CQPCheniere Energy Partners, L.P.(CQP)Stock Analysis

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13F Pro Quality Score

74.1/100

Rank #166 of 2,879 stocksTOP 10%

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

67.2/100

Profitability

70.5/100

Balance Sheet

88.1/100

Earnings Quality

12.2/100

Free Cash Flow

80.6/100

Institutional Flow

55.1/100

Revenue Scale

87.7/100

Dilution Risk

94.9/100

CQP Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Cheniere Energy Partners, L.P. (CQP), a Energy sector company. 13F Pro's AI-powered ranking engine scores CQP at 74.1/100 on a 32-signal composite quality model, placing it at rank #166 of 2,879 stocks — the top 10% of the AI-ranked universe. CQP scores in the top quartile across balance sheet strength (88.1), revenue scale (87.7), free cash flow (80.6). Areas of concern include earnings quality (12.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), Cheniere Energy Partners, L.P. reports quarterly revenue of $3.6B, net income of $186.0M, free cash flow of $879.0M. Top institutional holders of CQP by reported 13-F value include Blackstone, BROOKFIELD /ON/, ALPS ADVISORS, based on the most recent SEC filings. CQP trades on the NYSE exchange and files with the SEC under CIK 1383650. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CQP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Cheniere Energy Partners, L.P. directly from SEC EDGAR.

Fun facts about Cheniere Energy Partners, L.P.

Quirks, history, and lore behind CQP — the kind of stuff that makes a stock memorable.

  • 1
    The Basics
    U.S. energy company · structured as a master limited partnership · listed on NYSE · headquartered in Houston, Texas.
  • 2
    The Numbers
    Generates billions in annual revenue and is known for distributing generous cash payouts to unitholders — the MLP structure basically demands it.
  • 3
    The History
    Formed in the 2000s as a subsidiary of its parent company, it was created to own and operate interests in one of the first and largest LNG export terminals ever built in the U.S.
  • 4
    The Secret
    Its entire business revolves around a single facility on Sabine Pass — a stretch of the Louisiana-Texas border that became the launchpad for America's liquefied natural gas export boom.
  • 5
    The Lore
    When the Sabine Pass liquefaction project came online, it was a historic milestone: the first large-scale LNG export terminal in the contiguous United States in decades.
  • 6
    The Giveaway
    It's the publicly traded partnership arm of Cheniere Energy — the company that turned the U.S. into a global LNG exporting powerhouse, one supertanker at a time.
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What's Driving CQP's Business? Latest 10-Q Breakdown

AI-extracted from Cheniere Energy Partners, L.P.'s 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income fell 71% to $186M despite revenue growth, driven by $599M in unfavorable derivative fair value changes on long-term IPM agreements amid volatile global LNG markets.

Biggest Revenue Drivers

Total revenue: $3,600M+20% YoY

LNG revenues$2,703M+19% YoY

Increased Henry Hub pricing

LNG revenues—affiliate$846M+26% YoY

Higher pricing per MMBtu from increased Henry Hub

Regasification revenues$34MFlat YoY
Other revenues$17MFlat YoY

Largest Expense Items

Operating and maintenance expense$226M+11% YoY
Depreciation and amortization expense$174M+2% YoY
Interest expense, net of capitalized interest$181M-5% YoY

Margins: Gross margin compressed significantly due to $826M unfavorable change in fair value of long-term IPM agreements reflecting widening spreads between global and U.S. natural gas benchmarks and elevated volatility from geopolitical uncertainties and supply constraints, partially offset by $225M favorable change in other derivative instruments.

Watch Items from the Filing

  • Customer concentration: Customer A represents 25% of Q1 2026 revenues and 33% of receivables; Customers B, C, D, E collectively represent 52% of revenues. Top five customers exceed 75% of revenue.
  • Derivative liability jumped to $1,634M net at Q1 2026 from $1,064M at year-end 2025, largely due to $1,161M Level 3 Liquefaction Supply Derivatives liability sensitive to Henry Hub basis spreads and international LNG pricing volatility.
  • SPL Expansion Project remains pre-FID with pending FERC authorizations, DOE export authorizations for non-FTA countries, and definitive commercial/EPC contracts. Target FID 2026/2027 subject to achieving milestones.
  • Current debt increased to $1,606M at Q1 2026 from $306M at year-end 2025, primarily due to $200M maturity of 5.875% SPL notes due 2026, indicating near-term refinancing requirement.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Revenue

Q1 2026

$3.6B

Net Income

Q1 2026

$186.0M

Free Cash Flow

Q1 2026

$879.0M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+23.6% YoY
$10.76BFY 2025
FY21 $9.43BFY23 $9.66BFY24 $8.70BFY25 $10.76B

Net Income

+19.0% YoY
$2.99BFY 2025
FY21 $1.63BFY23 $4.25BFY24 $2.51BFY25 $2.99B

Operating Income

+13.0% YoY
$3.71BFY 2025
FY21 $2.56BFY23 $5.04BFY24 $3.28BFY25 $3.71B

Total Assets

-0.1% YoY
$17.44BFY 2025
FY21 $19.36BFY23 $18.10BFY24 $17.45BFY25 $17.44B

Total Debt

-4.5% YoY
$14.77BFY 2025
FY21 $17.18BFY23 $16.21BFY24 $15.46BFY25 $14.77B

Op. Cash Flow

-6.7% YoY
$2.77BFY 2025
FY21 $2.29BFY23 $3.11BFY24 $2.97BFY25 $2.77B

AI Insight: CQP Financial Trends

Q1 2026 revenue hit $3.6B but net income collapsed 78% sequentially, signaling operational headwinds despite strong top-line growth.

Revenue surged 24% YoY to $3.6B in Q1 2026, extending growth from $2.9B in Q1 2025.

Net income fell from $1,287M in Q4 2025 to $186M in Q1 2026—sharpest drop in the data series.

Total debt increased $1.1B to $15.8B in Q1 2026, reversing 4 quarters of deleveraging since Q2 2024.

Operating cash flow $910M in Q1 2026, strong, but net income deterioration suggests earnings quality pressure.

Operating margin compressed to 10% in Q1 2026 from 51% in Q4 2025—largest contraction on record.

AI Insight: CQP Ratio Trends

Q4 2025 spike in profitability metrics collapsed entirely in Q1 2026, signaling a severe operational or seasonal reversal.

Operating margin plummeted from 50.5% in Q4 2025 to 10.0% in Q1 2026; ROIC fell from 39.8% to 9.1%.

Net profit margin contracted to 5.2% in Q1 2026, lowest in the data set, despite prior quarters ranging 21–44%.

TTM ROIC of 20.5% masks severe Q1 2026 deterioration; ROA at 4.3% suggests asset productivity crumbled.

Q4 2025 metrics (50.5% OpMargin, 39.8% ROIC) appear to be anomalous spike; sustainability unclear.

Consecutive decline in ROIC from Q1 2025 peak (22.1%) through Q3 2025 (18.1%), then Q1 2026 (9.1%).

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Available Research

13F Pro tracks comprehensive data for Cheniere Energy Partners, L.P. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)
XBRL financial facts (revenue, EPS, margins)
Insider transactions (Form 4)
Institutional 13F holdings
Quality rankings (32 signals)
AI analyst debates & daily meetings
Historical financial trends
Peer comparison & sector analysis

Top Institutional Holders of CQP

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Is CQP a good stock to buy?

13F Pro's AI-powered analysis of Cheniere Energy Partners, L.P. (CQP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CQP are available on the CQP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own CQP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CQP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Cheniere Energy Partners, L.P.'s investment landscape.