Filing Flows › Cheniere Energy Partners, L.P. (CQP) › Q2 2026
Cheniere Energy Partners, L.P. (CQP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Cheniere Energy Partners, L.P. (CQP) reported revenue of $2.6B for the second quarter 2026 (Q2 2026), +5% from a year earlier and -28% from the quarter before. Operating margin was 51.9%, net earnings $1.2B (44.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | -28% | +5% |
| Operating profit | $1.3B | +271% | +87% |
| Net earnings | $1.2B | +524% | +110% |
| Operating cash flow | $699M | -23% | +25% |
| Free cash flow | $433M | -51% | -12% |
What changed
Revenue was $2.6B in Q2 2026, up 5% year over year and down 28% from the previous quarter. LNG was the largest line at 98% of revenue. LNG added $0.13B year over year (up 5%), 99% of the total change.
Operating profit was $1.3B, a 51.9% margin (up 22.8 points year over year). Of the extra revenue versus Q2 2025, 488% reached operating profit, above the 29% margin then. Total costs fell 29% while revenue rose 5%. Net earnings were $1.2B, up 110% year over year. The effective tax rate was 0.0%.
Operating cash flow was $0.70B (up 25% year over year), 60% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items used $0.64B. Capital expenditures of $0.27B left free cash flow of $0.43B.
Questions
What was Cheniere Energy Partners, L.P.'s revenue in the second quarter 2026?
Cheniere Energy Partners, L.P.
Was Cheniere Energy Partners, L.P. profitable in the second quarter 2026?
Operating profit was $1.3B (51.9% of revenue) and net earnings $1.2B.