Cheniere Energy Partners, L.P. (CQP) Key Metrics
CQP valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $30.77B
- Enterprise value
- $45.12B
- P/E (TTM)
- 12.0 10-yr median 11.9
- Forward P/E
- 16.3
- PEG ratio
- 5.05
- Price / sales
- 2.7 10-yr median 2.6
- Price / book
- 41.3 10-yr median 21.8
- EV / EBITDA
- 9.9 10-yr median 11.9
- Dividend yield
- 5.14% $3.27 a year
- Beta
- 0.33
CQP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCQP valuation Price multiples at each fiscal year-end price.
CQP returns How much profit the business earns on the capital it uses.
CQP per-share figures Results divided by the shares outstanding at year-end.
CQP financial health Debt, liquidity and how easily interest is covered.
CQP efficiency & capital use Working capital cycle and where the cash goes.
CQP valuation history
CQP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CQP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CQP cash returned to shareholders
CQP price vs earnings per share
CQP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $25.88B | $25.71B | $24.10B | $27.53B | $20.44B | $14.08B | $19.27B | $17.47B | $14.35B | $9.74B |
| Enterprise value | $40.37B | $40.60B | $39.51B | $42.93B | $36.74B | $30.54B | $35.16B | $32.64B | $28.80B | $23.56B |
| P/E ratio | 8.7 | 10.2 | 5.7 | 11.0 | 12.5 | 11.9 | 16.4 | 13.7 | 29.3 | — |
| Price / sales | 2.4 | 3.0 | 2.5 | 1.6 | 2.2 | 2.3 | 2.8 | 2.7 | 3.3 | 8.8 |
| Price / book | 8.2 | 14.1 | 23.2 | — | 20.0 | 19.7 | 24.2 | 21.8 | 22.9 | 22.5 |
| Price / free cash flow | 10.1 | 9.1 | 8.3 | 7.4 | 12.4 | 18.1 | 89.2 | 16.3 | — | — |
| Price / operating cash flow | 9.4 | 8.7 | 7.8 | 6.6 | 8.9 | 8.0 | 12.5 | 9.3 | 14.7 | — |
| EV / sales | 3.8 | 4.7 | 4.1 | 2.5 | 3.9 | 5.0 | 5.1 | 5.1 | 6.7 | 21.4 |
| EV / EBITDA | 9.1 | 10.2 | 6.9 | 10.7 | 12.2 | 11.6 | 13.6 | 13.4 | 20.0 | 68.9 |
| EV / free cash flow | 15.7 | 14.4 | 13.7 | 11.6 | 22.4 | 39.2 | 162.8 | 30.5 | — | — |
| Earnings yield | 11.5% | 9.8% | 17.7% | 9.1% | 8.0% | 8.4% | 6.1% | 7.3% | 3.4% | −1.8% |
| Free cash flow yield | 9.9% | 10.9% | 12.0% | 13.4% | 8.0% | 5.5% | 1.1% | 6.1% | −2.2% | −23.8% |
| Dividend yield | 8.0% | 8.7% | 12.1% | 9.6% | 7.1% | 9.7% | 6.5% | 6.4% | 2.0% | 1.0% |
| Shareholder yield (dividends + buybacks) | 8.0% | 8.7% | 12.1% | 9.6% | 7.1% | 9.7% | 6.5% | 6.4% | 2.0% | 1.0% |
| Share price at fiscal year-end | $53.48 | $53.12 | $49.79 | $56.87 | $42.24 | $35.25 | $39.81 | $36.10 | $29.64 | $28.82 |
| Per share | ||||||||||
| Revenue per share | $22.23 | $17.98 | $19.97 | $35.55 | $19.49 | $15.44 | $14.13 | $13.28 | $8.89 | $3.26 |
| Earnings per share | $6.17 | $5.19 | $8.79 | $5.16 | $3.37 | $2.96 | $2.43 | $2.63 | $1.01 | −$0.51 |
| Operating cash flow per share | $5.72 | $6.13 | $6.42 | $8.57 | $4.73 | $4.39 | $3.20 | $3.87 | $2.02 | −$0.00 |
| Free cash flow per share | $5.31 | $5.81 | $5.97 | $7.64 | $3.39 | $1.95 | $0.45 | $2.21 | −$0.65 | −$6.85 |
| Cash per share | $0.42 | $0.78 | $1.19 | $1.87 | $2.01 | $3.03 | $3.68 | $3.65 | $3.28 | $1.79 |
| Book value per share | $6.52 | $3.76 | $2.14 | −$2.31 | $2.12 | $1.79 | $1.64 | $1.65 | $1.30 | $1.28 |
| Tangible book value per share | $6.52 | $3.76 | $2.11 | −$2.33 | $2.12 | $1.76 | $1.62 | $1.57 | $1.20 | $1.12 |
| Dividends per share | $4.26 | $4.62 | $6.01 | $5.44 | $3.00 | $3.40 | $2.60 | $2.30 | $0.61 | $0.29 |
| Capex per share | $0.41 | $0.32 | $0.45 | $0.93 | $1.34 | $2.43 | $2.75 | $1.66 | $2.67 | $6.85 |
| Debt per share | $30.34 | $31.54 | $33.04 | $33.69 | $35.69 | $44.27 | $36.51 | $34.99 | $33.15 | $42.73 |
