Cheniere Energy Partners, L.P. (CQP) 10-Year Financial Performance & Capital Metrics

CQP • • Industrial / General

EnergyMidstream Oil & GasLNG Infrastructure & ShippingLNG Terminal Operators

AboutCheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day. It also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines. Cheniere Energy Partners GP, LLC serves as the general partner of the company. The company was founded in 2003 and is headquartered in Houston, Texas.Show more

Revenue $8.7B -9.9%
EBITDA $3.96B -30.6%
Net Income $2.51B -41.0%
EPS (Diluted) 4.25 -38.8%
Gross Margin 51.13% -20.9%
EBITDA Margin 45.5% -23.0%
Operating Margin 37.68% -27.7%
Net Margin 28.84% -34.5%
ROE -
ROIC 16.96% -37.4%
Debt/Equity -
Interest Coverage 4.10 -33.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.4%
✓FCF machine: 32.3% free cash flow margin
✓Healthy 5Y average net margin of 24.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y41.59%

5Y4.94%

3Y-2.65%

TTM15.43%

Profit (Net Income) CAGR

10Y-

5Y16.39%

3Y15.48%

TTM-16.83%

EPS CAGR

10Y-

5Y13.56%

3Y12.31%

TTM-11.45%

ROCE

10Y Avg12.77%

5Y Avg19.01%

3Y Avg23.12%

Latest20.32%

Peer Comparison

LNG Terminal Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LNGCheniere Energy, Inc.	41.64B	193.44	13.62	-22.22%	21.26%	34.94%	7.58%	2.54
CQPCheniere Energy Partners, L.P.	26.03B	53.78	12.65	-9.93%	22.54%		10.81%
VGVenture Global, Inc.	3.54B	7.38	12.10	-37.04%	21.51%	21.56%		4.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	270.03M	1.1B	4.3B	6.43B	6.84B	6.17B	9.43B	17.21B	9.66B	8.7B
Revenue Growth %	0%	3.07%	2.91%	0.49%	0.06%	-0.1%	0.53%	0.82%	-0.44%	-0.1%
Cost of Goods Sold+	65.7M	568M	100M	3.93B	3.91B	3.13B	5.95B	12.73B	3.42B	4.25B
COGS % of Revenue	0.24%	0.52%	0.02%	0.61%	0.57%	0.51%	0.63%	0.74%	0.35%	0.49%
Gross Profit+	209M	532M	4.2B	6.31B	2.93B	3.03B	3.49B	4.47B	6.25B	4.45B
Gross Margin %	0.77%	0.48%	0.98%	0.98%	0.43%	0.49%	0.37%	0.26%	0.65%	0.51%
Gross Profit Growth %	-0.01%	1.55%	6.9%	0.5%	-0.54%	0.04%	0.15%	0.28%	0.4%	-0.29%
Operating Expenses+	232M	282.26M	3.05B	4.33B	883M	904M	929M	1.09B	1.21B	1.17B
OpEx % of Revenue	0.86%	0.26%	0.71%	0.67%	0.13%	0.15%	0.1%	0.06%	0.13%	0.13%
Selling, General & Admin	137M	102.85M	92M	86M	113M	110M	94M	97M	99M	100M
SG&A % of Revenue	0.51%	0.09%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%
Research & Development	4M	522K	3M	2M	0	0	2M	0	0	0
R&D % of Revenue	0.01%	0%	0%	0%	-	-	0%	-	-	-
Other Operating Expenses	91M	178.89M	2.95B	4.24B	770M	794M	833M	995M	1.11B	1.07B
Operating Income+	3M	250.44M	1.16B	1.98B	2.04B	2.13B	2.56B	3.38B	5.04B	3.28B
Operating Margin %	0.01%	0.23%	0.27%	0.31%	0.3%	0.34%	0.27%	0.2%	0.52%	0.38%
Operating Income Growth %	4.83%	82.48%	3.62%	0.71%	0.03%	0.04%	0.2%	0.32%	0.49%	-0.35%
EBITDA+	68.7M	406.06M	1.5B	2.4B	2.57B	2.68B	3.11B	4.01B	5.71B	3.96B
EBITDA Margin %	0.25%	0.37%	0.35%	0.37%	0.38%	0.43%	0.33%	0.23%	0.59%	0.45%
EBITDA Growth %	0.16%	4.91%	2.68%	0.61%	0.07%	0.04%	0.16%	0.29%	0.42%	-0.31%
D&A (Non-Cash Add-back)	65.7M	155.62M	339M	424M	527M	551M	557M	634M	672M	680M
