$CQP Cheniere Energy Partners LP

How Do They Make Money?

FY2025 revenue by product or service revenue

Yes. It kept 28 cents of every revenue dollar as net income in FY2025 and turned 24 cents into free cash flow.

Operating income, FY2025

34% of revenue

▲ +13% vs FY2024 ($3.3B, 38%)

Net income, FY2025

28% of revenue

▲ +19% vs FY2024 ($2.5B, 29%)

Free cash flow, FY2025

24% of revenue

▼ −9% vs FY2024 ($2.8B, 32%)

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

LNG share of revenue vs 98.0% in Q2 FY2025

Growing. Revenue grew 14% in 4 years, from $9.4B in FY2021 to $10.8B in FY2025, about 3% a year.

Revenue over time

LNG Regasification Other

$20B$10B$0

FY2021 FY2022 FY2023 FY2024 FY2025