Cheniere Energy Partners (CQP) Financials

$66.40 -0.30 (-0.44%)

Closing price 03:59 PM Eastern

Extended Trading

$66.42 +0.02 (+0.02%)

As of 04:10 PM Eastern

Annual Income Statements for Cheniere Energy Partners

This table shows Cheniere Energy Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-319	-171	490	1,274	1,175	1,183	1,630	2,498	4,254	2,510	2,987
Consolidated Net Income / (Loss)	-319	-171	490	1,274	1,175	1,183	1,630	2,498	4,254	2,510	2,987
Net Income / (Loss) Continuing Operations	-319	-171	490	1,274	1,173	1,181	1,629	2,498	4,254	2,510	2,987
Total Pre-Tax Income	-319	-171	490	1,274	1,173	1,181	1,629	2,498	4,254	2,510	2,987
Total Operating Income	3.00	250	1,156	1,979	2,040	2,125	2,557	3,380	5,036	3,280	3,706
Total Gross Profit	301	690	1,984	3,023	3,464	3,662	4,043	5,106	6,921	8,704	5,613
Total Revenue	270	1,100	4,304	6,426	6,838	6,167	9,434	17,206	9,664	8,704	10,758
Operating Revenue	270	1,092	-	-	6,838	-	-	17,206	9,664	8,704	10,758
Total Cost of Revenue	-31	410	2,320	3,403	3,374	2,505	5,391	12,100	2,743	0.00	5,145
Operating Cost of Revenue	-31	410	2,320	3,403	3,374	2,505	5,391	12,100	2,743	-	5,145
Total Operating Expenses	298	440	828	1,044	1,424	1,537	1,486	1,726	1,885	5,424	1,907
Selling, General & Admin Expense	199	230	384	493	745	744	929	1,092	1,213	1,170	1,219
Depreciation Expense	66	156	339	424	527	551	557	634	672	680	688
Total Other Income / (Expense), net	-322	-421	-666	-705	-867	-944	-928	-882	-782	-770	-719
Interest Expense	281	429	681	745	898	952	932	903	829	803	761
Interest & Investment Income	-	-	-	-	-	-	-	21	46	33	18
Other Income / (Expense), net	-41	8.00	15	40	31	8.00	4.00	0.00	1.00	0.00	24
Basic Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Weighted Average Basic Shares Outstanding	57.10M	57.10M	178.50M	348.60M	348.60M	399.30M	484M	484M	484M	484M	484.05M
Diluted Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Weighted Average Diluted Shares Outstanding	57.10M	57.10M	178.50M	348.60M	348.60M	399.30M	484M	484M	484M	484M	484.05M
Basic & Diluted Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Weighted Average Basic & Diluted Shares Outstanding	57.10M	57.10M	178.50M	348.60M	348.60M	399.30M	484M	484M	484M	484M	484M

This table shows Cheniere Energy Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	622	791	906	682	570	635	623	641	553	506	1,287
Consolidated Net Income / (Loss)	622	791	906	682	570	635	623	641	553	506	1,287
Net Income / (Loss) Continuing Operations	622	791	920	682	570	635	623	641	553	506	1,287
Total Pre-Tax Income	622	791	920	682	570	635	623	641	553	506	1,287
Total Operating Income	818	988	1,101	875	766	827	812	826	715	696	1,469
Total Gross Profit	1,329	1,444	1,561	1,327	1,233	2,055	4,862	2,989	2,455	2,404	-2,235
Total Revenue	1,933	2,128	2,686	2,295	1,894	2,055	2,460	2,989	2,455	2,404	2,910
Operating Revenue	1,933	2,128	-	2,295	1,894	2,055	2,460	2,989	2,455	2,404	2,910
Total Cost of Revenue	604	684	1,125	968	661	0.00	-2,402	0.00	0.00	0.00	5,145
Total Operating Expenses	511	456	460	452	467	1,228	4,050	2,163	1,740	1,708	-3,704
Selling, General & Admin Expense	344	290	288	284	297	284	305	289	373	257	300
Depreciation Expense	167	166	172	168	170	171	171	171	171	173	173
Total Other Income / (Expense), net	-196	-197	-181	-193	-196	-192	-189	-185	-162	-190	-182
Interest Expense	209	209	203	202	205	199	197	190	188	196	187
Interest & Investment Income	13	12	-	9.00	9.00	7.00	8.00	5.00	4.00	5.00	4.00
Basic Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Weighted Average Basic Shares Outstanding	484M	484M	484M	484M	484M	484M	484.05M	484.05M	484.05M	484.05M	484.05M
Diluted Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Weighted Average Diluted Shares Outstanding	484M	484M	484M	484M	484M	484M	484.05M	484.05M	484.05M	484.05M	484.05M
Basic & Diluted Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Weighted Average Basic & Diluted Shares Outstanding	484M	484M	484M	484M	484M	484M	484M	484M	484M	484M	484M

This table details how cash moves in and out of Cheniere Energy Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-555	171	984	-48	421	-655	-333	-40	-365	-252	-178
Net Cash From Operating Activities	-171	0.00	977	1,874	1,547	1,751	2,291	4,149	3,109	2,968	2,768
Net Cash From Continuing Operating Activities	-171	0.00	977	1,874	1,540	1,755	2,291	4,087	3,109	2,968	2,768
Net Income / (Loss) Continuing Operations	-319	-171	490	1,274	1,175	1,183	1,630	2,498	4,254	2,510	2,987
Consolidated Net Income / (Loss)	-319	-171	490	1,274	1,175	1,183	1,630	2,498	4,254	2,510	2,987
Depreciation Expense	66	156	339	424	527	551	557	634	672	680	688
Amortization Expense	12	30	36	30	34	32	29	30	28	26	23
Non-Cash Adjustments To Reconcile Net Income	80	17	79	144	-36	105	80	1,133	-2,058	-354	-732
Changes in Operating Assets and Liabilities, net	-10	-32	33	2.00	-160	-116	-5.00	-208	213	106	-198
Net Cash From Investing Activities	-2,975	-2,353	-1,290	-804	-1,332	-972	-648	-451	-227	-162	-204
Net Cash From Continuing Investing Activities	-2,975	-2,353	-1,290	-804	-1,332	-972	-648	-451	-227	-162	-204
Purchase of Property, Plant & Equipment	-2,913	-2,315	-1,290	-804	-1,331	-972	-648	-451	-220	-154	-199
Other Investing Activities, net	-62	-38	0.00	0.00	-1.00	-	0.00	0.00	-7.00	-8.00	-5.00
Net Cash From Financing Activities	2,591	2,524	1,297	-1,118	206	-1,434	-1,976	-3,676	-3,247	-3,058	-2,742
Net Cash From Continuing Financing Activities	2,591	2,524	1,297	-1,125	206	-1,434	-1,976	-3,676	-3,247	-3,058	-2,742
Repayment of Debt	-170	-5,380	-2,223	-1,112	-764	-2,070	-3,707	-1,600	-1,737	-2,051	-1,940
Payment of Dividends	-99	-99	-294	-1,113	-1,260	-1,359	-1,451	-2,635	-2,907	-2,235	-2,064
Issuance of Debt	2,860	8,003	3,814	1,100	2,230	1,995	3,182	559	1,397	1,228	1,262

