Cheniere Energy Partners LP Stock Research

Market Summary

USD46.00+1.79

Market Closed

4.05%

CQP Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

CQP Stock Price

CQP RSI Chart

CQP Valuation

Market Cap

28.8B

Price/Earnings (Trailing)

20.75

Price/Sales (Trailing)

2.2

Price/Free Cashflow

12.92

CQP Price/Sales (Trailing)

CQP Profitability

Return on Assets

12.72%

Free Cashflow Yield

7.74%

CQP Fundamentals

CQP Revenue

Revenue (TTM)

17.2B

Revenue Y/Y

44.9%

Revenue Q/Q

-5.12%

CQP Earnings

Earnings (TTM)

2.5B

Earnings Y/Y

395.27%

Earnings Q/Q

588.52%

Price Action

52 Week Range

38.6562.08

(Low)(High)

Last 7 days

-10.5%

Last 30 days

-15.8%

Last 90 days

-24.1%

Trailing 12 Months

-1.2%

CQP Financial Health

Current Ratio

1.08

Debt/Cashflow

0.2

CQP Investor Care

Peers (Alternatives to Cheniere Energy Partners)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ET	40.6B	89.9B	-7.80%	29.98%	8.97	1.48	33.31%	-13.05%
KMI	37.2B	19.2B	-9.84%	0.22%	14.6	1.94	15.59%	42.83%
WMB	35.1B	11.0B	-9.53%	-6.22%	17.15	3.2	3.18%	35.07%
CQP	28.8B	17.2B	-15.82%	-1.16%	20.75	2.2	82.38%	53.25%
OKE	27.3B	22.4B	-12.90%	-0.85%	15.84	1.22	35.35%	14.84%
MID-CAP
DCP	8.2B	15.0B	0.07%	47.53%	9.89	0.59	40.03%	169.05%
NFE	6.0B	2.4B	-28.31%	1.19%	30.82	2.53	79.03%	100.28%
ENLC	5.0B	9.5B	-17.92%	24.51%	13.71	0.52	42.72%	1512.95%
ETRN	2.4B	1.4B	-18.81%	-20.26%	-8.76	1.74	3.09%	80.92%
DKL	2.3B	1.0B	8.06%	34.17%	14.33	2.2	47.87%	-3.50%
SMALL-CAP
NS	1.7B	226.0M	-11.30%	11.36%	7.7	7.59	436.62%	482.73%
VTNR	592.5M	2.8B	-5.10%	-10.81%	-122.87	0.21	2311.20%	73.74%
RTLR	582.1M	404.2M	19.84%	54.87%	15.22	1.44	-0.37%	17.85%
SMLP	202.8M	369.6M	-3.26%	12.60%	-1.71	0.51	-7.74%	-284.00%

Financials for Cheniere Energy Partners

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	9.3%	17,206	15,743	13,091	10,799	9,434
Operating Expenses	5.1%	757	720	679	656	635
S&GA Expenses	0%	5.00	5.00	4.00	10.00	9.00
R&D Expenses	-100.0%	0.00	1.00	-	-	-
Interest Expenses	4.1%	870	836	824	817	831
Net Income	405.7%	2,498	494	1,389	1,442	1,630
Net Income Margin	362.7%	0.15*	0.03*	0.11*	0.13*	-
Free Cahsflow	44.6%	3,698	2,557	2,231	1,914	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-4.2%	19,633	20,500	20,130	19,658	19,358
Current Assets	-22.3%	2,620	3,373	2,960	2,434	2,212
Cash Equivalents	-8.5%	904	988	1,111	1,156	876
Inventory	-33.6%	160	241	170	149	176
Net PPE	-0.6%	16,725	16,827	16,861	16,915	16,830
Current Liabilities	-47.2%	2,421	4,583	3,779	1,600	1,345
. Short Term Borrowings	-Infinity%	-1,497	-	-	-	-
Long Term Debt	-8.7%	15,693	17,184	17,177	-	-
LT Debt, Non Current	3.2%	16,198	15,699	15,693	17,184	17,177
Shares Outstanding	0%	484	484	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	35.3%	4,149	3,066	2,802	2,503	2,291
Cashflow From Investing	11.4%	-451	-509	-571	-589	-648
Cashflow From Financing	-14.2%	-3,676	-3,220	-2,346	-1,964	-1,976

Risks for CQP

What is the probability of a big loss on CQP?

