Cheniere Energy Partners, L.P. (CQP) Financial Ratios
21 years of historical data (2005–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
9.97
+1% vs avg
5yr avg: 9.82
30Y Low6.9·High65.4
P/FCF
↓
10.94
+15% vs avg
5yr avg: 9.49
30Y Low7.4·High89.2
P/B Ratio
↑
67.87
↑+49% vs avg
5yr avg: 45.50
30Y Low3.1·High62.5
ROE
↑
721.5%
↓+47% vs avg
5yr avg: 490.4%
30Y Low-35%·High259%
Debt/EBITDA
↓
3.44
↓-13% vs avg
5yr avg: 3.94
30Y Low2.8·High35.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CQP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cheniere Energy Partners, L.P. trades at 9.4x earnings, 21% below its 5-year average of 12.0x, sitting at the 18th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 39%. On a free-cash-flow basis, the stock trades at 10.9x P/FCF, 15% above the 5-year average of 9.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $28.1B | $25.9B | $25.7B | $24.1B | $27.5B | $20.4B | $14.1B | $19.3B | $17.5B | $14.3B | $9.7B |
| Enterprise Value | $42.6B | $40.4B | $40.6B | $39.5B | $42.9B | $36.7B | $30.5B | $35.2B | $32.0B | $28.8B | $23.6B |
| P/E Ratio → | 9.41 | 8.67 | 12.50 | 7.16 | 17.39 | 14.08 | 15.19 | 17.69 | 14.38 | 24.70 | — |
| P/S Ratio | 2.61 | 2.41 | 2.95 | 2.49 | 1.60 | 2.17 | 2.28 | 2.82 | 2.72 | 3.33 | 8.85 |
| P/B Ratio | 67.87 | 62.52 | — | — | — | 28.47 | 26.11 | 26.95 | 21.84 | 22.45 | 21.98 |
| P/FCF | 10.94 | 10.08 | 9.14 | 8.34 | 7.44 | 12.44 | 18.07 | 89.20 | 16.33 | — | — |
| P/OCF | 10.15 | 9.35 | 8.66 | 7.75 | 6.63 | 8.92 | 8.04 | 12.46 | 9.32 | 14.68 | — |
P/E links to full P/E history page with 30-year chart
CQP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cheniere Energy Partners, L.P.'s enterprise value stands at 10.0x EBITDA, roughly in line with its 5-year average of 9.8x. The Energy sector median is 7.8x, placing the stock at a 27% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.75 | 4.66 | 4.09 | 2.49 | 3.89 | 4.95 | 5.14 | 4.98 | 6.69 | 21.42 |
| EV / EBITDA | 9.97 | 9.45 | 10.25 | 6.92 | 10.69 | 11.80 | 11.41 | 13.70 | 13.32 | 19.27 | 58.03 |
| EV / EBIT | 11.88 | 10.79 | 12.26 | 7.78 | 12.75 | 14.93 | 14.60 | 17.07 | 15.94 | 26.09 | 126.68 |
| EV / FCF | — | 15.71 | 14.43 | 13.68 | 11.61 | 22.36 | 39.21 | 162.77 | 29.90 | — | — |
CQP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cheniere Energy Partners, L.P. earns an operating margin of 33.3%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 52.1% to 33.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 721.5% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 7.2%. ROIC of 18.4% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.3% | 34.3% | 51.1% | 64.7% | 26.0% | 37.0% | 49.2% | 42.8% | 98.2% | 97.7% | 48.4% |
| Operating Margin | 33.3% | 33.3% | 37.7% | 52.1% | 19.6% | 27.1% | 34.5% | 29.8% | 30.8% | 26.9% | 22.8% |
| Net Profit Margin | 27.8% | 27.8% | 28.8% | 44.0% | 14.5% | 17.3% | 19.2% | 17.2% | 19.8% | 11.4% | -15.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 721.5% | 721.5% | — | — | — | 259.3% | 188.7% | 155.1% | 177.1% | 90.6% | -29.6% |
| ROA | 17.1% | 17.1% | 14.1% | 22.5% | 12.8% | 8.5% | 6.1% | 6.3% | 7.2% | 3.0% | -1.2% |
| ROIC | 18.4% | 18.4% | 17.0% | 27.1% | 16.7% | 11.3% | 9.5% | 9.6% | 9.8% | 5.9% | 1.4% |
| ROCE | 22.8% | 22.8% | 20.3% | 29.8% | 19.2% | 14.1% | 11.6% | 11.6% | 11.8% | 7.4% | 2.0% |
CQP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cheniere Energy Partners, L.P. carries a Debt/EBITDA ratio of 3.4x, which is moderately leveraged (32% above the sector average of 2.6x). Net debt stands at $14.5B ($14.7B total debt minus $201M cash). Interest coverage of 5.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 35.47 | 35.47 | — | — | — | 24.06 | 32.80 | 24.72 | 20.08 | 25.11 | 32.58 |
| Debt / EBITDA | 3.44 | 3.44 | 3.85 | 2.80 | 4.06 | 5.55 | 6.61 | 6.88 | 6.69 | 10.73 | 35.54 |
| Net Debt / Equity | — | 34.99 | — | — | — | 22.70 | 30.55 | 22.23 | 18.16 | 22.62 | 31.21 |
| Net Debt / EBITDA | 3.39 | 3.39 | 3.76 | 2.70 | 3.84 | 5.23 | 6.15 | 6.19 | 6.04 | 9.67 | 34.05 |
