Cheniere Energy Partners (CQP) AI Stock Analysis

• Market Cap: $26.28B
• Dividend Yield: 6.01%
• Average Volume (3M): 126.55K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.37
• Revenue Growth: 10.62%
• EPS Growth: 5.04%
• Country: US
• Employees: 1,530
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.91
• Shares Outstanding: 484,048,130
• 10 Day Avg. Volume: 73,090
• 30 Day Avg. Volume: 126,553
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 3.94
• Enterprise Value/Gross Profit: 8.86
• Enterprise Value/Ebitda: 10.04
• 1Y Price Target: $54.13
• Price Target Upside: -0.57% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 8

• Rating: 62 Neutral
• Price Target: $59.00 ▲(8.38% Upside)

Cheniere Energy Partners' strong cash flow and reasonable valuation are key strengths, but high leverage and revenue volatility are significant risks. The technical indicators suggest a neutral trend, and the recent corporate event positively impacts financial flexibility.

Positive Factors

Debt Management

The partnership repaid $350MM of its 5.625% senior secured notes due 2025 with cash on hand.

Distribution

CQP’s Q3 distribution was $0.82/unit, slightly above our estimate of $0.81/unit.

Guidance

Management provided 2025 distribution per unit guidance, in line with consensus and above our estimate.

Negative Factors

Earnings Performance

Q4 results missed on lower volumes/margin.

EBITDA

Adjusted EBITDA of $890MM was below consensus of $949MM and our estimate of $936MM.

Valuation

Given what we see as limited upside even including foreseeable growth, we don't think the units are priced correctly, leading to a downgrade to Sell as we expect the valuation to drift lower in the coming quarters.

Cheniere Energy Partners Business Overview & Revenue Model

Company Description

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates natural gas liquefaction and export facility at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana. The company's regasification facilities include five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day. It also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines. Cheniere Energy Partners GP, LLC serves as the general partner of the company. The company was founded in 2003 and is headquartered in Houston, Texas.

How the Company Makes Money

Cheniere Energy Partners generates revenue primarily through long-term contracts for the export of LNG from its facilities. The company enters into fee-based agreements with customers, which include both take-or-pay contracts and capacity agreements, ensuring a steady stream of income regardless of market fluctuations. Key revenue streams include tolling fees for liquefying natural gas and additional charges for storage and transportation. Significant partnerships with major energy companies and countries seeking to diversify their energy sources contribute to CQP's earnings stability. Additionally, the increasing global demand for cleaner energy sources supports the growth of the LNG market, enhancing the company's financial performance.

Cheniere Energy Partners Financial Statement Overview

Summary

Cheniere Energy Partners shows strong cash flow generation and high profitability margins. However, the high leverage and negative equity pose significant financial risks, and revenue volatility adds to the uncertainty.

Income Statement

Cheniere Energy Partners shows strong gross profit margins, consistently above 30%, indicating efficient cost management. However, revenue has been volatile, with a notable decline from 2022 to 2023. Net profit margin improved significantly in 2024, but the revenue drop poses a risk to sustained profitability.

Balance Sheet

The company's balance sheet reflects a highly leveraged position, with a negative equity in 2024, signaling financial instability. Although total debt has decreased, the equity ratio remains negative, indicating potential financial risk if liabilities are not managed carefully.

