NYSE : CQP
Cheniere Energy Partners, L.P. — Financial statements
Energy · Oil & Gas Midstream · United States
Last price 66.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 32.35B
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Financial statements
Cheniere Energy Partners, L.P. (CQP) reported revenue of 11.67B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 11.60B | 10.69B | 8.64B | 9.60B | 17.14B | 9.38B |
| Other Revenue | 67.00M | 64.00M | 65.00M | 63.00M | 63.00M | 53.00M |
| Revenue | 11.67B | 10.76B | 8.70B | 9.66B | 17.21B | 9.43B |
| Cost of Revenue | 6.87B | 6.25B | 4.63B | 3.85B | 13.10B | 6.21B |
| Gross Profit | 4.80B | 4.50B | 4.08B | 5.81B | 4.11B | 3.22B |
| Selling, General & Admin | 107.00M | 105.00M | 100.00M | 99.00M | 97.00M | 94.00M |
| Other Operating Expenses | 9.00M | 5.00M | 16.00M | 7.00M | 12.00M | |
| Operating Expenses | 811.00M | 798.00M | 796.00M | 778.00M | 731.00M | 663.00M |
| Operating Income | 3.98B | 3.71B | 3.28B | 5.04B | 3.38B | 2.56B |
| Interest Expense | -732.00M | -753.00M | -800.00M | -823.00M | -870.00M | -831.00M |
| Interest & Investment Income | 18.00M | 18.00M | 33.00M | 46.00M | 21.00M | 1.00M |
| Other Non Operating Income (Expenses) | 10.00M | 24.00M | 1.00M | 4.00M | ||
| EBT Excluding Unusual Items | 3.28B | 3.00B | 2.51B | 4.26B | 2.53B | 1.73B |
| Other Unusual Items | -8.00M | -8.00M | -3.00M | -6.00M | -33.00M | -101.00M |
| Pretax Income | 3.27B | 2.99B | 2.51B | 4.25B | 2.50B | 1.63B |
| Net Income | 3.27B | 2.99B | 2.51B | 4.25B | 2.50B | 1.63B |
| Preferred Dividends & Other Adjustments | 503.00M | 483.00M | 450.00M | 892.00M | 915.00M | 180.00M |
| Net Income to Common | 2.77B | 2.50B | 2.06B | 3.36B | 1.58B | 1.45B |
| Shares Outstanding (Basic) | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M |
| Shares Outstanding (Diluted) | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M |
| EPS (Basic) | 5.72 | 5.17 | 4.26 | 6.95 | 3.27 | 3.00 |
| EPS (Diluted) | 5.72 | 5.17 | 4.26 | 6.95 | 3.27 | 3.00 |
| Free Cash Flow | 2.89B | 2.57B | 2.81B | 2.89B | 3.70B | 1.64B |
| Free Cash Flow Per Share | 5.97 | 5.31 | 5.81 | 5.97 | 7.64 | 3.40 |
| Dividend Per Share | 3.33 | 3.30 | 3.25 | 4.12 | 4.25 | 2.71 |
| Gross Margin | 41.11% | 41.87% | 46.83% | 60.16% | 23.89% | 34.13% |
| Operating Margin | 34.16% | 34.45% | 37.68% | 52.11% | 19.64% | 27.10% |
| Profit Margin | 23.74% | 23.28% | 23.67% | 34.79% | 9.20% | 15.37% |
| Free Cash Flow Margin | 24.75% | 23.88% | 32.33% | 29.89% | 21.49% | 17.42% |
| EBITDA | 4.68B | 4.39B | 3.96B | 5.71B | 4.01B | 3.11B |
| EBITDA Margin | 40.11% | 40.84% | 45.50% | 59.06% | 23.33% | 33.01% |