This table details how cash moves in and out of Cheniere Energy Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	1,081	-1,541	97	-239	27	-8.00	-32	-209	-26	20	37
Net Cash From Operating Activities	691	655	916	669	732	691	876	665	558	658	887
Net Cash From Continuing Operating Activities	691	655	916	669	732	691	876	663	560	658	887
Net Income / (Loss) Continuing Operations	622	791	906	682	570	635	623	641	553	506	1,287
Consolidated Net Income / (Loss)	622	791	906	682	570	635	623	641	553	506	1,287
Depreciation Expense	167	166	172	168	170	171	171	171	171	173	173
Amortization Expense	8.00	7.00	6.00	7.00	6.00	7.00	6.00	6.00	6.00	6.00	5.00
Non-Cash Adjustments To Reconcile Net Income	-222	-352	-219	-38	-97	-142	-77	0.00	-125	41	-648
Changes in Operating Assets and Liabilities, net	116	43	51	-150	83	20	153	-155	-45	-68	70
Net Cash From Investing Activities	-61	-21	-51	-37	-32	-43	-50	-61	-70	-49	-24
Net Cash From Continuing Investing Activities	-61	-21	-51	-37	-32	-43	-50	-61	-70	-49	-24
Purchase of Property, Plant & Equipment	-60	-21	-50	-36	-30	-39	-49	-60	-68	-48	-23
Other Investing Activities, net	-1.00	-	-1.00	-1.00	-2.00	-4.00	-1.00	-1.00	-2.00	-1.00	-1.00
Net Cash From Financing Activities	451	-2,175	-768	-871	-673	-656	-858	-813	-514	-589	-826
Net Cash From Continuing Financing Activities	451	-2,175	-768	-871	-673	-656	-858	-813	-514	-589	-826
Repayment of Debt	-228	-1,457	-51	-151	-1,397	-151	-352	-426	-141	-1,072	-301
Payment of Dividends	-718	-718	-717	-720	-504	-505	-506	-512	-513	-514	-525

This table presents Cheniere Energy Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	12,833	15,542	17,553	17,974	19,384	19,145	19,358	19,633	18,102	17,453	17,437
Total Current Assets	493	958	2,139	2,356	2,707	2,135	2,212	2,620	1,581	1,325	1,338
Cash & Equivalents	146	0.00	0.00	0.00	1,781	1,210	876	904	575	270	182
Restricted Cash	275	605	1,589	1,541	181	97	98	92	56	109	19
Note & Lease Receivable	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Accounts Receivable	2.01	189	354	462	402	502	813	1,355	735	646	894
Inventories, net	17	97	95	99	116	107	176	160	142	151	180
Prepaid Expenses	-	-	-	-	-	-	-	-	-	42	42
Other Current Assets	54	67	101	254	227	219	249	109	73	107	21
Plant, Property, & Equipment, net	11,932	14,158	15,139	15,390	16,368	16,723	16,830	16,725	16,212	15,760	15,259
Total Noncurrent Assets	408	426	275	206	289	270	316	288	309	368	840
Other Noncurrent Operating Assets	394	426	275	206	289	270	316	288	309	368	840
Total Liabilities & Shareholders' Equity	12,833	15,542	17,553	17,974	19,384	19,145	19,358	19,633	18,102	17,453	17,437
Total Liabilities	12,120	15,099	16,914	17,152	18,649	18,589	18,640	21,764	18,886	17,962	17,023
Total Current Liabilities	2,063	856	829	1,068	966	883	1,345	2,421	1,566	1,712	1,708
Short-Term Debt	1,673	224	-	-	-	-	-	0.00	300	351	306
Accounts Payable	16	27	12	15	40	12	21	32	69	62	53
Accrued Expenses	224	418	637	821	709	662	1,077	1,458	866	906	1,047
Current Deferred Revenue	27	74	112	117	156	138	156	147	117	123	123
Other Current Liabilities	122	113	68	115	61	71	91	784	214	270	179
Total Noncurrent Liabilities	10,057	14,243	16,085	16,084	17,683	17,706	17,295	19,343	17,320	16,250	15,315
Long-Term Debt	10,018	14,209	16,046	16,066	17,579	17,580	17,177	16,198	15,606	14,761	14,161
Other Noncurrent Operating Liabilities	29	29	39	18	17	36	118	3,145	1,714	1,489	1,154
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	713	443	639	800	715	539	718	-2,131	-784	-509	414
Total Preferred & Common Equity	713	443	639	800	715	539	718	-2,131	-784	-509	414
Total Common Equity	713	443	639	800	715	539	718	-2,131	-784	-509	414
Common Stock	713	443	639	800	715	539	718	-2,131	-784	-509	414

This table presents Cheniere Energy Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	20,500	18,817	19,557	18,072	17,497	17,515	17,385	17,094	16,930	16,834
Total Current Assets	3,373	1,933	2,793	1,354	1,103	1,228	1,186	1,160	1,017	1,119
Cash & Equivalents	988	834	1,834	499	333	351	331	94	108	121
Restricted Cash	195	160	241	35	59	68	80	76	36	43
Note & Lease Receivable	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable	1,252	532	477	595	506	552	520	743	599	719
Inventories, net	241	150	130	131	134	144	135	164	153	147
Prepaid Expenses	-	-	-	-	-	-	53	-	65	52
Other Current Assets	697	257	111	94	71	113	67	83	56	37
Plant, Property, & Equipment, net	16,827	16,587	16,463	16,341	16,071	15,995	15,868	15,638	15,540	15,399
Total Noncurrent Assets	300	297	301	377	323	292	331	296	373	316
Other Noncurrent Operating Assets	300	297	301	377	323	292	331	296	373	316
Total Liabilities & Shareholders' Equity	20,500	18,817	19,557	18,072	17,497	17,515	17,385	17,094	16,930	16,834
Total Liabilities	24,384	19,767	20,603	19,045	18,319	18,271	18,011	17,474	17,270	17,182
Total Current Liabilities	4,583	1,348	2,932	1,549	2,948	1,886	1,729	1,313	1,655	1,697
Short-Term Debt	1,498	60	1,796	349	2,145	798	700	104	609	605
Accounts Payable	31	70	60	50	34	51	51	68	71	58
Accrued Expenses	1,665	679	599	688	525	714	611	895	709	732
Current Deferred Revenue	163	83	97	152	84	78	137	82	111	150
Other Current Liabilities	1,226	456	380	310	160	245	230	164	155	152
Total Noncurrent Liabilities	19,801	18,419	17,671	17,496	15,371	16,385	16,282	16,161	15,615	15,485
Long-Term Debt	15,699	16,145	15,595	15,600	13,616	14,803	14,756	14,714	14,213	14,156
Other Noncurrent Operating Liabilities	4,102	2,274	2,076	1,896	1,755	1,582	1,526	1,447	1,402	1,329
Total Equity & Noncontrolling Interests	-3,884	-950	-1,046	-973	-822	-756	-626	-380	-340	-348
Total Preferred & Common Equity	-3,884	-950	-1,046	-973	-822	-756	-626	-380	-340	-348
Total Common Equity	-3,884	-950	-1,046	-973	-822	-756	-626	-380	-340	-348
Common Stock	-3,884	-950	-1,046	-973	-822	-756	-626	-380	-340	-348