EBIT	-134M	186M	1.1B	2.01B	2.06B	2.09B	2.46B	3.37B	5.08B	3.31B
Net Interest Income+	-185M	-357M	-614M	-733M	-885M	-909M	-830M	-849M	-777M	-767M
Interest Income	227M	0	0	0	0	0	1M	21M	46M	33M
Interest Expense	184.6M	357M	614M	733M	885M	909M	831M	870M	823M	800M
Other Income/Expense	-321.93M	-421M	-666M	-705M	-865M	-942M	-927M	-882M	-782M	-770M
Pretax Income+	-318.89M	-171.19M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Pretax Margin %	-1.18%	-0.16%	0.11%	0.2%	0.17%	0.19%	0.17%	0.15%	0.44%	0.29%
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-319M	-171M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Net Margin %	-1.18%	-0.16%	0.11%	0.2%	0.17%	0.19%	0.17%	0.15%	0.44%	0.29%
Net Income Growth %	0.22%	0.46%	3.87%	1.6%	-0.08%	0.01%	0.38%	0.53%	0.7%	-0.41%
Net Income (Continuing)	-319M	-171M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	16.58M	11.18M	12M	-16M	-81M	-175M	-306M	-1.01B	-1.82B	-2.33B
EPS (Diluted)+	-0.43	-0.20	1.20	2.51	2.25	2.32	3.00	3.27	6.95	4.25
EPS Growth %	0.52%	0.53%	7%	1.09%	-0.1%	0.03%	0.29%	0.09%	1.13%	-0.39%
EPS (Basic)	-0.43	-0.20	1.20	2.51	2.25	2.32	3.00	3.27	6.95	4.25
Diluted Shares Outstanding	337.8M	337.8M	484M	484M	484M	399.3M	484M	484M	484M	484M
Basic Shares Outstanding	337.8M	337.8M	484M	484M	484M	399.3M	484M	484M	484M	484M
Dividend Payout Ratio	-	-	0.6%	0.87%	1.07%	1.15%	0.89%	1.05%	0.68%	0.89%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	493.48M	958.26M	2.14B	2.36B	2.71B	2.13B	2.21B	2.62B	1.58B	1.32B
Cash & Short-Term Investments	146.22M	604.94M	1.59B	1.54B	1.78B	1.21B	974M	904M	575M	379M
Cash Only	146.22M	604.94M	1.59B	1.54B	1.78B	1.21B	974M	904M	575M	379M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.01M	189M	354M	462M	402M	502M	954M	1.18B	651M	646M
Days Sales Outstanding	2.72	62.7	30.02	26.24	21.46	29.71	36.91	24.99	24.59	27.09
Inventory	16.67M	97.43M	95M	99M	116M	107M	176M	160M	142M	151M
Days Inventory Outstanding	92.59	62.61	346.75	9.2	10.83	12.47	10.8	4.59	15.18	12.96
Other Current Assets	288.74M	28.89M	65M	26M	250M	172M	108M	201M	129M	149M
Total Non-Current Assets+	12.5B	14.58B	15.41B	15.62B	16.68B	17.01B	17.15B	17.01B	16.52B	16.13B
Property, Plant & Equipment	11.93B	14.16B	15.14B	15.39B	16.46B	16.82B	16.93B	16.81B	16.29B	15.84B
Fixed Asset Turnover	0.02x	0.08x	0.28x	0.42x	0.42x	0.37x	0.56x	1.02x	0.59x	0.55x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	30.37M	27.42M	24M	20M	6M	6M	0	8M	16M	0
Long-Term Investments	43.95M	82.86M	14M	0	32M	11M	33M	28M	40M	98M
Other Non-Current Assets	496.93M	398.48M	268M	239M	209M	182M	185M	199M	172M	191M
Total Assets+	12.83B	15.54B	17.55B	17.97B	19.38B	19.14B	19.36B	19.63B	18.1B	17.45B
Asset Turnover	0.02x	0.07x	0.25x	0.36x	0.35x	0.32x	0.49x	0.88x	0.53x	0.50x
Asset Growth %	0.24%	0.21%	0.13%	0.02%	0.08%	-0.01%	0.01%	0.01%	-0.08%	-0.04%
Total Current Liabilities+	2.07B	855.71M	829M	1.07B	966M	883M	1.34B	2.42B	1.57B	1.71B
Accounts Payable	16.41M	27.16M	12M	15M	40M	12M	21M	32M	69M	62M
Days Payables Outstanding	91.14	17.45	43.8	1.39	3.74	1.4	1.29	0.92	7.37	5.32
