Cheniere Energy Partners Lp - Understand $cqp stock

$CQP Market Cap: $23.64 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$9.003B

TTM

Gross Margin

50.4%

TTM

Net Earnings

$2.729B

TTM

Current Assets

$1.228B

Q2 2024

Current Liabilities

$1.886B

Q2 2024

Current Ratio

65.11%

Q2 2024

Total Assets

$17.52B

Q2 2024

Total Liabilities

$18.27B

Q2 2024

Book Value

-$756.0M

Q2 2024

Cash

$351.0M

Q2 2024

P/E

8.661

Sep 17, 2024 EST

Free Cash Flow

$2.835B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$9.664B	$17.21B	$9.434B	$6.167B	$6.838B	$6.426B	$4.304B	$1.100B	$270.0M	$268.7M	$268.2M	$264.5M	$283.9M	$399.3M	$416.8M	$15.00M	$0.00	$0.00	$0.00	$0.00
YoY Change	-43.83%	82.38%	52.98%	-9.81%	6.41%	49.3%	291.27%	307.41%	0.48%	0.19%	1.4%	-6.83%	-28.9%	-4.2%	2678.6%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$9.664B	$17.21B	$9.434B	$6.167B	$6.838B	$6.426B	$4.304B	$1.100B	$270.0M	$268.7M	$268.2M	$264.5M	$283.9M	$399.3M	$416.8M	$15.00M	$0.00	$0.00	$0.00	$0.00
Cost Of Revenue	$3.850B	$13.10B	$6.214B	$3.376B	$4.222B	$3.403B	$2.320B	$410.0M	-$31.00M	-$342.0K	$89.30M	$51.80M	$33.70M	$39.20M	$32.50M	$11.50M
Gross Profit	$5.814B	$4.111B	$3.220B	$2.791B	$2.616B	$3.023B	$1.984B	$690.0M	$301.0M	$269.0M	$178.9M	$212.6M	$250.0M	$360.1M	$384.3M	$3.500M
Gross Profit Margin	60.16%	23.89%	34.13%	45.26%	38.26%	47.04%	46.1%	62.73%	111.48%	100.13%	66.71%	80.38%	88.06%	90.19%	92.2%	23.33%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$99.00M	$97.00M	$94.00M	$110.0M	$113.0M	$84.00M	$92.00M	$102.7M	$137.4M	$115.2M	$141.4M	$66.20M	$26.00M	$26.50M	$23.60M	$10.30M	$12.20M	$5.600M	$4.600M	$4.600M
YoY Change	2.06%	3.19%	-14.55%	-2.65%	34.52%	-8.7%	-10.44%	-25.23%	19.26%	-18.53%	113.6%	154.62%	-1.89%	12.29%	129.13%	-15.57%	117.86%	21.74%	0.0%	70.37%
% of Gross Profit	1.7%	2.36%	2.92%	3.94%	4.32%	2.78%	4.64%	14.89%	45.64%	42.82%	79.04%	31.14%	10.4%	7.36%	6.14%	294.29%
Research & Development		$0.00	$1.000M	$0.00	$0.00	$2.000M	$3.000M	$0.00	$3.000M	$9.319M	$11.32M	$37.56M	$32.45M	$8.738M	$0.00	$2.300M
YoY Change		-100.0%			-100.0%	-33.33%		-100.0%	-67.81%	-17.69%	-69.86%	15.75%	271.34%		-100.0%
% of Gross Profit		0.0%	0.03%	0.0%	0.0%	0.07%	0.15%	0.0%	1.0%	3.46%	6.33%	17.67%	12.98%	2.43%	0.0%	65.71%
Depreciation & Amortization	$672.0M	$634.0M	$557.0M	$551.0M	$527.0M	$424.0M	$339.0M	$156.0M	$66.00M	$58.60M	$57.49M	$57.79M	$57.88M	$42.30M	$32.74M	$8.000M	$0.00	$100.0K	$0.00	$0.00
YoY Change	5.99%	13.82%	1.09%	4.55%	24.29%	25.07%	117.31%	136.36%	12.63%	1.94%	-0.52%	-0.16%	36.84%	29.19%	309.28%		-100.0%
% of Gross Profit	11.56%	15.42%	17.3%	19.74%	20.15%	14.03%	17.09%	22.61%	21.93%	21.78%	32.13%	27.18%	23.15%	11.75%	8.52%	228.57%
Operating Expenses	$778.0M	$731.0M	$1.000M	$0.00	$4.798B	$4.447B	$3.148B	$850.0M	$267.0M	$268.2M	$300.2M	$226.3M	$161.8M	$118.5M	$88.87M	$20.60M	$12.50M	$10.20M	$4.700M	$4.700M
YoY Change	6.43%	73000.0%		-100.0%	7.89%	41.26%	270.35%	218.35%	-0.44%	-10.67%	32.69%	39.83%	36.56%	33.32%	331.41%	64.8%	22.55%	117.02%	0.0%	67.86%