This table displays calculated financial ratios and metrics derived from Cheniere Energy Partners' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.48%	307.41%	291.27%	49.30%	6.41%	-9.81%	52.98%	82.38%	-43.83%	-9.93%	23.60%
EBITDA Growth	187.33%	1,010.00%	248.20%	59.96%	6.43%	3.19%	15.87%	28.50%	41.86%	-30.52%	11.42%
EBIT Growth	67.98%	778.95%	353.88%	72.42%	2.58%	2.99%	20.07%	31.98%	49.02%	-34.88%	13.72%
NOPAT Growth	482.52%	8,233.33%	560.57%	71.19%	3.08%	4.17%	20.33%	32.19%	48.99%	-34.87%	12.99%
Net Income Growth	22.20%	46.40%	386.55%	160.00%	-7.77%	0.68%	37.79%	53.25%	70.30%	-41.00%	19.00%
EPS Growth	51.69%	53.49%	-560.00%	290.15%	-10.36%	3.11%	29.31%	9.00%	112.54%	-38.85%	21.65%
Operating Cash Flow Growth	-24.78%	100.00%	0.00%	91.81%	-17.45%	13.19%	30.84%	81.10%	-25.07%	-4.54%	-6.74%
Free Cash Flow Firm Growth	-18.69%	30.91%	115.57%	428.70%	-45.94%	73.57%	54.57%	184.87%	-49.99%	-1.91%	-8.37%
Invested Capital Growth	34.63%	19.22%	5.78%	1.52%	7.14%	2.94%	0.11%	-22.75%	10.86%	-1.84%	3.21%
Revenue Q/Q Growth	0.25%	78.50%	28.98%	6.27%	0.16%	1.46%	15.43%	9.29%	-17.39%	-2.53%	4.37%
EBITDA Q/Q Growth	65.28%	201.79%	29.59%	-0.60%	7.65%	-2.16%	3.25%	104.76%	-22.39%	-6.78%	18.14%
EBIT Q/Q Growth	22.41%	2,010.43%	37.44%	-0.93%	7.86%	-2.65%	3.98%	152.80%	-24.79%	-8.10%	22.34%
NOPAT Q/Q Growth	-88.81%	675.94%	41.84%	-0.80%	8.05%	-2.34%	3.82%	152.80%	-24.80%	-8.10%	21.55%
Net Income Q/Q Growth	4.40%	45.39%	142.57%	-1.77%	9.00%	-3.19%	6.40%	405.67%	-27.39%	-10.13%	28.58%
EPS Q/Q Growth	14.00%	63.64%	74.86%	-58.92%	8.70%	-3.73%	5.63%	897.56%	-31.53%	-8.21%	34.99%
Operating Cash Flow Q/Q Growth	-48.22%	100.00%	76.04%	8.45%	-2.52%	-7.99%	9.88%	35.32%	-20.28%	-1.33%	0.40%
Free Cash Flow Firm Q/Q Growth	-6.56%	19.20%	163.54%	1.33%	-2.17%	-9.13%	17.50%	17.56%	-17.54%	-1.25%	0.96%
Invested Capital Q/Q Growth	7.91%	3.82%	0.09%	-0.16%	0.91%	1.57%	-0.13%	7.76%	0.34%	-1.35%	3.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	111.48%	62.73%	46.10%	47.04%	50.66%	59.38%	42.86%	29.68%	71.62%	100.00%	52.18%
EBITDA Margin	14.81%	40.36%	35.92%	38.48%	38.49%	44.04%	33.36%	23.50%	59.36%	45.80%	41.28%
Operating Margin	1.11%	22.73%	26.86%	30.80%	29.83%	34.46%	27.10%	19.64%	52.11%	37.68%	34.45%
EBIT Margin	-14.07%	23.45%	27.21%	31.42%	30.29%	34.59%	27.15%	19.64%	52.12%	37.68%	34.67%
Profit (Net Income) Margin	-118.15%	-15.55%	11.38%	19.83%	17.18%	19.18%	17.28%	14.52%	44.02%	28.84%	27.77%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.17%	100.17%	100.06%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	839.47%	-66.28%	41.84%	63.10%	56.64%	55.37%	63.61%	73.91%	84.46%	76.52%	80.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.02%	1.33%	7.87%	13.01%	12.85%	12.75%	15.12%	22.54%	36.54%	22.85%	25.64%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.36%	-1.42%	3.16%	8.15%	7.13%	6.88%	9.43%	16.92%	31.41%	17.71%	20.68%
Return on Net Nonoperating Assets (RNNOA)	-34.63%	-30.92%	82.70%	164.06%	142.26%	175.92%	244.23%	-376.11%	-328.41%	-411.09%	-6,314.06%
Return on Equity (ROE)	-34.61%	-29.59%	90.57%	177.07%	155.12%	188.68%	259.35%	-353.57%	-291.87%	-388.24%	-6,288.42%
Cash Return on Invested Capital (CROIC)	-29.50%	-16.20%	2.25%	11.51%	5.96%	9.86%	15.01%	48.21%	26.24%	24.70%	22.49%
Operating Return on Assets (OROA)	-0.33%	1.82%	7.08%	11.37%	11.09%	11.07%	13.30%	17.34%	26.70%	18.45%	21.38%
Return on Assets (ROA)	-2.75%	-1.21%	2.96%	7.17%	6.29%	6.14%	8.47%	12.81%	22.55%	14.12%	17.12%
Return on Common Equity (ROCE)	-34.61%	-29.59%	90.57%	177.07%	155.12%	188.68%	259.35%	-353.57%	-291.87%	-388.24%	-6,288.42%
Return on Equity Simple (ROE_SIMPLE)	-44.74%	-38.60%	76.68%	159.25%	164.34%	219.48%	227.02%	-117.22%	-542.60%	-493.12%	0.00%
Net Operating Profit after Tax (NOPAT)	2.10	175	1,156	1,979	2,040	2,125	2,557	3,380	5,036	3,280	3,706
NOPAT Margin	0.78%	15.91%	26.86%	30.80%	29.83%	34.46%	27.10%	19.64%	52.11%	37.68%	34.45%
Net Nonoperating Expense Percent (NNEP)	3.38%	2.76%	4.71%	4.87%	5.72%	5.88%	5.69%	5.62%	5.13%	5.13%	4.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	24.03%	33.30%	22.46%	24.90%
Cost of Revenue to Revenue	-11.48%	37.27%	53.90%	52.96%	49.34%	40.62%	57.14%	70.32%	28.38%	0.00%	47.82%
SG&A Expenses to Revenue	73.70%	20.91%	8.92%	7.67%	10.90%	12.06%	9.85%	6.35%	12.55%	13.44%	11.33%
R&D to Revenue	1.48%	0.00%	0.07%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	110.37%	40.00%	19.24%	16.25%	20.82%	24.92%	15.75%	10.03%	19.51%	62.32%	17.73%
Earnings before Interest and Taxes (EBIT)	-38	258	1,171	2,019	2,071	2,133	2,561	3,380	5,037	3,280	3,730
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	444	1,546	2,473	2,632	2,716	3,147	4,044	5,737	3,986	4,441
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.20	2.28	5.38	10.93	14.26	20.59	23.95	0.00	0.00	0.00	61.63
Price to Tangible Book Value (P/TBV)	1.20	2.28	5.38	10.93	14.26	20.59	23.95	0.00	0.00	0.00	61.63
Price to Revenue (P/Rev)	3.17	0.92	0.80	1.36	1.49	1.80	1.82	1.36	2.30	2.92	2.37
Price to Earnings (P/E)	0.00	0.00	7.02	6.86	8.68	9.38	10.55	9.36	5.22	10.11	8.54
Dividend Yield	11.33%	9.61%	8.90%	8.73%	8.28%	9.23%	7.49%	6.26%	6.76%	5.13%	6.24%
Earnings Yield	0.00%	0.00%	14.24%	14.57%	11.53%	10.66%	9.48%	10.68%	19.17%	9.89%	11.71%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.04	1.19	1.52	1.58	1.62	1.97	2.95	2.59	2.82	2.71
Enterprise Value to Revenue (EV/Rev)	44.92	13.49	4.16	3.62	3.79	4.45	3.54	2.24	3.88	4.61	3.70
Enterprise Value to EBITDA (EV/EBITDA)	303.20	33.42	11.58	9.41	9.84	10.11	10.61	9.54	6.53	10.06	8.96
Enterprise Value to EBIT (EV/EBIT)	0.00	57.51	15.28	11.52	12.51	12.87	13.04	11.42	7.44	12.23	10.67
Enterprise Value to NOPAT (EV/NOPAT)	5,775.16	84.79	15.48	11.76	12.70	12.92	13.06	11.42	7.44	12.23	10.73
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	18.32	12.42	16.74	15.68	14.58	9.30	12.05	13.51	14.37
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	54.07	13.30	27.38	16.72	13.16	5.34	10.36	11.31	12.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	16.40	32.58	25.11	20.08	24.71	32.78	23.92	-7.60	-20.29	-29.69	34.94
Long-Term Debt to Equity	14.05	32.07	25.11	20.08	24.71	32.78	23.92	-7.60	-19.91	-29.00	34.21
Financial Leverage	10.32	21.70	26.14	20.14	19.95	25.57	25.91	-22.23	-10.46	-23.21	-305.25
Leverage Ratio	12.59	24.55	30.59	24.69	24.66	30.72	30.63	-27.59	-12.95	-27.50	-367.26
