Cheniere Energy Partners LP (CQP) financial statements: income statement, balance sheet and cash flow

Cheniere Energy Partners LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cheniere Energy Partners LP reported revenue of $10.8B (+23.6% year on year) and net income of $3.0B (+19.0% year on year).

Income statement

Cheniere Energy Partners LP income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$10.8B	$8.7B	$9.7B	$17.2B
Cost of sales	$5.1B	$3.6B	$2.7B	$11.9B
Operating and maintenance expense	$1.1B	$1.1B	$1.1B	$757.0M
General and administrative expense	$105.0M	$100.0M	$99.0M	$5.0M
Depreciation and amortization expense	$688.0M	$680.0M	$672.0M	$634.0M
Other operating costs and expenses	$5.0M	$16.0M	$7.0M	$0
Total operating costs and expenses	$7.1B	$5.4B	$4.6B	$13.8B
Income from operations	$3.7B	$3.3B	$5.0B	$3.4B
Interest expense, net of capitalized interest	($753.0M)	($800.0M)	($823.0M)	($870.0M)
Loss on modification or extinguishment of debt	($8.0M)	($3.0M)	($6.0M)	($33.0M)
Interest and dividend income	$18.0M	$33.0M	$46.0M	—
Other income—affiliate	$24.0M	$0	$1.0M	$21.0M
Total other expense	($719.0M)	($770.0M)	($782.0M)	($882.0M)
Net income	$3.0B	$2.5B	$4.3B	$2.5B
Basic and diluted net income per common unit	$5.17	$4.25	$6.95	$3.27
Weighted average basic and diluted number of common units outstanding	484.0M	484.0M	484.0M	484.0M

Cheniere Energy Partners LP income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$2.6B	$3.6B	$2.4B	$2.5B
Cost of sales	$765.0M	$2.8B	$1.3B	$1.2B
Operating and maintenance expense	$275.0M	$274.0M	$231.0M	$344.0M
General and administrative expense	$26.0M	$27.0M	$26.0M	$26.0M
Depreciation and amortization expense	$174.0M	$174.0M	$173.0M	$171.0M
Other operating costs and expenses	$3.0M	$2.0M	$0	$3.0M
Total operating costs and expenses	$1.2B	$3.2B	$1.7B	$1.7B
Income from operations	$1.3B	$361.0M	$696.0M	$715.0M
Interest expense, net of capitalized interest	($183.0M)	($181.0M)	($189.0M)	($188.0M)
Other income, net	$4.0M	$1.0M	$1.0M	$22.0M
Total other expense	($179.0M)	($175.0M)	($190.0M)	($162.0M)
Net income	$1.2B	$186.0M	$506.0M	$553.0M
Basic and diluted net income per common unit	$2.14	$0.19	$0.8	$0.91
Weighted average basic and diluted number of common units outstanding	484.0M	484.0M	484.0M	484.0M

Balance sheet

Cheniere Energy Partners LP balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$182.0M	$270.0M	$575.0M	$904.0M
Restricted cash and cash equivalents	$19.0M	$109.0M	$56.0M	$92.0M
Trade and other receivables, net of current expected credit losses	$749.0M	$544.0M	$373.0M	$627.0M
Trade receivables, net of current expected credit losses—related party	$0	$1.0M	$278.0M	—
Advances to affiliates	$145.0M	$101.0M	$84.0M	—
Inventory	$180.0M	$151.0M	$142.0M	$160.0M
Current derivative assets	$0	$84.0M	$30.0M	$24.0M
Prepaid expenses	$42.0M	—	—	—
Other current assets, net	$21.0M	$65.0M	$43.0M	$50.0M
Total current assets	$1.3B	$1.3B	$1.6B	$2.6B
Property, plant and equipment, net of accumulated depreciation	$15.3B	$15.8B	$16.2B	$16.7B
Operating lease assets	$76.0M	$79.0M	$81.0M	$89.0M
Derivative assets	$541.0M	$98.0M	$40.0M	$28.0M
Other non-current assets, net	$223.0M	$191.0M	$172.0M	$163.0M
Total assets	$17.4B	$17.5B	$18.1B	$19.6B
Accounts payable	$53.0M	$62.0M	$69.0M	$32.0M
Accrued liabilities	$1.0B	$906.0M	$866.0M	$1.4B
Current debt, net of unamortized discount and debt issuance costs	$306.0M	$351.0M	$300.0M	—
Deferred revenue	$123.0M	$123.0M	$117.0M	$144.0M
Current derivative liabilities	$164.0M	$250.0M	$196.0M	$769.0M
Other current liabilities	$15.0M	$20.0M	$18.0M	$5.0M
Total current liabilities	$1.7B	$1.7B	$1.6B	$2.4B
Long-term debt, net of unamortized discount and debt issuance costs	$14.2B	$14.8B	$15.6B	$16.2B
Derivative liabilities	$900.0M	$1.2B	$1.5B	$3.0B
Other non-current liabilities	$254.0M	$276.0M	$98.0M	—
Total liabilities	$17.0B	$18.0B	—	—
Common unitholders’ interest (484.0 million units issued and outstanding at both December 31, 2025 and 2024)	$3.2B	$1.8B	$1.0B	—
General partner’s interest (2% interest with 10.0 million units issued and outstanding at both December 31, 2025 and 2024)	($2.7B)	($2.3B)	($1.8B)	($1.0B)
Total partners’ equity (deficit)	$414.0M	($509.0M)	($784.0M)	($2.1B)
Total liabilities and partners’ equity (deficit)	$17.4B	$17.5B	$18.1B	$19.6B
Limited Partners' Capital Account, Units Outstanding	$484.0M	$484.0M	$484.0M	—
General Partners' Capital Account, Units Outstanding	$10.0M	$9.9M	$9.9M	—