Short-Term Debt	1.67B	223.5M	0	0	6M	7M	8M	0	300M	361M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	9.25M	13.28M	0	66M	3M	4M	1.16B	774M	214M	1.17B
Current Ratio	0.24x	1.12x	2.58x	2.21x	2.80x	2.42x	1.64x	1.08x	1.01x	0.77x
Quick Ratio	0.23x	1.01x	2.47x	2.11x	2.68x	2.30x	1.51x	1.02x	0.92x	0.69x
Cash Conversion Cycle	4.16	107.86	332.97	34.05	28.56	40.78	46.42	28.66	32.39	34.73
Total Non-Current Liabilities+	10.22B	14.24B	16.09B	16.11B	17.7B	17.72B	17.3B	19.34B	17.32B	16.25B
Long-Term Debt	10.18B	14.21B	16.05B	16.07B	17.58B	17.58B	17.18B	16.2B	15.61B	14.76B
Capital Lease Obligations	0	0	0	0	87M	90M	89M	98M	85M	143M
Deferred Tax Liabilities	0	2M	3M	0	0	0	0	0	0	0
Other Non-Current Liabilities	29.38M	28.85M	38M	40M	37M	53M	29M	3.05B	1.63B	1.35B
Total Liabilities	12.12B	15.1B	16.91B	17.17B	18.67B	18.61B	18.64B	21.76B	18.89B	17.96B
Total Debt+	11.85B	14.43B	16.05B	16.07B	17.67B	17.68B	17.27B	16.31B	15.99B	15.27B
Net Debt	11.71B	13.83B	14.46B	14.53B	15.89B	16.47B	16.3B	15.4B	15.42B	14.89B
Debt / Equity	16.63x	32.58x	25.11x	20.08x	24.72x	32.80x	24.06x	-	-	-
Debt / EBITDA	172.55x	35.54x	10.73x	6.69x	6.88x	6.61x	5.55x	4.06x	2.80x	3.85x
Net Debt / EBITDA	170.42x	34.05x	9.67x	6.04x	6.19x	6.15x	5.23x	3.84x	2.70x	3.76x
Interest Coverage	0.02x	0.70x	1.88x	2.70x	2.31x	2.34x	3.08x	3.89x	6.12x	4.10x
Total Equity+	712.93M	443M	639M	800M	715M	539M	718M	-2.13B	-784M	-509M
Equity Growth %	-0.37%	-0.38%	0.44%	0.25%	-0.11%	-0.25%	0.33%	-3.97%	0.63%	0.35%
Book Value per Share	2.11	1.31	1.32	1.65	1.48	1.35	1.48	-4.40	-1.62	-1.05
Total Shareholders' Equity	696.35M	432M	627M	816M	796M	714M	1.02B	-1.12B	1.04B	1.82B
Common Stock	696.35M	431.88M	627M	816M	796M	714M	1.02B	0	1.04B	1.82B
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-417.22M	-565.99M	-897M	-1.31B	796M	0	0	-1.12B	0	0
Minority Interest	16.58M	11.18M	12M	-16M	-81M	-175M	-306M	-1.01B	-1.82B	-2.33B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.75M	-249K	977M	1.87B	1.55B	1.75B	2.29B	4.15B	3.11B	2.97B
Operating CF Margin %	0.02%	-0%	0.23%	0.29%	0.23%	0.28%	0.24%	0.24%	0.32%	0.34%
Operating CF Growth %	-0.52%	-1.04%	3924.69%	0.92%	-0.17%	0.13%	0.31%	0.81%	-0.25%	-0.05%
Net Income	-318.89M	-171.19M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Depreciation & Amortization	65.7M	155.62M	339M	424M	527M	551M	557M	634M	672M	680M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	268.67M	46.19M	115M	174M	-4M	137M	109M	1.16B	-2.03B	-328M
Working Capital Changes	-9.74M	-30.86M	33M	2M	-151M	-120M	-5M	-146M	213M	106M
Change in Receivables	1.51M	-188.15M	-163M	-75M	25M	-101M	-237M	-447M	527M	106M
Change in Inventory	-25.04M	-58.03M	13M	-5M	-16M	8M	-68M	12M	18M	-10M
Change in Payables	-996K	166.71M	210M	183M	-126M	21M	321M	354M	-467M	6M
Cash from Investing+	-2.97B	-2.35B	-1.29B	-804M	-1.33B	-972M	-648M	-451M	-227M	-162M
Capital Expenditures	-2.91B	-2.32B	-1.29B	-804M	-1.33B	-972M	-648M	-451M	-220M	-154M
CapEx % of Revenue	10.78%	2.1%	0.3%	0.13%	0.19%	0.16%	0.07%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-62.45M	-38.32M	0	0	-1M	0	0	0	-7M	-8M