Compound Leverage Factor	105.73	-16.27	12.80	15.58	13.97	17.01	19.48	-20.39	-10.93	-21.04	-294.11
Debt to Total Capital	94.25%	97.02%	96.17%	95.26%	96.11%	97.04%	95.99%	115.15%	105.18%	103.49%	97.22%
Short-Term Debt to Total Capital	13.49%	1.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.98%	2.40%	2.06%
Long-Term Debt to Total Capital	80.76%	95.52%	96.17%	95.26%	96.11%	97.04%	95.99%	115.15%	103.20%	101.08%	95.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	5.75%	2.98%	3.83%	4.74%	3.89%	2.96%	4.01%	-15.15%	-5.18%	-3.49%	2.78%
Debt to EBITDA	292.29	32.51	10.38	6.50	6.71	6.51	5.46	4.01	2.77	3.79	3.26
Net Debt to EBITDA	281.77	31.14	9.35	5.87	5.97	6.02	5.15	3.76	2.66	3.70	3.21
Long-Term Debt to EBITDA	250.46	32.00	10.38	6.50	6.71	6.51	5.46	4.01	2.72	3.70	3.19
Debt to NOPAT	5,567.48	82.47	13.88	8.12	8.66	8.32	6.72	4.79	3.16	4.61	3.90
Net Debt to NOPAT	5,367.11	79.02	12.51	7.34	7.70	7.70	6.34	4.50	3.03	4.49	3.85
Long-Term Debt to NOPAT	4,770.63	81.19	13.88	8.12	8.66	8.32	6.72	4.79	3.10	4.50	3.82
Altman Z-Score	-0.09	0.17	0.68	1.12	1.14	1.13	1.53	2.10	2.16	1.94	2.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.24	1.12	2.58	2.21	2.80	2.42	1.64	1.08	1.01	0.77	0.78
Quick Ratio	0.07	0.22	0.43	0.43	2.26	1.94	1.26	0.93	0.84	0.54	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,077	-2,126	331	1,750	946	1,642	2,538	7,230	3,616	3,547	3,250
Operating Cash Flow to CapEx	-5.87%	0.00%	75.74%	233.08%	116.23%	180.14%	353.55%	919.96%	1,413.18%	1,927.27%	1,390.95%
Free Cash Flow to Firm to Interest Expense	-10.95	-4.96	0.49	2.35	1.05	1.72	2.72	8.01	4.36	4.42	4.27
Operating Cash Flow to Interest Expense	-0.61	0.00	1.43	2.52	1.72	1.84	2.46	4.59	3.75	3.70	3.64
Operating Cash Flow Less CapEx to Interest Expense	-10.98	-5.40	-0.46	1.44	0.24	0.82	1.76	4.10	3.48	3.50	3.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.08	0.26	0.36	0.37	0.32	0.49	0.88	0.51	0.49	0.62
Accounts Receivable Turnover	90.06	11.52	15.85	15.75	15.83	13.64	14.35	15.87	9.25	12.61	13.97
Inventory Turnover	0.00	7.21	24.17	35.08	31.39	22.47	38.10	72.02	18.17	0.00	31.09
Fixed Asset Turnover	0.03	0.08	0.29	0.42	0.43	0.37	0.56	1.03	0.59	0.54	0.69
Accounts Payable Turnover	0.00	18.89	118.97	252.07	122.69	96.35	326.73	456.60	54.32	0.00	89.48
Days Sales Outstanding (DSO)	4.05	31.69	23.02	23.17	23.06	26.75	25.44	23.00	39.47	28.96	26.12
Days Inventory Outstanding (DIO)	0.00	50.60	15.10	10.40	11.63	16.25	9.58	5.07	20.09	0.00	11.74
Days Payable Outstanding (DPO)	0.00	19.32	3.07	1.45	2.98	3.79	1.12	0.80	6.72	0.00	4.08
Cash Conversion Cycle (CCC)	4.05	62.96	35.06	32.13	31.71	39.21	33.90	27.26	52.84	28.96	33.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,970	14,271	15,096	15,325	16,419	16,902	16,921	13,071	14,491	14,224	14,680
Invested Capital Turnover	0.03	0.08	0.29	0.42	0.43	0.37	0.56	1.15	0.70	0.61	0.74
Increase / (Decrease) in Invested Capital	3,079	2,301	825	229	1,094	483	19	-3,850	1,420	-267	456
Enterprise Value (EV)	12,128	14,838	17,897	23,268	25,898	27,460	33,397	38,593	37,469	40,107	39,781
Market Capitalization	857	1,010	3,440	8,743	10,194	11,097	17,194	23,391	22,194	25,374	25,515
Book Value per Share	$2.11	$1.31	$1.32	$1.65	$1.48	$1.11	$1.48	($4.40)	($1.62)	($1.05)	$0.86
Tangible Book Value per Share	$2.11	$1.31	$1.32	$1.65	$1.48	$1.11	$1.48	($4.40)	($1.62)	($1.05)	$0.86
Total Capital	12,405	14,876	16,685	16,866	18,381	18,209	17,895	14,067	15,122	14,603	14,881
Total Debt	11,692	14,433	16,046	16,066	17,666	17,670	17,177	16,198	15,906	15,112	14,467
Total Long-Term Debt	10,018	14,209	16,046	16,066	17,666	17,670	17,177	16,198	15,606	14,761	14,161
Net Debt	11,271	13,828	14,457	14,525	15,704	16,363	16,203	15,202	15,275	14,733	14,266
Capital Expenditures (CapEx)	2,913	2,315	1,290	804	1,331	972	648	451	220	154	199
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-317	-279	-279	-253	-221	-55	-107	-797	-316	-415	-265
Debt-free Net Working Capital (DFNWC)	104	326	1,310	1,288	1,741	1,252	867	199	315	-36	-64
Net Working Capital (NWC)	-1,570	102	1,310	1,288	1,741	1,252	867	199	15	-387	-370
Net Nonoperating Expense (NNE)	321	346	666	705	865	942	927	882	782	770	719
Net Nonoperating Obligations (NNO)	11,257	13,828	14,457	14,525	15,704	16,363	16,203	15,202	15,275	14,733	14,266
Total Depreciation and Amortization (D&A)	78	186	375	454	561	583	586	664	700	706	711
Debt-free, Cash-free Net Working Capital to Revenue	-117.39%	-25.36%	-6.48%	-3.94%	-3.23%	-0.89%	-1.13%	-4.63%	-3.27%	-4.77%	-2.46%
Debt-free Net Working Capital to Revenue	38.46%	29.64%	30.44%	20.04%	25.46%	20.30%	9.19%	1.16%	3.26%	-0.41%	-0.59%
Net Working Capital to Revenue	-581.31%	9.27%	30.44%	20.04%	25.46%	20.30%	9.19%	1.16%	0.16%	-4.45%	-3.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Adjusted Weighted Average Basic Shares Outstanding	337.82M	337.83M	484.00M	484.01M	484.02M	484.02M	484.03M	484.03M	484.04M	484.05M	484.05M
Adjusted Diluted Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Adjusted Weighted Average Diluted Shares Outstanding	337.82M	337.83M	484.00M	484.01M	484.02M	484.02M	484.03M	484.03M	484.04M	484.05M	484.05M
Adjusted Basic & Diluted Earnings per Share	($0.43)	($0.20)	($1.32)	$2.51	$2.25	$2.32	$3.00	$3.27	$6.95	$4.25	$5.17
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.08M	57.09M	178.50M	348.60M	348.60M	399.30M	484M	484M	484M	484M	484M
Normalized Net Operating Profit after Tax (NOPAT)	2.10	175	811	1,391	1,433	1,488	1,790	2,366	3,525	2,296	2,594
Normalized NOPAT Margin	0.78%	15.91%	18.83%	21.64%	20.96%	24.12%	18.97%	13.75%	36.48%	26.38%	24.11%
Pre Tax Income Margin	-118.15%	-15.55%	11.38%	19.83%	17.15%	19.15%	17.27%	14.52%	44.02%	28.84%	27.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.14	0.60	1.72	2.71	2.31	2.24	2.75	3.74	6.08	4.08	4.90
NOPAT to Interest Expense	0.01	0.41	1.70	2.66	2.27	2.23	2.74	3.74	6.07	4.08	4.87
EBIT Less CapEx to Interest Expense	-10.50	-4.79	-0.17	1.63	0.82	1.22	2.05	3.24	5.81	3.89	4.64
NOPAT Less CapEx to Interest Expense	-10.36	-4.99	-0.20	1.58	0.79	1.21	2.05	3.24	5.81	3.89	4.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-31.03%	-57.89%	60.00%	87.36%	107.23%	114.88%	89.02%	105.48%	68.34%	89.04%	69.10%
Augmented Payout Ratio	-31.03%	-57.89%	60.00%	87.36%	107.23%	114.88%	89.02%	105.48%	68.34%	89.04%	69.10%

