Filing Flows › Cheniere Energy Partners, L.P. (CQP) › Q2 2026 › vs Q2 2025
Cheniere Energy Partners, L.P. (CQP) Q2 2026 vs Q2 2025 (year over year)
Cheniere Energy Partners, L.P.'s revenue rose $128M (+5%) from $2.5B in Q2 2025 to $2.6B in Q2 2026. The biggest changes: LNG +$127M (+5%); Other +$1.0M (+7%); Regasification +$0 (0%). Operating margin 51.9% against 29.1% (+22.8 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 51.9% | 29.1% | +22.8 pts |
| Net margin | 44.9% | 22.5% | +22.4 pts |
| Free cash flow margin | 16.8% | 20.0% | -3.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| LNG | $2.5B | $2.4B | $127M | +5% |
| Regasification | $34.0M | $34.0M | $0 | 0% |
| Other | $16.0M | $15.0M | $1.0M | +7% |
| Revenue | $2.6B | $2.5B | $128M | +5% |
| Operating profit | $1.3B | $715M | $625M | +87% |
| Costs & expenses | $1.2B | $1.7B | −$497M | -29% |
| Pre-tax earnings | $1.2B | $553M | $608M | +110% |
| Other expense, net | $179M | $162M | $17.0M | +10% |
| Cost of revenue | $765M | $1.2B | −$431M | -36% |
| General & admin | $26.0M | $26.0M | $0 | 0% |
| Other operating costs | $452M | $518M | −$66.0M | -13% |
| Net earnings | $1.2B | $553M | $608M | +110% |
| Depreciation & amortization | $174M | $171M | $3.0M | +2% |
| Working capital & other | $636M | $166M | $470M | +283% |
| Operating cash flow | $699M | $558M | $141M | +25% |
| Free cash flow (OCF − capex) | $433M | $490M | −$57.0M | -12% |
| Capital expenditures | $266M | $68.0M | $198M | +291% |
Questions
How much did Cheniere Energy Partners, L.P.'s revenue grow year over year in Q2 2026?
Cheniere Energy Partners, L.P.'s revenue rose $128M (+5%) from $2.5B in Q2 2025 to $2.6B in Q2 2026.
What drove Cheniere Energy Partners, L.P.'s revenue change in Q2 2026?
LNG +$127M (+5%); Other +$1.0M (+7%); Regasification +$0 (0%).