Cheniere Energy Partners, L.p.

Utilities
Oil/Gas Transmission
www.cheniere.com

Earnings Score
Safety Score

Market Cap $34.79B
Debt $15.58B
Cash $379.00M
EV $50.00B
FCF $2.81B

Earnings

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Sales & Net Margins

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Earnings	$2.51B
EBIT	$3.28B
ROA	19%
FCF	$2.81B
Equity	-$509.00M
Growth Stability	90%
PE	13.86
PEG	0.42
PB	-68.35
P/FCF	12.36
P/S	4
Price/Cash	0.01
Debt/Equity	-30.61
Debt/FCF	5.54
Net Margins	29%
Gross Margins	59%
Op. Margins	38%
Earnings CAGR	32%
Sales Growth YoY	-8%
Sales Growth QoQ	20%
Sales CAGR	30%
FCF CAGR	36%
Equity CAGR	0%
Earnings Stability	0.57
Earnings Growth YoY	-31%

Earnings Growth QoQ	-2%
Earnings CAGR 5Y	33%
Sales CAGR 5Y	12%
FCF CAGR 5Y	51%
Equity CAGR 5Y	-0%
Earnings CAGR 3Y	-19%
Sales CAGR 3Y	-19%
FCF CAGR 3Y	7%
Market Cap	$34.79B
Revenue	$8.70B
Assets	$17.45B
Total Debt	$15.58B
Cash	$379.00M
Shares Outstanding	590.59M
EV	50B
Earnings Score	86%
Safety Score	62%
Working Capital	-387M
Current Ratio	0.77
Gross Profit	$5.13B
Shares Growth 3y	-10%
Equity Growth QoQ	-19%
Equity Growth YoY	-35%

Assets & ROA

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Stockholders Equity & ROE

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Cheniere Energy Partners, L.P. (NYSE: CQP) (Cheniere Partners) is a publicly traded Delaware limited partnership formed by Cheniere Energy, Inc. . Cheniere Partners provides clean, secure and affordable LNG to integrated energy companies, utilities and energy trading companies around the world. Cheniere Partners aspires to conduct business in a safe and responsible manner, delivering a reliable, competitive and integrated source of LNG to its global customers.

SEC Filings

Direct access to Cheniere Energy Partners, L.p. (CQP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cheniere Energy Partners, L.p. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cheniere Energy Partners, L.p. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 32%

Stability 57%

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Cheniere Energy Partners, L.p. Discounted Cash Flow

Fully customizable DCF calculator online for Cheniere Energy Partners, L.p..

Years

Calculation mode

= $350B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2.8B	$3.8B	$5.2B	$7.1B	$9.7B	$13B	$18B	$25B	$34B	$46B	$62B	$623B
DCF		$3.5B	$4.3B	$5.4B	$6.6B	$8.2B	$10B	$13B	$16B	$19B	$24B	$240B
Value	$350B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-118%	-16%	11%	20%	17%	19%	17%	15%	44%	29%	29%
ROA	-	2%	7%	11%	11%	11%	13%	17%	28%	19%	19%
ROE	-	-39%	77%	159%	164%	219%	227%	-117%	-543%	-493%	-

Good Net Margins (28.84%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-6.23	-51.27	15.01	81.38	22.79	10.55	4.42	5.65	5.54	5.54
Debt over Equity	16.63	32.58	25.11	20.08	24.59	32.93	24.14	-7.66	-20.83	-30.61	-30.61
Growth Stability	-	-	-	-	100%	100%	100%	100%	100%	90%	90%

Bad Debt/FCF ratio (5.54)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (-30.61)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (90%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	307%	291%	49%	6%	-10%	53%	82%	-44%	-10%	12%
Earnings YoY growth	-	-46%	-386%	160%	-8%	1%	38%	53%	70%	-41%	33%
Equity YoY growth	-	-38%	44%	25%	-11%	-25%	33%	-397%	-63%	-35%	-0%
FCF YoY growth	-	-20%	-86%	-442%	-80%	261%	111%	125%	-22%	-3%	51%