This table displays calculated financial ratios and metrics derived from Cheniere Energy Partners' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-53.77%	-57.23%	-43.11%	-21.32%	-2.02%	-3.43%	-8.41%	30.24%	29.62%	16.98%	18.29%
EBITDA Growth	37.53%	979.55%	-56.42%	-54.41%	-5.14%	-13.44%	-22.67%	-4.48%	-2.97%	-12.84%	66.53%
EBIT Growth	46.60%	430.43%	-60.14%	-58.90%	-6.36%	-16.30%	-26.25%	-5.60%	-3.79%	-15.72%	80.91%
NOPAT Growth	47.39%	572.05%	-60.14%	-58.90%	-6.36%	-16.30%	-26.25%	-5.60%	-6.66%	-15.84%	80.91%
Net Income Growth	81.87%	253.89%	-63.92%	-64.75%	-8.36%	-19.72%	-31.24%	-6.01%	-2.98%	-20.32%	106.58%
EPS Growth	236.00%	179.87%	-69.26%	-66.29%	13.10%	-9.24%	-26.76%	-8.47%	-4.21%	-25.93%	128.85%
Operating Cash Flow Growth	-12.09%	-23.48%	-46.34%	-21.02%	5.93%	5.50%	-4.37%	-0.60%	-23.77%	-4.78%	1.26%
Free Cash Flow Firm Growth	80.78%	-128.76%	-104.82%	-63.57%	-76.07%	164.20%	438.24%	87.61%	31.64%	1.88%	-6.12%
Invested Capital Growth	-10.82%	19.06%	10.86%	2.01%	1.09%	-0.16%	-1.84%	-1.92%	-0.61%	-1.18%	3.21%
Revenue Q/Q Growth	-33.73%	10.09%	26.22%	-14.56%	-17.47%	8.50%	19.71%	21.50%	-17.87%	-2.08%	21.05%
EBITDA Q/Q Growth	-56.88%	16.92%	10.16%	-17.90%	-10.29%	6.69%	-1.59%	1.42%	-8.87%	-4.16%	88.01%
EBIT Q/Q Growth	-61.58%	20.78%	11.44%	-20.53%	-12.46%	7.96%	-1.81%	1.72%	-10.77%	-5.43%	110.76%
NOPAT Q/Q Growth	-61.58%	20.78%	11.44%	-20.53%	-12.46%	7.96%	-1.81%	1.72%	-13.44%	-2.66%	111.06%
Net Income Q/Q Growth	-67.86%	27.17%	14.54%	-24.72%	-16.42%	11.40%	-1.89%	2.89%	-13.73%	-8.50%	154.35%
EPS Q/Q Growth	-76.00%	41.67%	19.33%	-16.90%	-19.49%	13.68%	-3.70%	3.85%	-15.74%	-12.09%	197.50%
Operating Cash Flow Q/Q Growth	-18.42%	-5.21%	39.85%	-26.97%	9.42%	-5.60%	26.77%	-24.09%	-16.09%	17.92%	34.80%
Free Cash Flow Firm Q/Q Growth	57.64%	-151.94%	75.91%	284.64%	3.57%	39.34%	26.94%	2.41%	-27.33%	7.85%	16.97%
Invested Capital Q/Q Growth	0.06%	1.21%	0.34%	0.39%	-0.83%	-0.05%	-1.35%	0.31%	0.49%	-0.62%	3.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.75%	67.86%	58.12%	57.82%	65.10%	62.38%	197.64%	100.00%	100.00%	100.00%	-76.80%
EBITDA Margin	51.37%	54.56%	47.62%	45.75%	49.74%	48.91%	40.20%	33.56%	37.23%	36.44%	56.60%
Operating Margin	42.32%	46.43%	40.99%	38.13%	40.44%	40.24%	33.01%	27.63%	29.12%	28.95%	50.48%
EBIT Margin	42.32%	46.43%	40.99%	38.13%	40.44%	40.24%	33.01%	27.63%	30.02%	28.99%	50.48%
Profit (Net Income) Margin	32.18%	37.17%	33.73%	29.72%	30.10%	30.90%	25.33%	21.45%	22.53%	21.05%	44.23%
Tax Burden Percent	100.00%	100.00%	98.48%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	76.04%	80.06%	83.56%	77.94%	74.41%	76.78%	76.72%	77.60%	75.03%	72.60%	87.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	40.67%	40.88%	28.74%	23.93%	25.38%	24.90%	20.01%	18.03%	20.17%	20.82%	37.58%
ROIC Less NNEP Spread (ROIC-NNEP)	39.42%	39.63%	27.47%	22.67%	24.09%	23.64%	18.75%	16.79%	19.08%	19.54%	36.32%
Return on Net Nonoperating Assets (RNNOA)	-1,180.24%	-256.43%	-287.15%	-391.25%	-407.74%	-450.39%	-435.17%	-419.37%	-519.89%	-594.61%	-11,087.59%
Return on Equity (ROE)	-1,139.57%	-215.55%	-258.41%	-367.31%	-382.37%	-425.48%	-415.16%	-401.35%	-499.72%	-573.79%	-11,050.01%
Cash Return on Invested Capital (CROIC)	47.18%	33.00%	26.24%	24.27%	24.91%	24.89%	24.70%	24.36%	22.72%	22.46%	22.49%
Operating Return on Assets (OROA)	31.02%	28.16%	21.00%	18.99%	19.64%	20.27%	16.16%	15.02%	17.36%	17.47%	31.13%
Return on Assets (ROA)	23.59%	22.55%	17.28%	14.80%	14.62%	15.56%	12.40%	11.65%	13.03%	12.68%	27.27%
Return on Common Equity (ROCE)	-1,139.57%	-215.55%	-258.41%	-367.31%	-382.37%	-425.48%	-415.16%	-401.35%	-499.72%	-573.79%	-11,050.01%
Return on Equity Simple (ROE_SIMPLE)	-435.37%	-602.16%	0.00%	-365.09%	-390.08%	-446.17%	0.00%	-649.74%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	818	988	1,101	875	766	827	812	826	715	696	1,469
NOPAT Margin	42.32%	46.43%	40.99%	38.13%	40.44%	40.24%	33.01%	27.63%	29.12%	28.95%	50.48%
Net Nonoperating Expense Percent (NNEP)	1.25%	1.25%	1.28%	1.26%	1.29%	1.26%	1.26%	1.23%	1.09%	1.28%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.28%	-	-	-	5.56%	5.72%	4.94%	4.83%	9.87%
