Cheniere Energy Partners, L.P. (CQP) Income Statement
CQP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCQP revenue and net income
Where CQP's revenue goes
2025Each bar shows an amount and its share of revenue. CQP kept 27.8% of revenue as net income.
CQP profit margins
CQP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.6% | −14.5% | +11.8% | +44.6% |
| Gross profit | −17.0% | −6.2% | +4.0% | +33.3% |
| Operating income | +9.3% | +2.0% | +11.0% | +103.1% |
| Net income | +19.0% | +6.1% | +20.4% | — |
| EPS (diluted) | +0.7% | −15.1% | +12.5% | +11.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CQP quarterly EPS vs estimates
Cheniere Energy Partners beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.99).
CQP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.76B | $8.70B | $9.66B | $17.21B | $9.43B | $6.17B | $6.84B | $6.43B | $4.30B | $1.10B |
| Cost of revenue | $7.06B | $4.25B | $3.42B | $12.73B | $5.95B | $3.13B | $3.91B | $3.93B | $100.0M | $568.0M |
| Gross profit | $3.69B | $4.45B | $6.25B | $4.47B | $3.49B | $3.03B | $2.93B | $6.31B | $4.20B | $532.0M |
| Research & development | — | — | — | — | $2.0M | — | — | $2.0M | $3.0M | $522,000 |
| Sales, general & admin | $12.0M | $190.0M | $99.0M | $97.0M | $94.0M | $110.0M | $113.0M | $86.0M | $92.0M | $102.8M |
| Total operating expenses | $110.0M | $1.17B | $1.21B | $1.09B | $929.0M | $904.0M | $883.0M | $4.33B | $3.05B | $282.3M |
| Operating income | $3.58B | $3.28B | $5.04B | $3.38B | $2.56B | $2.12B | $2.04B | $1.98B | $1.16B | $250.4M |
| Interest income | $18.0M | $33.0M | $46.0M | $870.0M | $831.0M | $909.0M | $885.0M | $719.0M | $610.0M | $351.4M |
| Interest expense | $753.0M | $800.0M | $823.0M | $870.0M | $831.0M | $909.0M | $885.0M | $733.0M | $614.0M | $357.0M |
| Income before taxes | $2.99B | $2.51B | $4.25B | $2.50B | $1.63B | $1.18B | $1.18B | $1.27B | $490.0M | −$171.2M |
| Income taxes | — | — | $824.0M | $882.0M | $836.0M | $368.0M | $391.0M | $28.0M | $286.0M | $202.8M |
| Net income | $2.99B | $2.51B | $4.25B | $2.50B | $1.63B | $1.18B | $1.18B | $1.27B | $490.0M | −$171.0M |
| EBITDA | $4.43B | $3.99B | $5.75B | $4.00B | $3.02B | $2.64B | $2.59B | $2.43B | $1.44B | $342.0M |
| EPS (diluted) | $4.49 | $4.46 | $4.48 | $7.33 | $3.32 | $2.49 | $2.24 | $2.53 | $3.26 | −$0.35 |
| Gross margin | 34.3% | 51.1% | 64.7% | 26.0% | 37.0% | 49.2% | 42.8% | 98.2% | 97.7% | 48.4% |
| Operating margin | 33.3% | 37.7% | 52.1% | 19.6% | 27.1% | 34.5% | 29.8% | 30.8% | 26.9% | 22.8% |
| Net margin | 27.8% | 28.8% | 44.0% | 14.5% | 17.3% | 19.2% | 17.2% | 19.8% | 11.4% | −15.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.58B | $3.60B | $2.91B | $2.40B | $2.46B | $2.99B | $2.46B | $2.06B | $1.89B | $2.29B | $2.69B | $2.13B |
| Cost of revenue | $765.0M | $3.24B | $1.42B | $1.79B | $1.37B | $1.87B | $1.34B | $944.0M | $831.0M | $1.14B | $1.30B | $947.0M |
| Gross profit | $1.82B | $358.0M | $1.49B | $617.0M | $1.09B | $1.11B | $1.12B | $1.11B | $1.06B | $1.16B | $1.39B | $1.18B |
| Sales, general & admin | $3.0M | $3.0M | $44.0M | $3.0M | $26.0M | $27.0M | $24.0M | $48.0M | $26.0M | $25.0M | $25.0M | $22.0M |