Cash Flow

Cheniere Energy Partners demonstrates strong free cash flow generation, with consistent growth over the years. The operating cash flow to net income ratio is healthy, highlighting effective cash generation from operations. However, the use of cash for financing activities indicates reliance on debt or equity to fund operations, which could be a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.96B	8.70B	9.66B	17.21B	9.43B	6.17B
Gross Profit	4.43B	4.45B	6.25B	4.47B	3.49B	3.03B
EBITDA	3.91B	3.99B	5.75B	4.00B	3.02B	2.64B
Net Income	2.45B	2.51B	4.25B	2.50B	1.63B	1.18B
Balance Sheet
Total Assets	16.93B	17.45B	18.10B	19.63B	19.36B	19.14B
Cash, Cash Equivalents and Short-Term Investments	108.00M	270.00M	575.00M	904.00M	876.00M	1.21B
Total Debt	14.82B	15.11B	15.99B	16.31B	17.27B	17.68B
Total Liabilities	17.27B	17.96B	17.26B	21.76B	18.64B	18.61B
Stockholders Equity	-340.00M	-509.00M	845.00M	-1.12B	1.02B	714.00M
Cash Flow
Free Cash Flow	2.57B	2.81B	2.89B	3.70B	1.64B	779.00M
Operating Cash Flow	2.79B	2.97B	3.11B	4.15B	2.29B	1.75B
Investing Cash Flow	-224.00M	-162.00M	-227.00M	-451.00M	-648.00M	-972.00M
Financing Cash Flow	-2.84B	-3.06B	-3.25B	-3.68B	-1.98B	-1.43B

Cheniere Energy Partners Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 54.44
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CQP, the sentiment is Neutral. The current price of 54.44 is below the 20-day moving average (MA) of 54.56, above the 50-day MA of 54.42, and below the 200-day MA of 56.57, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 50.27 is Neutral, neither overbought nor oversold. The STOCH value of 54.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CQP.

Cheniere Energy Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WES	77 Outperform	$14.59B	11.81	38.42%	9.31%	7.11%	-16.14%
LNG	68 Neutral	$53.09B	13.95	68.91%	0.83%	11.20%	-8.80%
PAA	68 Neutral	$12.22B	19.33	8.34%	8.28%	-4.31%	-17.80%
TRGP	66 Neutral	$35.09B	23.08	60.30%	2.12%	5.88%	46.35%
Sector *	65 Neutral	$15.26B	7.31	3.02%	5.32%	4.27%	-62.52%
CQP	62 Neutral	$26.28B	13.13	112.19%	6.01%	10.62%	5.04%
VG	57 Neutral	$31.27B	24.21		0.25%	62.15%	-15.17%

Cheniere Energy Partners Corporate Events

Cheniere Energy Partners Announces Quarterly Cash Distribution

On July 29, 2025, Cheniere Energy Partners announced a quarterly cash distribution of $0.820 per common unit, payable on August 14, 2025, to unitholders of record as of August 8, 2025. This distribution includes a base amount and a variable portion, and is subject to US withholding tax for foreign investors, reflecting the company’s ongoing financial commitments and regulatory compliance.

The most recent analyst rating on (CQP) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Cheniere Energy Partners stock, see the CQP Stock Forecast page.

Cheniere Energy Partners Closes $1 Billion Senior Notes Offering

On July 10, 2025, Cheniere Energy Partners, L.P. successfully closed a $1.0 billion offering of 5.550% Senior Notes due 2035, sold privately under the Securities Act. These senior unsecured obligations are guaranteed by Cheniere’s subsidiaries and come with specific covenants and redemption options. The company has also entered into a Registration Rights Agreement to facilitate the exchange of these Notes for registered securities, with obligations to register the Notes within 360 days to avoid additional interest penalties.

The most recent analyst rating on (CQP) stock is a Hold with a $65.00 price target. To see the full list of analyst forecasts on Cheniere Energy Partners stock, see the CQP Stock Forecast page.

Cheniere Energy Partners Issues $1 Billion Senior Notes

On June 25, 2025, Cheniere Energy Partners announced the issuance and sale of $1 billion in 5.550% Senior Notes due 2035, with the proceeds intended to redeem a portion of its subsidiary’s outstanding senior secured notes due 2026. This financial maneuver is part of Cheniere’s strategy to manage its debt obligations and optimize its capital structure, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (CQP) stock is a Hold with a $58.00 price target. To see the full list of analyst forecasts on Cheniere Energy Partners stock, see the CQP Stock Forecast page.