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Cheniere Energy Partners

AMEX:CQP
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CQP
AMEX
$21B
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Cheniere Energy Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CQP Share Price and Events
7 Day Returns
0.7%
AMEX:CQP
1.9%
US Oil and Gas
1.2%
US Market
1 Year Returns
53.4%
AMEX:CQP
-0.4%
US Oil and Gas
3%
US Market
CQP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cheniere Energy Partners (CQP) 0.7% -1.2% 14.7% 53.4% 54.6% 46.8%
US Oil and Gas 1.9% 0.7% 13.3% -0.4% 9.8% -24%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • CQP outperformed the Oil and Gas industry which returned -0.4% over the past year.
  • CQP outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CQP
Industry
5yr Volatility vs Market

Value

 Is Cheniere Energy Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cheniere Energy Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cheniere Energy Partners.

AMEX:CQP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:CQP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (75.95%))
1.317
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.317 * 5.96%)
10.58%

Discounted Cash Flow Calculation for AMEX:CQP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cheniere Energy Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AMEX:CQP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.58%)
2019 -365.00 Analyst x1 -330.08
2020 482.00 Analyst x1 394.18
2021 721.62 Est @ 49.71% 533.68
2022 978.66 Est @ 35.62% 654.53
2023 1,230.68 Est @ 25.75% 744.34
2024 1,462.61 Est @ 18.85% 799.98
2025 1,667.54 Est @ 14.01% 824.80
2026 1,844.74 Est @ 10.63% 825.15
2027 1,997.07 Est @ 8.26% 807.82
2028 2,128.86 Est @ 6.6% 778.74
Present value of next 10 years cash flows $6,033.14
AMEX:CQP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2,128.86 × (1 + 2.73%) ÷ (10.58% – 2.73%)
$27,860.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $27,860.74 ÷ (1 + 10.58%)10
$10,191.52
AMEX:CQP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,033.14 + $10,191.52
$16,224.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16,224.66 / 493.89
$32.85
AMEX:CQP Discount to Share Price
Calculation Result
Value per share (USD) From above. $32.85
Current discount Discount to share price of $43.20
= -1 x ($43.20 - $32.85) / $32.85
-31.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cheniere Energy Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cheniere Energy Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cheniere Energy Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CQP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.58
AMEX:CQP Share Price ** AMEX (2019-03-20) in USD $43.2
United States of America Oil and Gas Industry PE Ratio Median Figure of 108 Publicly-Listed Oil and Gas Companies 12.4x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cheniere Energy Partners.

AMEX:CQP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CQP Share Price ÷ EPS (both in USD)

= 43.2 ÷ 2.58

16.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cheniere Energy Partners is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Cheniere Energy Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cheniere Energy Partners's expected growth come at a high price?
Raw Data
AMEX:CQP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
7.2%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 75 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AMEX:CQP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.73x ÷ 7.2%

2.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cheniere Energy Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cheniere Energy Partners's assets?
Raw Data
AMEX:CQP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.69
AMEX:CQP Share Price * AMEX (2019-03-20) in USD $43.2
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
AMEX:CQP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CQP Share Price ÷ Book Value per Share (both in USD)

= 43.2 ÷ 1.69

25.62x

* Primary Listing of Cheniere Energy Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cheniere Energy Partners is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Cheniere Energy Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Cheniere Energy Partners has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cheniere Energy Partners expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cheniere Energy Partners expected to grow at an attractive rate?
  • Cheniere Energy Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Cheniere Energy Partners's earnings growth is positive but not above the United States of America market average.
  • Cheniere Energy Partners's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
AMEX:CQP Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:CQP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 7.2%
AMEX:CQP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 7.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:CQP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CQP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,775 2,720 2,125 2
2022-12-31 9,099 2,214 1,714 3
2021-12-31 7,593 2,113 1,385 9
2020-12-31 7,525 2,027 1,408 12
2019-12-31 7,187 1,784 1,366 12
AMEX:CQP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,426 1,874 1,250
2018-09-30 6,047 1,728 1,271
2018-06-30 5,421 1,458 991
2018-03-31 5,006 1,193 762
2017-12-31 4,304 977 480
2017-09-30 3,337 555 197
2017-06-30 2,765 422 96
2017-03-31 1,924 121 -48
2016-12-31 1,100 0 -168
2016-09-30 616 -212 -306
2016-06-30 353 -272 -251
2016-03-31 269 -125 -211

