$CQP
Cheniere Energy Partners, L.P. Stock $cqp

$cqp Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000138365021000015 Filed on May 04, 2021

Income Statement

Concept	2021 Q2	2021 Q1	2020 Q1
Revenue	$1.889B	$1.963B	$1.718B
YoY Change	28.5%	14.26%	-1.77%
Cost Of Revenue	$1.116B	$1.183B	$905.0M
YoY Change	81.17%	30.72%	2.96%
Gross Profit	$773.0M	$780.0M	$813.0M
YoY Change	-9.48%	-4.06%	-6.55%
Gross Profit Margin	40.92%	39.74%	47.32%
Selling, General & Admin	$24.00M	$23.00M	$27.00M
YoY Change	-25.0%	-14.81%	12.5%
% of Gross Profit	3.1%	2.95%	3.32%
Research & Development	$1.000M
YoY Change
% of Gross Profit	0.13%
Depreciation & Amortization	$138.0M	$139.0M	$138.0M
YoY Change	0.0%	0.72%	21.05%
% of Gross Profit	17.85%	17.82%	16.97%
Operating Expenses	$1.000M	$162.0M	$165.0M
YoY Change		-1.82%	-86.09%
Operating Profit	$604.0M	$618.0M	$664.0M
YoY Change	-11.7%	-6.93%	17.94%
Interest Expense	$209.0M	$217.0M	$234.0M
YoY Change	-11.44%	-7.26%	25.13%
% of Operating Profit	34.6%	35.11%	35.24%
Other Income/Expense, Net	-$209.0M	-$271.0M	-$229.0M
YoY Change	-24.82%	18.34%	28.65%
Pretax Income	$395.0M	$347.0M	$435.0M
YoY Change	-2.71%	-20.23%	12.99%
Income Tax
% Of Pretax Income
Net Earnings	$395.0M	$347.0M	$435.0M
YoY Change	-2.71%	-20.23%	12.99%
Net Earnings / Revenue	20.91%	17.68%	25.32%
Basic Earnings Per Share
Diluted Earnings Per Share	$816.1K	$716.9K	$898.8K
COMMON SHARES
Basic Shares Outstanding	484.0M shares	484.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2021 Q2	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.239B	$1.219B	$1.734B
YoY Change	-7.61%	-29.7%
Cash & Equivalents	$1.239B	$1.219B	$1.734B
Short-Term Investments
Other Short-Term Assets	$97.00M	$59.00M	$49.00M
YoY Change	-3.0%	20.41%	6.52%
Inventory	$116.0M	$103.0M	$98.00M
Prepaid Expenses
Receivables	$264.0M	$349.0M	$432.0M
Other Receivables	$21.00M	$24.00M	$11.00M
Total Short-Term Assets	$2.045B	$2.120B	$2.448B
YoY Change	-5.46%	-13.4%	17.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$16.79B	$16.73B	$16.48B
YoY Change	1.24%	1.57%	5.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$0.00
YoY Change
Other Assets	$159.0M	$177.0M	$156.0M
YoY Change	1.27%	13.46%	-2.5%
Total Long-Term Assets	$17.08B	$17.03B	$16.79B
YoY Change	1.09%	1.48%	5.47%
TOTAL ASSETS
Total Short-Term Assets	$2.045B	$2.120B	$2.448B
Total Long-Term Assets	$17.08B	$17.03B	$16.79B
Total Assets	$19.12B	$19.15B	$19.23B
YoY Change	0.35%	-0.42%	6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$16.00M	$11.00M	$8.000M
YoY Change	33.33%	37.5%	-74.19%
Accrued Expenses	$649.0M	$704.0M	$569.0M
YoY Change	58.29%	23.73%	-21.52%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$1.996B
YoY Change		-100.0%
Long-Term Debt Due	$654.0M	$850.0M	$1.996B
YoY Change		-57.41%
Total Short-Term Liabilities	$1.506B	$1.739B	$2.715B
YoY Change	205.48%	-35.95%	192.56%
LONG-TERM LIABILITIES
Long-Term Debt	$16.94B	$16.73B	$15.59B
YoY Change	-3.59%	7.32%	-3.0%
Other Long-Term Liabilities	$0.00	$0.00	$1.000M
YoY Change	-100.0%	-100.0%	-75.0%
Total Long-Term Liabilities	$16.94B	$16.73B	$15.59B
YoY Change	-3.6%	7.31%	-3.02%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.506B	$1.739B	$2.715B
Total Long-Term Liabilities	$16.94B	$16.73B	$15.59B
Total Liabilities	$18.44B	$18.47B	$18.31B
YoY Change	2.11%	0.9%	7.66%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$571.0M	$535.0M	$820.0M
YoY Change
Total Liabilities & Shareholders Equity	$19.12B	$19.15B	$19.23B
YoY Change	0.35%	-0.42%	6.82%

