MeritValue

Cheniere Energy Partners, L.P.

CQPdata completeness 75%17 fiscal years on file

Data notes: no data for concept 'stockholdersEquity'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$9.44B1$17.2B2$9.66B3$8.7B3$10.8B3
Net income$1.63B4$2.5B5$4.25B6$2.51B6$2.99B6
Operating cash flow$2.29B7$4.15B8$3.11B9$2.97B9$2.77B9
Capital expenditure$648M10$451M11$220M12$154M12$199M12
Free cash flow (derived)$1.64B7$3.7B8$2.89B9$2.81B9$2.57B9
Total debt$34.4B13$32.4B14$31.8B15$30.2B16$28.9B16
Cash & equivalents$876M17$904M18$575M19$270M20$182M20
Diluted shares—————

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 5y

Total debt has fallen 16% — deleveraging.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
no diluted share count — cannot compute per-share value
DCF · Growth Exit 5Y
not applicable
no diluted share count — cannot compute per-share value
Earnings Power Value
not applicable
no diluted share count
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001383650-24-000013 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001383650-25-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001383650-26-000005 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001383650-24-000013 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001383650-25-000007 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001383650-26-000005 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001383650-24-000013 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001383650-25-000007 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001383650-26-000005 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001383650-24-000013 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001383650-25-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001383650-26-000005 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001383650-23-000008 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-12-31 · accession 0001383650-24-000013 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-12-31 · accession 0001383650-25-000007 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-12-31 · accession 0001383650-26-000005 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-12-31 · accession 0001383650-23-000008 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0001383650-24-000013 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0001383650-25-000007 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-12-31 · accession 0001383650-26-000005 (CashAndCashEquivalentsAtCarryingValue)