Cash from Financing+	2.59B	2.52B	1.3B	-1.12B	206M	-1.43B	-1.98B	-3.68B	-3.25B	-3.06B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-99.02M	-99.03M	-294M	-1.11B	-1.26B	-1.36B	-1.45B	-2.63B	-2.91B	-2.23B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-169.98M	-128.81M	-50M	-15M	-34M	-70M	-107M	-40M	-37M	-21M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.91B	-2.32B	-313M	1.07B	216M	779M	1.64B	3.7B	2.89B	2.81B
FCF Margin %	-10.76%	-2.1%	-0.07%	0.17%	0.03%	0.13%	0.17%	0.21%	0.3%	0.32%
FCF Growth %	-0.1%	0.2%	0.86%	4.42%	-0.8%	2.61%	1.11%	1.25%	-0.22%	-0.03%
FCF per Share	-8.60	-6.85	-0.65	2.21	0.45	1.95	3.39	7.64	5.97	5.81
FCF Conversion (FCF/Net Income)	-0.02x	0.00x	1.99x	1.47x	1.32x	1.48x	1.41x	1.66x	0.73x	1.18x
Interest Paid	0	0	0	0	0	0	812M	777M	748M	841M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-34.61%	-29.59%	90.57%	177.07%	155.12%	188.68%	259.35%	-	-	-
Return on Invested Capital (ROIC)	0.02%	1.41%	5.9%	9.76%	9.58%	9.48%	11.27%	16.74%	27.07%	16.96%
Gross Margin	77.4%	48.35%	97.68%	98.18%	42.85%	49.2%	36.95%	25.99%	64.66%	51.13%
Net Margin	-118.14%	-15.54%	11.38%	19.83%	17.18%	19.18%	17.28%	14.52%	44.02%	28.84%
Debt / Equity	16.63x	32.58x	25.11x	20.08x	24.72x	32.80x	24.06x	-	-	-
Interest Coverage	0.02x	0.70x	1.88x	2.70x	2.31x	2.34x	3.08x	3.89x	6.12x	4.10x
FCF Conversion	-0.02x	0.00x	1.99x	1.47x	1.32x	1.48x	1.41x	1.66x	0.73x	1.18x
Revenue Growth	0.5%	307.45%	291.19%	49.3%	6.41%	-9.81%	52.98%	82.38%	-43.83%	-9.93%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Liquefied Natural Gas	-	4.83B	5.21B	-	7.64B	11.51B	9.47B	8.5B
Liquefied Natural Gas Growth	-	-	7.96%	-	-	50.63%	-17.74%	-10.16%
Regasification Service	-	2.6B	2.4B	-	-	800M	135M	135M
Regasification Service Growth	-	-	-7.69%	-	-	-	-83.13%	0.00%
Product and Service, Other	-	-	-	41M	53M	63M	63M	65M
Product and Service, Other Growth	-	-	-	-	29.27%	18.87%	0.00%	3.17%
Liquefied Natural Gas, Affiliate	-	-	-	-	-	2B	-	-
Liquefied Natural Gas, Affiliate Growth	-	-	-	-	-	-	-	-
Suspension Fees and LNG Cover Damages Revenue	-	-	-	553M	-	-	-	-
Suspension Fees and LNG Cover Damages Revenue Growth	-	-	-	-	-	-	-	-
Liquefied Natural Gas, Related Party	-	1.3B	1.31B	662M	1M	-	-	-
Liquefied Natural Gas, Related Party Growth	-	-	1.00%	-49.54%	-99.85%	-	-	-
Product And Service Other, Related Party	-	-	-	-	-	-	-	-
Product And Service Other, Related Party Growth	-	-	-	-	-	-	-	-
Regasification Service, Related Party	-	-	-	-	-	-	-	-
Regasification Service, Related Party Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	1.5B	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-
UNITED STATES	1.4B	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-
IRELAND	787M	-	-	-	-	-	-	-
IRELAND Growth	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	666M	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cheniere Energy Partners, L.P. (CQP) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cheniere Energy Partners, L.P. (CQP) reported $10.31B in revenue for fiscal year 2024. This represents a 3532% increase from $283.8M in 2011.

