Cheniere Energy (CQP) Financials

CQP

Trailing 12 months to June 30, 2026

Revenue $11.5B +15.4% YoY

Net Income $3.1B +28.1% YoY

Free Cash Flow $2.8B +8.2% YoY

Operating Cash Flow $3.2B +13.0% YoY

Market Cap $34.5B as of Sep 2, 2026

Price / Sales 3.0x on $11.5B revenue, trailing 12 months to June 30, 2026

Price / Earnings 11.0x on $3.1B net income, trailing 12 months to June 30, 2026

Price / Book 45.7x on $754.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CQP SEC filings page.

Cheniere Energy (CQP) reported $11.5B in revenue over the twelve months to Jun 30, 2026, up 15.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CQP FY2025 2026-08-29

Cheniere Energy Partners operates as an asset-heavy cash generator, with debt reduction and tight short-term liquidity shaping durable profitability.

From FY2024 to FY2025, revenue increased 23.6% while free cash flow declined 8.7%, indicating that the rebound did not translate proportionally into cash generation. Gross margin compression from 58.9% to 52.2% reinforces that the business produced less cash per revenue dollar even as reported profit increased.

Long-term debt fell from $17.2B in FY2021 to $14.2B in FY2025, showing balance-sheet deleveraging despite the asset-heavy model. Equity moved from -$509M to $414M over FY2024-FY2025, restoring positive book capitalization but not erasing leverage.

Capital spending was $199M in FY2025 versus operating cash flow of $2.8B, so annual reinvestment consumed a relatively small portion of internally generated cash. However, the current ratio was only 0.8x, meaning cash generation coexists with a tight short-term working-capital posture.

Financial Health Signals

Financial Health Score 63/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cheniere Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cheniere Energy has an operating margin of 34.4%, meaning the company retains $34 of operating profit per $100 of revenue. This strong profitability earns a score of 85/100, reflecting efficient cost management and pricing power. This is down from 37.7% the prior year.

Growth

Cheniere Energy's revenue surged 23.6% year-over-year to $10.8B, reflecting rapid business expansion. This strong growth earns a score of 60/100.

Leverage

Cheniere Energy has elevated debt relative to equity (D/E of 34.21), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity

Cheniere Energy's current ratio of 0.78 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Cheniere Energy converts 23.9% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 92/100.

Returns

Cheniere Energy earns a strong 721.5% return on equity (ROE), meaning it generates $722 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 95/100.

Piotroski F-Score Neutral

6/9

Cheniere Energy passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

0.93x

For every $1 of reported earnings, Cheniere Energy generates $0.93 in operating cash flow ($2.8B OCF vs $3.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Adequate

4.92x

Cheniere Energy earns $4.92 in operating income for every $1 of interest expense ($3.7B vs $753.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.6B

YoY+5.2%

QoQ-28.2%

5Y CAGR+6.5%

10Y CAGR+32.8%

Cheniere Energy generated $2.6B in revenue in Q2 2026. This represents an increase of 5.2% from the same quarter a year earlier. Against the prior quarter it is down 28.2%.

EBITDA

$1.5B

YoY+70.9%

QoQ+183.0%

5Y CAGR+15.3%

10Y CAGR+43.1%

Cheniere Energy's EBITDA was $1.5B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.9% from the same quarter a year earlier. Against the prior quarter it is up 183.0%.

Net Income

$1.2B

YoY+109.9%

QoQ+524.2%

5Y CAGR+24.1%

Cheniere Energy reported $1.2B in net income in Q2 2026. This represents an increase of 109.9% from the same quarter a year earlier. Against the prior quarter it is up 524.2%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$433.0M

YoY-11.6%

QoQ-50.7%

5Y CAGR+6.4%

Cheniere Energy generated $433.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 11.6% from the same quarter a year earlier. Against the prior quarter it is down 50.7%.

Cash & Debt

$443.0M

YoY+310.2%

QoQ+58.8%

5Y CAGR-18.6%

10Y CAGR+43.1%

Cheniere Energy held $443.0M in cash against $14.3B in long-term debt as of Q2 2026.

