Filing Flows › Cheniere Energy Partners, L.P. (CQP) › Q3 2026 › vs Q3 2025
Cheniere Energy Partners, L.P. (CQP) Q3 2026 vs Q3 2025 (year over year)
Cheniere Energy Partners, L.P.'s revenue rose $170M (+7%) from $2.4B in Q3 2025 to $2.6B in Q3 2026. The biggest changes: LNG +$168M (+7%); Other +$2.0M (+13%); Regasification +$0 (0%). Operating margin 31.7% against 29.0% (+2.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.7% | 29.0% | +2.7 pts |
| Net margin | 24.8% | 21.0% | +3.8 pts |
| Free cash flow margin | 27.7% | 25.4% | +2.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| LNG | $2.5B | $2.4B | $168M | +7% |
| Regasification | $34.0M | $34.0M | $0 | 0% |
| Other | $17.0M | $15.0M | $2.0M | +13% |
| Revenue | $2.6B | $2.4B | $170M | +7% |
| Operating profit | $815M | $696M | $119M | +17% |
| Costs & expenses | $1.8B | $1.7B | $51.0M | +3% |
| Pre-tax earnings | $639M | $506M | $133M | +26% |
| Other expense, net | $176M | $190M | −$14.0M | -7% |
| Cost of revenue | $1.3B | $1.3B | −$2.0M | -0.2% |
| General & admin | $28.0M | $26.0M | $2.0M | +8% |
| Other operating costs | $455M | $404M | $51.0M | +13% |
| Net earnings | $639M | $506M | $133M | +26% |
| Depreciation & amortization | $174M | $173M | $1.0M | +0.6% |
| Working capital & other | $128M | −$21.0M | $149M | — |
| Operating cash flow | $941M | $658M | $283M | +43% |
| Free cash flow (OCF − capex) | $712M | $610M | $102M | +17% |
| Capital expenditures | $229M | $48.0M | $181M | +377% |
Questions
How much did Cheniere Energy Partners, L.P.'s revenue grow year over year in Q3 2026?
Cheniere Energy Partners, L.P.'s revenue rose $170M (+7%) from $2.4B in Q3 2025 to $2.6B in Q3 2026.
What drove Cheniere Energy Partners, L.P.'s revenue change in Q3 2026?
LNG +$168M (+7%); Other +$2.0M (+13%); Regasification +$0 (0%).