Cheniere Energy Partners, L.P. (CQP) saw revenue decline by 9.9% over the past year.

Yes, Cheniere Energy Partners, L.P. (CQP) is profitable, generating $2.32B in net income for fiscal year 2024 (28.8% net margin).

Dividend & Returns

Yes, Cheniere Energy Partners, L.P. (CQP) pays a dividend with a yield of 8.59%. This makes it attractive for income-focused investors.

Cheniere Energy Partners, L.P. (CQP) generated $2.71B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Cheniere Energy Partners, L.P. (CQP) 10-Year Financial Performance & Capital Metrics

CQP • • Industrial / General

EnergyMidstream Oil & GasLNG Infrastructure & ShippingLNG Terminal Operators

Revenue $8.7B -9.9%
EBITDA $3.96B -30.6%
Net Income $2.51B -41.0%
EPS (Diluted) 4.25 -38.8%
Gross Margin 51.13% -20.9%
EBITDA Margin 45.5% -23.0%
Operating Margin 37.68% -27.7%
Net Margin 28.84% -34.5%
ROE -
ROIC 16.96% -37.4%
Debt/Equity -
Interest Coverage 4.10 -33.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.4%
✓FCF machine: 32.3% free cash flow margin
✓Healthy 5Y average net margin of 24.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y41.59%

5Y4.94%

3Y-2.65%

TTM15.43%

Profit (Net Income) CAGR

10Y-

5Y16.39%

3Y15.48%

TTM-16.83%

EPS CAGR

10Y-

5Y13.56%

3Y12.31%

TTM-11.45%

ROCE

10Y Avg12.77%

5Y Avg19.01%

3Y Avg23.12%

Latest20.32%

Peer Comparison

LNG Terminal Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LNGCheniere Energy, Inc.	41.64B	193.44	13.62	-22.22%	21.26%	34.94%	7.58%	2.54
CQPCheniere Energy Partners, L.P.	26.03B	53.78	12.65	-9.93%	22.54%		10.81%
VGVenture Global, Inc.	3.54B	7.38	12.10	-37.04%	21.51%	21.56%		4.68