Shares Outstanding

484M

YoY0.0%

QoQ0.0%

5Y CAGR0.0%

Cheniere Energy had 484M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

70.4%

YoY+19.1pp

QoQ+47.1pp

5Y CAGR+17.4pp

Cheniere Energy's gross margin was 70.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 19.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 47.1 percentage points.

Operating Margin

51.9%

YoY+22.8pp

QoQ+41.9pp

5Y CAGR+19.9pp

10Y CAGR+43.3pp

Cheniere Energy's operating margin was 51.9% in Q2 2026, reflecting core business profitability. This is up 22.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 41.9 percentage points.

Net Margin

45.0%

YoY+22.4pp

QoQ+39.8pp

5Y CAGR+24.0pp

10Y CAGR+111.2pp

Cheniere Energy's net profit margin was 45.0% in Q2 2026, showing the share of revenue converted to profit. This is up 22.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 39.8 percentage points.

Return on Equity

154.0%

QoQ-84.5pp

Cheniere Energy's ROE was 154.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 84.5 percentage points.

Capital Allocation

Capital Expenditures

$266.0M

YoY+291.2%

QoQ+758.1%

5Y CAGR+9.4%

10Y CAGR-6.3%

Cheniere Energy invested $266.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 291.2% from the same quarter a year earlier. Against the prior quarter it is up 758.1%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

CQP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CQP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$11.5B	$10.8B+23.6%	$8.7B-9.9%	$9.7B-43.8%	$17.2B+82.4%	$9.4B+53.0%	$6.2B-9.8%	$6.8B+6.4%	$6.4B+49.3%	$4.3B+291.3%	$1.1B+307.4%	$270.0M+0.5%	$268.7M+0.2%	$268.2M+1.4%	$264.5M-6.8%	$283.9M
Cost of Revenue	$5.8B	$5.1B+44.0%	$3.6B+30.3%	$2.7B-77.3%	$12.1B+124.4%	$5.4B+115.2%	$2.5B-25.8%	$3.4B-0.9%	$3.4B+46.7%	$2.3B+465.9%	$410.0M+1422.6%	-$31.0M-8964.3%	-$342K	N/A	N/A	N/A
Gross Profit	$5.7B	$5.6B+9.4%	$5.1B-25.9%	$6.9B+35.5%	$5.1B+26.3%	$4.0B+10.4%	$3.7B+5.7%	$3.5B+14.6%	$3.0B+52.4%	$2.0B+187.5%	$690.0M	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$1.0M	$0	$0-100.0%	$2.0M-33.3%	$3.0M	$0-100.0%	$3.0M-67.8%	$9.3M-17.7%	$11.3M-69.9%	$37.6M+15.8%	$32.4M
SG&A Expenses	$105.0M	$105.0M+5.0%	$100.0M+1.0%	$99.0M+2.1%	$97.0M+3.2%	$94.0M+571.4%	$14.0M+27.3%	$11.0M0.0%	$11.0M-8.3%	$12.0M-7.7%	$13.0M-13.3%	$15.0M+8.6%	$13.8M+19.3%	$11.6M-6.1%	$12.3M+58.8%	$7.8M
Operating Income	$3.9B	$3.7B+13.0%	$3.3B-34.9%	$5.0B+49.0%	$3.4B+32.2%	$2.6B+20.3%	$2.1B+4.2%	$2.0B+3.1%	$2.0B+71.2%	$1.2B+362.4%	$250.0M+8233.3%	$3.0M+482.5%	$515K+101.6%	-$32.0M-183.7%	$38.2M-68.7%	$122.1M
EBITDA	N/A	$4.4B+11.0%	$4.0B-30.6%	$5.7B+42.2%	$4.0B+28.9%	$3.1B+16.4%	$2.7B+4.2%	$2.6B+6.8%	$2.4B+60.7%	$1.5B+268.2%	$406.0M+488.4%	$69.0M+16.7%	$59.1M+132.2%	$25.5M-73.5%	$96.0M-46.6%	$180.0M
Interest Expense	$739.0M	$753.0M-5.9%	$800.0M-2.8%	$823.0M-5.4%	$870.0M+4.7%	$831.0M-8.6%	$909.0M+2.7%	$885.0M+20.7%	$733.0M+19.4%	$614.0M+72.0%	$357.0M+93.0%	$185.0M+4.5%	$177.0M-0.8%	$178.4M+3.9%	$171.6M-1.1%	$173.6M
Income Tax	N/A	$0	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$3.1B	$3.0B+19.0%	$2.5B-41.0%	$4.3B+70.3%	$2.5B+53.3%	$1.6B+37.8%	$1.2B+0.7%	$1.2B-7.8%	$1.3B+160.0%	$490.0M+386.5%	-$171.0M+46.4%	-$319.0M+22.2%	-$410.0M-58.9%	-$258.1M-47.1%	-$175.4M-227.5%	-$53.6M
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.23

