CQP Financials Cheniere Energy Partners, L.P.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 11.8% per year over the past 5 years.
Net income has grown faster than revenue (20.4% vs 11.8% per year).
Operating margin has been roughly flat, at 34.4% in the latest year.
Free cash flow has grown 27.0% per year over the past 5 years.

Financial health

Total debt ($14.2B) exceeds cash ($182M); net debt is $14.0B.
Total debt has grown slower than revenue (-4.2% vs 11.8% per year).
Operating income covered interest expense 4.9× in the latest year.
Total debt is 3.2× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$10.8B	$3.0B	0.0%	34.4%	$2.6B	$14.2B	$182M
2024	$8.7B	$2.5B	0.0%	37.7%	$2.8B	$14.8B	$270M
2023	$9.7B	$4.3B	0.0%	52.1%	$2.9B	$15.6B	$575M
2022	$17.2B	$2.5B	0.0%	19.6%	$3.7B	$16.2B	$904M
2021	$9.4B	$1.6B	0.0%	27.1%	$1.6B	$17.2B	$876M
2020	$6.2B	$1.2B	0.0%	34.5%	$779M	$17.6B	$1.2B
2019	$6.8B	$1.2B	0.0%	29.8%	$216M	$17.6B	$1.8B
2018	$6.4B	$1.3B	47.1%	30.8%	$1.1B	$16.1B	$0
2017	$4.3B	$490M	46.1%	26.9%	-$313M	$16.0B	$0
2016	$1.1B	-$171M	62.6%	22.8%	-$2.3B	$14.4B	$0
2015	$270M	-$319M	0.0%	1.1%	-$3.1B	$11.7B	$146M
2014	—	-$410M	—	—	-$2.8B	$9.0B	$249M
2013	—	-$258M	—	—	-$3.1B	$6.6B	$351M
2012	—	-$175M	—	—	-$1.2B	$2.2B	$419M
2011	—	-$54M	—	—	-$554000	$2.2B	$81M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$3.6B	$186M	0.0%	10.0%	$879M	$12.6B	$279M
Dec '25	$2.9B	$1.3B	0.0%	50.5%	$864M	$14.2B	$182M
Sep '25	$2.4B	$506M	0.0%	29.0%	$610M	$14.2B	$121M
Jun '25	$2.5B	$553M	0.0%	29.1%	$490M	$14.2B	$108M
Mar '25	$3.0B	$641M	0.0%	27.6%	$605M	$14.7B	$94M
Dec '24	$2.5B	$623M	0.0%	33.0%	$827M	$14.8B	$270M
Sep '24	$2.1B	$635M	0.0%	40.2%	$652M	$14.8B	$331M
Jun '24	$1.9B	$570M	0.0%	40.4%	$702M	$14.8B	$351M
Mar '24	$2.3B	$682M	0.0%	38.1%	$633M	$13.6B	$333M
Dec '23	$2.7B	$906M	0.0%	41.0%	$866M	$15.6B	$575M
Sep '23	$2.1B	$791M	0.0%	46.4%	$634M	$15.6B	$499M
Jun '23	$1.9B	$622M	0.0%	42.3%	$631M	$15.6B	$1.8B
Mar '23	$2.9B	$1.9B	0.0%	73.0%	$758M	$16.1B	$834M
Dec '22	$4.7B	$2.5B	0.0%	58.5%	$1.6B	$16.2B	$904M
Sep '22	$5.0B	-$514M	0.0%	-6.0%	$739M	$14.2B	$988M
Jun '22	$4.2B	$342M	0.0%	13.3%	$634M	$14.2B	$1.1B
Mar '22	$3.3B	$159M	0.0%	10.9%	$713M	$17.2B	$1.2B
Dec '21	$3.3B	$507M	0.0%	22.1%	$471M	$17.2B	$876M
Sep '21	$2.3B	$381M	0.0%	26.5%	$413M	$18.1B	$1.7B
Jun '21	$1.9B	$395M	0.0%	32.0%	$317M	$17.6B	$1.2B

Valuation over time

How the market has priced CQP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 9.2× (Mar '23) to 9.8× (Jun '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 2.7× (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is CQP growing its revenue and profit?

Over the past 5 years, Cheniere Energy Partners, L.P.'s revenue has grown 11.8% per year, and net income grown 20.4% per year. These are computed facts, not advice.

How much debt does CQP have?

As of FY2025, Cheniere Energy Partners, L.P. reported $14.2B of total debt against $182M of cash; operating income covered interest expense 4.9×.

What is CQP's profit margin?

In FY2025, gross margin was —, operating margin 34.4%, and net margin 27.8%.

What is CQP's P/E ratio?

As of Jun '26, Cheniere Energy Partners, L.P. traded at a price-to-earnings ratio of about 9.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.