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Cheniere Energy Partners, L.P. vs Atmos Energy: CQP and ATO compared
Cheniere Energy Partners, L.P. is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $879M for Atmos Energy (Q3 FY26). Cheniere Energy Partners, L.P. is growing faster (+7% against +5% a year earlier). Atmos Energy is more profitable, with an operating margin of 36.4% against 31.7%.
Where the money goes: CQP and ATO
Cheniere Energy Partners, L.P. (CQP) · Q3 2026
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 follows the revenue to costs, profit and cash.
Atmos Energy (ATO) · Q3 FY26
Atmos Energy, Q3 FY26: revenue $879M (+5% year over year), operating margin 36.4%, net earnings $243M, operating cash flow $640M. The chart follows the revenue to costs, profit and cash.
| Cheniere Energy Partners, L.P. (CQP) | Atmos Energy (ATO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $2.6B | $879M |
| Revenue growth, Y/Y | +7% | +5% |
| Operating margin | 31.7% | 36.4% |
| Net earnings | $639M | $243M |
| Net margin | 24.8% | 27.6% |
| Operating cash flow | $941M | $640M |
| Free cash flow | $712M | — |
| Market value | $27.6B | $29.3B |
| P/E | 8.4× | 20.9× |
| Analysts’ mean target | $60.08 | $182.73 |
Where the revenue comes from
Cheniere Energy Partners, L.P.
- LNG: $2.5B (98%)
- Regasification: $34.0M (1%)
- Other: $17.0M (1%)
Atmos Energy
- Distribution segment: $774M (88%)
- Pipeline and storage segment: $105M (12%)
Questions
Which is bigger, Cheniere Energy Partners, L.P. or Atmos Energy?
Cheniere Energy Partners, L.P. is the larger company: $2.6B of revenue in its latest quarter (Q3 2026) against $879M for Atmos Energy (Q3 FY26).
Is Cheniere Energy Partners, L.P. or Atmos Energy growing faster?
Cheniere Energy Partners, L.P. is growing faster (+7% against +5% a year earlier).
Which is more profitable, Cheniere Energy Partners, L.P. or Atmos Energy?
Atmos Energy is more profitable, with an operating margin of 36.4% against 31.7%.
More: Cheniere Energy Partners, L.P. earnings · how Cheniere Energy Partners, L.P. makes money · Atmos Energy earnings · how Atmos Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.