Cashflow Statement

Concept	2021 Q2	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	$395.0M	$347.0M	$435.0M
YoY Change	-2.71%	-20.23%	12.99%
Depreciation, Depletion And Amortization	$138.0M	$139.0M	$138.0M
YoY Change	0.0%	0.72%	21.05%
Cash From Operating Activities	$487.0M	$588.0M	$535.0M
YoY Change	43.66%	9.91%	55.52%
INVESTING ACTIVITIES
Capital Expenditures	-$170.0M	$146.0M	$317.0M
YoY Change	-35.61%	-53.94%	12.01%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$170.0M	-$146.0M	-$317.0M
YoY Change	-35.61%	-53.94%	11.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-355.0M	-$407.0M	-$337.0M
YoY Change	-13.41%	20.77%	10.86%
NET CHANGE
Cash From Operating Activities	487.0M	$588.0M	$535.0M
Cash From Investing Activities	-170.0M	-$146.0M	-$317.0M
Cash From Financing Activities	-355.0M	-$407.0M	-$337.0M
Net Change In Cash	-38.00M	$35.00M	-$119.0M
YoY Change	-88.66%	-129.41%	-51.23%
FREE CASH FLOW
Cash From Operating Activities	$487.0M	$588.0M	$535.0M
Capital Expenditures	-$170.0M	$146.0M	$317.0M
Free Cash Flow	$657.0M	$442.0M	$218.0M
YoY Change	8.96%	102.75%	257.38%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001383650
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-33366
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	Cheniere Energy Partners, L.P.
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-5913059
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	700 Milam Street
CY2021Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1900
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77002
CY2021Q1	dei	City Area Code CityAreaCode	713
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	375-5000
CY2021Q1	dei	Security12b Title Security12bTitle	Common Units Representing Limited Partner Interests
CY2021Q1	dei	Trading Symbol TradingSymbol	CQP
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	484021123	shares
CY2021Q1	us-gaap	Revenues Revenues	1963000000	USD
CY2020Q1	us-gaap	Revenues Revenues	1718000000	USD
CY2021Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	948000000	USD
CY2020Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	699000000	USD
CY2021Q1	us-gaap	Affiliate Costs AffiliateCosts	42000000	USD
CY2020Q1	us-gaap	Affiliate Costs AffiliateCosts	0	USD
CY2021Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	149000000	USD
CY2020Q1	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	152000000	USD
CY2021Q1	cqp	Affiliate Operating Costs And Expenses AffiliateOperatingCostsAndExpenses	34000000	USD
CY2020Q1	cqp	Affiliate Operating Costs And Expenses AffiliateOperatingCostsAndExpenses	33000000	USD
CY2021Q1	cqp	Related Party Operating Costs And Expenses RelatedPartyOperatingCostsAndExpenses	10000000	USD
CY2020Q1	cqp	Related Party Operating Costs And Expenses RelatedPartyOperatingCostsAndExpenses	0	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2000000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2000000	USD
CY2021Q1	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	21000000	USD
CY2020Q1	us-gaap	Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty	25000000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	139000000	USD
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	138000000	USD
CY2021Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	USD
CY2020Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-5000000	USD
CY2021Q1	us-gaap	Costs And Expenses CostsAndExpenses	1345000000	USD
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	1054000000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	618000000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	664000000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	217000000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	234000000	USD
CY2021Q1	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-54000000	USD
CY2020Q1	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-1000000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	6000000	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-271000000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-229000000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	347000000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	435000000	USD
CY2021Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.64
CY2020Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.84
CY2021Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	484000000.0	shares
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	348600000	shares
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1219000000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1210000000	USD
CY2021Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	123000000	USD
CY2020Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	97000000	USD
CY2021Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	373000000	USD
CY2020Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	318000000	USD
CY2021Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	98000000	USD
CY2020Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	184000000	USD
CY2021Q1	cqp	Advances To Affiliate Current AdvancesToAffiliateCurrent	127000000	USD
CY2020Q4	cqp	Advances To Affiliate Current AdvancesToAffiliateCurrent	144000000	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	103000000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	107000000	USD
CY2021Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	16000000	USD
CY2020Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	14000000	USD
CY2021Q1	us-gaap	Other Assets Current OtherAssetsCurrent	59000000	USD
CY2020Q4	us-gaap	Other Assets Current OtherAssetsCurrent	61000000	USD
CY2021Q1	cqp	Other Current Assets Related Party OtherCurrentAssetsRelatedParty	2000000	USD
CY2020Q4	cqp	Other Current Assets Related Party OtherCurrentAssetsRelatedParty	0	USD
CY2021Q1	us-gaap	Assets Current AssetsCurrent	2120000000	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	2135000000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16734000000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16723000000	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	97000000	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	99000000	USD
CY2021Q1	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	16000000	USD
CY2020Q4	us-gaap	Debt Issuance Costs Line Of Credit Arrangements Net DebtIssuanceCostsLineOfCreditArrangementsNet	17000000	USD
CY2021Q1	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	9000000	USD
CY2020Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	11000000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	177000000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	160000000	USD
CY2021Q1	us-gaap	Assets Assets	19153000000	USD
CY2020Q4	us-gaap	Assets Assets	19145000000	USD
CY2021Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	11000000	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	12000000	USD
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	704000000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	658000000	USD
CY2021Q1	cqp	Accrued Liabilities Related Party AccruedLiabilitiesRelatedParty	3000000	USD
CY2020Q4	cqp	Accrued Liabilities Related Party AccruedLiabilitiesRelatedParty	4000000	USD
CY2021Q1	us-gaap	Debt Current DebtCurrent	850000000	USD