Cost of Revenue to Revenue	31.25%	32.14%	41.88%	42.18%	34.90%	37.62%	-97.64%	0.00%	0.00%	0.00%	176.80%
SG&A Expenses to Revenue	17.80%	13.63%	10.72%	12.37%	15.68%	13.82%	12.40%	9.67%	15.19%	10.69%	10.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.44%	21.43%	17.13%	19.70%	24.66%	22.14%	164.63%	72.37%	70.88%	71.05%	-127.29%
Earnings before Interest and Taxes (EBIT)	818	988	1,101	875	766	827	812	826	737	697	1,469
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	993	1,161	1,279	1,050	942	1,005	989	1,003	914	876	1,647
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	61.63
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	61.63
Price to Revenue (P/Rev)	1.40	2.09	2.30	2.64	2.60	2.64	2.92	3.40	2.72	2.53	2.37
Price to Earnings (P/E)	4.48	4.17	5.22	7.97	7.93	8.44	10.11	12.95	11.06	11.21	8.54
Dividend Yield	7.35%	6.14%	6.76%	5.23%	5.42%	5.45%	5.13%	4.92%	5.82%	6.08%	6.24%
Earnings Yield	22.32%	23.97%	19.17%	12.55%	12.61%	11.84%	9.89%	7.72%	9.04%	8.92%	11.71%
Enterprise Value to Invested Capital (EV/IC)	2.50	2.76	2.59	2.70	2.67	2.68	2.82	3.27	2.92	2.85	2.71
Enterprise Value to Revenue (EV/Rev)	2.46	3.41	3.88	4.34	4.28	4.33	4.61	4.96	4.20	3.94	3.70
Enterprise Value to EBITDA (EV/EBITDA)	5.86	5.39	6.53	8.76	8.70	9.03	10.06	11.83	10.75	10.81	8.96
Enterprise Value to EBIT (EV/EBIT)	6.60	5.95	7.44	10.38	10.34	10.82	12.23	14.43	13.15	13.33	10.67
Enterprise Value to NOPAT (EV/NOPAT)	6.60	5.95	7.44	10.38	10.34	10.82	12.23	14.43	13.15	13.33	10.73
Enterprise Value to Operating Cash Flow (EV/OCF)	8.71	10.22	12.05	13.40	12.98	12.84	13.51	15.73	14.99	14.74	14.37
Enterprise Value to Free Cash Flow (EV/FCFF)	5.00	9.09	10.36	11.23	10.79	10.75	11.31	13.28	12.79	12.63	12.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-16.63	-16.39	-20.29	-19.17	-20.64	-24.69	-29.69	-38.99	-43.59	-42.42	34.94
Long-Term Debt to Equity	-14.91	-16.03	-19.91	-16.56	-19.58	-23.57	-29.00	-38.72	-41.80	-40.68	34.21
Financial Leverage	-29.94	-6.47	-10.46	-17.26	-16.92	-19.05	-23.21	-24.97	-27.24	-30.43	-305.25
Leverage Ratio	-37.94	-7.94	-12.95	-20.49	-20.57	-22.17	-27.50	-28.78	-31.43	-35.13	-367.26
Compound Leverage Factor	-28.85	-6.36	-10.82	-15.97	-15.31	-17.03	-21.10	-22.33	-23.58	-25.51	-321.76
Debt to Total Capital	106.40%	106.50%	105.18%	105.50%	105.09%	104.22%	103.49%	102.63%	102.35%	102.41%	97.22%
Short-Term Debt to Total Capital	10.99%	2.33%	1.98%	14.36%	5.38%	4.72%	2.40%	0.72%	4.21%	4.20%	2.06%
Long-Term Debt to Total Capital	95.41%	104.17%	103.20%	91.14%	99.72%	99.50%	101.08%	101.91%	98.14%	98.22%	95.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-6.40%	-6.50%	-5.18%	-5.50%	-5.09%	-4.22%	-3.49%	-2.63%	-2.35%	-2.41%	2.78%
Debt to EBITDA	2.85	2.16	2.77	3.52	3.52	3.61	3.79	3.76	3.81	3.93	3.26
Net Debt to EBITDA	2.51	2.09	2.66	3.43	3.43	3.52	3.70	3.72	3.77	3.88	3.21
Long-Term Debt to EBITDA	2.56	2.11	2.72	3.04	3.34	3.45	3.70	3.74	3.65	3.77	3.19
Debt to NOPAT	3.21	2.38	3.16	4.17	4.18	4.33	4.61	4.59	4.66	4.84	3.90
Net Debt to NOPAT	2.83	2.30	3.03	4.06	4.07	4.22	4.49	4.53	4.62	4.79	3.85
Long-Term Debt to NOPAT	2.88	2.33	3.10	3.60	3.97	4.13	4.50	4.55	4.47	4.64	3.82
Altman Z-Score	1.47	1.59	1.44	1.34	1.38	1.42	1.47	1.80	1.63	1.62	1.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.95	0.87	1.01	0.37	0.65	0.69	0.77	0.88	0.61	0.66	0.78
Quick Ratio	0.79	0.71	0.84	0.28	0.48	0.49	0.54	0.64	0.43	0.50	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,549	-1,324	-319	589	610	850	1,079	1,105	803	866	1,013
Operating Cash Flow to CapEx	1,151.67%	3,119.05%	1,832.00%	1,858.33%	2,440.00%	1,771.79%	1,787.76%	1,108.33%	820.59%	1,370.83%	3,856.52%
Free Cash Flow to Firm to Interest Expense	12.20	-6.33	-1.57	2.92	2.98	4.27	5.48	5.82	4.27	4.42	5.42
Operating Cash Flow to Interest Expense	3.31	3.13	4.51	3.31	3.57	3.47	4.45	3.50	2.97	3.36	4.74
Operating Cash Flow Less CapEx to Interest Expense	3.02	3.03	4.27	3.13	3.42	3.28	4.20	3.18	2.61	3.11	4.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.61	0.51	0.50	0.49	0.50	0.49	0.54	0.58	0.60	0.62
Accounts Receivable Turnover	17.27	12.67	9.25	17.42	17.50	16.02	12.61	15.05	17.31	16.64	13.97
Inventory Turnover	47.33	15.81	18.17	23.81	25.09	26.52	0.00	0.00	0.00	0.00	31.09
