CQP Q1 2025 Earnings
Reported May 8, 2025 at 7:32 AM ET · SEC Source
Q1 25 EPS
$1.08
MISS 3.77%
Est. $1.12
Q1 25 Revenue
$2.99B
BEAT +9.32%
Est. $2.73B
vs S&P Since Q1 25
-3.0%
TRAILING MARKET
CQP +24.6% vs S&P +27.5%
Market Reaction
Did CQP Beat Earnings? Q1 2025 Results
Cheniere Energy Partners delivered a mixed first quarter for 2025, posting strong top-line growth while falling just short on the bottom line. Revenue climbed 30.2% year-over-year to $2.99 billion, clearing the $2.73 billion consensus estimate by 9.3… Read more Cheniere Energy Partners delivered a mixed first quarter for 2025, posting strong top-line growth while falling just short on the bottom line. Revenue climbed 30.2% year-over-year to $2.99 billion, clearing the $2.73 billion consensus estimate by 9.32%, as higher LNG revenue from both third-party and affiliate customers powered the surge. Earnings per unit came in at $1.08, however, missing the $1.12 analyst consensus by 3.77%, with net income slipping 6% to $641 million, weighed down by roughly $84 million in unfavorable fair-value swings tied to derivative instruments, including those linked to long-term Integrated Production Marketing agreements. Adjusted EBITDA rose 4% to $1.04 billion on stronger per-unit margins, even as LNG export volumes dipped modestly to 112 cargoes. Looking ahead, management reconfirmed full-year 2025 distribution guidance of $3.25 to $3.35 per common unit, anchored by a $3.10 base, while the SPL Expansion Project, targeting up to 20 mtpa of additional capacity, continues to advance through federal regulatory review.
Key Takeaways
- • Higher total margins per MMBtu of LNG delivered drove Adjusted EBITDA increase
- • 30% revenue growth year-over-year driven by higher LNG revenues
- • Unfavorable $84 million derivative fair value variances reduced net income year-over-year
CQP YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CQP Revenue by Segment
With YoY comparisons, source: SEC Filings
CQP Earnings Trends
CQP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CQP EPS Trend
Earnings per share: estimate vs actual
CQP Revenue Trend
Quarterly revenue: estimate vs actual
CQP Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.10 | $2.38 | +116.36% | $2.91B | +0.51% |
| FY Full Year | $4.14 | $5.17 | +24.78% | $10.76B | +0.14% |
| Q3 25 MISS | $1.11 | $0.80 | -28.09% | $2.40B | -3.74% |
| Q2 25 MISS | $0.96 | $0.91 | -5.29% | $2.46B | -2.31% |
| Q1 25 MISS | $1.12 | $1.08 | -3.77% | $2.99B | +9.32% |