Operating Profit	$5.036B	$3.380B	$2.557B	$2.125B	$2.040B	$1.979B	$1.156B	$250.0M	$3.000M	$515.0K	-$32.03M	$38.25M	$122.1M	$280.8M	$327.9M	-$17.10M
YoY Change	48.99%	32.19%	20.33%	4.17%	3.08%	71.19%	362.4%	8233.33%	482.52%	-101.61%	-183.75%	-68.67%	-56.52%	-14.37%	-2017.66%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$823.0M	$870.0M	$831.0M	$909.0M	$885.0M	$733.0M	$614.0M	$357.0M	$185.0M	$177.0M	$178.4M	$171.6M	$173.6M	$174.0M	$147.2M	-$61.50M	-$36.40M	-$26.70M	$500.0K	$0.00
YoY Change	-5.4%	4.69%	-8.58%	2.71%	20.74%	19.38%	71.99%	92.97%	4.5%	-0.77%	3.93%	-1.12%	-0.24%	18.22%	-339.35%	68.96%	36.33%	-5440.0%
% of Operating Profit	16.34%	25.74%	32.5%	42.78%	43.38%	37.04%	53.11%	142.8%	6166.67%	34375.15%		448.81%	142.19%	61.97%	44.89%
Other Income/Expense, Net	-$782.0M	-$882.0M	-$927.0M	-$942.0M	-$865.0M	-$705.0M	-$666.0M	-$421.0M	-$322.0M	-$410.6M	-$226.1M	-$213.7M	-$175.6M	-$173.2M	-$141.0M	$300.0K	$300.0K	$100.0K	$100.0K	$100.0K
YoY Change	-11.34%	-4.85%	-1.59%	8.9%	22.7%	5.86%	58.19%	30.75%	-21.57%	81.59%	5.81%	21.65%	1.39%	22.85%	-47102.67%	0.0%	200.0%	0.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$4.254B	$2.498B	$1.631B	$1.183B	$1.175B	$1.274B	$490.0M	-$171.2M	-$318.9M	-$410.0M	-$258.1M	-$150.1M	-$31.00M	$107.6M	$186.9M	-$78.30M	-$49.00M	-$60.80M	-$4.300M	-$4.700M
YoY Change	70.3%	53.16%	37.87%	0.68%	-7.77%	160.0%	-386.22%	-46.32%	-22.22%	58.85%	71.95%	384.19%	-128.81%	-42.43%	-338.7%	59.8%	-19.41%	1313.95%	-8.51%	67.86%
Income Tax										$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income														0.0%	0.0%
Net Earnings	$4.254B	$2.498B	$1.630B	$1.183B	$1.175B	$1.274B	$490.0M	-$171.0M	-$319.0M	-$410.0M	-$258.1M	-$175.4M	-$53.56M	$107.6M	$186.9M	-$78.30M	-$49.00M	-$60.80M	-$4.300M	-$4.700M
YoY Change	70.3%	53.25%	37.79%	0.68%	-7.77%	160.0%	-386.55%	-46.39%	-22.2%	58.86%	47.13%	227.54%	-149.79%	-42.45%	-338.71%	59.8%	-19.41%	1313.95%	-8.51%	67.86%
Net Earnings / Revenue	44.02%	14.52%	17.28%	19.18%	17.18%	19.83%	11.38%	-15.55%	-118.15%	-152.6%	-96.24%	-66.33%	-18.87%	26.94%	44.85%	-522.0%
Basic Earnings Per Share													$1.23	$1.70	$1.13
Diluted Earnings Per Share	$6.95	$3.27	$3.370M	$2.444M	$2.428M	$2.632M	$1.229M	-$506.8K	-$944.0K	-$1.214M	-$781.9K	-$707.4K	-$189.8K	$665.0K	$1.155M	-$483.9K	-$302.8K	-$2.303M	-$162.9K	-$178.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$575.0M	$904.0M	$876.0M	$1.210B	$1.781B	$0.00	$0.00	$0.00	$146.2M	$249.0M	$351.0M	$419.0M	$81.00M	$53.00M	$118.0M	$0.00	$0.00	$0.00	$0.00	$22.00M
YoY Change	-36.39%	3.2%	-27.6%	-32.06%				-100.0%	-41.28%	-29.06%	-16.23%	417.28%	52.83%	-55.08%					-100.0%
Cash & Equivalents	$575.0M	$904.0M	$876.0M	$1.210B	$1.781B	$0.00	$0.00	$0.00	$146.2M	$249.0M	$351.0M	$419.0M	$81.00M	$53.00M	$118.0M	$0.00	$0.00	$0.00	$0.00	$22.00M
Short-Term Investments
Other Short-Term Assets	$129.0M	$201.0M	$206.0M	$172.0M	$250.0M	$1.567B	$1.654B	$633.6M	$288.7M	$206.0M	$237.0M	$99.00M	$22.00M	$18.00M	$19.00M	$241.0M	$192.0M	$361.0M	$10.00M	$0.00
