Cheniere Energy Partners (CQP)
NYSE:CQP
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.91Same Quarter Last Year
Moderate Sell
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive and confidence-inspiring: management reported record exports, strong adjusted quarterly cash generation (adjusted EBITDA > $2.3B and DCF ~$1.7B), upwardly revised full-year guidance, accelerated production and project progress (stage three ~97% complete; Train 6 imminent), disciplined capital allocation (buybacks, dividend, debt paydown) and credit upgrades. These positives are tempered by a significant GAAP net loss driven by non-cash derivative mark-to-market swings, sizable near-term market volatility and geopolitical-driven supply disruptions (including ~7 million tonnes/month impacted through the Strait closure), and timing/operational risks that create sensitivity around guidance. On balance, the operational and financial momentum and upgraded guidance outweigh the near-term market and accounting headwinds.Company Guidance
Record Quarterly Production and Exports
Produced and exported a record 187 cargos through March (Q1 2026), topping the prior quarterly record. Recognized ~646 TBtu of LNG produced in Q1.
Strong Q1 Financial Results (Adjusted)
Generated consolidated adjusted EBITDA of over $2.3 billion and distributable cash flow (DCF) of approximately $1.7 billion in Q1 2026. Adjusted net income (ex-unrealized derivative impacts) was approximately $1.0 billion for the quarter.
Upwardly Revised Full-Year Guidance
Increased full-year 2026 guidance to consolidated adjusted EBITDA of $7.25–$7.75 billion (midpoint up ~$500 million) and DCF to $4.75–$5.25 billion (midpoint up ~$400 million).
Higher Production Forecast
Raised 2026 production forecast by ~1 million tonnes to approximately 52–54 million tonnes for the year, unlocking incremental volumes for marketing/optimization.
Operational Reliability and Debottlenecking Wins
Teams implemented solutions to feed-gas composition variability and other bottlenecks, improving utilization across sites and enabling accelerated timelines and ramp rates for stage three trains.
Stage Three and Midscale Construction Progress
CCDL (stage 3) ~97% complete; Train 5 achieved substantial completion in March; Trains 6 and 7 tracking ahead of prior schedule with Train 6 first LNG expected imminently. Mid-scale Frames 8/9 and D bottlenecking ~37% complete with piling (~8,000 piles) and first structural erected.
Disciplined Capital Allocation & Shareholder Returns
Repurchased ~2.7 million shares for approximately $535 million in Q1; declared common dividend of $0.555 per share (~$116 million payout); deployed ~$1.2 billion to growth CapEx, buybacks/dividends and debt paydown.
Balance Sheet Actions and Liquidity
Repaid >$250 million of indebtedness, fully redeemed SBL 2026 notes, issued $1.0 billion 2036 and $750 million 2056 notes, prepaid $550 million drawn on Corpus Christi term loan; consolidated cash ~ $1.8 billion plus significant undrawn revolver/term loan capacity.
Credit Rating Upgrades
Moody's upgraded unsecured notes at CEI and CCH to Baa2 and Baa1, respectively; Cheniere projects now rated high triple-B at project level and mid triple-B+ or better at unsecured corporate levels across agencies.
Low Unsold Volumes for 2026
After forward selling activity during the quarter, less than 1 million tonnes (less than ~50 TBtu) of 2026 volume remains unsold, indicating limited open exposure for the year.
CQP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CQP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $63.20 | $62.40 | -1.26% |
Feb 26, 2026 | $58.05 | $59.99 | +3.33% |
Oct 30, 2025 | $51.31 | $51.50 | +0.37% |
Aug 06, 2025 | $53.17 | $52.69 | -0.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cheniere Energy Partners (CQP) report earnings?
Cheniere Energy Partners (CQP) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Cheniere Energy Partners (CQP) earnings time?
Cheniere Energy Partners (CQP) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CQP EPS forecast?
CQP EPS forecast for the fiscal quarter 2026 (Q2) is 0.93.