Oil & Gas Midstream
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VG vs LNG vs CQP vs NEXT
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Exploration & Production
VG vs LNG vs CQP vs NEXT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Exploration & Production |
| Market Cap | $23.02B | $51.94B | $30.61B | $2.02B |
| Revenue (TTM) | $13.77B | $20.27B | $10.31B | $0.00 |
| Net Income (TTM) | $2.58B | $1.48B | $2.32B | $-306M |
| Gross Margin | 68.3% | 27.2% | 38.2% | — |
| Operating Margin | 36.6% | 4.8% | 28.6% | — |
| Forward P/E | 9.3x | 16.6x | 14.8x | — |
| Total Debt | $1.51B | $28.61B | $15.27B | $8.66B |
| Cash & Equiv. | $2.35B | $1.58B | $379M | $144M |
VG vs LNG vs CQP vs NEXT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jan 25 | May 26 | Return |
|---|---|---|---|
| Venture Global, Inc. (VG) | 100 | 57.2 | -42.8% |
| Cheniere Energy, In… (LNG) | 100 | 110.5 | +10.5% |
| Cheniere Energy Par… (CQP) | 100 | 103.0 | +3.0% |
| NextDecade Corporat… (NEXT) | 100 | 89.9 | -10.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: VG vs LNG vs CQP vs NEXT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
VG is the #2 pick in this set and the best alternative if growth exposure and sleep-well-at-night is your priority.
- Rev growth 176.9%, EPS growth 41.0%, 3Y rev CAGR 28.8%
- Lower volatility, beta 0.22, Low D/E 12.6%, current ratio 0.93x
- 176.9% revenue growth vs NEXT's -429.6%
- Better valuation composite
LNG is the clearest fit if your priority is long-term compounding.
- 6.9% 10Y total return vs NEXT's -23.0%
CQP carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 0 yrs, beta 0.08, yield 7.3%
- Beta 0.08, yield 7.3%, current ratio 0.77x
- 22.5% margin vs NEXT's -1.4%
- Beta 0.08 vs VG's 0.22
NEXT lags the leaders in this set but could rank higher in a more targeted comparison.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 176.9% revenue growth vs NEXT's -429.6% | |
| Value | Better valuation composite | |
| Quality / Margins | 22.5% margin vs NEXT's -1.4% | |
| Stability / Safety | Beta 0.08 vs VG's 0.22 | |
| Dividends | 7.3% yield, vs LNG's 0.8%, (1 stock pays no dividend) | |
| Momentum (1Y) | +30.6% vs NEXT's +2.7% | |
| Efficiency (ROA) | 13.8% ROA vs NEXT's -3.3%, ROIC 17.0% vs -2.1% |
VG vs LNG vs CQP vs NEXT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
VG vs LNG vs CQP vs NEXT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
VG leads in 3 of 6 categories
LNG leads 1 • CQP leads 0 • NEXT leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
VG leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LNG and NEXT operate at a comparable scale, with $20.3B and $0 in trailing revenue. CQP is the more profitable business, keeping 22.5% of every revenue dollar as net income compared to LNG's 7.3%. On growth, VG holds the edge at +191.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $13.8B | $20.3B | $10.3B | $0 |
| EBITDAEarnings before interest/tax | $6.0B | $2.7B | $3.6B | -$211M |
| Net IncomeAfter-tax profit | $2.6B | $1.5B | $2.3B | -$306M |
| Free Cash FlowCash after capex | -$6.8B | $5.3B | $2.7B | -$5.3B |
| Gross MarginGross profit ÷ Revenue | +68.3% | +27.2% | +38.2% | — |
| Operating MarginEBIT ÷ Revenue | +36.6% | +4.8% | +28.6% | — |
| Net MarginNet income ÷ Revenue | +18.7% | +7.3% | +22.5% | — |
| FCF MarginFCF ÷ Revenue | -49.4% | +26.0% | +26.3% | — |
| Rev. Growth (YoY)Latest quarter vs prior year | +191.7% | +10.2% | +17.0% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +13.9% | -11.6% | -2.8% | -172.0% |
Valuation Metrics
VG leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 10.2x trailing earnings, LNG trades at a 31% valuation discount to CQP's 14.9x P/E. On an enterprise value basis, VG's 3.7x EV/EBITDA is more attractive than CQP's 11.5x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $23.0B | $51.9B | $30.6B | $2.0B |
| Enterprise ValueMkt cap + debt − cash | $22.2B | $79.0B | $45.5B | $10.5B |