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	270.03M	1.1B	4.3B	6.43B	6.84B	6.17B	9.43B	17.21B	9.66B	8.7B
Revenue Growth %	0%	3.07%	2.91%	0.49%	0.06%	-0.1%	0.53%	0.82%	-0.44%	-0.1%
Cost of Goods Sold+	65.7M	568M	100M	3.93B	3.91B	3.13B	5.95B	12.73B	3.42B	4.25B
COGS % of Revenue	0.24%	0.52%	0.02%	0.61%	0.57%	0.51%	0.63%	0.74%	0.35%	0.49%
Gross Profit+	209M	532M	4.2B	6.31B	2.93B	3.03B	3.49B	4.47B	6.25B	4.45B
Gross Margin %	0.77%	0.48%	0.98%	0.98%	0.43%	0.49%	0.37%	0.26%	0.65%	0.51%
Gross Profit Growth %	-0.01%	1.55%	6.9%	0.5%	-0.54%	0.04%	0.15%	0.28%	0.4%	-0.29%
Operating Expenses+	232M	282.26M	3.05B	4.33B	883M	904M	929M	1.09B	1.21B	1.17B
OpEx % of Revenue	0.86%	0.26%	0.71%	0.67%	0.13%	0.15%	0.1%	0.06%	0.13%	0.13%
Selling, General & Admin	137M	102.85M	92M	86M	113M	110M	94M	97M	99M	100M
SG&A % of Revenue	0.51%	0.09%	0.02%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%
Research & Development	4M	522K	3M	2M	0	0	2M	0	0	0
R&D % of Revenue	0.01%	0%	0%	0%	-	-	0%	-	-	-
Other Operating Expenses	91M	178.89M	2.95B	4.24B	770M	794M	833M	995M	1.11B	1.07B
Operating Income+	3M	250.44M	1.16B	1.98B	2.04B	2.13B	2.56B	3.38B	5.04B	3.28B
Operating Margin %	0.01%	0.23%	0.27%	0.31%	0.3%	0.34%	0.27%	0.2%	0.52%	0.38%
Operating Income Growth %	4.83%	82.48%	3.62%	0.71%	0.03%	0.04%	0.2%	0.32%	0.49%	-0.35%
EBITDA+	68.7M	406.06M	1.5B	2.4B	2.57B	2.68B	3.11B	4.01B	5.71B	3.96B
EBITDA Margin %	0.25%	0.37%	0.35%	0.37%	0.38%	0.43%	0.33%	0.23%	0.59%	0.45%
EBITDA Growth %	0.16%	4.91%	2.68%	0.61%	0.07%	0.04%	0.16%	0.29%	0.42%	-0.31%
D&A (Non-Cash Add-back)	65.7M	155.62M	339M	424M	527M	551M	557M	634M	672M	680M
EBIT	-134M	186M	1.1B	2.01B	2.06B	2.09B	2.46B	3.37B	5.08B	3.31B
Net Interest Income+	-185M	-357M	-614M	-733M	-885M	-909M	-830M	-849M	-777M	-767M
Interest Income	227M	0	0	0	0	0	1M	21M	46M	33M
Interest Expense	184.6M	357M	614M	733M	885M	909M	831M	870M	823M	800M
Other Income/Expense	-321.93M	-421M	-666M	-705M	-865M	-942M	-927M	-882M	-782M	-770M
Pretax Income+	-318.89M	-171.19M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Pretax Margin %	-1.18%	-0.16%	0.11%	0.2%	0.17%	0.19%	0.17%	0.15%	0.44%	0.29%
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	-319M	-171M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Net Margin %	-1.18%	-0.16%	0.11%	0.2%	0.17%	0.19%	0.17%	0.15%	0.44%	0.29%
Net Income Growth %	0.22%	0.46%	3.87%	1.6%	-0.08%	0.01%	0.38%	0.53%	0.7%	-0.41%
Net Income (Continuing)	-319M	-171M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	16.58M	11.18M	12M	-16M	-81M	-175M	-306M	-1.01B	-1.82B	-2.33B
EPS (Diluted)+	-0.43	-0.20	1.20	2.51	2.25	2.32	3.00	3.27	6.95	4.25
EPS Growth %	0.52%	0.53%	7%	1.09%	-0.1%	0.03%	0.29%	0.09%	1.13%	-0.39%
EPS (Basic)	-0.43	-0.20	1.20	2.51	2.25	2.32	3.00	3.27	6.95	4.25
Diluted Shares Outstanding	337.8M	337.8M	484M	484M	484M	399.3M	484M	484M	484M	484M
Basic Shares Outstanding	337.8M	337.8M	484M	484M	484M	399.3M	484M	484M	484M	484M
Dividend Payout Ratio	-	-	0.6%	0.87%	1.07%	1.15%	0.89%	1.05%	0.68%	0.89%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	493.48M	958.26M	2.14B	2.36B	2.71B	2.13B	2.21B	2.62B	1.58B	1.32B
Cash & Short-Term Investments	146.22M	604.94M	1.59B	1.54B	1.78B	1.21B	974M	904M	575M	379M
Cash Only	146.22M	604.94M	1.59B	1.54B	1.78B	1.21B	974M	904M	575M	379M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.01M	189M	354M	462M	402M	502M	954M	1.18B	651M	646M
Days Sales Outstanding	2.72	62.7	30.02	26.24	21.46	29.71	36.91	24.99	24.59	27.09
Inventory	16.67M	97.43M	95M	99M	116M	107M	176M	160M	142M	151M
Days Inventory Outstanding	92.59	62.61	346.75	9.2	10.83	12.47	10.8	4.59	15.18	12.96
Other Current Assets	288.74M	28.89M	65M	26M	250M	172M	108M	201M	129M	149M
Total Non-Current Assets+	12.5B	14.58B	15.41B	15.62B	16.68B	17.01B	17.15B	17.01B	16.52B	16.13B