Fixed Asset Turnover	0.87	0.71	0.59	0.55	0.55	0.55	0.54	0.59	0.63	0.66	0.69
Accounts Payable Turnover	156.04	72.62	54.32	65.02	61.95	69.84	0.00	0.00	0.00	0.00	89.48
Days Sales Outstanding (DSO)	21.14	28.81	39.47	20.95	20.86	22.79	28.96	24.25	21.09	21.94	26.12
Days Inventory Outstanding (DIO)	7.71	23.08	20.09	15.33	14.54	13.76	0.00	0.00	0.00	0.00	11.74
Days Payable Outstanding (DPO)	2.34	5.03	6.72	5.61	5.89	5.23	0.00	0.00	0.00	0.00	4.08
Cash Conversion Cycle (CCC)	26.51	46.87	52.84	30.67	29.51	31.32	28.96	24.25	21.09	21.94	33.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,270	14,442	14,491	14,547	14,426	14,419	14,224	14,268	14,338	14,249	14,680
Invested Capital Turnover	0.96	0.88	0.70	0.63	0.63	0.62	0.61	0.65	0.69	0.72	0.74
Increase / (Decrease) in Invested Capital	-1,731	2,312	1,420	286	156	-23	-267	-279	-88	-170	456
Enterprise Value (EV)	35,721	39,860	37,469	39,276	38,565	38,628	40,107	46,615	41,809	40,649	39,781
Market Capitalization	20,405	24,445	22,194	23,907	23,383	23,583	25,374	31,967	27,131	26,052	25,515
Book Value per Share	($2.16)	($2.01)	($1.62)	($1.70)	($1.56)	($1.29)	($1.05)	($0.79)	($0.70)	($0.72)	$0.86
Tangible Book Value per Share	($2.16)	($2.01)	($1.62)	($1.70)	($1.56)	($1.29)	($1.05)	($0.79)	($0.70)	($0.72)	$0.86
Total Capital	16,345	14,976	15,122	14,939	14,845	14,830	14,603	14,438	14,482	14,413	14,881
Total Debt	17,391	15,949	15,906	15,761	15,601	15,456	15,112	14,818	14,822	14,761	14,467
Total Long-Term Debt	15,595	15,600	15,606	13,616	14,803	14,756	14,761	14,714	14,213	14,156	14,161
Net Debt	15,316	15,415	15,275	15,369	15,182	15,045	14,733	14,648	14,678	14,597	14,266
Capital Expenditures (CapEx)	60	21	50	36	30	39	49	60	68	48	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-418	-380	-316	-92	-279	-254	-415	-219	-173	-137	-265
Debt-free Net Working Capital (DFNWC)	1,657	154	315	300	140	157	-36	-49	-29	27	-64
Net Working Capital (NWC)	-139	-195	15	-1,845	-658	-543	-387	-153	-638	-578	-370
Net Nonoperating Expense (NNE)	196	197	195	193	196	192	189	185	162	190	182
Net Nonoperating Obligations (NNO)	15,316	15,415	15,275	15,369	15,182	15,045	14,733	14,648	14,678	14,597	14,266
Total Depreciation and Amortization (D&A)	175	173	178	175	176	178	177	177	177	179	178
Debt-free, Cash-free Net Working Capital to Revenue	-2.87%	-3.25%	-3.27%	-1.02%	-3.10%	-2.84%	-4.77%	-2.33%	-1.74%	-1.33%	-2.46%
Debt-free Net Working Capital to Revenue	11.39%	1.32%	3.26%	3.32%	1.56%	1.76%	-0.41%	-0.52%	-0.29%	0.26%	-0.59%
Net Working Capital to Revenue	-0.96%	-1.67%	0.16%	-20.40%	-7.31%	-6.08%	-4.45%	-1.63%	-6.41%	-5.61%	-3.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Adjusted Weighted Average Basic Shares Outstanding	484.04M	484.04M	484M	484.04M	484.04M	484.05M	484.05M	484.05M	484.05M	484.05M	484.05M
Adjusted Diluted Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Adjusted Weighted Average Diluted Shares Outstanding	484.04M	484.04M	484M	484.04M	484.04M	484.05M	484.05M	484.05M	484.05M	484.05M	484.05M
Adjusted Basic & Diluted Earnings per Share	$0.84	$1.19	$1.42	$1.18	$0.95	$1.08	$1.04	$1.08	$0.91	$0.80	$2.38
Adjusted Weighted Average Basic & Diluted Shares Outstanding	484M	484M	484M	484M	484M	484M	484M	484M	484M	484M	484M
Normalized Net Operating Profit after Tax (NOPAT)	573	692	771	613	536	579	568	578	501	487	1,028
Normalized NOPAT Margin	29.62%	32.50%	28.69%	26.69%	28.31%	28.17%	23.11%	19.34%	20.39%	20.27%	35.34%
Pre Tax Income Margin	32.18%	37.17%	34.25%	29.72%	30.10%	30.90%	25.33%	21.45%	22.53%	21.05%	44.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.91	4.73	5.42	4.33	3.74	4.16	4.12	4.35	3.92	3.56	7.86
NOPAT to Interest Expense	3.91	4.73	5.42	4.33	3.74	4.16	4.12	4.35	3.80	3.55	7.86
EBIT Less CapEx to Interest Expense	3.63	4.63	5.18	4.15	3.59	3.96	3.87	4.03	3.56	3.31	7.73
NOPAT Less CapEx to Interest Expense	3.63	4.63	5.18	4.15	3.59	3.96	3.87	4.03	3.44	3.31	7.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	65.33%	50.32%	68.34%	95.73%	90.17%	87.58%	89.04%	82.10%	83.03%	88.03%	69.10%
Augmented Payout Ratio	65.33%	50.32%	68.34%	95.73%	90.17%	87.58%	89.04%	82.10%	83.03%	88.03%	69.10%

