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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and New Fortress Energy Inc. (NFE). 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 $326.2M, roughly 8.9× New Fortress Energy Inc.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs -259.7%, a 303.9% 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%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $-134.8M). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (12.6% CAGR vs -26.8%).
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 ...
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
CQP vs NFE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $326.2M |
| Net Profit | $1.3B | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 50.5% | -193.0% |
| Net Margin | 44.2% | -259.7% |
| Revenue YoY | 18.3% | -7.0% |
| Net Profit YoY | 106.6% | -277.4% |
| EPS (diluted) | — | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $2.4B | $240.3M | ||
| Q2 25 | $2.5B | $228.1M | ||
| Q1 25 | $3.0B | $384.9M | ||
| Q4 24 | $2.5B | $350.7M | ||
| Q3 24 | $2.1B | $446.0M | ||
| Q2 24 | $1.9B | $291.2M | ||
| Q1 24 | $2.3B | $609.5M |
| Q4 25 | $1.3B | $-847.1M | ||
| Q3 25 | $506.0M | $-263.0M | ||
| Q2 25 | $553.0M | $-546.5M | ||
| Q1 25 | $641.0M | $-175.4M | ||
| Q4 24 | $623.0M | $-224.4M | ||
| Q3 24 | $635.0M | $9.3M | ||
| Q2 24 | $570.0M | $-88.9M | ||
| Q1 24 | $682.0M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 50.5% | -193.0% | ||
| Q3 25 | 29.0% | -37.4% | ||
| Q2 25 | 29.1% | -170.3% | ||
| Q1 25 | 27.6% | -3.3% | ||
| Q4 24 | 33.0% | 65.0% | ||
| Q3 24 | 40.2% | 17.8% | ||
| Q2 24 | 40.4% | 12.3% | ||
| Q1 24 | 38.1% | 30.4% |
| Q4 25 | 44.2% | -259.7% | ||
| Q3 25 | 21.0% | -109.4% | ||
| Q2 25 | 22.5% | -239.6% | ||
| Q1 25 | 21.4% | -45.6% | ||
| Q4 24 | 25.3% | -64.0% | ||
| Q3 24 | 30.9% | 2.1% | ||
| Q2 24 | 30.1% | -30.5% | ||
| Q1 24 | 29.7% | 8.9% |
| Q4 25 | — | $-3.03 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-1.99 | ||
| Q1 25 | — | $-0.65 | ||
| Q4 24 | — | $-1.10 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.42 | ||
| Q1 24 | — | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $14.2B | $8.2B |
| Stockholders' EquityBook value | — | $182.6M |
| Total Assets | $17.4B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $182.0M | $226.5M | ||
| Q3 25 | $121.0M | $145.2M | ||
| Q2 25 | $108.0M | $551.1M | ||
| Q1 25 | $94.0M | $447.9M | ||
| Q4 24 | $270.0M | $492.9M | ||
| Q3 24 | $331.0M | $90.8M | ||
| Q2 24 | $351.0M | $133.0M | ||
| Q1 24 | $333.0M | $143.5M |
| Q4 25 | $14.2B | $8.2B | ||
| Q3 25 | $14.2B | — | ||
| Q2 25 | $14.2B | — | ||
| Q1 25 | $14.7B | — | ||
| Q4 24 | $14.8B | $8.9B | ||
| Q3 24 | $14.8B | — | ||
| Q2 24 | $14.8B | — | ||
| Q1 24 | $13.6B | — |
| Q4 25 | — | $182.6M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $17.4B | $10.6B | ||
| Q3 25 | $16.8B | $12.0B | ||
| Q2 25 | $16.9B | $12.0B | ||
| Q1 25 | $17.1B | $13.1B | ||
| Q4 24 | $17.5B | $12.9B | ||
| Q3 24 | $17.4B | $12.0B | ||
| Q2 24 | $17.5B | $11.4B | ||
| Q1 24 | $17.5B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-76.2M |
| Free Cash FlowOCF − Capex | $864.0M | $-134.8M |
| FCF MarginFCF / Revenue | 29.7% | -41.3% |
| Capex IntensityCapex / Revenue | 0.8% | 18.0% |
| Cash ConversionOCF / Net Profit | 0.69× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $887.0M | $-76.2M | ||
| Q3 25 | $658.0M | $-171.0M | ||
| Q2 25 | $558.0M | $-329.0M | ||
| Q1 25 | $665.0M | $-7.2M | ||
| Q4 24 | $876.0M | $445.3M | ||
| Q3 24 | $691.0M | $-20.0M | ||
| Q2 24 | $732.0M | $113.9M | ||
| Q1 24 | $669.0M | $63.0M |
| Q4 25 | $864.0M | $-134.8M | ||
| Q3 25 | $610.0M | $-231.6M | ||
| Q2 25 | $490.0M | $-726.7M | ||
| Q1 25 | $605.0M | $-262.3M | ||
| Q4 24 | $827.0M | $-210.3M | ||
| Q3 24 | $652.0M | $-367.0M | ||
| Q2 24 | $702.0M | $-493.2M | ||
| Q1 24 | $633.0M | $-457.9M |
| Q4 25 | 29.7% | -41.3% | ||
| Q3 25 | 25.4% | -96.4% | ||
| Q2 25 | 20.0% | -318.6% | ||
| Q1 25 | 20.2% | -68.2% | ||
| Q4 24 | 33.6% | -60.0% | ||
| Q3 24 | 31.7% | -82.3% | ||
| Q2 24 | 37.1% | -169.3% | ||
| Q1 24 | 27.6% | -75.1% |
| Q4 25 | 0.8% | 18.0% | ||
| Q3 25 | 2.0% | 25.2% | ||
| Q2 25 | 2.8% | 174.4% | ||
| Q1 25 | 2.0% | 66.3% | ||
| Q4 24 | 2.0% | 187.0% | ||
| Q3 24 | 1.9% | 77.8% | ||
| Q2 24 | 1.6% | 208.4% | ||
| Q1 24 | 1.6% | 85.5% |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.09× | -2.15× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | 1.16× |
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% |
NFE
Segment breakdown not available.
