QualityDipStocks / Utilities · Pipelines
Cheniere Energy Partners LP Common Units CQP
Outside our quality screen, so we don’t track its dips. It’s 6% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $94.54+42%
- Market Value
- forming
- Off 52-wk high
- −6%
- Risk vs market
- Lowbeta −0.23
5 bullish · 4 bearish See why
Key levels
Every level vs today’s $66.61
- 52-wk lowlowest close, 1 year$50.91−23.6%
- PriceFri Oct 30 close$66.61you are here
- 52-wk highhighest close, 1 year$71.22+6.9%
- Fair value est.base case$94.54+41.9%
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is below even the bear case.
Cyclical / peak cash flow — treat with care
What the price implies To be worth today’s price, CQP’s free cash flow would need to shrink about 3% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much CQP moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.3× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.23
- Volatility
- 30% vs 13% SPY
- Correlation SPY
- −0.10
- Correlation QQQ
- −0.12
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationFree-cash-flow yield of 9.0% (price / FCF 11.2×): $2.9B of free cash in the last 12 months.
ValuationP/E of 9.9× vs a 21.2× median for the 55 Utilities companies we cover.
ValuationOur DCF fair value estimate is $94.54, 42% above the price (cyclical or peak cash flow, so treat with care).
ProfitabilityOperating margin of 34% over the last 12 months.
GrowthDiluted EPS grew 29% to $3.00 in FY2021.
Top bearish points 4 of 5
ProfitabilityOperating margin narrowed to 34.4% in FY2025 from 52.1% in FY2023 (SEC filings).
GrowthSales shrank 14% a year from FY2022 to FY2025.
QualityDoesn’t pass our quality screen: net debt 3.1× EBITDA (limit 3×).
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
Who’s talking about it
Notable investors, executives, analysts and public figures on Cheniere Energy Partners LP Common Units in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in Pipelines
All fundamentals
P/E 9.9 · FCF yield 9.0% · Sales +13%
Valuation
- P/E
- 9.9×Utilities median 21.2×
- Price / FCF
- 11.2×
- FCF yield
- 9.0%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.76×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $32.2Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $11.7B
- Sales growth, 12 months
- +13.2%vs the 12 months before
- Sales growth, 3 yrs
- −14.5%/yrfrom FY2022
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- +29.3%
- Net income, 12 months
- $3.3B
- Net income growth
- +41%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 34.2%
- Net margin
- 28.1%
- FCF margin
- 24.8%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 5.4×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $2.9B
- FCF growth, 12 months
- +14%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Sep 30, 2026. From Cheniere Energy Partners LP Common Units’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
DCF $94.54 · FCF value $143.84
Cyclical / peak cash flow — treat with care
Assumes 3.0% growth for 5 years (revenue grew -14.5% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $5.97 a share (trailing 12 months to Sep 30, 2026), from the 10-Q filed Oct 29, 2026. Net debt $13.7B, not deducted.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 58 · 5 days +0.7%
The business
FCF $2.8B · Sales +5%
- Free cash flow, 12 months$2.8B
- Free-cash-flow yield8.6%
- Free-cash-flow margin24%
- Gross margin44%
- Operating margin34%
- Return on invested capital20%
- Sales growth (latest quarter vs year-ago quarter)+5%
- Net debt / EBITDA3.1×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
CQP is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.