| Trailing P/EPrice ÷ TTM EPS | 13.59x | 10.24x | 14.88x | -6.51x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.26x | 16.58x | 14.78x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | 1.10x | — |
| EV / EBITDAEnterprise value multiple | 3.71x | 10.88x | 11.49x | — |
| Price / SalesMarket cap ÷ Revenue | 1.67x | 2.65x | 3.52x | — |
| Price / BookPrice ÷ Book value/share | 2.57x | 4.16x | — | 0.87x |
| Price / FCFMarket cap ÷ FCF | — | 21.10x | 10.88x | — |
Profitability & Efficiency
VG leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
VG delivers a 25.8% return on equity — every $100 of shareholder capital generates $26 in annual profit, vs $-16 for NEXT. VG carries lower financial leverage with a 0.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to NEXT's 3.76x. On the Piotroski fundamental quality scale (0–9), LNG scores 7/9 vs NEXT's 1/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +25.8% | +14.9% | — | -15.6% |
| ROA (TTM)Return on assets | +5.3% | +3.2% | +13.8% | -3.3% |
| ROICReturn on invested capital | +17.3% | +10.9% | +17.0% | -2.1% |
| ROCEReturn on capital employed | +11.3% | +12.5% | +20.3% | -2.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 | 5 | 1 |
| Debt / EquityFinancial leverage | 0.13x | 2.19x | — | 3.76x |
| Net DebtTotal debt minus cash | -$847M | $27.0B | $14.9B | $8.5B |
| Cash & Equiv.Liquid assets | $2.4B | $1.6B | $379M | $144M |
| Total DebtShort + long-term debt | $1.5B | $28.6B | $15.3B | $8.7B |
| Interest CoverageEBIT ÷ Interest expense | 2.47x | 17.70x | 4.04x | -2.76x |
Total Returns (Dividends Reinvested)
LNG leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NEXT five years ago would be worth $37,537 today (with dividends reinvested), compared to $4,906 for VG. Over the past 12 months, VG leads with a +30.6% total return vs NEXT's +2.7%. The 3-year compound annual growth rate (CAGR) favors LNG at 19.1% vs VG's -21.1% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +66.3% | +25.2% | +18.6% | +41.6% |
| 1-Year ReturnPast 12 months | +30.6% | +4.4% | +13.2% | +2.7% |
| 3-Year ReturnCumulative with dividends | -50.9% | +69.0% | +61.9% | +29.2% |
| 5-Year ReturnCumulative with dividends | -50.9% | +208.4% | +94.1% | +275.4% |
| 10-Year ReturnCumulative with dividends | -50.9% | +692.8% | +228.2% | -23.0% |
| CAGR (3Y)Annualised 3-year return | -21.1% | +19.1% | +17.4% | +8.9% |
Risk & Volatility
Evenly matched — LNG and CQP each lead in 1 of 2 comparable metrics.
Risk & Volatility
LNG is the less volatile stock with a -0.33 beta — it tends to amplify market swings less than VG's 0.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CQP currently trades 89.5% from its 52-week high vs VG's 59.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.22x | -0.33x | 0.08x | -0.14x |
| 52-Week HighHighest price in past year | $19.50 | $300.89 | $70.64 | $12.12 |
| 52-Week LowLowest price in past year | $5.83 | $186.70 | $49.53 | $4.75 |
| % of 52W HighCurrent price vs 52-week peak | +59.9% | +82.1% | +89.5% | +62.9% |
| RSI (14)Momentum oscillator 0–100 | 44.1 | 46.9 | 49.2 | 50.1 |
| Avg Volume (50D)Average daily shares traded | 29.0M | 3.3M | 120K | 5.1M |
Analyst Outlook
Evenly matched — LNG and CQP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: VG as "Buy", LNG as "Buy", CQP as "Sell", NEXT as "Hold". Consensus price targets imply 18.6% upside for CQP (target: $75) vs -8.1% for NEXT (target: $7). For income investors, CQP offers the higher dividend yield at 7.30% vs LNG's 0.83%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Sell | Hold |
| Price TargetConsensus 12-month target | $12.61 | $265.38 | $75.00 | $7.00 |
| # AnalystsCovering analysts | 31 | 27 | 18 | 9 |
| Dividend YieldAnnual dividend ÷ price | +1.5% | +0.8% | +7.3% | — |
| Dividend StreakConsecutive years of raises | 1 | 4 | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.18 | $2.05 | $4.62 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +5.2% | 0.0% | +0.8% |
VG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). LNG leads in 1 (Total Returns). 2 tied.
