Cheniere Energy Partners, L.P. (CQP) intrinsic value & 10-year financials
Cheniere Energy Partners, L.P. (CQP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 28.9% a year to $10.8B.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $63.57
- Revenue (FY2025)
- $10.8B
- Revenue growth (10-yr CAGR)
- 28.9%
- Free cash flow (FY2025)
- $2.6B
CQP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $10.8B | $3.0B | — | $2.6B | 34.4% | — |
| FY2024 | $8.7B | $2.5B | — | $2.8B | 37.7% | — |
| FY2023 | $9.7B | $4.3B | — | $2.9B | 52.1% | — |
| FY2022 | $17.2B | $2.5B | — | $3.7B | 19.6% | — |
| FY2021 | $9.4B | $1.6B | — | $1.6B | 27.1% | — |
| FY2020 | $6.2B | $1.2B | — | $779.0M | 34.5% | — |
| FY2019 | $6.8B | $1.2B | — | $216.0M | 29.8% | — |
| FY2018 | $6.3B | $1.3B | — | $1.1B | 31.5% | — |
| FY2017 | $4.3B | $490.0M | — | -$313.0M | 27.0% | — |
| FY2016 | $1.1B | -$171.2M | — | -$2.3B | 22.9% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Cheniere Energy Partners, L.P. is a consistent compounder, expanding top-line revenue at 28.9% annually over the past decade.
Cheniere Energy Partners, L.P. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Cheniere Energy Partners, L.P. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cheniere Energy Partners, L.P. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.