| Debt / FCF | — | 5.64 | 5.29 | 5.34 | 4.16 | 9.92 | 21.14 | 73.57 | 13.57 | — | — |
| Interest Coverage | 4.97 | 4.97 | 4.14 | 6.17 | 3.87 | 2.96 | 2.30 | 2.33 | 2.74 | 1.80 | 0.52 |
CQP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.78x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.01x to 0.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.78 | 0.78 | 0.77 | 1.01 | 1.08 | 1.64 | 2.42 | 2.80 | 2.21 | 2.58 | 1.12 |
| Quick Ratio | 0.68 | 0.68 | 0.69 | 0.92 | 1.02 | 1.51 | 2.30 | 2.68 | 2.11 | 2.47 | 1.01 |
| Cash Ratio | 0.12 | 0.12 | 0.22 | 0.37 | 0.37 | 0.72 | 1.37 | 1.84 | 1.44 | 1.92 | 0.71 |
| Asset Turnover | — | 0.62 | 0.50 | 0.53 | 0.88 | 0.49 | 0.32 | 0.35 | 0.36 | 0.25 | 0.07 |
| Inventory Turnover | 39.24 | 39.24 | 28.17 | 24.05 | 79.59 | 33.80 | 29.28 | 33.69 | 39.69 | 1.05 | 5.83 |
| Days Sales Outstanding | — | 30.33 | 27.09 | 24.59 | 24.99 | 36.91 | 29.71 | 21.46 | 26.24 | 30.02 | 62.70 |
CQP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cheniere Energy Partners, L.P. returns 7.3% to shareholders annually primarily through dividends. A payout ratio of 69.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 10.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.3% | 8.0% | 8.7% | 12.1% | 9.6% | 7.1% | 9.7% | 6.5% | 6.4% | 2.0% | 1.0% |
| Payout Ratio | 69.1% | 69.1% | 89.0% | 68.3% | 105.5% | 89.0% | 114.9% | 107.2% | 87.4% | 60.0% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.6% | 11.5% | 8.0% | 14.0% | 5.7% | 7.1% | 6.6% | 5.7% | 7.0% | 4.0% | — |
| FCF Yield | 9.1% | 9.9% | 10.9% | 12.0% | 13.4% | 8.0% | 5.5% | 1.1% | 6.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.3% | 8.0% | 8.7% | 12.1% | 9.6% | 7.1% | 9.7% | 6.5% | 6.4% | 2.0% | 1.0% |
| Shares Outstanding | — | $484M | $484M | $484M | $484M | $484M | $399M | $484M | $484M | $484M | $338M |
Peer Comparison
Compare CQP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CQPYou | $28B | 9.4 | 10.0 | 10.9 | 34.3% | 33.3% | 721.5% | 18.4% | 3.4 |
 LNG | $48B | 9.4 | 10.3 | 19.3 | 29.0% | 27.0% | 46.1% | 10.9% | 3.9 |
 NFE | $124M | -0.1 | 116.2 | — | 9.1% | -11.3% | -159.7% | -1.3% | 119.5 |
 NEXT | $2B | -6.3 | — | — | — | — | -15.1% | -2.1% | — |
 GLNG | $5B | 76.3 | 35.9 | — | 46.9% | 34.4% | 3.0% | 2.9% | 14.9 |
 ET | $65B | 13.9 | 9.1 | 16.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 EPD | $79B | 13.8 | 11.8 | 26.7 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 KMI | $70B | 23.1 | 14.1 | 21.8 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 WMB | $89B | 34.2 | 17.6 | 89.0 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
 MPLX | $58B | 11.8 | 13.4 | 14.1 | 45.2% | 40.3% | 34.4% | 9.9% | 4.3 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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CQP — Frequently Asked Questions
Quick answers to the most common questions about buying CQP stock.
What is Cheniere Energy Partners, L.P.'s P/E ratio?
Cheniere Energy Partners, L.P.'s current P/E ratio is 9.4x. The historical average is 20.3x. This places it at the 18th percentile of its historical range.
What is Cheniere Energy Partners, L.P.'s EV/EBITDA?
Cheniere Energy Partners, L.P.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.5x.
What is Cheniere Energy Partners, L.P.'s ROE?
Cheniere Energy Partners, L.P.'s return on equity (ROE) is 721.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 65.9%.
Is CQP stock overvalued?
Based on historical data, Cheniere Energy Partners, L.P. is trading at a P/E of 9.4x. This is at the 18th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cheniere Energy Partners, L.P.'s dividend yield?
Cheniere Energy Partners, L.P.'s current dividend yield is 7.35% with a payout ratio of 69.1%.
What are Cheniere Energy Partners, L.P.'s profit margins?
Cheniere Energy Partners, L.P. has 34.3% gross margin and 33.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cheniere Energy Partners, L.P. have?
Cheniere Energy Partners, L.P.'s Debt/EBITDA ratio is 3.4x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.