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Cheniere Energy vs Cheniere Energy Partners, L.P.: LNG and CQP compared
Cheniere Energy is the larger company: $6.2B of revenue in its latest quarter (Q3 2026) against $2.6B for Cheniere Energy Partners, L.P. (Q3 2026). Cheniere Energy is growing faster (+39% against +7% a year earlier). Cheniere Energy Partners, L.P. is more profitable, with an operating margin of 31.7% against 31.0%.
Where the money goes: LNG and CQP
Cheniere Energy (LNG) · Q3 2026
Cheniere Energy, Q3 2026: revenue $6.2B (+39% year over year), operating margin 31.0%, net earnings $1.2B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
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.
| Cheniere Energy (LNG) | Cheniere Energy Partners, L.P. (CQP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.2B | $2.6B |
| Revenue growth, Y/Y | +39% | +7% |
| Operating margin | 31.0% | 31.7% |
| Net earnings | $1.2B | $639M |
| Net margin | 19.0% | 24.8% |
| Operating cash flow | $2.5B | $941M |
| Free cash flow | $1.7B | $712M |
| Market value | $57.8B | $27.6B |
| P/E | 19.7× | 8.4× |
| Analysts’ mean target | $335.70 | $60.08 |
Where the revenue comes from
Cheniere Energy
- LNG: $6.0B (98%)
- Other revenues: $76.0M (1%)
- Regasification: $34.0M (1%)
- Other: $29.0M (0%)
Cheniere Energy Partners, L.P.
- LNG: $2.5B (98%)
- Regasification: $34.0M (1%)
- Other: $17.0M (1%)
Questions
Which is bigger, Cheniere Energy or Cheniere Energy Partners, L.P.?
Cheniere Energy is the larger company: $6.2B of revenue in its latest quarter (Q3 2026) against $2.6B for Cheniere Energy Partners, L.P. (Q3 2026).
Is Cheniere Energy or Cheniere Energy Partners, L.P. growing faster?
Cheniere Energy is growing faster (+39% against +7% a year earlier).
Which is more profitable, Cheniere Energy or Cheniere Energy Partners, L.P.?
Cheniere Energy Partners, L.P. is more profitable, with an operating margin of 31.7% against 31.0%.
More: Cheniere Energy earnings · how Cheniere Energy makes money · Cheniere Energy Partners, L.P. earnings · how Cheniere Energy Partners, L.P. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.