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$2.6B+5.2%	$3.6B+20.4%	$2.9B+18.3%	$2.4B+17.0%	$2.5B+29.6%	$3.0B+30.2%	$2.5B-8.4%	$2.1B-3.4%
Cost of Revenue	$765.0M-36.0%	$2.8B+62.2%	$968.0M-17.4%	$1.3B+65.3%	$1.2B+80.9%	$1.7B+75.9%	$1.2B+4.2%	$773.0M+13.0%
Gross Profit	$1.8B+44.4%	$838.0M-34.8%	$1.9B+50.8%	$1.1B-12.2%	$1.3B+2.1%	$1.3B-3.1%	$1.3B-17.5%	$1.3B-11.2%
SG&A Expenses	$26.0M0.0%	$27.0M0.0%	$26.0M+8.3%	$26.0M+4.0%	$26.0M0.0%	$27.0M+8.0%	$24.0M-4.0%	$25.0M+13.6%
Operating Income	$1.3B+87.4%	$361.0M-56.3%	$1.5B+80.9%	$696.0M-15.8%	$715.0M-6.7%	$826.0M-5.6%	$812.0M-26.2%	$827.0M-16.3%
EBITDA	$1.5B+70.9%	$535.0M-46.3%	$1.6B+67.0%	$869.0M-12.9%	$886.0M-5.3%	$997.0M-4.4%	$983.0M-22.8%	$998.0M-13.5%
Interest Expense	$183.0M-2.7%	$181.0M-4.7%	$186.0M-5.6%	$189.0M-5.0%	$188.0M-6.9%	$190.0M-5.9%	$197.0M-3.0%	$199.0M-2.9%
Net Income	$1.2B+109.9%	$186.0M-71.0%	$1.3B+106.6%	$506.0M-20.3%	$553.0M-3.0%	$641.0M-6.0%	$623.0M-31.2%	$635.0M-19.7%

Not reported in any period shown, so not listed: R&D Expenses, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