| D&A For EBITDA | 695.00M | 688.00M | 680.00M | 672.00M | 634.00M | 557.00M |
| EBIT | 3.98B | 3.71B | 3.28B | 5.04B | 3.38B | 2.56B |
| EBIT Margin | 34.16% | 34.45% | 37.68% | 52.11% | 19.64% | 27.10% |
| Revenue as Reported | 11.67B | 10.76B | 8.70B | 9.66B | 17.21B | 9.43B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 569.00M | 182.00M | 270.00M | 575.00M | 904.00M | 876.00M |
| Cash & Short-Term Investments | 569.00M | 182.00M | 270.00M | 575.00M | 904.00M | 876.00M |
| Accounts Receivable | 595.00M | 711.00M | 535.00M | 642.00M | 1.16B | 780.00M |
| Other Receivables | 22.00M | 38.00M | 10.00M | 9.00M | 24.00M | 34.00M |
| Receivables | 617.00M | 749.00M | 545.00M | 651.00M | 1.18B | 814.00M |
| Inventory | 165.00M | 180.00M | 151.00M | 142.00M | 160.00M | 176.00M |
| Prepaid Expenses | 50.00M | 42.00M | 42.00M | |||
| Restricted Cash | 35.00M | 19.00M | 109.00M | 56.00M | 92.00M | 98.00M |
| Other Current Assets | 168.00M | 166.00M | 208.00M | 157.00M | 285.00M | 248.00M |
| Total Current Assets | 1.60B | 1.34B | 1.32B | 1.58B | 2.62B | 2.21B |
| Property, Plant & Equipment | 15.16B | 15.34B | 15.84B | 16.29B | 16.81B | 16.93B |
| Long-Term Deferred Charges | 8.00M | 12.00M | ||||
| Other Long-Term Assets | 1.07B | 764.00M | 289.00M | 228.00M | 191.00M | 206.00M |
| Total Assets | 17.84B | 17.44B | 17.45B | 18.10B | 19.63B | 19.36B |
| Accounts Payable | 97.00M | 53.00M | 62.00M | 69.00M | 32.00M | 21.00M |
| Accrued Expenses | 667.00M | 904.00M | 751.00M | 734.00M | 1.25B | 976.00M |
| Current Portion of Long-Term Debt | 112.00M | 306.00M | 351.00M | 300.00M | ||
| Current Portion of Leases | 14.00M | 12.00M | 10.00M | 14.00M | 14.00M | 8.00M |
| Current Unearned Revenue | 144.00M | 123.00M | 123.00M | 117.00M | 147.00M | 156.00M |
| Other Current Liabilities | 314.00M | 310.00M | 415.00M | 332.00M | 981.00M | 184.00M |
| Total Current Liabilities | 1.35B | 1.71B | 1.71B | 1.57B | 2.42B | 1.34B |
| Long-Term Debt | 14.28B | 14.16B | 14.76B | 15.61B | 16.20B | 17.18B |
| Long-Term Leases | 134.00M | 143.00M | 85.00M | 98.00M | 89.00M | |
| Long-Term Unearned Revenue | 6.00M | 10.00M | 9.00M | 5.00M | 8.00M | 2.00M |
| Other Long-Term Liabilities | 1.32B | 1.01B | 1.34B | 1.62B | 3.04B | 27.00M |
| Total Liabilities | 16.96B | 17.02B | 17.96B | 18.89B | 21.76B | 18.64B |
| Common Stock | 3.92B | 3.16B | 1.82B | 1.04B | -1.12B | 1.02B |
| Total Common Equity | 3.92B | 3.16B | 1.82B | 1.04B | -1.12B | 1.02B |
| Minority Interest | -3.04B | -2.74B | -2.33B | -1.82B | -1.01B | -306.00M |
| Shareholders' Equity | 879.00M | 414.00M | -509.00M | -784.00M | -2.13B | 718.00M |
| Total Liabilities & Equity | 17.84B | 17.44B | 17.45B | 18.10B | 19.63B | 19.36B |
