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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.
Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($2.9B vs $1.8B, roughly 1.6× CVR ENERGY INC). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs -6.1%, a 50.3% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (18.3% vs -7.0%). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs -1.4%).
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by companies, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has ...
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
CQP vs CVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.8B |
| Net Profit | $1.3B | $-110.0M |
| Gross Margin | — | -3.1% |
| Operating Margin | 50.5% | -5.3% |
| Net Margin | 44.2% | -6.1% |
| Revenue YoY | 18.3% | -7.0% |
| Net Profit YoY | 106.6% | -492.9% |
| EPS (diluted) | — | $-1.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.4B | $1.9B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $2.5B | $1.9B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $1.9B | $2.0B | ||
| Q1 24 | $2.3B | $1.9B |
| Q4 25 | $1.3B | $-110.0M | ||
| Q3 25 | $506.0M | $374.0M | ||
| Q2 25 | $553.0M | $-114.0M | ||
| Q1 25 | $641.0M | $-123.0M | ||
| Q4 24 | $623.0M | $28.0M | ||
| Q3 24 | $635.0M | $-124.0M | ||
| Q2 24 | $570.0M | $21.0M | ||
| Q1 24 | $682.0M | $82.0M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | 50.5% | -5.3% | ||
| Q3 25 | 29.0% | 26.3% | ||
| Q2 25 | 29.1% | -5.8% | ||
| Q1 25 | 27.6% | -8.0% | ||
| Q4 24 | 33.0% | 1.1% | ||
| Q3 24 | 40.2% | -6.2% | ||
| Q2 24 | 40.4% | 1.4% | ||
| Q1 24 | 38.1% | 6.6% |
| Q4 25 | 44.2% | -6.1% | ||
| Q3 25 | 21.0% | 19.2% | ||
| Q2 25 | 22.5% | -6.5% | ||
| Q1 25 | 21.4% | -7.5% | ||
| Q4 24 | 25.3% | 1.4% | ||
| Q3 24 | 30.9% | -6.8% | ||
| Q2 24 | 30.1% | 1.1% | ||
| Q1 24 | 29.7% | 4.4% |
| Q4 25 | — | $-1.09 | ||
| Q3 25 | — | $3.72 | ||
| Q2 25 | — | $-1.14 | ||
| Q1 25 | — | $-1.22 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $-1.24 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $182.0M | $511.0M |
| Total DebtLower is stronger | $14.2B | $1.8B |
| Stockholders' EquityBook value | — | $730.0M |
| Total Assets | $17.4B | $3.7B |
| Debt / EquityLower = less leverage | — | 2.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.0M | $511.0M | ||
| Q3 25 | $121.0M | $670.0M | ||
| Q2 25 | $108.0M | $596.0M | ||
| Q1 25 | $94.0M | $695.0M | ||
| Q4 24 | $270.0M | $987.0M | ||
| Q3 24 | $331.0M | $534.0M | ||
| Q2 24 | $351.0M | $586.0M | ||
| Q1 24 | $333.0M | $644.0M |
| Q4 25 | $14.2B | $1.8B | ||
| Q3 25 | $14.2B | $1.8B | ||
| Q2 25 | $14.2B | $1.8B | ||
| Q1 25 | $14.7B | $1.9B | ||
| Q4 24 | $14.8B | $1.9B | ||
| Q3 24 | $14.8B | $1.6B | ||
| Q2 24 | $14.8B | $1.6B | ||
| Q1 24 | $13.6B | $1.6B |
| Q4 25 | — | $730.0M | ||
| Q3 25 | — | $840.0M | ||
| Q2 25 | — | $466.0M | ||
| Q1 25 | — | $580.0M | ||
| Q4 24 | — | $703.0M | ||
| Q3 24 | — | $675.0M | ||
| Q2 24 | — | $849.0M | ||
| Q1 24 | — | $879.0M |
| Q4 25 | $17.4B | $3.7B | ||
| Q3 25 | $16.8B | $4.0B | ||
| Q2 25 | $16.9B | $4.0B | ||
| Q1 25 | $17.1B | $4.3B | ||
| Q4 24 | $17.5B | $4.3B | ||
| Q3 24 | $17.4B | $3.9B | ||
| Q2 24 | $17.5B | $4.0B | ||
| Q1 24 | $17.5B | $4.1B |
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.79× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $887.0M | $0 |
| Free Cash FlowOCF − Capex | $864.0M | — |
| FCF MarginFCF / Revenue | 29.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $887.0M | $0 | ||
| Q3 25 | $658.0M | $163.0M | ||
| Q2 25 | $558.0M | $176.0M | ||
| Q1 25 | $665.0M | $-195.0M | ||
| Q4 24 | $876.0M | $98.0M | ||
| Q3 24 | $691.0M | $48.0M | ||
| Q2 24 | $732.0M | $81.0M | ||
| Q1 24 | $669.0M | $177.0M |
| Q4 25 | $864.0M | — | ||
| Q3 25 | $610.0M | $125.0M | ||
| Q2 25 | $490.0M | $135.0M | ||
| Q1 25 | $605.0M | $-246.0M | ||
| Q4 24 | $827.0M | $43.0M | ||
| Q3 24 | $652.0M | $14.0M | ||
| Q2 24 | $702.0M | $38.0M | ||
| Q1 24 | $633.0M | $130.0M |
| Q4 25 | 29.7% | — | ||
| Q3 25 | 25.4% | 6.4% | ||
| Q2 25 | 20.0% | 7.7% | ||
| Q1 25 | 20.2% | -14.9% | ||
| Q4 24 | 33.6% | 2.2% | ||
| Q3 24 | 31.7% | 0.8% | ||
| Q2 24 | 37.1% | 1.9% | ||
| Q1 24 | 27.6% | 7.0% |
| Q4 25 | 0.8% | 3.0% | ||
| Q3 25 | 2.0% | 2.0% | ||
| Q2 25 | 2.8% | 2.3% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 2.0% | 2.8% | ||
| Q3 24 | 1.9% | 1.9% | ||
| Q2 24 | 1.6% | 2.2% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | 0.44× | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.41× | 3.50× | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | 3.86× | ||
| Q1 24 | 0.98× | 2.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