CY2020Q4	us-gaap	Debt Current DebtCurrent	0	USD
CY2021Q1	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	31000000	USD
CY2020Q4	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	53000000	USD
CY2021Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	101000000	USD
CY2020Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	137000000	USD
CY2021Q1	cqp	Deferred Revenue Related Party Current DeferredRevenueRelatedPartyCurrent	5000000	USD
CY2020Q4	cqp	Deferred Revenue Related Party Current DeferredRevenueRelatedPartyCurrent	1000000	USD
CY2021Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	8000000	USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	7000000	USD
CY2021Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	26000000	USD
CY2020Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	11000000	USD
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1739000000	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	883000000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	16732000000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	17580000000	USD
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	89000000	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	90000000	USD
CY2021Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	42000000	USD
CY2020Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	35000000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	0	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1000000	USD
CY2021Q1	cqp	Other Non Current Liabilities Related Party OtherNonCurrentLiabilitiesRelatedParty	16000000	USD
CY2020Q4	cqp	Other Non Current Liabilities Related Party OtherNonCurrentLiabilitiesRelatedParty	17000000	USD
CY2021Q1	cqp	Common Unitholders Equity CommonUnitholdersEquity	738000000	USD
CY2020Q4	cqp	Common Unitholders Equity CommonUnitholdersEquity	714000000	USD
CY2021Q1	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-203000000	USD
CY2020Q4	us-gaap	General Partners Capital Account GeneralPartnersCapitalAccount	-175000000	USD
CY2021Q1	us-gaap	Partners Capital PartnersCapital	535000000	USD
CY2020Q4	us-gaap	Partners Capital PartnersCapital	539000000	USD
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19153000000	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19145000000	USD
CY2020Q4	us-gaap	Partners Capital PartnersCapital	539000000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	347000000	USD
CY2021Q1	us-gaap	Partners Capital PartnersCapital	535000000	USD
CY2019Q4	us-gaap	Partners Capital PartnersCapital	715000000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	435000000	USD
CY2020Q1	us-gaap	Partners Capital PartnersCapital	820000000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	347000000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	435000000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	139000000	USD
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	138000000	USD
CY2021Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	8000000	USD
CY2020Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	9000000	USD
CY2021Q1	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-54000000	USD
CY2020Q1	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-1000000	USD
CY2021Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-2000000	USD
CY2020Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	21000000	USD
CY2021Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-20000000	USD
CY2020Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-5000000	USD
CY2021Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	0	USD
CY2020Q1	us-gaap	Gain Loss On Sales Of Assets And Asset Impairment Charges GainLossOnSalesOfAssetsAndAssetImpairmentCharges	-5000000	USD
CY2021Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3000000	USD
CY2020Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3000000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	56000000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	-38000000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-86000000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-67000000	USD
CY2021Q1	cqp	Increase Decrease In Advances To Affiliate IncreaseDecreaseInAdvancesToAffiliate	-18000000	USD
CY2020Q1	cqp	Increase Decrease In Advances To Affiliate IncreaseDecreaseInAdvancesToAffiliate	-17000000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-4000000	USD
CY2020Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-19000000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	24000000	USD
CY2020Q1	cqp	Increase Decrease In Accrued Liabilities Related Parties IncreaseDecreaseInAccruedLiabilitiesRelatedParties	0	USD
CY2021Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-20000000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-100000000	USD
CY2021Q1	cqp	Increase Decrease In Accrued Liabilities Related Parties IncreaseDecreaseInAccruedLiabilitiesRelatedParties	-1000000	USD
CY2020Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-13000000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-36000000	USD
CY2020Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-61000000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	6000000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	3000000	USD
CY2021Q1	cqp	Increase Decrease In Other Operating Activities Affiliate IncreaseDecreaseInOtherOperatingActivitiesAffiliate	-2000000	USD
CY2020Q1	cqp	Increase Decrease In Other Operating Activities Affiliate IncreaseDecreaseInOtherOperatingActivitiesAffiliate	4000000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	588000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	535000000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	146000000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	317000000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-146000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-317000000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	1500000000	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	0	USD
CY2021Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	1500000000	USD
CY2020Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	0	USD
CY2021Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	19000000	USD
CY2020Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	7000000	USD
CY2021Q1	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	40000000	USD
CY2020Q1	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	USD
CY2021Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	351000000	USD
CY2020Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	330000000	USD
CY2021Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	3000000	USD
CY2020Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-407000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-337000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	35000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-119000000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1307000000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1962000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1342000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1843000000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1219000000	USD
