Cheniere Energy Partners LP Common Units (CQP)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with business quality and price. Cheniere Energy Partners owns and operates the Sabine Pass LNG terminal and the Creole Trail Pipeline, assets that are hard to replicate and form a real competitive advantage. Still, this is a cyclical, contract-driven midstream partnership, not a wide-moat consumer franchise. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.6B and net income was $1.2B. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $2.5B and net income was $553.0M. For fiscal year 2025, the period ended 2025-12-31, revenue was $10.8B and net income was $3.0B, up from $2.5B in fiscal year 2024, the period ended 2024-12-31, but below $4.3B in fiscal year 2023, the period ended 2023-12-31. Profit is therefore uneven. FairStock calculates trailing free cash flow of $2.8B, an 8.9% free cash flow yield, and a 4.83% dividend yield. At the 2026-10-13 close of $64.57, FairStock's calculated P/E is 11.72, P/B is 8.46, EV/EBITDA is 9.90, ROCE is 13.96%, and Piotroski is 7/9. Its Graham Number is $13.91, leaving a margin of safety of -364.20%, and Altman Z is 1.52. The computed Lynch category is FAST GROWER, but the supplied profit growth is -70.98%. I see cash generation but not a Graham-style bargain; the price already reflects much of the terminal's strength.

In plain English: Cheniere Energy Partners owns a large liquefied natural gas export plant and a pipeline. The business is profitable and produces a lot of cash, but its yearly profits have moved up and down, and the stock price looks full compared with the company's accounting net worth and conservative asset value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer