Q4 25 EPS
$2.38
BEAT +113.53%
Est. $1.11
Q4 25 Revenue
$2.91B
BEAT +3.46%
Est. $2.81B
vs S&P Since Q4 25
-3.0%
TRAILING MARKET
CQP +5.1% vs S&P +8.1%
Full Year 2025 Results
FY 25 EPS
$5.17
BEAT +24.78%
Est. $4.14
FY 25 Revenue
$10.76B
BEAT +0.14%
Est. $10.74B
Market Reaction
Did CQP Beat Earnings? Q4 2025 Results
Cheniere Energy Partners delivered a blowout fourth quarter, posting earnings per unit of $2.38 against a consensus estimate of just $1.10, a beat of 116.36% that underscored the partnership's remarkable profit momentum heading into 2026. Revenue cli… Read more Cheniere Energy Partners delivered a blowout fourth quarter, posting earnings per unit of $2.38 against a consensus estimate of just $1.10, a beat of 116.36% that underscored the partnership's remarkable profit momentum heading into 2026. Revenue climbed 18.3% year-over-year to $2.91 billion, edging past the $2.90 billion estimate, while net income more than doubled to $1.29 billion, driven in large part by roughly $535 million in favorable fair value changes on derivative instruments tied to long-term Integrated Production Marketing agreements. Adjusted EBITDA rose 14% to $1.01 billion as higher total margins per MMBtu of LNG delivered across 114 cargoes, up 4% from a year earlier, powered the quarter. An S&P credit upgrade to BBB+ added further credibility to the balance sheet story, a signal analysts noted reinforces confidence in the partnership's cash generation capacity. Looking ahead, Cheniere Partners guided 2026 distributions of $3.10 to $3.40 per common unit, with midstream investors watching closely as the SPL Expansion Project awaits FERC and DOE regulatory approvals.
Key Takeaways
- • Higher total margins per MMBtu of LNG delivered
- • Favorable variances of approximately $535 million in Q4 related to changes in fair value of derivative instruments
- • 4% increase in LNG export volumes year-over-year in Q4 (416 TBtu vs 399 TBtu)
- • Increased LNG cargoes exported (114 vs 110 in Q4)
CQP YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CQP Revenue by Segment
With YoY comparisons, source: SEC Filings
CQP Earnings Trends
CQP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CQP EPS Trend
Earnings per share: estimate vs actual
CQP Revenue Trend
Quarterly revenue: estimate vs actual
CQP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $1.22 | $0.19 | -84.41% | $3.60B | +21.06% |
| Q4 25 BEAT FY | $1.11 | $2.38 | +113.53% | $2.91B | +3.46% |
| FY Full Year | $4.14 | $5.17 | +24.78% | $10.76B | +0.14% |
| Q3 25 MISS | $1.11 | $0.80 | -28.09% | $2.40B | -3.74% |
| Q2 25 MISS | $0.96 | $0.91 | -5.29% | $2.46B | -2.31% |
| Q1 25 MISS | $1.12 | $1.08 | -3.77% | $2.99B | +9.32% |