| Total Debt | 14.41B | 14.61B | 15.27B | 16.00B | 16.31B | 17.27B |
| Net Cash (Debt) | -13.84B | -14.43B | -14.99B | -15.43B | -15.41B | -16.40B |
| Net Cash Per Share | -28.60 | -29.82 | -30.98 | -31.88 | -31.83 | -33.88 |
| Filing Date Shares Outstanding | 484.06M | 484.05M | 484.05M | 484.04M | 484.03M | 484.03M |
| Total Common Shares Outstanding | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M | 484.00M |
| Working Capital | 256.00M | -370.00M | -387.00M | 15.00M | 199.00M | 867.00M |
| Book Value Per Share | 8.10 | 6.52 | 3.76 | 2.14 | -2.31 | 2.12 |
| Tangible Book Value | 3.92B | 3.16B | 1.82B | 1.04B | -1.12B | 1.02B |
| Tangible Book Value Per Share | 8.10 | 6.52 | 3.76 | 2.14 | -2.31 | 2.12 |
| Machinery | 20.52B | 20.48B | 20.29B | 20.18B | 20.07B | 16.97B |
| Construction In Progress | 517.00M | 214.00M | 227.00M | 189.00M | 140.00M | 2.75B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.27B | 2.99B | 2.51B | 4.25B | 2.50B | 1.63B |
| Depreciation & Amortization | 695.00M | 688.00M | 680.00M | 672.00M | 634.00M | 557.00M |
| Other Amortization | 23.00M | 23.00M | 26.00M | 28.00M | 30.00M | 29.00M |
| Other Operating Activities | -511.00M | -732.00M | -354.00M | -2.06B | 1.13B | 80.00M |
| Change in Accounts Receivable | -48.00M | -204.00M | 106.00M | 527.00M | -447.00M | -237.00M |
| Change in Inventory | -18.00M | -30.00M | -10.00M | 18.00M | 12.00M | -68.00M |
| Change in Accounts Payable | 79.00M | 155.00M | 6.00M | -469.00M | 354.00M | 321.00M |
| Change in Unearned Revenue | -12.00M | -12.00M | 39.00M | 46.00M | -11.00M | 18.00M |
| Change in Other Net Operating Assets | -44.00M | -107.00M | -35.00M | 91.00M | -54.00M | -39.00M |
| Operating Cash Flow | 3.44B | 2.77B | 2.97B | 3.11B | 4.15B | 2.29B |
| Capital Expenditures | -549.00M | -199.00M | -154.00M | -220.00M | -451.00M | -648.00M |
| Other Investing Activities | -6.00M | -5.00M | -8.00M | -7.00M | ||
| Investing Cash Flow | -555.00M | -204.00M | -162.00M | -227.00M | -451.00M | -648.00M |
| Long-Term Debt Issued | 1.26B | 1.23B | 1.40B | 559.00M | 3.18B | |
| Long-Term Debt Repaid | -1.92B | -2.03B | -1.70B | -1.56B | -3.60B | |
| Net Debt Issued (Repaid) | -364.00M | -655.00M | -802.00M | -303.00M | -1.00B | -418.00M |
| Common Dividends Paid | -1.58B | -1.59B | -1.68B | -2.01B | -1.88B | -1.29B |
| Other Financing Activities | -496.00M | -495.00M | -579.00M | -931.00M | -797.00M | -271.00M |
| Financing Cash Flow | -2.44B | -2.74B | -3.06B | -3.25B | -3.68B | -1.98B |
| Net Cash Flow | 440.00M | -178.00M | -252.00M | -365.00M | 22.00M | -333.00M |
| Free Cash Flow | 2.89B | 2.57B | 2.81B | 2.89B | 3.70B | 1.64B |