CQP Balance Sheet

CQP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$17.4B-0.1%	$17.5B-3.6%	$18.1B-7.8%	$19.6B+1.4%	$19.4B+1.1%	$19.1B-1.2%	$19.4B+7.8%	$18.0B+2.4%	$17.6B+12.9%	$15.5B+21.1%	$12.8B+23.5%	$10.4B+22.0%	$8.5B+99.7%	$4.3B+145.5%	$1.7B
Current Assets	$1.3B+1.0%	$1.3B-16.2%	$1.6B-39.7%	$2.6B+18.4%	$2.2B+3.6%	$2.1B-21.1%	$2.7B+14.9%	$2.4B+10.1%	$2.1B+123.3%	$958.0M+94.1%	$493.5M+1.4%	$486.5M-20.6%	$613.1M+15.0%	$533.1M+386.8%	$109.5M
Cash & Equivalents	$182.0M-32.6%	$270.0M-53.0%	$575.0M-36.4%	$904.0M+3.2%	$876.0M-27.6%	$1.2B-32.1%	$1.8B	$0	$0	$0-100.0%	$146.2M-41.2%	$248.8M-29.1%	$351.0M-16.3%	$419.3M+415.0%	$81.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$180.0M+19.2%	$151.0M+6.3%	$142.0M-11.3%	$160.0M-9.1%	$176.0M+64.5%	$107.0M-7.8%	$116.0M+17.2%	$99.0M+4.2%	$95.0M-2.1%	$97.0M+482.0%	$16.7M+114.1%	$7.8M-25.3%	$10.4M+297.3%	$2.6M+455.0%	$473K
Accounts Receivable	$0-100.0%	$1.0M	$0-100.0%	$551.0M+0.9%	$546.0M+82.0%	$300.0M+6.0%	$283.0M	N/A	N/A	N/A	$742K+122.8%	$333K+732.5%	$40K-9.1%	$44K-91.6%	$525K
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$17.0B-5.2%	$18.0B-4.9%	$18.9B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$1.7B-0.2%	$1.7B+9.3%	$1.6B-35.3%	$2.4B+80.0%	$1.3B+52.3%	$883.0M-8.6%	$966.0M-9.6%	$1.1B+28.8%	$829.0M-3.2%	$856.0M-58.5%	$2.1B+860.6%	$214.8M-19.2%	$265.9M+70.6%	$155.8M+200.7%	$51.8M
Non-Current Liabilities	$15.3B-5.8%	$16.3B-6.2%	$17.3B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$14.2B-4.1%	$14.8B-5.4%	$15.6B-3.7%	$16.2B-5.7%	$17.2B-2.3%	$17.6B0.0%	$17.6B+9.4%	$16.1B+0.1%	$16.0B+12.9%	$14.2B+41.8%	$10.0B+11.4%	$9.0B+36.7%	$6.6B+203.5%	$2.2B-1.2%	$2.2B
Total Equity	$414.0M+181.3%	-$509.0M+35.1%	-$784.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$17.7B+4.4%	$17.1B+0.1%	$17.4B-0.1%	$16.8B-3.2%	$16.9B-3.3%	$17.1B-2.3%	$17.5B-3.6%	$17.4B-3.8%
Current Assets	$1.5B+49.5%	$1.3B+7.8%	$1.3B+1.0%	$1.1B-5.6%	$1.0B-17.2%	$1.2B+5.2%	$1.3B-16.2%	$1.2B-12.4%
Cash & Equivalents	$443.0M+310.2%	$279.0M+196.8%	$182.0M-32.6%	$121.0M-63.4%	$108.0M-69.2%	$94.0M-71.8%	$270.0M-53.0%	$331.0M-33.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$165.0M+7.8%	$151.0M-7.9%	$180.0M+19.2%	$147.0M+8.9%	$153.0M+6.3%	$164.0M+22.4%	$151.0M+6.3%	$135.0M+3.1%
Accounts Receivable	N/A	N/A	$0-100.0%	N/A	$0-100.0%	$0-100.0%	$1.0M	$0-100.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$16.9B-2.0%	$17.0B-2.6%	$17.0B-5.2%	$17.2B-4.6%	$17.3B-5.5%	$17.5B	$18.0B-4.9%	$18.0B
Current Liabilities	$1.2B-25.0%	$3.0B+127.2%	$1.7B-0.2%	$1.7B-1.9%	$1.7B-12.2%	$1.3B-55.5%	$1.7B+9.3%	$1.7B+11.6%
Non-Current Liabilities	$15.7B+0.4%	$14.0B-13.1%	$15.3B-5.8%	$15.5B-4.9%	$15.6B-4.7%	$16.2B	$16.3B-6.2%	$16.3B
Long-Term Debt	$14.3B+0.9%	$12.6B-14.3%	$14.2B-4.1%	$14.2B-4.1%	$14.2B-4.0%	$14.7B+8.1%	$14.8B-5.4%	$14.8B-5.4%
Total Equity	$754.0M+321.8%	$78.0M+120.5%	$414.0M+181.3%	-$348.0M+44.4%	-$340.0M+55.0%	-$380.0M	-$509.0M+35.1%	-$626.0M

Not reported in any period shown, so not listed: Goodwill, Retained Earnings.