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cheniere Energy Partners's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
  • Cheniere Energy Partners's revenue is expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:CQP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Cheniere Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CQP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.01 4.67 3.35 2.00
2022-12-31 3.05 3.54 2.70 3.00
2021-12-31 2.98 3.51 2.41 8.00
2020-12-31 3.09 3.82 2.41 8.00
2019-12-31 3.12 3.71 2.70 8.00
AMEX:CQP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.58
2018-09-30 2.63
2018-06-30 2.05
2018-03-31 1.57
2017-12-31 0.99
2017-09-30 0.54
2017-06-30 0.28
2017-03-31 -0.14
2016-12-31 -0.50
2016-09-30 -0.91
2016-06-30 -0.74
2016-03-31 -0.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cheniere Energy Partners is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cheniere Energy Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cheniere Energy Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cheniere Energy Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cheniere Energy Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cheniere Energy Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Cheniere Energy Partners's 1-year earnings growth exceeds its 5-year average (160.4% vs 70.4%)
  • Cheniere Energy Partners's earnings growth has exceeded the US Oil and Gas industry average in the past year (160.4% vs 61%).
Earnings and Revenue History
Cheniere Energy Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cheniere Energy Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CQP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,426.00 1,250.00 84.00
2018-09-30 6,047.00 1,271.00 81.00
2018-06-30 5,421.00 991.00 83.00
2018-03-31 5,006.00 762.00 89.00
2017-12-31 4,304.00 480.00 92.00
2017-09-30 3,337.00 197.00 99.00
2017-06-30 2,765.00 96.00 103.00
2017-03-31 1,924.00 -48.00 103.00
2016-12-31 1,100.00 -168.00 103.00
2016-09-30 616.27 -305.92 122.36
2016-06-30 352.81 -250.57 124.73
2016-03-31 269.50 -211.41 137.28
2015-12-31 270.00 -313.00 137.00
2015-09-30 269.32 -327.01 122.58
2015-06-30 269.37 -345.74 120.12
2015-03-31 269.01 -508.60 109.77
2014-12-31 268.70 -401.83 115.18
2014-09-30 269.14 -392.45 115.51
2014-06-30 268.99 -446.46 133.57
2014-03-31 269.30 -252.62 144.94
2013-12-31 268.19 -235.17 141.41
2013-09-30 268.56 -216.89 125.94
2013-06-30 267.47 -167.88 122.59
2013-03-31 261.25 -169.92 92.14
2012-12-31 264.50 -143.71 73.40
2012-09-30 268.06 -109.25 70.02
2012-06-30 266.61 -75.88 34.23
2012-03-31 278.69 -52.86 27.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Cheniere Energy Partners made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Cheniere Energy Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Cheniere Energy Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cheniere Energy Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cheniere Energy Partners has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cheniere Energy Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cheniere Energy Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cheniere Energy Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cheniere Energy Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cheniere Energy Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cheniere Energy Partners Company Filings, last reported 2 months ago.

AMEX:CQP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 800.00 16,066.00
2018-09-30 748.00 16,059.00 19.00
2018-06-30 728.00 16,046.00 14.00
2018-03-31 725.00 16,052.00 12.00
2017-12-31 639.00 16,046.00 7.00
2017-09-30 485.00 16,040.00 3.00
2017-06-30 486.00 16,025.00 2.00
2017-03-31 465.00 16,020.00
2016-12-31 443.00 14,442.00
2016-09-30 382.26 13,986.56 12.47
2016-06-30 488.42 13,245.60 12.26
2016-03-31 613.27 12,546.89 9.82
2015-12-31 712.93 11,700.44 146.22
2015-09-30 793.71 11,259.74 170.43
2015-06-30 842.53 11,001.29 194.91
2015-03-31 927.30 11,003.92 171.46
2014-12-31 1,130.73 9,014.53 248.83
2014-09-30 1,226.31 9,006.86 252.65
2014-06-30 1,294.28 9,000.96 307.49
2014-03-31 1,545.26 6,597.89 325.34
2013-12-31 1,639.74 6,589.76 351.03
2013-09-30 1,725.76 5,582.47 339.90
2013-06-30 1,848.45 5,572.01 355.30
2013-03-31 1,696.75 3,691.34 456.85
2012-12-31 1,879.98 2,193.54 419.29
2012-09-30 930.48 2,325.62 369.10
2012-06-30 -442.21 2,194.77 170.95
2012-03-31 -574.89 2,193.59 59.44
  • Cheniere Energy Partners's level of debt (2008.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (402.1% vs 2008.3% today).
  • Debt is not well covered by operating cash flow (11.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Cheniere Energy Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cheniere Energy Partners has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cheniere Energy Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.46%
Current annual income from Cheniere Energy Partners dividends. Estimated to be 6.19% next year.
If you bought $2,000 of Cheniere Energy Partners shares you are expected to receive $109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cheniere Energy Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Cheniere Energy Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:CQP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:CQP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.88 2.00
2022-12-31 3.09 4.00
2021-12-31 2.80 8.00
2020-12-31 2.65 14.00
2019-12-31 2.47 13.00
AMEX:CQP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-25 2.360 5.586
2018-10-26 2.320 6.365
2018-07-27 2.240 5.891
2018-04-27 2.200 6.355
2018-01-23 2.000 6.690
2017-10-24 1.760 6.174
2017-07-21 1.700 6.012
2017-04-21 1.700 5.362
2017-01-20 1.700 5.394
2016-10-21 1.700 6.017
2016-07-22 1.700 6.117
2016-04-22 1.700 5.828
2016-02-19 6.800 24.609
2016-01-22 1.700 7.650
2015-10-23 1.700 6.828
2015-07-24 1.700 5.941
2015-04-21 1.700 5.329
2015-01-23 1.700 5.517
2014-10-24 1.700 5.581
2014-07-22 1.700 5.283
2014-04-21 1.700 5.180
2014-01-22 1.700 5.759
2013-10-22 1.700 5.820
2013-07-22 1.700 6.168
2013-04-19 1.700 5.964
2013-01-22 1.700 6.896
2012-10-22 1.700 7.976
2012-08-03 1.700 7.072
2012-04-20 1.700 7.240
2012-01-20 1.700 7.629
2011-10-21 1.700 9.932
2011-07-20 1.700 11.226
2011-04-20 1.700 9.573
2011-01-20 1.700 8.540
2010-10-19 1.700 8.371
2010-07-21 1.700 9.326
2010-04-20 1.700 10.063
2010-01-21 1.700 11.068
2009-10-21 1.700 14.044
2009-07-17 1.700 19.129
2009-05-08 1.700 23.008
2009-03-23 1.700 25.892

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cheniere Energy Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Cheniere Energy Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cheniere Energy Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cheniere Energy Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cheniere Energy Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jack Fusco
COMPENSATION $0
AGE 56
TENURE AS CEO 2.8 years
CEO Bio

Mr. Jack A. Fusco has been the Chief Executive Officer and President at Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC since May 12, 2016. He serves as the Chief Executive Officer of Sabine Pass Liquefaction LLC. Mr. Fusco has been the Chief Executive Officer of Cheniere Energy Partners Gp, Llc since May 12, 2016. He served as an Executive Chairman of Calpine Corporation from May 14, 2014 to May 11, 2016 and served as its Chief Executive Officer from August 10, 2008 to May 2014 and President from August 10, 2008 to December 21, 2012. He has spent over thirty years in the energy industry and has significant experience leading companies with large-scale, asset-intensive portfolios and implementing corporate strategies focused on capital allocation, strategic developments and optimizing shareholder value. He served as the Chief Executive Officer of NRG Texas LLC since July 2004 and also served as its Chairman. From July 2004 to February 2006, Mr. Fusco served as the Chairman and Chief Executive Officer of Texas Genco LLC. He served as the President and Chief Executive Officer of GenOn Power Generation, LLC (alternate name: Orion Power Holdings Inc.) from November 1998 to February 2002 and as its Chief Operating Officer since March 1998. Prior to joining Goldman, Sachs & Co., Mr. Fusco was employed by Pacific Gas & Electric Company or its affiliates in various engineering and management roles for approximately 13 years. He served as Vice President at Goldman Sachs Power, an affiliate of Goldman, Sachs & Co., since beginning in 1997. Prior to his founding of Orion Power Holdings, Inc., he served as Vice President of the Fixed Income Commodity and Currency Division for Goldman, Sachs & Co. Prior to joining Goldman, Sachs & Co., Mr. Fusco served as Executive Director of International Development and Operations at Pacific Gas & Electric's non-regulated subsidiary PG&E Enterprises. In that role, he was responsible for the development and implementation of PG&E's International Business Strategy and the launching of International Generating Company. He served as an Exclusive Energy Investment Advisor to Texas Pacific Group on the acquisition of electric generation assets from 2002 to July 2004. He has been the Chairman of Cheniere Energy Partners Gp, Llc since June 2, 2016. He served as Director of Calpine Corporation since August 10, 2008. He is Director of Cheniere Energy, Inc. since June 2016. He served as the Chairman of Cheniere Energy Partners LP Holdings, LLC since June 15, 2016. He served as a Director of Foster Wheeler AG (formerly Foster Wheeler, Ltd.) from January 31, 2008 to February 10, 2009. He served as a Director of NRG Texas LLC. He served as a Director of GenOn Power Generation, LLC since March 1998 and Graphic Packaging Holding Company from March 10, 2008 to August 2008. He is a Registered Professional Mechanical Engineer in the State of California. Mr. Fusco holds a B.S. in Mechanical Engineering from California State University in 1984.

CEO Compensation
  • Insufficient data for Jack to compare compensation growth.
  • Jack's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cheniere Energy Partners management team in years:

2.7
Average Tenure
49.5
Average Age
  • The tenure for the Cheniere Energy Partners management team is about average.
Management Team

Jack Fusco

TITLE
Chairman
AGE
56
TENURE
2.8 yrs

Michael Wortley

TITLE
Executive VP
AGE
42
TENURE
5.2 yrs

Doug Shanda

TITLE
Senior VP of Operations & Director of Cheniere Energy Partners GP LLC
AGE
48
TENURE
2.5 yrs

Eric Bensaude

TITLE
Senior VP of Commercial Operations & Director of Cheniere Energy Partners GP LLC
AGE
51
TENURE
2.5 yrs

Len Travis

TITLE
VP & Chief Accounting Officer of Cheniere Energy Partners GP LLC
AGE
55

Michael Dove

TITLE
VP & Chief Information Officer of Cheniere Energy Partners GP LLC

Tom Bullis

TITLE
Executive VP & Chief Administrative Officer of Cheniere Energy Partners GP LLC

Randy Bhatia

TITLE
Vice President of Investor Relations - Cheniere Energy Partners GP LLC

Sean Markowitz

TITLE
General Counsel & Corporate Secretary of Cheniere Energy Partners GP LLC
AGE
44

Deanna Newcomb

TITLE
Chief Compliance & Ethics Officer and VP of Internal Audit - Cheniere Energy Partners GP LLC
Board of Directors Tenure

Average tenure and age of the Cheniere Energy Partners board of directors in years:

5.4
Average Tenure
57.5
Average Age
  • The tenure for the Cheniere Energy Partners board of directors is about average.
Board of Directors

Michael Wortley

TITLE
Executive VP
AGE
42
TENURE
5.2 yrs

Doug Shanda

TITLE
Senior VP of Operations & Director of Cheniere Energy Partners GP LLC
AGE
48
TENURE
2.5 yrs

Eric Bensaude

TITLE
Senior VP of Commercial Operations & Director of Cheniere Energy Partners GP LLC
AGE
51
TENURE
2.5 yrs

Lon McCain

TITLE
Director of Cheniere Energy Partners GP LLC
COMPENSATION
$208K
AGE
70
TENURE
12 yrs

Jack Fusco

TITLE
Chairman
AGE
56
TENURE
2.8 yrs

James Ball

TITLE
Director of Cheniere Energy Partners GP LLC
COMPENSATION
$228K
AGE
67
TENURE
6.3 yrs

Vincent Pagano

TITLE
Director of Cheniere Energy Partners GP LLC
COMPENSATION
$208K
AGE
68
TENURE
6.3 yrs

Rick Richard

TITLE
Director of Cheniere Energy Partners GP LLC
COMPENSATION
$203K
AGE
65
TENURE
6.5 yrs

Philip Meier

TITLE
Director of Cheniere Energy Partners GP LLC
AGE
59
TENURE
5.7 yrs

JP Munfa

TITLE
Director of Cheniere Energy Partners GP LLC
AGE
36
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Cheniere Energy Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cheniere Energy Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Does Cheniere Energy Partners LP (NYSEMKT:CQP) Fare As A Dividend Stock?

Historically, Cheniere Energy Partners LP (NYSEMKT:CQP) has paid dividends to shareholders, and these days it yields 5.9%. … Let's take a look at Cheniere Energy Partners in more detail. … View our latest analysis for Cheniere Energy Partners

Simply Wall St -

What is Behind Cheniere Energy Partners LP's (NYSEMKT:CQP) Superior ROE?

and want a simplistic look at the return on Cheniere Energy Partners LP (NYSEMKT:CQP) stock. … With an ROE of 107.31%, Cheniere Energy Partners LP (NYSEMKT:CQP) outpaced its own industry which delivered a less exciting 11.36% over the past year. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

What is Behind Cheniere Energy Partners LP.'s (NYSEMKT:CQP) Superior ROE?

View our latest analysis for Cheniere Energy Partners Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Cheniere Energy Partners’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Cheniere Energy Partners, which is 10.37%. … Given a positive discrepancy of 96.94% between return and cost, this indicates that Cheniere Energy Partners pays less for its capital than what it generates in return, which is a sign of capital efficiency.

Simply Wall St -

Is Cheniere Energy Partners LP. (NYSEMKT:CQP) A Smart Pick For Income Investors?

Does Cheniere Energy Partners tick all the boxes of a great dividend stock? … See our latest analysis for Cheniere Energy Partners 5 questions I ask before picking a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … AMEX:CQP Historical Dividend Yield May 15th 18 How well does Cheniere Energy Partners fit our criteria?

Simply Wall St -

Cheniere Energy Partners LP. (NYSEMKT:CQP): Good Growth, Poor Health

(AMEX:CQP) continues to post impressive revenue growth and its prospects have never been brighter. … AMEX:CQP Future Profit May 2nd 18 The company is growing incredibly fast, with a year-on-year revenue growth of 291.27% over the past financial year. … Net income is expected to increase to US$966.50M in the upcoming year, and over the next five years, earnings are expected to rise at an annual rate of 19.48% on average, compared to the industry average growth of 11.44%.

Simply Wall St -

Cheniere Energy Partners LP. (NYSEMKT:CQP): Ex-Dividend Is In 3 Days, Should You Buy?

If you are interested in cashing in on Cheniere Energy Partners LP.'s (AMEX:CQP) upcoming dividend of $0.55 per share, you only have 3 days left to buy the shares before its ex-dividend date, 04 May 2018, in time for dividends payable on the 15 May 2018. … View our latest analysis for Cheniere Energy Partners 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … AMEX:CQP Historical Dividend Yield Apr 30th 18 Does Cheniere Energy Partners pass our checks?

Simply Wall St -

Did Cheniere Energy Partners LP (CQP) Create Value For Shareholders?

Check out our latest analysis for Cheniere Energy Partners Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AMEX:CQP Last Perf Oct 28th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Company Info

Description

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company’s regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day. It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines. Cheniere Energy Partners GP, LLC serves as the general partner of the company. Cheniere Energy Partners, L.P. was founded in 2006 and is headquartered in Houston, Texas.

Details
Name: Cheniere Energy Partners, L.P.
CQP
Exchange: AMEX
Founded: 2006
$21,153,159,780
$20,909,194,113
493,886,523
Website: http://www.cheniere.com/about-us/cheniere-partners/
Address: Cheniere Energy Partners, L.P.
700 Milam Street,
Suite 1900,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CQP Common Units NYSE MKT LLC US USD 21. Mar 2007
DB C64 Common Units Deutsche Boerse AG DE EUR 21. Mar 2007
LSE 0S1F Common Units London Stock Exchange GB USD 21. Mar 2007
Number of employees
Current staff
Staff numbers
0
Cheniere Energy Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:09
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.