| Free Cash Flow Margin | 24.75% | 23.88% | 32.33% | 29.89% | 21.49% | 17.42% |
| Free Cash Flow Per Share | 5.97 | 5.31 | 5.81 | 5.97 | 7.64 | 3.40 |
| Levered Free Cash Flow | 2.30B | 2.30B | 2.15B | 2.67B | 2.47B | 1.07B |
| Unlevered Free Cash Flow | 2.73B | 2.74B | 2.63B | 3.15B | 2.99B | 1.56B |
| Cash Interest Paid | 662.00M | 710.00M | 841.00M | 748.00M | 777.00M | 812.00M |
| Change in Working Capital | -43.00M | -198.00M | 106.00M | 213.00M | -146.00M | -5.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.24B | 25.89B | 25.71B | 24.10B | 27.53B | 20.45B |
| Enterprise Value | 46.08B | 37.88B | 38.76B | 38.03B | 43.02B | 36.67B |
| Last Close Price | 66.61 | 51.40 | 48.13 | 42.10 | 44.36 | 30.64 |
| PE Ratio | 11.64 | 10.34 | 12.48 | 7.17 | 17.39 | 14.10 |
| Forward PE | 10.14 | 11.89 | 12.37 | 11.28 | 10.85 | 11.77 |
| PS Ratio | 2.76 | 2.41 | 2.95 | 2.49 | 1.60 | 2.17 |
| PB Ratio | 8.22 | 62.53 | -50.52 | -30.74 | -12.92 | 28.48 |
| P/TBV Ratio | 8.22 | 8.20 | 14.12 | 23.22 | 19.97 | |
| P/FCF Ratio | 11.16 | 10.08 | 9.14 | 8.34 | 7.44 | 12.44 |
| P/OCF Ratio | 9.38 | 9.35 | 8.66 | 7.75 | 6.63 | 8.92 |
| PEG Ratio | 17.95 | |||||
| EV/Sales Ratio | 3.95 | 3.52 | 4.45 | 3.94 | 2.50 | 3.89 |
| EV/EBITDA Ratio | 9.85 | 8.62 | 9.79 | 6.66 | 10.72 | 11.78 |
| EV/EBIT Ratio | 11.56 | 10.22 | 11.82 | 7.55 | 12.73 | 14.34 |
| EV/FCF Ratio | 15.96 | 14.75 | 13.77 | 13.16 | 11.63 | 22.32 |
| Debt / Equity Ratio | 16.39 | 35.30 | -29.99 | -20.41 | -7.65 | 24.06 |
| Debt / EBITDA Ratio | 3.07 | 3.32 | 3.84 | 2.80 | 4.05 | 5.53 |
| Debt / FCF Ratio | 4.99 | 5.69 | 5.42 | 5.54 | 4.41 | 10.51 |
| Net Debt / Equity Ratio | 15.74 | 34.86 | -29.46 | -19.68 | -7.23 | 22.84 |
| Net Debt / EBITDA Ratio | 2.96 | 3.28 | 3.79 | 2.70 | 3.84 | 5.27 |
| Net Debt / FCF Ratio | 4.79 | 5.62 | 5.33 | 5.34 | 4.17 | 9.98 |
| Asset Turnover | 0.67 | 0.62 | 0.49 | 0.51 | 0.88 | 0.49 |
| Inventory Turnover | 44.05 | 37.79 | 31.59 | 25.50 | 77.95 | 43.91 |
| Quick Ratio | 0.88 | 0.55 | 0.48 | 0.78 | 0.86 | 1.26 |
| Current Ratio | 1.19 | 0.78 | 0.77 | 1.01 | 1.08 | 1.65 |
| Return on Equity (ROE) | 1,232.77% | 259.35% | ||||
| Return on Assets (ROA) | 14.37% | 13.28% | 11.53% | 16.68% | 10.84% | 8.30% |
| Return on Capital Employed (ROCE) | 24.20% | 23.60% | 20.80% | 30.50% | 19.60% | 14.20% |
| Earnings Yield | 8.59% | 11.54% | 9.76% | 17.65% | 9.07% | 7.97% |
| FCF Yield | 8.96% | 9.92% | 10.94% | 11.99% | 13.43% | 8.04% |
| Dividend Yield | 5.00% | 6.17% | 6.12% | 8.28% | 7.47% | 6.40% |
| Payout Ratio | 58.18% | 53.30% | 66.81% | 47.32% | 75.18% | 78.96% |
| Total Shareholder Return | 5.00% | 6.17% | 6.12% | 8.28% | 7.47% | 6.40% |