CQP Cash Flow Statement

CQP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.2B	$2.8B-6.7%	$3.0B-4.5%	$3.1B-25.1%	$4.1B+81.1%	$2.3B+30.8%	$1.8B+13.2%	$1.5B-17.4%	$1.9B+91.8%	$977.0M	$0+100.0%	-$171.0M-24.8%	-$137.0M-484.3%	$35.7M+194.5%	-$37.7M-651.8%	$6.8M
Depreciation & Amortization	N/A	$688.0M+1.2%	$680.0M+1.2%	$672.0M+6.0%	$634.0M+13.8%	$557.0M+1.1%	$551.0M+4.6%	$527.0M+24.3%	$424.0M+25.1%	$339.0M+117.3%	$156.0M+136.4%	$66.0M+12.6%	$58.6M+1.9%	$57.5M-0.5%	$57.8M-0.2%	$57.9M
Capital Expenditures	$368.0M	$199.0M+29.2%	$154.0M-30.0%	$220.0M-51.2%	$451.0M-30.4%	$648.0M-33.3%	$972.0M-27.0%	$1.3B+65.5%	$804.0M-37.7%	$1.3B-44.3%	$2.3B-20.5%	$2.9B+10.1%	$2.6B-15.2%	$3.1B+178.9%	$1.1B+15031.0%	$7.4M
Free Cash Flow	$2.8B	$2.6B-8.7%	$2.8B-2.6%	$2.9B-21.9%	$3.7B+125.1%	$1.6B+110.9%	$779.0M+260.6%	$216.0M-79.8%	$1.1B+441.9%	-$313.0M+86.5%	-$2.3B+24.9%	-$3.1B-10.8%	-$2.8B+9.8%	-$3.1B-166.7%	-$1.2B-208659.6%	-$554K
Investing Cash Flow	-$372.0M	-$204.0M-25.9%	-$162.0M+28.6%	-$227.0M+49.7%	-$451.0M+30.4%	-$648.0M+33.3%	-$972.0M+27.0%	-$1.3B-65.7%	-$804.0M+37.7%	-$1.3B+45.2%	-$2.4B+20.9%	-$3.0B-10.8%	-$2.7B-716.4%	-$328.8M-6771.5%	-$4.8M+43.4%	-$8.4M
Financing Cash Flow	-$2.5B	-$2.7B+10.3%	-$3.1B+5.8%	-$3.2B+11.7%	-$3.7B-86.0%	-$2.0B-37.8%	-$1.4B-796.1%	$206.0M+118.4%	-$1.1B-186.2%	$1.3B-48.6%	$2.5B-2.6%	$2.6B+17.4%	$2.2B+881.3%	$224.9M-40.9%	$380.4M+1181.9%	$29.7M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$699.0M+25.3%	$910.0M+36.8%	$887.0M+1.3%	$658.0M-4.8%	$558.0M-23.8%	$665.0M-0.6%	$876.0M-4.4%	$691.0M+5.5%
Depreciation & Amortization	$174.0M+1.8%	$174.0M+1.8%	$173.0M+1.2%	$173.0M+1.2%	$171.0M+0.6%	$171.0M+1.8%	$171.0M-0.6%	$171.0M+3.0%
Capital Expenditures	$266.0M+291.2%	$31.0M-48.3%	$23.0M-53.1%	$48.0M+23.1%	$68.0M+126.7%	$60.0M+66.7%	$49.0M-2.0%	$39.0M+85.7%
Free Cash Flow	$433.0M-11.6%	$879.0M+45.3%	$864.0M+4.5%	$610.0M-6.4%	$490.0M-30.2%	$605.0M-4.4%	$827.0M-4.5%	$652.0M+2.8%
Investing Cash Flow	-$266.0M-280.0%	-$33.0M+45.9%	-$24.0M+52.0%	-$49.0M-14.0%	-$70.0M-118.8%	-$61.0M-64.9%	-$50.0M+2.0%	-$43.0M-104.8%
Financing Cash Flow	-$268.0M+47.9%	-$777.0M+4.4%	-$826.0M+3.7%	-$589.0M+10.2%	-$514.0M+23.6%	-$813.0M+6.7%	-$858.0M-11.7%	-$656.0M+69.8%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

