Our Business We shipped our first LNG cargo in February 2016 and as of February 20, 2026, over 3,270 cumulative LNG cargoes totaling over 225 million tonnes of LNG have been produced, loaded and exported from the Liquefaction Project. Below is a discussion of our operations. For further discussion of our contractual obligations and cash requirements related to these operations, refer to Liquidity and Capital Resources in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. Sabine Pass LNG Terminal The Sabine Pass LNG Terminal, as described above under the caption General, is one of the largest LNG production facilities in the world with over 30 mtpa of total production capacity, five storage tanks and three marine berths.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 10.8B | 10.8B | 8.7B | 9.7B | 17.2B | 9.4B |
| Net Income | 3.0B | 3.0B | 2.5B | 4.3B | 2.5B | 1.6B |
| EPS | $6.17 | $6.17 | $5.19 | $8.79 | $5.16 | $3.00 |
| Free Cash Flow | 2.6B | 2.6B | 2.8B | 2.9B | 3.7B | 1.6B |
| ROIC | 24.7% | 25.4% | 22.8% | 35.3% | 27.4% | 15.7% |
| Gross Margin | 52.2% | 52.2% | 58.9% | 71.6% | 29.7% | 43.9% |
| Debt/Equity | 35.68 | 35.68 | -30.38 | -20.67 | -7.64 | 24.08 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 3.7B | 3.7B | 3.3B | 5.0B | 3.4B | 2.6B |
| Operating Margin | 34.4% | 34.4% | 37.7% | 52.1% | 19.6% | 27.1% |
| ROE | 721.5% | 721.5% | - | - | - | 227.0% |
| Shares Outstanding | 484M | 484M | 484M | 484M | 484M | 543M |
Cheniere Energy Partners, L.P. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Cheniere Energy Partners, L.P. trades at 10.1x trailing earnings, compared to its 15-year median P/E of 9.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.7x vs a median of 10.2x. The company's 5-year average ROIC is 25.3% with a gross margin of 51.3%. At current prices, the estimated annualized return to fair value is +40.8%.
Cheniere Energy Partners, L.P. (CQP) has a current P/E ratio of 10.1, compared to its historical median P/E of 9.0. The stock is currently considered Fair based on its historical valuation range.
Cheniere Energy Partners, L.P. (CQP) has a 5-year average return on invested capital (ROIC) of 25.3%. This indicates strong capital allocation and a potential competitive advantage.
Cheniere Energy Partners, L.P. (CQP) has a market capitalization of $30.1B. It is classified as a large-cap stock.
Cheniere Energy Partners, L.P. (CQP) does not currently pay a regular dividend.
Based on historical P/E analysis, Cheniere Energy Partners, L.P. (CQP) appears fair. The current P/E of 10.1 is 12% above its historical median of 9.0. The estimated fair value CAGR (P/E method) is 27.7%.
Cheniere Energy Partners, L.P. (CQP) operates in the Natural Gas Distribution industry, within the Utilities sector.
Cheniere Energy Partners, L.P. (CQP) reported annual revenue of $10.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Cheniere Energy Partners, L.P. (CQP) has a net profit margin of 27.8%. This is a strong margin indicating high profitability.
Cheniere Energy Partners, L.P. (CQP) generated $2.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Cheniere Energy Partners, L.P. (CQP) has a debt-to-equity ratio of 35.68. This indicates higher leverage, which may increase financial risk.
Cheniere Energy Partners, L.P. (CQP) reported earnings per share (EPS) of $6.17 in its most recent fiscal year.
Cheniere Energy Partners, L.P. (CQP) has a return on equity (ROE) of 721.5%. This indicates the company generates strong returns for shareholders.
Cheniere Energy Partners, L.P. (CQP) has a 5-year average gross margin of 51.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Cheniere Energy Partners, L.P. (CQP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Cheniere Energy Partners, L.P. (CQP) has a book value per share of $0.86, based on its most recent annual SEC filing.