36.5%

Probability that Cheniere Energy Partners stock will be more than 20% underwater in next one year

19.6%

Probability that Cheniere Energy Partners stock will be more than 30% underwater in next one year.

18.1%

Probability that Cheniere Energy Partners stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CQP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cheniere Energy Partners was unfortunately bought at previous high price.

Drawdowns

Returns for CQP

Cumulative Returns on CQP

12.5%

10-Year Cumulative Returns

12.9%

7-Year Cumulative Returns

15.6%

5-Year Cumulative Returns

25.2%

3-Year Cumulative Returns

What are the long-term rolling returns for CQP?

FIve years rolling returns for Cheniere Energy Partners.

Annualized Returns

Which funds bought or sold CQP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	3.62	32,983	354,983	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-7.69	-14,000	841,000	-%
2023-02-28	American Institute for Advanced Investment Management, LLP	added	2.29	54,976	659,976	0.60%
2023-02-24	NATIXIS	added	98.5	2,381,480	4,515,480	0.03%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	668	9,668	-%
2023-02-17	TRUIST FINANCIAL CORP	reduced	-0.15	97,587	1,616,590	-%
2023-02-16	MONTCHANIN ASSET MANAGEMENT, LLC	unchanged	-	65,000	1,051,000	1.44%
2023-02-16	HARBOUR INVESTMENTS, INC.	unchanged	-	569	569	-%
2023-02-16	GSB Wealth Management, LLC	reduced	-32.48	-84,041	216,959	0.08%
2023-02-15	Wealthstar Advisors, LLC	reduced	-5.57	-9,993	489,007	0.22%

Latest Funds Activity

Are funds buying CQP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CQP

No. of Funds

Cheniere Energy Partners News

Schedule 13G FIlings of Cheniere Energy Partners

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Sep 30, 2020	brookfield asset management inc.	42.0%	203,240,752	SC 13D
Sep 28, 2020	blackstone holdings iii l.p.	0.5%	2,250,419	SC 13D/A
Aug 24, 2020	blackstone holdings iii l.p.	0.5%	2,250,419	SC 13D/A
Aug 19, 2020	cheniere energy, inc.	49.56%	239,872,500	SC 13D/A
Jul 31, 2020	cheniere energy, inc.	49.56%	239,872,500	SC 13D/A

CQP Fair Value

Recent SEC filings of Cheniere Energy Partners

View All Filings

Date Filed	Form Type	Document
Feb 23, 2023	8-K	Current Report
Feb 23, 2023	10-K	Annual Report
Feb 03, 2023	3	Insider Trading
Feb 02, 2023	8-K	Current Report
Jan 27, 2023	8-K	Current Report
Dec 15, 2022	8-K	Current Report
Dec 09, 2022	4	Insider Trading

Latest Insider Trading transactions for CQP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-07	PAGANO VINCENT JR	back to issuer	-85,770	57.18	-1,500	-
2022-12-07	PAGANO VINCENT JR	acquired	-	-	3,000	-
2022-09-07	Richard Oliver G III	back to issuer	-81,990	54.66	-1,500	-
2022-09-07	Ball James Robert	back to issuer	-102,488	54.66	-1,875	-
2022-09-07	Ball James Robert	acquired	-	-	3,000	-
2022-09-07	Richard Oliver G III	acquired	-	-	3,000	-
2022-06-03	Ball James Robert	sold	-167,526	54.48	-3,075	-
2022-05-29	MCCAIN ELLIS L	back to issuer	-62,122	55.22	-1,125	-
2022-05-29	MCCAIN ELLIS L	acquired	-	-	3,000	-
2021-12-07	PAGANO VINCENT JR	acquired	-	-	3,000	-

About Cheniere Energy Partners

CQP Income Statement

2022-12-31

Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Revenues

Revenues

$ 17,206

$ 9,434

$ 6,167

Revenues from contracts with customers

17,205

9,435

6,167

Operating costs and expenses

Cost of sales (excluding items shown separately below)