CQP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CQP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	52.2%-6.8pp	58.9%-12.7pp	71.6%+41.9pp	29.7%-13.2pp	42.9%-16.5pp	59.4%+8.7pp	50.7%+3.6pp	47.0%+0.9pp	46.1%-16.6pp	62.7%	N/A	N/A	N/A	N/A	N/A
Operating Margin	34.4%-3.2pp	37.7%-14.4pp	52.1%+32.5pp	19.6%-7.5pp	27.1%-7.4pp	34.5%+4.6pp	29.8%-1.0pp	30.8%+3.9pp	26.9%+4.1pp	22.7%+21.6pp	1.1%+0.9pp	0.2%+12.1pp	-11.9%-26.4pp	14.5%-28.5pp	43.0%
Net Margin	27.8%-1.1pp	28.8%-15.2pp	44.0%+29.5pp	14.5%-2.8pp	17.3%-1.9pp	19.2%+2.0pp	17.2%-2.6pp	19.8%+8.5pp	11.4%+26.9pp	-15.6%	-118.2%	-152.6%	-96.2%-29.9pp	-66.3%-47.5pp	-18.9%
Return on Equity	721.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	17.1%+2.7pp	14.4%-9.1pp	23.5%+10.8pp	12.7%+4.3pp	8.4%+2.2pp	6.2%+0.1pp	6.1%-1.0pp	7.1%+4.3pp	2.8%+3.9pp	-1.1%+1.4pp	-2.5%+1.5pp	-4.0%-0.9pp	-3.0%+1.1pp	-4.1%-1.0pp	-3.1%
Current Ratio	0.780.0x	0.77-0.2x	1.01-0.1x	1.08-0.6x	1.64-0.8x	2.42-0.4x	2.80+0.6x	2.21-0.4x	2.58+1.5x	1.12+0.9x	0.24-2.0x	2.270.0x	2.31-1.1x	3.42+1.3x	2.11
Debt-to-Equity	34.21	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.62+0.1x	0.500.0x	0.53-0.3x	0.88+0.4x	0.49+0.2x	0.320.0x	0.350.0x	0.36+0.1x	0.25+0.2x	0.070.0x	0.020.0x	0.030.0x	0.030.0x	0.06-0.1x	0.16
FCF Margin	23.9%-8.4pp	32.3%+2.4pp	29.9%+8.4pp	21.5%+4.1pp	17.4%+4.8pp	12.6%+9.5pp	3.2%-13.5pp	16.7%+23.9pp	-7.3%	-210.4%	-1142.2%	-1035.6%	-1150.3%	-437.2%	-0.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	70.4%+19.1pp	23.3%-19.7pp	66.7%+14.4pp	46.8%-15.5pp	51.3%-13.8pp	43.0%-14.8pp	52.4%-5.8pp	62.4%-5.5pp
Operating Margin	51.9%+22.8pp	10.0%-17.6pp	50.5%+17.5pp	28.9%-11.3pp	29.1%-11.3pp	27.6%-10.5pp	33.0%-8.0pp	40.2%-6.2pp
Net Margin	45.0%+22.4pp	5.2%-16.3pp	44.2%+18.9pp	21.1%-9.8pp	22.5%-7.6pp	21.4%-8.3pp	25.3%-8.4pp	30.9%-6.3pp
Return on Equity	154.0%	238.5%	310.9%	N/A	N/A	N/A	N/A	N/A
Return on Assets	6.6%+3.3pp	1.1%-2.7pp	7.4%+3.8pp	3.0%-0.6pp	3.3%0.0pp	3.8%-0.2pp	3.6%-1.4pp	3.6%-0.7pp
Current Ratio	1.22+0.6x	0.42-0.5x	0.780.0x	0.660.0x	0.610.0x	0.88+0.5x	0.77-0.2x	0.69-0.2x
Debt-to-Equity	19.01	161.69	34.21	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.150.0x	0.210.0x	0.170.0x	0.140.0x	0.140.0x	0.170.0x	0.140.0x	0.120.0x
FCF Margin	16.8%-3.2pp	24.4%+4.2pp	29.7%-3.9pp	25.4%-6.4pp	20.0%-17.1pp	20.2%-7.3pp	33.6%+1.4pp	31.7%+1.9pp