YoY Change	-35.82%	-2.43%	19.77%	-31.2%	-84.05%	-5.26%	161.05%	119.44%	40.16%	-13.08%	139.39%	350.0%	22.22%	-5.26%	-92.12%	25.52%	-46.81%	3510.0%
Inventory	$142.0M	$160.0M	$176.0M	$107.0M	$116.0M	$99.00M	$95.00M	$97.43M	$16.67M	$4.000M	$10.00M	$7.000M	$5.000M	$1.000M	$2.000M	$0.00
Prepaid Expenses
Receivables	$726.0M	$1.331B	$920.0M	$628.0M	$546.0M	$672.0M	$384.0M	$224.6M	$41.11M	$28.00M	$15.00M	$7.000M	$2.000M	$6.000M	$15.00M	$5.000M	$7.000M	$0.00	$8.000M	$0.00
Other Receivables	$9.000M	$24.00M	$34.00M	$18.00M	$14.00M	$18.00M	$6.000M	$2.641M	$741.0K	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.581B	$2.620B	$2.212B	$2.135B	$2.707B	$2.356B	$2.139B	$958.3M	$493.5M	$487.0M	$613.0M	$533.0M	$110.0M	$79.00M	$153.0M	$246.0M	$199.0M	$361.0M	$18.00M	$22.00M
YoY Change	-39.66%	18.44%	3.61%	-21.13%	14.9%	10.14%	123.22%	94.19%	1.33%	-20.55%	15.01%	384.55%	39.24%	-48.37%	-37.8%	23.62%	-44.88%	1905.56%	-18.18%
Property, Plant & Equipment	$16.29B	$16.81B	$16.93B	$16.82B	$16.46B	$15.39B	$15.14B	$14.16B	$11.93B	$8.978B	$6.384B	$2.705B	$1.514B	$1.550B	$1.589B	$1.518B	$1.127B	$652.0M	$271.0M	$0.00
YoY Change	-3.1%	-0.67%	0.63%	2.19%	6.97%	1.66%	6.93%	18.66%	32.9%	40.63%	136.01%	78.67%	-2.32%	-2.45%	4.68%	34.69%	72.85%	140.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments															$0.00	$21.00M	$64.00M
YoY Change															-100.0%	-67.19%
Other Assets	$91.00M	$73.00M	$80.00M	$45.00M	$61.00M	$71.00M	$275.0M	$425.9M	$408.1M	$923.0M	$1.520B	$511.0M	$113.0M	$114.0M	$118.0M	$184.0M	$515.0M	$845.0M	$20.00M	$1.000M
YoY Change	24.66%	-8.75%	77.78%	-26.23%	-14.08%	-74.18%	-35.43%	4.37%	-55.79%	-39.28%	197.46%	352.21%	-0.88%	-3.39%	-35.87%	-64.27%	-39.05%	4125.0%	1900.0%
Total Long-Term Assets	$16.52B	$17.01B	$17.15B	$17.01B	$16.68B	$15.62B	$15.41B	$14.58B	$12.34B	$9.901B	$7.904B	$3.215B	$1.627B	$1.664B	$1.706B	$1.733B	$1.706B	$1.497B	$291.0M	$1.000M
YoY Change	-2.89%	-0.78%	0.8%	2.0%	6.78%	1.32%	5.69%	18.19%	24.63%	25.27%	145.85%	97.6%	-2.22%	-2.46%	-1.56%	1.58%	13.96%	414.43%	29000.0%
Total Assets	$18.10B	$19.63B	$19.36B	$19.15B	$19.38B	$17.97B	$17.55B	$15.54B	$12.83B	$10.39B	$8.517B	$3.748B	$1.737B	$1.743B	$1.859B	$1.979B	$1.905B	$1.858B	$309.0M	$23.00M
YoY Change
Accounts Payable	$69.00M	$32.00M	$21.00M	$12.00M	$40.00M	$15.00M	$12.00M	$27.16M	$16.41M	$9.000M	$10.00M	$75.00M	$1.000M	$1.000M	$0.00	$1.000M	$0.00	$1.000M	$0.00	$0.00
YoY Change	115.63%	52.38%	75.0%	-70.0%	166.67%	25.0%	-55.82%	65.55%	82.3%	-10.0%	-86.67%	7400.0%	0.0%		-100.0%		-100.0%
Accrued Expenses	$821.0M	$1.394B	$1.085B	$669.0M	$715.0M	$821.0M	$637.0M	$417.5M	$224.3M	$137.0M	$170.0M	$53.00M	$21.00M	$24.00M	$25.00M	$41.00M	$53.00M	$37.00M	$45.00M	$1.000M
YoY Change	-41.1%	28.48%	62.18%	-6.43%	-12.91%	28.89%	52.57%	86.14%	63.72%	-19.41%	220.75%	152.38%	-12.5%	-4.0%	-39.02%	-22.64%	43.24%	-17.78%	4400.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$300.0M						$0.00	$223.5M	$1.673B