CY2021Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	123000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1342000000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	349000000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	300000000	USD
CY2021Q1	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	24000000	USD
CY2020Q4	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	18000000	USD
CY2021Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	373000000	USD
CY2020Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	318000000	USD
CY2021Q1	us-gaap	Inventory Net InventoryNet	103000000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	107000000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16734000000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	16723000000	USD
CY2021Q1	us-gaap	Depreciation Depreciation	138000000	USD
CY2020Q1	us-gaap	Depreciation Depreciation	137000000	USD
CY2021Q1	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	-43000000	USD
CY2020Q4	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	-21000000	USD
CY2021Q1	us-gaap	Derivative Nonmonetary Notional Amount DerivativeNonmonetaryNotionalAmount	5023	tbtu
CY2020Q4	us-gaap	Derivative Nonmonetary Notional Amount DerivativeNonmonetaryNotionalAmount	4970	tbtu
CY2021Q1	us-gaap	Derivative Assets DerivativeAssets	25000000	USD
CY2020Q4	us-gaap	Derivative Assets DerivativeAssets	25000000	USD
CY2021Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	68000000	USD
CY2020Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	46000000	USD
CY2021Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-43000000	USD
CY2020Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	-21000000	USD
CY2021Q1	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	11000000	USD
CY2020Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	4000000	USD
CY2021Q1	cqp	Advances Made To Municipalities AdvancesMadeToMunicipalities	83000000	USD
CY2020Q4	cqp	Advances Made To Municipalities AdvancesMadeToMunicipalities	84000000	USD
CY2021Q1	cqp	Advances And Other Asset Conveyances To Third Parties AdvancesAndOtherAssetConveyancesToThirdParties	33000000	USD
CY2020Q4	cqp	Advances And Other Asset Conveyances To Third Parties AdvancesAndOtherAssetConveyancesToThirdParties	33000000	USD
CY2021Q1	cqp	Advances Made Under Long Term Contracts AdvancesMadeUnderLongTermContracts	22000000	USD
CY2020Q4	cqp	Advances Made Under Long Term Contracts AdvancesMadeUnderLongTermContracts	9000000	USD
CY2021Q1	cqp	Tax Related Payments And Receivables TaxRelatedPaymentsAndReceivables	17000000	USD
CY2020Q4	cqp	Tax Related Payments And Receivables TaxRelatedPaymentsAndReceivables	17000000	USD
CY2021Q1	cqp	Information Technology Service Assets InformationTechnologyServiceAssets	5000000	USD
CY2020Q4	cqp	Information Technology Service Assets InformationTechnologyServiceAssets	6000000	USD
CY2021Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	17000000	USD
CY2020Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	11000000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	177000000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	160000000	USD
CY2021Q1	us-gaap	Interest Payable Current InterestPayableCurrent	226000000	USD
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	203000000	USD
CY2021Q1	cqp	Accrued Natural Gas Purchases AccruedNaturalGasPurchases	382000000	USD
CY2020Q4	cqp	Accrued Natural Gas Purchases AccruedNaturalGasPurchases	374000000	USD
CY2021Q1	cqp	Accrued Ln Gterminalcosts AccruedLNGterminalcosts	80000000	USD
CY2020Q4	cqp	Accrued Ln Gterminalcosts AccruedLNGterminalcosts	71000000	USD
CY2021Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	16000000	USD
CY2020Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	10000000	USD
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	704000000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	658000000	USD
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	16732000000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	17580000000	USD
CY2021Q1	us-gaap	Debt Current DebtCurrent	850000000	USD
CY2020Q4	us-gaap	Debt Current DebtCurrent	0	USD
CY2021Q1	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	17582000000	USD
CY2020Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	17580000000	USD
CY2021Q1	cqp	Gains Losseson Modificationor Extinguishmentof Debt GainsLossesonModificationorExtinguishmentofDebt	-54000000	USD
CY2021Q1	us-gaap	Interest Costs Incurred InterestCostsIncurred	247000000	USD
CY2020Q1	us-gaap	Interest Costs Incurred InterestCostsIncurred	254000000	USD
CY2021Q1	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	30000000	USD
CY2020Q1	us-gaap	Interest Costs Capitalized Adjustment InterestCostsCapitalizedAdjustment	20000000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	217000000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	234000000	USD
CY2021Q1	us-gaap	Revenues Revenues	1963000000	USD
CY2020Q1	us-gaap	Revenues Revenues	1718000000	USD
CY2021Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	1000000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0	USD
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	137000000	USD
CY2021Q1	cqp	Contractwith Customer Liability Additions ContractwithCustomerLiabilityAdditions	101000000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	137000000	USD
CY2021Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	101000000	USD
CY2020Q4	cqp	Contract With Customer Liability Affiliate ContractWithCustomerLiabilityAffiliate	1000000	USD
CY2021Q1	cqp	Contract With Customer Liability Additions Affiliate ContractWithCustomerLiabilityAdditionsAffiliate	5000000	USD
CY2021Q1	cqp	Contract With Customer Liability Revenue Recognized Affiliate ContractWithCustomerLiabilityRevenueRecognizedAffiliate	1000000	USD
CY2021Q1	cqp	Contract With Customer Liability Affiliate ContractWithCustomerLiabilityAffiliate	5000000	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	53700000000	USD
CY2020Q4	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	54300000000	USD
CY2021Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	214000000	USD
CY2020Q1	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	188000000	USD
CY2021Q1	us-gaap	Affiliate Costs AffiliateCosts	42000000	USD
CY2020Q1	us-gaap	Affiliate Costs AffiliateCosts	0	USD
CY2021Q1	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	98000000	USD
CY2020Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	184000000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	347000000	USD
CY2021Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	356000000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	-9000000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	435000000	USD
CY2020Q1	us-gaap	Distribution Made To Limited Partner Cash Distributions Declared DistributionMadeToLimitedPartnerCashDistributionsDeclared	336000000	USD
CY2020Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	99000000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	185000000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	211000000	USD
CY2021Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	229000000	USD
CY2020Q1	us-gaap	Construction In Progress Expenditures Incurred But Not Yet Paid ConstructionInProgressExpendituresIncurredButNotYetPaid	219000000	USD