Cheniere Energy Partners LP balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$443.0M	$279.0M	$121.0M	$108.0M
Restricted cash and cash equivalents	$23.0M	$22.0M	$43.0M	$36.0M
Trade and other receivables, net of current expected credit losses	$645.0M	$592.0M	$569.0M	$408.0M
Advances to affiliates	$165.0M	$142.0M	$150.0M	$191.0M
Inventory	$165.0M	$151.0M	$147.0M	$153.0M
Prepaid expenses	$62.0M	$34.0M	$52.0M	$65.0M
Other current assets, net	$17.0M	$27.0M	$21.0M	$28.0M
Total current assets	$1.5B	$1.3B	$1.1B	$1.0B
Property, plant and equipment, net of accumulated depreciation	$15.0B	$15.1B	$15.4B	$15.5B
Operating lease assets	$74.0M	$75.0M	$77.0M	$78.0M
Deferred NPNS assets	$669.0M	—	—	—
Derivative assets	$5.0M	$464.0M	$14.0M	$103.0M
Other non-current assets, net	$377.0M	$211.0M	$225.0M	$192.0M
Total assets	$17.7B	$17.1B	$16.8B	$16.9B
Accounts payable	$82.0M	$52.0M	$58.0M	$71.0M
Accrued liabilities	$736.0M	$768.0M	$732.0M	$709.0M
Current debt, net of unamortized discount and debt issuance costs	$109.0M	$1.6B	$605.0M	$609.0M
Deferred revenue	$102.0M	$93.0M	$150.0M	$111.0M
Current portion of deferred NPNS liabilities	$103.0M	—	—	—
Current derivative liabilities	$93.0M	$447.0M	$139.0M	$142.0M
Other current liabilities	$17.0M	$17.0M	$13.0M	$13.0M
Total current liabilities	$1.2B	$3.0B	$1.7B	$1.7B
Long-term debt, net of unamortized discount and debt issuance costs	$14.3B	$12.6B	$14.2B	$14.2B
Deferred NPNS liabilities	$1.1B	—	—	—
Derivative liabilities	$27.0M	$1.2B	$1.1B	$1.1B
Other non-current liabilities	$240.0M	$246.0M	$260.0M	$266.0M
Total liabilities	$16.9B	$17.0B	$17.2B	$17.3B
Common unitholders’ interest (484 million units issued and outstanding at both June 30, 2026 and December 31, 2025)	$3.7B	$2.9B	$2.3B	$2.2B
General partner’s interest (2% interest with 10 million units issued and outstanding at both June 30, 2026 and December 31, 2025)	($2.9B)	($2.9B)	($2.6B)	($2.5B)
Total partners’ equity	$754.0M	$78.0M	($348.0M)	($340.0M)
Total liabilities and partners’ equity	$17.7B	$17.1B	$16.8B	$16.9B
Limited Partners' Capital Account, Units Outstanding	$484.0M	$484.0M	$484.0M	$484.0M
General Partners' Capital Account, Units Outstanding	$10.0M	$10.0M	$9.9M	$9.9M

