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Venture Global vs Cheniere Energy Partners, L.P.: VG and CQP compared
Venture Global is the larger company: $4.6B of revenue in its latest quarter (Q2 2026) against $2.6B for Cheniere Energy Partners, L.P. (Q3 2026). Venture Global is growing faster (+48% against +7% a year earlier). Venture Global is more profitable, with an operating margin of 47.8% against 31.7%.
Where the money goes: VG and CQP
Venture Global (VG) · Q2 2026
Venture Global, Q2 2026: revenue $4.6B (+48% year over year), operating margin 47.8%, net earnings $1.3B, operating cash flow $2.1B. 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.
| Venture Global (VG) | Cheniere Energy Partners, L.P. (CQP) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $4.6B | $2.6B |
| Revenue growth, Y/Y | +48% | +7% |
| Operating margin | 47.8% | 31.7% |
| Net earnings | $1.3B | $639M |
| Net margin | 29.4% | 24.8% |
| Operating cash flow | $2.1B | $941M |
| Free cash flow | — | $712M |
| Market value | $30.4B | $27.6B |
| P/E | 8.0× | 8.4× |
| Analysts’ mean target | $17.22 | $60.08 |
Where the revenue comes from
Venture Global
- LNG revenue: $4.6B (100%)
- Other revenue: $22.0M (0%)
Cheniere Energy Partners, L.P.
- LNG: $2.5B (98%)
- Regasification: $34.0M (1%)
- Other: $17.0M (1%)
Questions
Which is bigger, Venture Global or Cheniere Energy Partners, L.P.?
Venture Global is the larger company: $4.6B of revenue in its latest quarter (Q2 2026) against $2.6B for Cheniere Energy Partners, L.P. (Q3 2026).
Is Venture Global or Cheniere Energy Partners, L.P. growing faster?
Venture Global is growing faster (+48% against +7% a year earlier).
Which is more profitable, Venture Global or Cheniere Energy Partners, L.P.?
Venture Global is more profitable, with an operating margin of 47.8% against 31.7%.
More: Venture Global earnings · how Venture Global 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 Aug 11, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.