Financials Breakdown Chart

Key Financial Trends

Cheniere Energy Partners, L.P. (CQP) shows a mix of improving profitability and ongoing balance-sheet leverage in 2025. The latest quarter (Q4 2025) reports strong net income and earnings per share, along with positive operating cash flow and dividends, but gross margins were negative and the company carries a heavy debt load with negative equity in several periods. Below are the key points, organized by potential impact on the stock from most positive to most negative.

Net income attributable to common shareholders in Q4 2025 rose to 1.287 billion, with basic and diluted earnings per share of 2.38, up meaningfully from Q4 2024 (EPS 1.04). This signals stronger quarterly profitability in the most recent quarter.
Operating cash flow in Q4 2025 was 887 million from continuing operations, with quarterly momentum visible as CFO trended up versus prior 2025 quarters (Q3 2025: 658 million; Q2/Q1 2025: 560–663 million).
Free cash flow for Q4 2025 appears solid, with roughly 0.86 billion of cash flow remaining after modest capex (PPE purchases of about 23 million) and minimal other investing outlays.
Dividend payments remained sizable and relatively stable around the mid-to-high 500 million range per quarter (Q4 2025 dividends: 525 million; similar levels observed in Q3/Q2/Q1 2025), supporting income-focused investors.
The asset base remains large and capable, with Plant, Property & Equipment net typically in the mid-to-upper teens of billions (around 15.3–15.8 billion through 2025), indicating substantial operational capacity for LNG activities.
Revenue has shown volatility but has hovered in the 2.4–3.0 billion range in 2025, after a higher level in 2022. The quarterly trend suggests stabilization, though the company did not clearly exhibit sustained top-line growth in 2025.
Total assets and cash balances remained comfortably sized in the multiple quarters, with cash and equivalents generally in the low hundreds of millions and total assets in the mid-teens of billions, providing a sizable base for operations and financing needs.
Leverage and balance-sheet risk are notable: long-term debt around 14–14.7 billion and total liabilities near 17–19 billion in 2025, with total equity reported as negative in several periods (e.g., negative total equity around -3.4 to -3.5 billion in a few quarters). This reflects a heavy leverage position and potential capital-structure risk.
Gross profit deteriorated in Q4 2025, showing a negative gross profit of about -2.235 billion, which points to margin pressure or unusual cost alignment that warrants closer review.
Financing activities applied cash outflows in multiple quarters, with net cash from financing activities often negative (e.g., -826 million in Q4 2025), which can pressure cash balances despite positive operating cash flow.

05/05/26 03:20 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Cheniere Energy Partners' Financials

When does Cheniere Energy Partners' fiscal year end?

According to the most recent income statement we have on file, Cheniere Energy Partners' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Cheniere Energy Partners' net income changed over the last 10 years?

Cheniere Energy Partners' net income appears to be on an upward trend, with a most recent value of $2.99 billion in 2025, falling from -$319 million in 2015. The previous period was $2.51 billion in 2024. View Cheniere Energy Partners' forecast to see where analysts expect Cheniere Energy Partners to go next.

What is Cheniere Energy Partners' operating income?

Cheniere Energy Partners' total operating income in 2025 was $3.71 billion, based on the following breakdown:

Total Gross Profit: $5.61 billion
Total Operating Expenses: $1.91 billion

How has Cheniere Energy Partners' revenue changed over the last 10 years?

Over the last 10 years, Cheniere Energy Partners' total revenue changed from $270 million in 2015 to $10.76 billion in 2025, a change of 3,884.4%.

How much debt does Cheniere Energy Partners have?

Cheniere Energy Partners' total liabilities were at $17.02 billion at the end of 2025, a 5.2% decrease from 2024, and a 40.5% increase since 2015.

How much cash does Cheniere Energy Partners have?

In the past 10 years, Cheniere Energy Partners' cash and equivalents has ranged from $0.00 in 2016 to $1.78 billion in 2019, and is currently $182 million as of their latest financial filing in 2025.

How has Cheniere Energy Partners' book value per share changed over the last 10 years?

Over the last 10 years, Cheniere Energy Partners' book value per share changed from 2.11 in 2015 to 0.86 in 2025, a change of -59.5%.

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Financial statements for NYSE:CQP last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cheniere Energy Partners (CQP) Financials

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Cheniere Energy Partners (CQP) Financials

Annual Income Statements for Cheniere Energy Partners

Quarterly Income Statements for Cheniere Energy Partners

Annual Cash Flow Statements for Cheniere Energy Partners

Quarterly Cash Flow Statements for Cheniere Energy Partners

Annual Balance Sheets for Cheniere Energy Partners

Quarterly Balance Sheets for Cheniere Energy Partners

Annual Metrics And Ratios for Cheniere Energy Partners

Quarterly Metrics And Ratios for Cheniere Energy Partners

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Cheniere Energy Partners' Financials

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools