Cheniere Energy Partners, L.p. key statistics and ratios

In fiscal 2025, Cheniere Energy Partners, L.p. had an operating margin of 34.4% and a current ratio of 0.78. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cheniere Energy Partners, L.p.: financial ratios, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	—	—	—	—	—	—	—	62.7%	46.1%	47.0%	—	—	—	—	—	—	—	—
Operating margin	78.7%	70.3%	43.0%	14.5%	−11.9%	0.2%	1.1%	22.7%	26.9%	30.8%	29.8%	34.5%	27.1%	19.6%	52.1%	37.7%	34.4%	34.2%
Net margin	44.8%	26.9%	−18.9%	−66.3%	−96.2%	−152.6%	−118.1%	−15.5%	11.4%	19.8%	17.2%	19.2%	17.3%	14.5%	44.0%	28.8%	27.8%	28.1%
Free-cash-flow margin	33.0%	24.8%	−0.2%	−437.3%	<−999%	<−999%	<−999%	−210.5%	−7.3%	16.7%	3.2%	12.6%	17.4%	21.5%	29.9%	32.3%	23.9%	24.8%
Return on assets	—	6.2%	−3.1%	−5.8%	−4.0%	−4.3%	−2.7%	−1.2%	3.0%	7.2%	6.3%	6.1%	8.5%	12.8%	22.5%	14.1%	17.1%	18.6%
Asset turnover	—	0.23	0.16	0.09	0.04	0.03	0.02	0.08	0.26	0.36	0.37	0.32	0.49	0.88	0.51	0.49	0.62	0.66
Current ratio	—	1.51	2.11	3.42	2.31	2.27	0.24	1.12	2.58	2.21	2.80	2.42	1.64	1.08	1.01	0.77	0.78	1.19
Interest cover (operating income ÷ interest)	2.2x	1.6x	0.7x	0.2x	n/m	0.0x	0.0x	0.7x	1.9x	2.7x	2.3x	2.3x	3.1x	3.9x	6.1x	4.1x	4.9x	5.4x
R&D as % of revenue	0.0%	2.2%	11.4%	14.2%	4.2%	3.5%	1.1%	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—
Capital spending as % of revenue	23.3%	1.2%	2.6%	423.0%	>999%	984.6%	>999%	210.5%	30.0%	12.5%	19.5%	15.8%	6.9%	2.6%	2.3%	1.8%	1.8%	4.7%
Free cash flow ÷ net income	73.5%	92.2%	—	—	—	—	—	—	−63.9%	84.0%	18.4%	65.8%	100.8%	148.0%	67.9%	112.1%	86.0%	88.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Cheniere Energy Partners, L.p.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	33.0%	27.6%	29.1%	29.0%	50.5%	10.0%	51.9%	31.7%
Net margin	25.3%	21.4%	22.5%	21.0%	44.2%	5.2%	44.9%	24.8%
Free-cash-flow margin	33.6%	20.2%	20.0%	25.4%	29.7%	24.4%	16.8%	27.7%
Current ratio	0.77	0.88	0.61	0.66	0.78	0.42	1.22	1.19

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 5 checks passed · September 30, 2026

What it owns · $17.8bn

Short-term assets $1.6bnLonger-term assets $16.2bn

What it owes, and who funded it · $17.0bn

Short-term liabilities $1.3bnLonger-term liabilities $15.6bn

Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $1.3bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.6bn short-term assets against $15.6bn of longer-dated liabilities.
More cash than debt $569m of cash against $14.4bn of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $3.4bn of operating cash flow against $14.4bn of debt.
Operating profit covers interest at least five times over Operating income of $4.0bn against $732m of interest.

From Cheniere Energy Partners, L.p.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

60 /100

Moderate moat

How hard Cheniere Energy Partners's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 11 / 20

Net income has been a median 7.5% of total assets over 10 years.
Durability 14 / 20

Operating margin has been a median 31.6%; its worst year was 8.5%.
Cash conversion 18 / 20

Free cash flow was positive in 9 of 10 years, at a median 17.4% of revenue.
Discipline 5 / 20

The diluted share count rose 747.6% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Cheniere Energy Partners, L.p.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cheniere Energy Partners, L.p.