11,887

5,290

2,505

Cost of sales—affiliate

213

Cost of sales—related party

Operating and maintenance expense

757

635

629

Operating and maintenance expense—affiliate

166

142

152

Operating and maintenance expense—related party

General and administrative expense

General and administrative expense—affiliate

Depreciation and amortization expense

634

557

551

Other

Other—affiliate

Total operating costs and expenses

13,826

6,877

4,042

Income from operations

3,380

2,557

2,125

Other income (expense)

Interest expense, net of capitalized interest

(870)

(831)

(909)

Loss on modification or extinguishment of debt

(33)

(101)

(43)

Other income, net

Other income—affiliate

Total other expense

(882)

(927)

(942)

Net income

$ 2,498

$ 1,630

$ 1,183

Basic and diluted net income per common unit

^[1]

$ 3.27

$ 3.00

$ 2.32

Weighted average basic and diluted number of common units outstanding

484.0

399.3

LNG [Member]

Revenues

Revenues

$ 11,507

$ 7,639

$ 5,195

Revenues from contracts with customers

^[2]

11,506

7,640

5,195

LNG—affiliate [Member]

Revenues

Revenues from contracts with customers

4,568

1,472

662

LNG—related party[Member]

Revenues

Revenues from contracts with customers

Regasification [Member]

Revenues

Revenues from contracts with customers

1,068

269

Other [Member]

Revenues

Revenues from contracts with customers

$ 63

$ 53

$ 41

[1]

In computing basic and diluted net income per common unit, net income is reduced by the amount of undistributed net income allocated to participating securities other than common units, as required under the two-class method. See Note 15—Net Income per Common Unit.

[2]

LNG revenues include revenues for LNG cargoes in which our customers exercised their contractual right to not take delivery but remained obligated to pay fixed fees irrespective of such election. During the year ended December 31, 2020, we recognized $553 million in LNG revenues associated with LNG cargoes for which customers notified us that they would not take delivery. We did not have revenues associated with LNG cargoes for which customers notified us that they would not take delivery during the years ended December 31, 2022 and 2021. Revenue is generally recognized upon receipt of irrevocable notice that a customer will not take delivery because our customers have no contractual right to take delivery of such LNG cargo in future periods and our performance obligations with respect to such LNG cargo have been satisfied.

CQP Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 904	$ 876
Restricted cash and cash equivalents	92	98
Trade and other receivables, net of current expected credit losses	627	580
Accounts receivable—affiliate	551	232
Accounts receivable—related party	0	1
Advances to affiliate	177	141
Inventory	160	176
Current derivative assets	24	21
Margin deposits	35	7
Other current assets	50	80
Total current assets	2,620	2,212
Property, Plant and Equipment, Net	16,725	16,830
Operating lease assets	89	98
Debt issuance costs, net of accumulated amortization	8	12
Derivative assets	28	33
Other non-current assets, net	163	173
Total assets	19,633	19,358
Current liabilities
Accounts payable	32	21
Accrued liabilities	1,378	1,073
Accrued liabilities—related party	6	4
Due to affiliates	74	67
Deferred revenue	144	155
Deferred revenue—affiliate	3	1
Current operating lease liabilities	10	8
Current derivative liabilities	769	16
Other current liabilities	5	0
Total current liabilities	2,421	1,345
Long-term debt, net of premium, discount and debt issuance costs	16,198	17,177
Operating lease liabilities	80	89
Finance lease liabilities	18	0
Derivative liabilities	3,024	11
Other non-current liabilities—affiliate	23	18
Commitments and contingencies
Partners’ equity (deficit)
Common unitholders’ interest (484.0 million units issued and outstanding at both December 31, 2022 and 2021)	(1,118)	1,024
General partner’s interest (2% interest with 9.9 million units issued and outstanding at both December 31, 2022 and 2021)	(1,013)	(306)
Total partners’ equity (deficit)	(2,131)	718
Total liabilities and partners’ equity (deficit)	$ 19,633	$ 19,358