Cash flow statement

Cheniere Energy Partners LP cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$3.0B	$2.5B	$4.3B	$2.5B
Depreciation and amortization expense	$688.0M	$680.0M	$672.0M	$634.0M
Amortization of discount and debt issuance costs	$23.0M	$26.0M	$28.0M	$30.0M
Total gains on derivative instruments, net	($741.0M)	($402.0M)	($2.1B)	$1.2B
Net cash provided by (used for) settlement of derivative instruments	($17.0M)	$26.0M	($2.0M)	($102.0M)
Other, net	$26.0M	$19.0M	$20.0M	$44.0M
Trade and other receivables	($131.0M)	($7.0M)	$254.0M	($112.0M)
Trade and other receivables—affiliate	($74.0M)	$114.0M	$273.0M	($335.0M)
Trade receivables—related party	$1.0M	($1.0M)	$0	$0
Advances to affiliates	($48.0M)	($11.0M)	$85.0M	($36.0M)
Inventory	($30.0M)	($10.0M)	$18.0M	$12.0M
Accounts payable and accrued liabilities	$160.0M	$6.0M	($467.0M)	$354.0M
Accounts payable and accrued liabilities—related party	($5.0M)	—	—	—
Total deferred revenue	($12.0M)	$39.0M	$46.0M	($11.0M)
Other, net	($53.0M)	($32.0M)	($11.0M)	$24.0M
Other, net—affiliate	($6.0M)	$8.0M	$0	$11.0M
Net cash provided by operating activities	$2.8B	$3.0B	$3.1B	$4.1B
Property, plant and equipment	($199.0M)	($154.0M)	($220.0M)	($451.0M)
Other, net	($5.0M)	($8.0M)	($7.0M)	—
Net cash used in investing activities	($204.0M)	($162.0M)	($227.0M)	($451.0M)
Proceeds from issuances of debt and borrowings	$1.3B	$1.2B	$1.4B	$559.0M
Redemptions and repayments of debt	($1.9B)	($2.0B)	($1.7B)	($1.6B)
Distributions	($2.1B)	($2.2B)	($2.9B)	($2.6B)
Other	($23.0M)	($21.0M)	($37.0M)	($1.0M)
Net cash used in financing activities	($2.7B)	($3.1B)	($3.2B)	($3.7B)
Net decrease in cash, cash equivalents and restricted cash and cash equivalents	($178.0M)	($252.0M)	($365.0M)	$22.0M
Cash, Cash Equivalents—beginning of period	$379.0M	$631.0M	$996.0M	$974.0M
Cash, Cash Equivalents—end of period	$201.0M	$379.0M	$631.0M	$996.0M

Cheniere Energy Partners LP cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$1.3B	$186.0M	$1.7B	$1.2B
Depreciation and amortization expense	$348.0M	$174.0M	$515.0M	$342.0M
Amortization of discount and debt issuance costs	$11.0M	$6.0M	$18.0M	$12.0M
Total losses (gains) on derivative instruments, net	$142.0M	$665.0M	($109.0M)	($121.0M)
Net cash used for settlement of derivative instruments	($33.0M)	($21.0M)	$6.0M	($13.0M)
Other, net	$8.0M	$5.0M	$19.0M	$9.0M
Trade and other receivables	$162.0M	$229.0M	$21.0M	$119.0M
Trade and other receivables—affiliate	($58.0M)	($73.0M)	($47.0M)	$16.0M
Trade receivables—related party	$0	$0	$1.0M	$1.0M
Advances to affiliates	($5.0M)	$2.0M	($48.0M)	($79.0M)
Inventory	$15.0M	$29.0M	$3.0M	($3.0M)
Accounts payable and accrued liabilities	($271.0M)	($246.0M)	($130.0M)	($169.0M)
Accounts payable and accrued liabilities—related party	$0	$0	($5.0M)	($5.0M)
Due to affiliates	($13.0M)	($20.0M)	—	—
Total deferred revenue	($23.0M)	($28.0M)	$20.0M	($16.0M)
Other, net	($16.0M)	$6.0M	($59.0M)	($39.0M)
Other, net—affiliate	($5.0M)	($4.0M)	($24.0M)	($25.0M)
Net cash provided by operating activities	$1.6B	$910.0M	$1.9B	$1.2B
Property, plant and equipment	($297.0M)	($31.0M)	($176.0M)	($128.0M)
Other, net	($2.0M)	($2.0M)	($4.0M)	($3.0M)
Net cash used in investing activities	($299.0M)	($33.0M)	($180.0M)	($131.0M)
Proceeds from issuances of debt and borrowings	$1.9B	$0	$1.3B	$265.0M
Redemptions and repayments of debt and borrowings	($1.9B)	($253.0M)	($1.6B)	($565.0M)
Distributions	($1.0B)	($522.0M)	($1.5B)	($1.0B)
Other, net	($28.0M)	($2.0M)	($9.0M)	($2.0M)
Net cash used in financing activities	($1.0B)	($777.0M)	($1.9B)	($1.3B)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	$265.0M	$100.0M	($215.0M)	($235.0M)
Cash, Cash Equivalents—beginning of period	$201.0M	$201.0M	$379.0M	$379.0M
Cash, Cash Equivalents—end of period	$466.0M	$301.0M	$164.0M	$144.0M

Cheniere Energy Partners LP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.