| Total operating expenses | $478.0M | $29.0M | $28.0M | $26.0M | $373.0M | $289.0M | $305.0M | $284.0M | $297.0M | $284.0M | $288.0M | $197.0M |
| Operating income | $1.34B | $329.0M | $1.46B | $591.0M | $715.0M | $826.0M | $812.0M | $827.0M | $766.0M | $875.0M | $1.10B | $988.0M |
| Interest income | — | $5.0M | $4.0M | $5.0M | $4.0M | $5.0M | $8.0M | $7.0M | $9.0M | $9.0M | $7.0M | $12.0M |
| Interest expense | $183.0M | $181.0M | $186.0M | $189.0M | $188.0M | $190.0M | $197.0M | $199.0M | $202.0M | $202.0M | $203.0M | $205.0M |
| Income before taxes | $1.16B | $186.0M | $1.29B | $506.0M | $553.0M | $641.0M | $623.0M | $635.0M | $570.0M | $682.0M | $906.0M | $791.0M |
| Income taxes | — | — | — | — | — | — | — | $635.0M | $202.0M | $9.0M | $204.0M | $205.0M |
| Net income | $1.16B | $186.0M | $1.28B | $506.0M | $553.0M | $641.0M | $623.0M | $635.0M | $570.0M | $682.0M | $906.0M | $791.0M |
| EBITDA | $1.52B | $179.0M | $1.65B | $868.0M | $912.0M | $1.00B | $991.0M | $1.00B | $942.0M | $1.05B | $1.28B | $1.16B |
| EPS (diluted) | $1.10 | $1.71 | $1.08 | $1.09 | $0.91 | $1.41 | $1.09 | $1.08 | $0.97 | $1.32 | $1.41 | $0.89 |
| Gross margin | 70.4% | 9.9% | 51.3% | 25.7% | 44.3% | 37.3% | 45.4% | 54.1% | 56.1% | 50.5% | 51.7% | 55.5% |
| Operating margin | 51.9% | 9.1% | 50.3% | 24.6% | 29.1% | 27.6% | 33.0% | 40.2% | 40.4% | 38.1% | 41.0% | 46.4% |
| Net margin | 44.9% | 5.2% | 43.9% | 21.0% | 22.5% | 21.4% | 25.3% | 30.9% | 30.1% | 29.7% | 33.7% | 37.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CQP's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CQP financial results
In fiscal year 2025 (ended December 31, 2025), Cheniere Energy Partners reported revenue of $10.8 billion, up 23.6% from the year before. It had net income of $3.0 billion (up 19.0%), a net profit margin of 27.8%. Diluted earnings per share came to $4.49. Over five years revenue grew at an average rate of 11.8% a year.
See the CQP stock overview for the latest quote and news, or the CQP chart for price history and technical indicators.
CQP income statement FAQ
What is Cheniere Energy Partners's annual revenue?
Cheniere Energy Partners reported total revenue of $10.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 23.6% from $8.7 billion the previous year.
Is Cheniere Energy Partners profitable?
Yes. Cheniere Energy Partners reported net income of $3.0 billion in fiscal 2025, a net profit margin of 27.8%; its operating margin was 33.3%.
What is Cheniere Energy Partners's gross margin?
Cheniere Energy Partners's gross margin was 34.3% in fiscal 2025: for every $100 of revenue, Cheniere Energy Partners kept $34 after the direct cost of its products and services.
How fast is Cheniere Energy Partners growing?
Revenue grew 11.8% a year on average over the last five fiscal years, from $6.2 billion to $10.8 billion.
What are Cheniere Energy Partners's earnings per share?
Cheniere Energy Partners earned $4.49 per diluted share in fiscal 2025, compared with $4.46 a year earlier.
When will Cheniere Energy Partners report its next earnings?
Cheniere Energy Partners is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Cheniere Energy Partners's fiscal year end?
Cheniere Energy Partners's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.