YoY Change							-100.0%	-86.64%
Total Short-Term Liabilities	$1.566B	$2.421B	$1.345B	$883.0M	$966.0M	$1.068B	$829.0M	$855.7M	$2.063B	$215.0M	$266.0M	$155.0M	$52.00M	$52.00M	$116.0M	$107.0M	$53.00M	$38.00M	$45.00M	$1.000M
YoY Change	-35.32%	80.0%	52.32%	-8.59%	-9.55%	28.83%	-3.12%	-58.52%	859.54%	-19.17%	71.61%	198.08%	0.0%	-55.17%	8.41%	101.89%	39.47%	-15.56%	4400.0%
Long-Term Debt	$15.62B	$16.22B	$17.18B	$17.58B	$17.58B	$16.07B	$16.05B	$14.21B	$10.02B	$8.991B	$6.576B	$2.167B	$2.192B	$2.188B	$2.183B	$2.181B	$2.033B	$2.032B	$37.00M	$0.00
YoY Change	-3.68%	-5.59%	-2.29%	0.01%	9.42%	0.12%	12.93%	41.83%	11.43%	36.72%	203.46%	-1.14%	0.18%	0.23%	0.09%	7.28%	0.05%	5391.89%
Other Long-Term Liabilities	$1.700B	$3.127B	$118.0M	$143.0M	$124.0M	$40.00M	$39.00M	$34.35M	$38.88M	$51.00M	$35.00M	$63.00M	$38.00M	$40.00M	$41.00M	$43.00M	$46.00M	$41.00M	$75.00M	$39.00M
YoY Change	-45.63%	2550.0%	-17.48%	15.32%	210.0%	2.56%	13.55%	-11.66%	-23.76%	45.71%	-44.44%	65.79%	-5.0%	-2.44%	-4.65%	-6.52%	12.2%	-45.33%	92.31%
Total Long-Term Liabilities	$17.32B	$19.34B	$17.30B	$17.72B	$17.70B	$16.11B	$16.09B	$14.24B	$10.06B	$9.042B	$6.611B	$2.230B	$2.230B	$2.228B	$2.224B	$2.224B	$2.079B	$2.073B	$112.0M	$39.00M
YoY Change	-10.46%	11.84%	-2.41%	0.11%	9.92%	0.13%	12.93%	41.63%	11.23%	36.77%	196.46%	0.0%	0.09%	0.18%	0.0%	6.97%	0.29%	1750.89%	187.18%
Total Liabilities	$18.89B	$21.76B	$18.64B	$18.61B	$18.67B	$17.17B	$16.91B	$15.10B	$12.12B	$9.257B	$6.877B	$2.385B	$2.282B	$2.280B	$2.340B	$2.331B	$2.132B	$2.111B	$157.0M	$41.00M
YoY Change	-13.22%	16.76%	0.18%	-0.34%	8.71%	1.54%	12.02%	24.58%	30.93%	34.61%	188.34%	4.51%	0.09%	-2.56%	0.39%	9.33%	0.99%	1244.59%	282.93%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $23.636 Billion

About Cheniere Energy Partners LP

Cheniere Energy Partners LP engages in the operations of liquefied natural gas. The company is headquartered in Houston, Texas and currently employs 1,605 full-time employees. The company went IPO on 2007-03-21. The firm provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies. The firm owns the natural gas liquefaction and export facility located at Sabine Pass, Louisiana (the Sabine Pass LNG Terminal) with six operational trains. In addition to natural gas liquefaction facilities at the Sabine Pass LNG Terminal (the Liquefaction Project), the Sabine Pass LNG Terminal also has operational regasification facilities and a pipeline that interconnects the Sabine Pass LNG Terminal with a number of large interstate and intrastate pipelines. The firm has a total production capacity of approximately 30 million tons per annum (MTPA) of LNG. The firm also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal.

Industry: Natural Gas Distribution Peers: Cheniere Energy Inc Energy Transfer LP Enterprise Products Partners LP Kinder Morgan Inc Magellan Midstream Partners, L.P. MPLX LP ONEOK Inc Targa Resources Corp Western Midstream Partners LP Williams Companies Inc