Property, Plant & Equipment	11.93B	14.16B	15.14B	15.39B	16.46B	16.82B	16.93B	16.81B	16.29B	15.84B
Fixed Asset Turnover	0.02x	0.08x	0.28x	0.42x	0.42x	0.37x	0.56x	1.02x	0.59x	0.55x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	30.37M	27.42M	24M	20M	6M	6M	0	8M	16M	0
Long-Term Investments	43.95M	82.86M	14M	0	32M	11M	33M	28M	40M	98M
Other Non-Current Assets	496.93M	398.48M	268M	239M	209M	182M	185M	199M	172M	191M
Total Assets+	12.83B	15.54B	17.55B	17.97B	19.38B	19.14B	19.36B	19.63B	18.1B	17.45B
Asset Turnover	0.02x	0.07x	0.25x	0.36x	0.35x	0.32x	0.49x	0.88x	0.53x	0.50x
Asset Growth %	0.24%	0.21%	0.13%	0.02%	0.08%	-0.01%	0.01%	0.01%	-0.08%	-0.04%
Total Current Liabilities+	2.07B	855.71M	829M	1.07B	966M	883M	1.34B	2.42B	1.57B	1.71B
Accounts Payable	16.41M	27.16M	12M	15M	40M	12M	21M	32M	69M	62M
Days Payables Outstanding	91.14	17.45	43.8	1.39	3.74	1.4	1.29	0.92	7.37	5.32
Short-Term Debt	1.67B	223.5M	0	0	6M	7M	8M	0	300M	361M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	9.25M	13.28M	0	66M	3M	4M	1.16B	774M	214M	1.17B
Current Ratio	0.24x	1.12x	2.58x	2.21x	2.80x	2.42x	1.64x	1.08x	1.01x	0.77x
Quick Ratio	0.23x	1.01x	2.47x	2.11x	2.68x	2.30x	1.51x	1.02x	0.92x	0.69x
Cash Conversion Cycle	4.16	107.86	332.97	34.05	28.56	40.78	46.42	28.66	32.39	34.73
Total Non-Current Liabilities+	10.22B	14.24B	16.09B	16.11B	17.7B	17.72B	17.3B	19.34B	17.32B	16.25B
Long-Term Debt	10.18B	14.21B	16.05B	16.07B	17.58B	17.58B	17.18B	16.2B	15.61B	14.76B
Capital Lease Obligations	0	0	0	0	87M	90M	89M	98M	85M	143M
Deferred Tax Liabilities	0	2M	3M	0	0	0	0	0	0	0
Other Non-Current Liabilities	29.38M	28.85M	38M	40M	37M	53M	29M	3.05B	1.63B	1.35B
Total Liabilities	12.12B	15.1B	16.91B	17.17B	18.67B	18.61B	18.64B	21.76B	18.89B	17.96B
Total Debt+	11.85B	14.43B	16.05B	16.07B	17.67B	17.68B	17.27B	16.31B	15.99B	15.27B
Net Debt	11.71B	13.83B	14.46B	14.53B	15.89B	16.47B	16.3B	15.4B	15.42B	14.89B
Debt / Equity	16.63x	32.58x	25.11x	20.08x	24.72x	32.80x	24.06x	-	-	-
Debt / EBITDA	172.55x	35.54x	10.73x	6.69x	6.88x	6.61x	5.55x	4.06x	2.80x	3.85x
Net Debt / EBITDA	170.42x	34.05x	9.67x	6.04x	6.19x	6.15x	5.23x	3.84x	2.70x	3.76x
Interest Coverage	0.02x	0.70x	1.88x	2.70x	2.31x	2.34x	3.08x	3.89x	6.12x	4.10x
Total Equity+	712.93M	443M	639M	800M	715M	539M	718M	-2.13B	-784M	-509M
Equity Growth %	-0.37%	-0.38%	0.44%	0.25%	-0.11%	-0.25%	0.33%	-3.97%	0.63%	0.35%
Book Value per Share	2.11	1.31	1.32	1.65	1.48	1.35	1.48	-4.40	-1.62	-1.05
Total Shareholders' Equity	696.35M	432M	627M	816M	796M	714M	1.02B	-1.12B	1.04B	1.82B
Common Stock	696.35M	431.88M	627M	816M	796M	714M	1.02B	0	1.04B	1.82B
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-417.22M	-565.99M	-897M	-1.31B	796M	0	0	-1.12B	0	0
Minority Interest	16.58M	11.18M	12M	-16M	-81M	-175M	-306M	-1.01B	-1.82B	-2.33B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.75M	-249K	977M	1.87B	1.55B	1.75B	2.29B	4.15B	3.11B	2.97B
Operating CF Margin %	0.02%	-0%	0.23%	0.29%	0.23%	0.28%	0.24%	0.24%	0.32%	0.34%
Operating CF Growth %	-0.52%	-1.04%	3924.69%	0.92%	-0.17%	0.13%	0.31%	0.81%	-0.25%	-0.05%
Net Income	-318.89M	-171.19M	490M	1.27B	1.18B	1.18B	1.63B	2.5B	4.25B	2.51B
Depreciation & Amortization	65.7M	155.62M	339M	424M	527M	551M	557M	634M	672M	680M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	268.67M	46.19M	115M	174M	-4M	137M	109M	1.16B	-2.03B	-328M
Working Capital Changes	-9.74M	-30.86M	33M	2M	-151M	-120M	-5M	-146M	213M	106M
Change in Receivables	1.51M	-188.15M	-163M	-75M	25M	-101M	-237M	-447M	527M	106M
Change in Inventory	-25.04M	-58.03M	13M	-5M	-16M	8M	-68M	12M	18M	-10M
Change in Payables	-996K	166.71M	210M	183M	-126M	21M	321M	354M	-467M	6M
Cash from Investing+	-2.97B	-2.35B	-1.29B	-804M	-1.33B	-972M	-648M	-451M	-227M	-162M
Capital Expenditures	-2.91B	-2.32B	-1.29B	-804M	-1.33B	-972M	-648M	-451M	-220M	-154M
