| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 75 | 10.1x | 17.8x | Top tier | |
Growth | 50 | 15.4% | 7.1% | Around median | |
Quality | 63 | 21.9% | 4.5% | Around median | |
Safety | 50 | 3.1x | 2.6x | Around median | |
Capital Return | 79 | — | 2.12% | Top tier | |
Momentum | 81 | 19.9% | 2.9% | Top tier | |
Sentiment | 75 | 6 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
The investment case for Cheniere Energy Partners, L.P. centers on liquefied natural gas exports and generating cash flows from long-term, fixed-fee contracts with creditworthy counterparties. The partnership is linked to the Sabine Pass platform, while shipping and marketing flexibility and purchase and sales optimization allow it to benefit from gas market volatility on top of the contracted revenue base. In fiscal year 2026 Q1, management explained that the broader Cheniere portfolio includes more than 35 long-term counterparties and that the contracts provide cash flow visibility extending for decades.
In fiscal year 2026 Q2, CQP recorded revenue of $2.6 billion and net income of $1.2 billion, equivalent to a calculated net income margin of approximately 46%. Compared with fiscal year 2026 Q1, revenue declined by approximately 28% from $3.6 billion, while net income rose from $186 million to $1.2 billion, highlighting substantial period-to-period volatility. Revenue for the twelve months ended in fiscal year 2026 was approximately $11.5 billion, with net income of $3.1 billion, versus revenue of $10.8 billion and net income of $3.0 billion in fiscal year 2025.
The provided data does not include a numerical breakdown of revenue by segment, but the fiscal year 2026 Q1 call attributed the Cheniere platform's operating performance to higher liquefied gas volumes, the commissioning of additional trains, and upstream and downstream optimization. At the consolidated Cheniere level, adjusted earnings before interest, taxes, depreciation, and amortization exceeded $2.3 billion, and distributable cash flow was approximately $1.7 billion in fiscal year 2026 Q1, with a record 187 cargoes exported through the end of March 2026.
The analyst consensus is Sell, with an average target of $68.67 and a target range of $65 to $75. The average target is approximately 2.8% below the 52-week range high of $70.64, while the highest target exceeds that high by approximately 6.2%; this divergence reflects a balance between production growth and distribution stability versus execution risks and revenue and margin volatility.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
On May 7, 2026, management maintained fiscal year 2026 distribution guidance at a range of $3.10 to $3.40 per common unit. Cash flows are underpinned by long-term, fixed-fee liquefied gas contracts, with more than 35 creditworthy counterparties across the broader Cheniere platform. On August 6, 2026, Cheniere Partners reaffirmed its distribution guidance, leaving the annual framework unchanged in the provided data.
CQP recorded revenue of $2.6 billion and net income of $1.2 billion in fiscal year 2026 Q2. This is equivalent to a calculated net income margin of approximately 46%, with no gross profit figure available in the provided statements. Compared with fiscal year 2026 Q1, revenue was lower than $3.6 billion, but net income was substantially above the $186 million recorded in that quarter.
Management said on May 7, 2026 that CQP is retaining a portion of cash to fund potential limited notices to proceed related to Sabine Pass Train 7 during fiscal year 2026. Cheniere was working with Bechtel on the engineering, procurement, and construction contract, targeting a final investment decision in fiscal year 2027 according to the call. Management also noted approximately 10 million tonnes of sale and purchase agreements not yet used to support a final investment decision project, an amount it described as more than sufficient to cover Train 7 and debottlenecking work.
Automated analysis for informational purposes only — not investment advice.
On May 7, 2026, Cheniere raised the midpoint of its consolidated adjusted earnings guidance by $500 million and the midpoint of its distributable cash flow guidance by $400 million. The reasons included an approximately 1 million-tonne increase in production guidance to 52–54 million tonnes, improved marketing margins, and contributions from locked-in optimization. Management estimated that the production increase at margins of $9 to $10 added approximately $400 million to the guidance base case.
Results are linked to the timing of Train 6 and Train 7 commissioning, production volumes, cargo timing, Henry Hub volatility, and marketing margins. On May 7, 2026, management estimated that a half-month delay or acceleration for the two trains could move consolidated earnings by approximately $50 million and that a $0.50 change in Henry Hub could change them by approximately $100 million. Management also noted that the midscale trains require more power and that their operating and maintenance expenses were similar to or slightly higher in fiscal year 2026 Q1.
The provided consensus rating for CQP units is Sell, with an average price target of $68.67. Targets range from $65 to $75, compared with a 52-week range of $49.53 to $70.64. The average target is approximately 2.8% below the range high, while the highest target exceeds that high, revealing a clear difference among analysts regarding how much value production growth and distribution stability can add.
