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Cheniere Energy Partners, L.P. (CQP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Cheniere Energy Partners, L.P. (CQP) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $2.6B · 25¢ of every $1 of revenue kept as net profit · operating margin 31.7%
Cheniere Energy Partners, L.P. made $2.6B in Q3 2026 (+7% Y/Y): LNG $2.5B, Regasification $34.0M, Other $17.0M. Operating margin 31.7%, net earnings $639M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $2.6B in Q3 2026, up 7% year over year and roughly flat from the previous quarter. LNG was the largest line at 98% of revenue. LNG added $0.17B year over year (up 7%), 99% of the total change.
Operating profit was $0.81B, a 31.7% margin (up 2.7 points year over year). Of the extra revenue versus Q3 2025, 70% reached operating profit, above the 29% margin then. Total costs grew 3% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.64B, up 26% year over year. The effective tax rate was 0.0%.
Operating cash flow was $0.94B (up 43% year over year), 147% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items added $0.13B. Capital expenditures of $0.23B left free cash flow of $0.71B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $2.6B | +7% | 31.7% | $639M | $941M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $2.6B | +5% | 51.9% | $1.2B | $699M |
| Q1 2026 | 10-Q | May 7, 2026 | $3.6B | +20% | 10.0% | $186M | $910M |
| Q4 2025 | 10-K | Feb 26, 2026 | $2.9B | +18% | 50.5% | $1.3B | $887M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $2.4B | +17% | 29.0% | $506M | $658M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $2.5B | +30% | 29.1% | $553M | $558M |
| Q1 2025 | 10-Q | May 8, 2025 | $3.0B | +30% | 27.6% | $641M | $665M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Cheniere Energy Partners, L.P.
Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities with a total production capacity of over 30 mtpa of LNG, inclusive of debottlenecking opportunities. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and three marine berths. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate pipelines. For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the Securities and Exchange Commission.
In its own words, from its 8-K, filed Aug 6, 2026.
Cheniere Energy Partners, L.P. against its Natural Gas Distribution peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +7%. Operating margin: 31.7% against the peers' median 31.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CQP Cheniere Energy Partners, L.P. | Q3 2026 | $2.6B | +7% | 31.7% |
| LNG Cheniere Energy | Q3 2026 | $6.2B | +39% | 31.0% |
| VG Venture Global | Q2 2026 | $4.6B | +48% | 47.8% |
| Cheniere Corpus Christi Holdings, LLC | Q3 2026 | $2.7B | +84% | 21.2% |
| Sabine Pass Liquefaction, LLC | Q3 2026 | $2.5B | +7% | 29.4% |
| ATO Atmos Energy | Q3 FY26 | $879M | +5% | 36.4% |
| NFG National Fuel Gas | Q3 FY26 | $537M | +1% | 38.9% |
| SR Spire | Q3 FY26 | $420M | -0.4% | 5.6% |
| NJR New Jersey Resources | Q3 FY26 | $349M | +17% | 9.1% |
Source: Cheniere Energy Partners, L.P. 10-Q on SEC EDGAR · CIK 1383650 · Natural Gas Distribution
13F: who owns CQP and who is buying
More on CQP
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- Cheniere Energy Partners, L.P. stock forecast, price target and fair value
- Who owns Cheniere Energy Partners, L.P. stock: holders, funds and Congress trades
- Is Cheniere Energy Partners, L.P. a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Cheniere Energy Partners, L.P. operating margin by quarter
- Cheniere Energy Partners, L.P. net income by quarter
- Cheniere Energy Partners, L.P. free cash flow by quarter
- Cheniere Energy Partners, L.P. capital expenditures by quarter
- Cheniere Energy Partners, L.P. LNG revenue by quarter
- Cheniere Energy Partners, L.P. Regasification revenue by quarter