VG vs LNG vs CQP vs NEXT: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is VG or LNG or CQP or NEXT a better buy right now?
For growth investors, Venture Global, Inc.
(VG) is the stronger pick with 176. 9% revenue growth year-over-year, versus -9. 9% for Cheniere Energy Partners, L. P. (CQP). Cheniere Energy, Inc. (LNG) offers the better valuation at 10. 2x trailing P/E (16. 6x forward), making it the more compelling value choice. Analysts rate Venture Global, Inc. (VG) a "Buy" — based on 31 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — VG or LNG or CQP or NEXT?
On trailing P/E, Cheniere Energy, Inc.
(LNG) is the cheapest at 10. 2x versus Cheniere Energy Partners, L. P. at 14. 9x. On forward P/E, Venture Global, Inc. is actually cheaper at 9. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — VG or LNG or CQP or NEXT?
Over the past 5 years, NextDecade Corporation (NEXT) delivered a total return of +275.
4%, compared to -50. 9% for Venture Global, Inc. (VG). Over 10 years, the gap is even starker: LNG returned +692. 8% versus VG's -50. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — VG or LNG or CQP or NEXT?
By beta (market sensitivity over 5 years), Cheniere Energy, Inc.
(LNG) is the lower-risk stock at -0. 33β versus Venture Global, Inc. 's 0. 22β — meaning VG is approximately -167% more volatile than LNG relative to the S&P 500. On balance sheet safety, Venture Global, Inc. (VG) carries a lower debt/equity ratio of 13% versus 4% for NextDecade Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — VG or LNG or CQP or NEXT?
By revenue growth (latest reported year), Venture Global, Inc.
(VG) is pulling ahead at 176. 9% versus -9. 9% for Cheniere Energy Partners, L. P. (CQP). On earnings-per-share growth, the picture is similar: Cheniere Energy, Inc. grew EPS 69. 9% year-over-year, compared to -387. 5% for NextDecade Corporation. Over a 3-year CAGR, VG leads at 28. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — VG or LNG or CQP or NEXT?
Cheniere Energy Partners, L.
P. (CQP) is the more profitable company, earning 28. 8% net margin versus 0. 0% for NextDecade Corporation — meaning it keeps 28. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CQP leads at 37. 7% versus 0. 0% for NEXT. At the gross margin level — before operating expenses — CQP leads at 51. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is VG or LNG or CQP or NEXT more undervalued right now?
On forward earnings alone, Venture Global, Inc.
(VG) trades at 9. 3x forward P/E versus 16. 6x for Cheniere Energy, Inc. — 7. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CQP: 18. 6% to $75. 00.
08Which pays a better dividend — VG or LNG or CQP or NEXT?
In this comparison, CQP (7.
3% yield), VG (1. 5% yield), LNG (0. 8% yield) pay a dividend. NEXT does not pay a meaningful dividend and should not be held primarily for income.
09Is VG or LNG or CQP or NEXT better for a retirement portfolio?
For long-horizon retirement investors, Cheniere Energy, Inc.
(LNG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 33), 0. 8% yield, +692. 8% 10Y return). Both have compounded well over 10 years (LNG: +692. 8%, NEXT: -23. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between VG and LNG and CQP and NEXT?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: VG is a mid-cap high-growth stock; LNG is a mid-cap high-growth stock; CQP is a mid-cap deep-value stock; NEXT is a small-cap quality compounder stock. VG, LNG, CQP pay a dividend while NEXT does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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