Filing Flows › Cheniere Energy Partners, L.P. (CQP) › Q3 2026 › vs Q2 2026
Cheniere Energy Partners, L.P. (CQP) Q3 2026 vs Q2 2026 (quarter over quarter)
Cheniere Energy Partners, L.P.'s revenue fell $9.0M (-0.3%) from $2.6B in Q2 2026 to $2.6B in Q3 2026. The biggest changes: LNG −$10.0M (-0.4%); Other +$1.0M (+6%); Regasification +$0 (0%). Operating margin 31.7% against 51.9% (-20.2 pts).
Cheniere Energy Partners, L.P., Q3 2026: revenue $2.6B (+7% year over year), operating margin 31.7%, net earnings $639M, operating cash flow $941M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.7% | 51.9% | -20.2 pts |
| Net margin | 24.8% | 44.9% | -20.1 pts |
| Free cash flow margin | 27.7% | 16.8% | +10.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| LNG | $2.5B | $2.5B | −$10.0M | -0.4% |
| Regasification | $34.0M | $34.0M | $0 | 0% |
| Other | $17.0M | $16.0M | $1.0M | +6% |
| Revenue | $2.6B | $2.6B | −$9.0M | -0.3% |
| Operating profit | $815M | $1.3B | −$525M | -39% |
| Costs & expenses | $1.8B | $1.2B | $516M | +42% |
| Pre-tax earnings | $639M | $1.2B | −$522M | -45% |
| Other expense, net | $176M | $179M | −$3.0M | -2% |
| Cost of revenue | $1.3B | $765M | $511M | +67% |
| General & admin | $28.0M | $26.0M | $2.0M | +8% |
| Other operating costs | $455M | $452M | $3.0M | +0.7% |
| Net earnings | $639M | $1.2B | −$522M | -45% |
| Depreciation & amortization | $174M | $174M | $0 | 0% |
| Working capital & other | $128M | −$636M | $764M | — |
| Operating cash flow | $941M | $699M | $242M | +35% |
| Free cash flow (OCF − capex) | $712M | $433M | $279M | +64% |
| Capital expenditures | $229M | $266M | −$37.0M | -14% |
Questions
How much did Cheniere Energy Partners, L.P.'s revenue grow quarter over quarter in Q3 2026?
Cheniere Energy Partners, L.P.'s revenue fell $9.0M (-0.3%) from $2.6B in Q2 2026 to $2.6B in Q3 2026.
What drove Cheniere Energy Partners, L.P.'s revenue change in Q3 2026?
LNG −$10.0M (-0.4%); Other +$1.0M (+6%); Regasification +$0 (0%).