%29.8%30.8%26.9%22.7%
Net margin27.8%28.8%44.0%14.5%17.3%19.2%17.2%19.8%11.4%-15.5%
Free cash flow margin23.9%32.3%29.9%21.5%17.4%12.6%3.2%16.6%-7.3%-210.5%
Return on assets17.1%14.4%23.5%12.7%8.4%6.2%6.1%7.1%2.8%-1.1%
Current ratio0.780.771.011.081.642.422.802.212.581.12

Source: XBRL data Cheniere Energy Partners, LP files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CQP peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CQP$11.67B+13.2%$3.27B28.1%$28.41B
LNG$23.94B+26.3%$3.04B12.7%$58.19B
VG$16.95B+100.7%$3.33B19.7%$29.49B
ATO$4.92B+6.5%$1.40B28.5%$29.29B
NFG$2.56B+17.2%$675.28M26.3%$7.05B
UGPR$142.37B+6.6%R$2.45B1.7%$6.10B
NJR$2.23B+6.4%$366.16M16.4%$5.52B
SR$2.54B+7.9%$358.30M14.1%$5.25B
OGS--$293.01M-$5.11B

CQP FAQ

7 questions
  • What is CQP revenue?
    Cheniere Energy Partners, LP (CQP) reported $11.67B of revenue for the twelve months ended Sep 30, 2026. That is up 13.2% from the year before. Revenue for fiscal 2025 was $10.76B.
  • Is CQP profitable?
    Yes. Cheniere Energy Partners, LP earned $3.27B in net income for the twelve months ended Sep 30, 2026, a net margin of 28.1%.
  • How much cash and debt does CQP have?
    Cheniere Energy Partners, LP reported $569.00M in cash and cash equivalents and $14.39B of debt on its most recent balance sheet in SEC filings.
  • How fast is CQP revenue growing?
    Cheniere Energy Partners, LP's revenue changed +23.6% in fiscal 2025, to $10.76B. Its compound annual growth rate was +11.8% over 5 years and +44.6% over 10 years.
  • What is CQP free cash flow?
    Cheniere Energy Partners, LP generated $2.89B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $3.44B less capital expenditures.
  • When did CQP last report financial results?
    The latest statements here come from Cheniere Energy Partners, LP's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this CQP financial data come from?
    Quantisnow builds these statements from the structured XBRL data Cheniere Energy Partners, LP files with the SEC. It is provided for information only and is not investment advice.