CapEx % of Revenue	10.78%	2.1%	0.3%	0.13%	0.19%	0.16%	0.07%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-62.45M	-38.32M	0	0	-1M	0	0	0	-7M	-8M
Cash from Financing+	2.59B	2.52B	1.3B	-1.12B	206M	-1.43B	-1.98B	-3.68B	-3.25B	-3.06B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-99.02M	-99.03M	-294M	-1.11B	-1.26B	-1.36B	-1.45B	-2.63B	-2.91B	-2.23B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-169.98M	-128.81M	-50M	-15M	-34M	-70M	-107M	-40M	-37M	-21M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.91B	-2.32B	-313M	1.07B	216M	779M	1.64B	3.7B	2.89B	2.81B
FCF Margin %	-10.76%	-2.1%	-0.07%	0.17%	0.03%	0.13%	0.17%	0.21%	0.3%	0.32%
FCF Growth %	-0.1%	0.2%	0.86%	4.42%	-0.8%	2.61%	1.11%	1.25%	-0.22%	-0.03%
FCF per Share	-8.60	-6.85	-0.65	2.21	0.45	1.95	3.39	7.64	5.97	5.81
FCF Conversion (FCF/Net Income)	-0.02x	0.00x	1.99x	1.47x	1.32x	1.48x	1.41x	1.66x	0.73x	1.18x
Interest Paid	0	0	0	0	0	0	812M	777M	748M	841M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-34.61%	-29.59%	90.57%	177.07%	155.12%	188.68%	259.35%	-	-	-
Return on Invested Capital (ROIC)	0.02%	1.41%	5.9%	9.76%	9.58%	9.48%	11.27%	16.74%	27.07%	16.96%
Gross Margin	77.4%	48.35%	97.68%	98.18%	42.85%	49.2%	36.95%	25.99%	64.66%	51.13%
Net Margin	-118.14%	-15.54%	11.38%	19.83%	17.18%	19.18%	17.28%	14.52%	44.02%	28.84%
Debt / Equity	16.63x	32.58x	25.11x	20.08x	24.72x	32.80x	24.06x	-	-	-
Interest Coverage	0.02x	0.70x	1.88x	2.70x	2.31x	2.34x	3.08x	3.89x	6.12x	4.10x
FCF Conversion	-0.02x	0.00x	1.99x	1.47x	1.32x	1.48x	1.41x	1.66x	0.73x	1.18x
Revenue Growth	0.5%	307.45%	291.19%	49.3%	6.41%	-9.81%	52.98%	82.38%	-43.83%	-9.93%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Liquefied Natural Gas	-	4.83B	5.21B	-	7.64B	11.51B	9.47B	8.5B
Liquefied Natural Gas Growth	-	-	7.96%	-	-	50.63%	-17.74%	-10.16%
Regasification Service	-	2.6B	2.4B	-	-	800M	135M	135M
Regasification Service Growth	-	-	-7.69%	-	-	-	-83.13%	0.00%
Product and Service, Other	-	-	-	41M	53M	63M	63M	65M
Product and Service, Other Growth	-	-	-	-	29.27%	18.87%	0.00%	3.17%
Liquefied Natural Gas, Affiliate	-	-	-	-	-	2B	-	-
Liquefied Natural Gas, Affiliate Growth	-	-	-	-	-	-	-	-
Suspension Fees and LNG Cover Damages Revenue	-	-	-	553M	-	-	-	-
Suspension Fees and LNG Cover Damages Revenue Growth	-	-	-	-	-	-	-	-
Liquefied Natural Gas, Related Party	-	1.3B	1.31B	662M	1M	-	-	-
Liquefied Natural Gas, Related Party Growth	-	-	1.00%	-49.54%	-99.85%	-	-	-
Product And Service Other, Related Party	-	-	-	-	-	-	-	-
Product And Service Other, Related Party Growth	-	-	-	-	-	-	-	-
Regasification Service, Related Party	-	-	-	-	-	-	-	-
Regasification Service, Related Party Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	1.5B	-	-	-	-	-	-	-
Non-US Growth	-	-	-	-	-	-	-	-
UNITED STATES	1.4B	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-
IRELAND	787M	-	-	-	-	-	-	-
IRELAND Growth	-	-	-	-	-	-	-	-
KOREA, REPUBLIC OF	666M	-	-	-	-	-	-	-
KOREA, REPUBLIC OF Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Cheniere Energy Partners, L.P. (CQP) has a price-to-earnings (P/E) ratio of 12.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cheniere Energy Partners, L.P. (CQP) reported $10.31B in revenue for fiscal year 2024. This represents a 3532% increase from $283.8M in 2011.

Cheniere Energy Partners, L.P. (CQP) saw revenue decline by 9.9% over the past year.

Yes, Cheniere Energy Partners, L.P. (CQP) is profitable, generating $2.32B in net income for fiscal year 2024 (28.8% net margin).

Dividend & Returns

Yes, Cheniere Energy Partners, L.P. (CQP) pays a dividend with a yield of 8.59%. This makes it attractive for income-focused investors.

Cheniere Energy Partners, L.P. (CQP) generated $2.71B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.