| Shares outstanding | 484.0M | 484.0M | 484.0M | 484.0M | 484.0M | 399.3M | 484.0M | 484.0M | 484.0M | 337.8M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | 0.0% | +21.2% | −17.5% | 0.0% | 0.0% | +43.3% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 120.0% | 175.6% | — | — | 187.6% | 156.7% | 147.2% | 178.6% | 92.5% | −30.3% |
| Return on invested capital (ROIC) | 16.5% | 15.6% | 26.4% | 13.8% | 7.4% | 8.6% | 8.3% | 12.5% | 3.9% | 1.5% |
| Return on assets (ROA) | 17.1% | 14.1% | 22.5% | 12.8% | 8.5% | 6.1% | 6.3% | 7.2% | 3.0% | −1.2% |
| Return on tangible assets | 17.1% | 14.4% | 23.5% | 12.7% | 8.4% | 6.2% | 6.1% | 7.1% | 2.8% | −1.1% |
| Free cash flow margin | 23.9% | 32.3% | 29.9% | 21.5% | 17.4% | 12.6% | 3.2% | 16.7% | −7.3% | −210.4% |
| Income quality (OCF / net income) | 0.93 | 1.18 | 0.73 | 1.66 | 1.41 | 1.48 | 1.32 | 1.47 | 1.99 | — |
| Financial health | ||||||||||
| Total debt | $14.69B | $15.27B | $15.99B | $16.31B | $17.27B | $17.68B | $17.67B | $16.94B | $16.05B | $14.43B |
| Cash & short-term investments | $201.0M | $379.0M | $575.0M | $904.0M | $974.0M | $1.21B | $1.78B | $1.77B | $1.59B | $604.9M |
| Net debt | $14.48B | $14.89B | $15.42B | $15.40B | $16.30B | $16.47B | $15.89B | $15.17B | $14.46B | $13.83B |
| Debt / equity | 4.65 | 8.38 | 15.41 | — | 16.87 | 24.76 | 22.20 | 21.17 | 25.59 | 33.41 |
| Debt / assets | 0.84 | 0.87 | 0.88 | 0.83 | 0.89 | 0.92 | 0.91 | 0.94 | 0.91 | 0.93 |
| Net debt / EBITDA | 3.27 | 3.73 | 2.68 | 3.85 | 5.40 | 6.23 | 6.14 | 6.24 | 10.02 | 40.43 |
| Current ratio | 0.78 | 0.77 | 1.01 | 1.08 | 1.64 | 2.42 | 2.80 | 2.21 | 2.58 | 1.12 |
| Quick ratio | 0.68 | 0.69 | 0.92 | 1.02 | 1.51 | 2.30 | 2.68 | 2.11 | 2.47 | 1.01 |
| Interest coverage | 4.8 | 4.1 | 6.1 | 3.9 | 3.1 | 2.3 | 2.3 | 2.7 | 1.9 | 0.7 |
| Working capital | −$370.0M | −$387.0M | $15.0M | $199.0M | $867.0M | $1.25B | $1.74B | $1.29B | $1.31B | $102.5M |
| Invested capital | $17.64B | $16.71B | $16.45B | $14.28B | $17.32B | $17.18B | $16.69B | $15.97B | $15.08B | $14.26B |
| Tangible asset value | $414.0M | −$509.0M | −$800.0M | −$2.14B | $718.0M | $527.0M | $703.0M | $760.0M | $591.0M | $388.2M |
| Net current asset value | −$15.69B | −$16.64B | −$17.30B | −$19.14B | −$16.43B | −$16.47B | −$15.96B | −$14.82B | −$14.78B | −$14.14B |
| Graham number | $30.09 | $20.95 | $20.59 | — | $12.66 | $10.92 | $9.48 | $9.89 | $5.43 | — |
| Graham net-net per share | −$33.18 | −$35.17 | −$36.68 | −$41.11 | −$34.84 | −$42.49 | −$34.15 | −$31.01 | −$31.02 | −$42.34 |
| Capital allocation | ||||||||||
| Dividends paid | $2.06B | $2.23B | $2.91B | $2.63B | $1.45B | $1.36B | $1.26B | $1.11B | $294.0M | $99.0M |
| Share buybacks (net) | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Dividend payout ratio | 69.1% | 89.0% | 68.3% | 105.5% | 89.0% | 114.9% | 107.2% | 87.4% | 60.0% | — |
| Dividends + buybacks / free cash flow | 80.3% | 79.4% | 100.6% | 71.3% | 88.3% | 174.5% | 583.3% | 104.0% | — | — |
| Capex / revenue | 1.8% | 1.8% | 2.3% | 2.6% | 6.9% | 15.8% | 19.5% | 12.5% | 30.0% | 210.4% |
| Capex / operating cash flow | 7.2% | 5.2% | 7.1% | 10.9% | 28.3% | 55.5% | 86.0% | 42.9% | 132.0% | — |
| Capex / depreciation | 0.29 | 0.23 | 0.33 | 0.71 | 1.16 | 1.76 | 2.53 | 1.90 | 3.81 | 14.88 |
| R&D / revenue | — | — | — | — | 0.0% | — | — | 0.0% | 0.1% | 0.0% |
| SG&A / revenue | 0.1% | 2.2% | 1.0% | 0.6% | 1.0% | 1.8% | 1.7% | 1.3% | 2.1% | 9.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.1 | 27.2 | 34.5 | 22.6 | 28.2 | 26.8 | 23.1 | 23.2 | 23.0 | 31.7 |
| Days of inventory on hand | 8.6 | 12.6 | 16.1 | 4.8 | 8.7 | 13.0 | 10.0 | 9.0 | 351.2 | 36.7 |