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cheniere Energy CQP	FY2025	$10.8B	$3.0B	27.8%	$34.5B	63/100
Targa Res Corp TRGP	FY2025	$17.0B	$1.9B	11.3%	$63.5B	45/100
Venture Global, Inc. VG	FY2025	$13.8B	$2.7B	19.9%	$37.8B	47/100
Western Midstream Partners Lp WES	FY2025	$3.8B	$1.2B	30.7%	$20.2B	54/100
Cheniere Energy LNG	FY2025	$20.0B	$6.8B	34.0%	$60.7B	57/100

Where Cheniere Energy Ranks

Frequently Asked Questions

What is Cheniere Energy's annual revenue?

Cheniere Energy (CQP) reported $10.8B in total revenue for fiscal year 2025. This represents a 23.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cheniere Energy's revenue growing?

Cheniere Energy (CQP) revenue grew by 23.6% year-over-year, from $8.7B to $10.8B in fiscal year 2025.

Is Cheniere Energy profitable?

Yes, Cheniere Energy (CQP) reported a net income of $3.0B in fiscal year 2025, with a net profit margin of 27.8%.

What is Cheniere Energy's EBITDA?

Cheniere Energy (CQP) had EBITDA of $4.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cheniere Energy have?

As of fiscal year 2025, Cheniere Energy (CQP) had $182.0M in cash and equivalents against $14.2B in long-term debt.

What is Cheniere Energy's gross margin?

Cheniere Energy (CQP) had a gross margin of 52.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cheniere Energy's operating margin?

Cheniere Energy (CQP) had an operating margin of 34.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cheniere Energy's net profit margin?

Cheniere Energy (CQP) had a net profit margin of 27.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Cheniere Energy's return on equity (ROE)?

Cheniere Energy (CQP) has a return on equity of 721.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cheniere Energy's free cash flow?

Cheniere Energy (CQP) generated $2.6B in free cash flow during fiscal year 2025. This represents a -8.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cheniere Energy's operating cash flow?

Cheniere Energy (CQP) generated $2.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cheniere Energy's total assets?

Cheniere Energy (CQP) had $17.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cheniere Energy's capital expenditures?

Cheniere Energy (CQP) invested $199.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Cheniere Energy have outstanding?

Cheniere Energy (CQP) had 484M shares outstanding as of fiscal year 2025.

What is Cheniere Energy's current ratio?

Cheniere Energy (CQP) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Cheniere Energy's debt-to-equity ratio?

Cheniere Energy (CQP) had a debt-to-equity ratio of 34.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cheniere Energy's return on assets (ROA)?

Cheniere Energy (CQP) had a return on assets of 17.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cheniere Energy's P/E ratio?

Cheniere Energy (CQP) trades at 11.0x earnings, its market capitalization divided by net income of $3.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $34.5B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cheniere Energy's price-to-sales ratio?

Cheniere Energy (CQP) trades at 3.0x sales, its market capitalization divided by revenue of $11.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $34.5B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cheniere Energy's Piotroski F-Score?

Cheniere Energy (CQP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cheniere Energy's earnings high quality?

Cheniere Energy (CQP) has an earnings quality ratio of 0.93x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cheniere Energy cover its interest payments?

Cheniere Energy (CQP) has an interest coverage ratio of 4.92x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cheniere Energy?

Cheniere Energy (CQP) scores 63 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.