Cheniere Energy Partners LP (CQP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cheniere Energy Partners LP stock $73.06, price $57.36, upside +27.4%, quality 73 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $27.30 – $71.22 · fair‑value band $29.84 – $132.51 · the $57.36 price screens below the $73.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Cheniere Energy Partners LP in your weekly email
Every Wednesday you see whether Cheniere Energy Partners LP is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies in the United States and internationally.
Show moreShow less
The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana.
It also owns Creole Trail Pipeline, a natural gas supply pipeline that interconnects the Sabine Pass LNG terminal with various interstate and intrastate pipelines. Cheniere Energy Partners, L.P. was founded in 2003 and is headquartered in Houston, Texas.
Cheniere Energy Partners, L.P. is a subsidiary of Cheniere Energy, Inc.
Stock analysis
Cheniere Energy Partners LP (CQP) currently trades at $57.36, while our model-based Fair Value estimate is $73.06, implying the stock looks roughly 21% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of $173.71 per share, and 16 of the 25 models we run sit above the $57.36 price.
Bear case: the Multiples group reads lowest at $26.67, and 9 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $29.84 (bear) to $132.51 (bull), the price of $57.36 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Cheniere Energy Partners LP reported revenue of $10.8B in FY2025 versus $9.4B in FY2021, a compound +3.3%/yr. Reported net income was $3.0B in FY2025, compounding +16.3%/yr from FY2021.
Key figures
Market cap $28.4B Large · P/E ratio 10.0 · P/S ratio 2.44 · EPS (TTM) $5.72 · Dividend yield 1.4% · Net margin 28.1% · Return on equity 12.3% · Return on assets (EBIT) 19.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 27%, CQP screens cheaper than that median.
Fair Value models
Bear$29.84Fair Value $73.06Bull$132.51
Price $57.36 · Upside +27.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.19 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV$30.72$41.79$51.7774
FCF DCF$93.60$173.21$440.8972
Growth DCF$86.81$203.69$461.6371
All 26 models by family
DCF Models
FCF DCF$93.60$173.21$440.8972
Owner Earnings$110.81$307.43$757.8168
5Y Revenue Exit$17.64$39.28$83.5567
5Y EBITDA Exit$33.17$70.71$143.9470
5Y P/E Exit$52.92$144.47$267.6566
10Y Revenue Exit$38.12$89.58$113.1166
10Y EBITDA Exit$50.86$124.50$244.9564
10Y P/E Exit$65.88$168.90$334.6059
Earnings-Based
Graham-Dodd$41.96$292.63$410.6663
Lynch FV$109.20$156.00$202.8061
PEG = 1.0$109.20$156.00$202.8057
EPV$30.72$41.79$51.7774
Dividend Discount
Gordon GGM$42.74$97.83$175.4465
DDM Multi-Stage$42.74$77.86$101.2266
Multiples
P/E Multiple$64.79$86.39$107.9963
P/S Multiple$20.00$26.67$33.3458
P/B Multiple$8.76$11.68$14.6055
EV/EBIT$25.62$44.14$62.6564
EV/EBITDA$9.80$23.04$36.2863
EV/Revenuen/an/a$4.7550
Asset-Based
NCAV (Graham)$3.24$4.35$6.4954
Growth DCF
Growth DCF$86.81$203.69$461.6371
Rev-Margin DCF$17.77$49.34$108.0966
Economic Profit
Residual Income$27.78$37.37$93.0168
ROIC Compounder$51.65$97.80$132.3470
Growth Earnings
Growth-Adj P/E$121.59$173.71$225.8267
The fair value above starts from this blend and is adjusted for a cyclical peak year.
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+23.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2020 (pandemic). Over 10 years: +44.6% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+17.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.8%
Dividend (yield on the price)1.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 33%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −0.8% a year for the price and +1.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Long-duration LNG contracts deliver stable cash flows that support margins and returns, yet elevated total debt and limited innovation remain the main weaknesses.
Main risk: Surging global LNG export capacity from competitors such as QatarEnergy could narrow price spreads and compress margins on Cheniere's exports.
Bull case: Long-term contracts with creditworthy buyers like the recent Petrobras and QatarEnergy deals could secure volumes and support expansions despite competitive pressures.
Bear case: If global supply gluts and trade restrictions materialise, export margins could narrow significantly and limit capacity growth at Gulf Coast facilities.
Cheniere recently signed a 22-year LNG supply agreement with Petrobras for 0.8 million tonnes per year. The deal adds decades of contracted cash flow and supports brownfield expansion at existing Gulf Coast facilities. Our models see the partnership as undervalued. Will these long-duration contracts mainly stabilize distributions or enable meaningful capacity growth?
Compare Cheniere Energy Partners LP with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 81 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+27.4% · Top 25%
Profitability
Return on equity (12 months)12.3% · Below median
Return on assets17.1% · Top 25%
Net margin (12 months)28.1% · Above median
Operating margin (12 months)31.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.1% · Below median
Dividend yield (12 months)1.4% · Bottom 25%
Balance sheet
Debt / equity4.49× · Highest 25%
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (12 months)10.0× · Cheaper than median
P/B9.00× · Priciest 25%
P/S (12 months)2.44× · Cheaper than median
Price / free cash flow (fiscal year)11.1× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cheniere Energy Partners LP Fair Value". https://www.fairvalue-calculator.com/stock/CQP
Frequently asked questions
Is Cheniere Energy Partners LP (CQP) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $73.06 versus a price of $57.36, about +27% upside (undervalued).
What is the fair value of CQP?
Our model-based fair value for Cheniere Energy Partners LP is $73.06 (as of Nov 9, 2026), built from audited fundamentals. The current price: $57.36.
What is the quality score of CQP?