Files In Submission

Name	View Source	Status
0001383650-21-000015-index-headers.html	Edgar Link	pending
0001383650-21-000015-index.html	Edgar Link	pending
0001383650-21-000015.txt	Edgar Link	pending
0001383650-21-000015-xbrl.zip	Edgar Link	pending
cqp-20210331.htm	Edgar Link	pending
cqp-20210331.xsd	Edgar Link	pending
cqp-20210331_cal.xml	Edgar Link	unprocessable
cqp-20210331_def.xml	Edgar Link	unprocessable
cqp-20210331_g1.jpg	Edgar Link	pending
cqp-20210331_g2.jpg	Edgar Link	pending
cqp-20210331_g3.jpg	Edgar Link	pending
cqp-20210331_htm.xml	Edgar Link	completed
cqp-20210331_lab.xml	Edgar Link	unprocessable
cqp-20210331_pre.xml	Edgar Link	unprocessable
exhibit102cqp2021form1stqtr.htm	Edgar Link	pending
exhibit221cqp2021form1stqtr.htm	Edgar Link	pending
exhibit311cqp2021form1stqtr.htm	Edgar Link	pending
exhibit312cqp2021form1stqtr.htm	Edgar Link	pending
exhibit321cqp2021form1stqtr.htm	Edgar Link	pending
exhibit322cqp2021form1stqtr.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CQP
Cheniere Energy Partners, L.P. Stock $cqp

2021 Q2 Form 10-Q Financial Statement

#000138365021000015 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CQP Cheniere Energy Partners, L.P. Stock $cqp

2021 Q2 Form 10-Q Financial Statement

#000138365021000015 Filed on May 04, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CQP
Cheniere Energy Partners, L.P. Stock $cqp