| Days payables outstanding | 3.0 | 5.6 | 5.4 | 0.8 | 1.0 | 3.0 | 2.6 | 1.3 | 71.5 | 14.0 |
| Cash conversion cycle (days) | 31.7 | 34.1 | 45.3 | 26.7 | 35.8 | 36.7 | 30.5 | 30.9 | 302.7 | 54.3 |
| Receivables turnover | 13.97 | 13.42 | 10.57 | 16.14 | 12.96 | 13.64 | 15.83 | 15.75 | 15.85 | 11.52 |
| Payables turnover | 122.83 | 64.95 | 67.62 | 480.53 | 360.48 | 120.50 | 142.11 | 291.04 | 5.11 | 26.07 |
| Inventory turnover | 42.68 | 29.04 | 22.62 | 75.80 | 42.04 | 28.10 | 36.35 | 40.51 | 1.04 | 9.96 |
| Asset turnover | 0.62 | 0.49 | 0.51 | 0.88 | 0.49 | 0.32 | 0.37 | 0.36 | 0.26 | 0.08 |
| Average receivables | $770.0M | $648.5M | $914.5M | $1.07B | $728.0M | $452.0M | $432.0M | $408.0M | $271.5M | $95.5M |
| Average payables | $57.5M | $65.5M | $50.5M | $26.5M | $16.5M | $26.0M | $27.5M | $13.5M | $19.6M | $21.8M |
| Average inventory | $165.5M | $146.5M | $151.0M | $168.0M | $141.5M | $111.5M | $107.5M | $97.0M | $96.2M | $57.0M |
| Intangibles / total assets | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.3% | 0.4% |
Computed from CQP's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CQP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cheniere Energy Partners traded at 8.7 times earnings, against a 10-year median of 11.9. Based on the latest twelve months, the trailing P/E is 12.0 and the forward P/E is 16.3. Cheniere Energy Partners earned a return on equity of 120.0% and a return on invested capital of 16.5% in fiscal 2025. It ended the year with $14.7 billion of debt and $201.0 million in cash and short-term investments, net debt of $14.5 billion. It returned $2.1 billion to shareholders: $2.1 billion in dividends and $0 in share buybacks, 80% of free cash flow. The share count rose 43.3% from 337.8M to 484.0M over 9 years.
See the CQP income statement, the CQP chart for price history, or the CQP stock overview for the latest quote and news.
CQP key metrics FAQ
What is Cheniere Energy Partners's P/E ratio?
Cheniere Energy Partners's trailing P/E ratio is 12.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 16.3. At the end of fiscal 2025 it was 8.7, compared with a 10-year median of 11.9.
What is Cheniere Energy Partners's EV/EBITDA?
Cheniere Energy Partners's enterprise value was 9.1 times EBITDA at the end of fiscal 2025 (enterprise value $40.4 billion, EBITDA $4.4 billion); the current EV/EBITDA is 9.9.
What is Cheniere Energy Partners's return on equity?
Cheniere Energy Partners's return on equity (ROE) was 120.0% in fiscal 2025: net income of $3.0 billion on average shareholders' equity of $2.5 billion.
What is Cheniere Energy Partners's ROIC?
Cheniere Energy Partners's return on invested capital was 16.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cheniere Energy Partners have?
Cheniere Energy Partners had total debt of $14.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 4.65 and $14.5 billion of net debt (3.27 times EBITDA).
What is Cheniere Energy Partners's dividend yield?
Cheniere Energy Partners's forward dividend yield is 5.14%. Cheniere Energy Partners paid $2.1 billion in dividends in fiscal 2025 ($4.26 per share), a payout ratio of 69.1%.
What is Cheniere Energy Partners's free cash flow yield?
Cheniere Energy Partners generated $2.6 billion of free cash flow in fiscal 2025, a free cash flow yield of 9.9% on its market value at year-end ($25.9 billion).
What is Cheniere Energy Partners's current ratio?
Cheniere Energy Partners's current ratio was 0.78 at the end of fiscal 2025: current assets were 0.78 times current liabilities.