Cheniere Energy Partners LP has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cheniere Energy Partners LP (CQP)?
Our model-based price target is the fair value of $73.06 (as of Nov 9, 2026) from 26 valuation models. Cautious scenario $29.84, optimistic scenario $132.51. It is a calculation from audited fundamentals, not an analyst target.
What is the Cheniere Energy Partners LP stock forecast for 2026?
Our models put fair value at $73.06, about +27% upside versus a price of $57.36 (undervalued). Cautious scenario $29.84, optimistic scenario $132.51. The calculation is refreshed regularly with new filings.
What is the revenue of Cheniere Energy Partners LP (CQP)?
Cheniere Energy Partners LP reported trailing-twelve-month revenue of about $11.7B (latest available figure, as of Nov 9, 2026).
Does Cheniere Energy Partners LP pay a dividend?
Cheniere Energy Partners LP currently shows a dividend yield of 1.45% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Cheniere Energy Partners LP (CQP) and when is the ex-dividend date?
Cheniere Energy Partners LP pays a dividend of $0.83 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Nov 3, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 14.5% of earnings. Free cash flow covers the dividend 6.39 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Cheniere Energy Partners LP (CQP)?
For today's price to be fair in a discounted-cash-flow model, Cheniere Energy Partners LP would have to grow free cash flow by +1.6 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of CQP use?
Our models discount Cheniere Energy Partners LP at 8.1 %: a base by market capitalisation (large), damped by beta 0.28, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Cheniere Energy Partners LP that is +1.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Cheniere Energy Partners LP (CQP) delivered so far?
Over the past 5 years revenue at Cheniere Energy Partners LP grew +11.8 % a year. The price currently implies free-cash-flow growth of +1.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Cheniere Energy Partners LP (CQP) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Cheniere Energy Partners LP (+1.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cheniere Energy Partners LP (CQP)?
The free-cash-flow yield on the price is 9.25 %: that much free cash flow Cheniere Energy Partners LP produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cheniere Energy Partners LP (CQP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cheniere Energy Partners LP it is $73.06 per share (as of Nov 9, 2026), against a price of $57.36. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Cheniere Energy Partners LP stock overvalued or undervalued in 2026?
As of Nov 9, 2026, CQP trades below its calculated fair value: price $57.36, fair value $73.06, a gap of about +27% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CQP?
No. The price is what the market pays today ($57.36); the fair value is what the company's own numbers justify ($73.06). For Cheniere Energy Partners LP the two are $15.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cheniere Energy Partners LP worth?
The market values Cheniere Energy Partners LP at about $28.4B (market capitalisation, as of Nov 9, 2026). Per share that is $57.36; our models calculate a fair value of $73.06 per share.
What do the bullish and bearish scenarios say about CQP?
Our models span a range for Cheniere Energy Partners LP: cautious scenario $29.84, base $73.06, optimistic $132.51 per share (as of Nov 9, 2026, price $57.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CQP?
Cheniere Energy Partners LP trades at a price-to-earnings ratio of 10.0 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $73.06 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 11.9. Other multiples: PEG 5.0, P/B 9.0, P/S 2.4, EV/EBITDA 9.1.
What is the PEG ratio of CQP?
The PEG ratio of Cheniere Energy Partners LP is 5.05 (P/E divided by earnings growth, as of Nov 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Cheniere Energy Partners LP (CQP)?
Balance-sheet figures for Cheniere Energy Partners LP (as of Nov 9, 2026): return on equity 12.3%, debt of 4.49 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is CQP from its 52-week high?
Cheniere Energy Partners LP trades at $57.36, about 19% below its 52-week high of $71.22 and 19% above the low of $48.30 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $73.06 is for.
Which stocks are comparable to Cheniere Energy Partners LP?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cheniere Energy Partners LP stock attractive at the current price?
The data as of Nov 9, 2026: price $57.36, calculated fair value $73.06 (+27%), Quality Score 73/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CQP calculated?
We run Cheniere Energy Partners LP through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $73.06 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Cheniere Energy Partners LP currently trades 21% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cheniere Energy Partners LP (CQP)?
The closing price on Nov 6, 2026 was $57.36. Our model-based fair value is $73.06, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cheniere Energy Partners LP right now?
The model range is unusually wide ($29.84 to $132.51). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (73/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Cheniere Energy Partners LP
How large is the market capitalisation of Cheniere Energy Partners LP (CQP)?
The market capitalisation of Cheniere Energy Partners LP is $28.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cheniere Energy Partners LP (CQP)?
The price-to-sales ratio of Cheniere Energy Partners LP is 2.44 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cheniere Energy Partners LP (CQP)?
Earnings per share at Cheniere Energy Partners LP are $5.72 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cheniere Energy Partners LP (CQP)?
The dividend yield of Cheniere Energy Partners LP is 1.4% (payout 14.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cheniere Energy Partners LP (CQP)?
The net margin of Cheniere Energy Partners LP is 28.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cheniere Energy Partners LP (CQP)?
The return on equity (ROE) of Cheniere Energy Partners LP is 12.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cheniere Energy Partners LP (CQP)?
On an EBIT basis the return on assets of Cheniere Energy Partners LP is 19.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cheniere Energy Partners LP (CQP)?
The operating margin of Cheniere Energy Partners LP is 31.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cheniere Energy Partners LP (CQP)?
Revenue at Cheniere Energy Partners LP is growing +7.1% versus a year earlier (3y avg −14.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cheniere Energy Partners LP (CQP)?
Earnings per share at Cheniere Energy Partners LP are growing +26.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Cheniere Energy Partners LP (CQP) carry?
The net debt of Cheniere Energy Partners LP is $14.5B (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Cheniere Energy Partners LP in the live analysis
One click puts Cheniere Energy Partners LP on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 9, 2026