Filing Flows › Cheniere Energy Partners, L.P. (CQP) › Q2 2026 › vs Q1 2026
Cheniere Energy Partners, L.P. (CQP) Q2 2026 vs Q1 2026 (quarter over quarter)
Cheniere Energy Partners, L.P.'s revenue fell $1.0B (-28%) from $3.6B in Q1 2026 to $2.6B in Q2 2026. The biggest changes: LNG −$1.0B (-29%); Other −$1.0M (-6%); Regasification +$0 (0%). Operating margin 51.9% against 10.0% (+41.8 pts).
Cheniere Energy Partners, L.P., Q2 2026: revenue $2.6B (+5% year over year), operating margin 51.9%, net earnings $1.2B, operating cash flow $699M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 51.9% | 10.0% | +41.8 pts |
| Net margin | 44.9% | 5.2% | +39.8 pts |
| Free cash flow margin | 16.8% | 24.4% | -7.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| LNG | $2.5B | $3.5B | −$1.0B | -29% |
| Regasification | $34.0M | $34.0M | $0 | 0% |
| Other | $16.0M | $17.0M | −$1.0M | -6% |
| Revenue | $2.6B | $3.6B | −$1.0B | -28% |
| Operating profit | $1.3B | $361M | $979M | +271% |
| Costs & expenses | $1.2B | $3.2B | −$2.0B | -62% |
| Pre-tax earnings | $1.2B | $186M | $975M | +524% |
| Other expense, net | $179M | $175M | $4.0M | +2% |
| Cost of revenue | $765M | $2.8B | −$2.0B | -72% |
| General & admin | $26.0M | $27.0M | −$1.0M | -4% |
| Other operating costs | $452M | $450M | $2.0M | +0.4% |
| Net earnings | $1.2B | $186M | $975M | +524% |
| Depreciation & amortization | $174M | $174M | $0 | 0% |
| Working capital & other | $636M | −$550M | $1.2B | — |
| Operating cash flow | $699M | $910M | −$211M | -23% |
| Free cash flow (OCF − capex) | $433M | $879M | −$446M | -51% |
| Capital expenditures | $266M | $31.0M | $235M | +758% |
Questions
How much did Cheniere Energy Partners, L.P.'s revenue grow quarter over quarter in Q2 2026?
Cheniere Energy Partners, L.P.'s revenue fell $1.0B (-28%) from $3.6B in Q1 2026 to $2.6B in Q2 2026.
What drove Cheniere Energy Partners, L.P.'s revenue change in Q2 2026?
LNG −$1.0B (-29%); Other −$1.0M (-6%); Regasification +$0 (0%).