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Side-by-side financial comparison of Cheniere Energy Partners, L.P. (CQP) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $3.6B, roughly 1.7× Cheniere Energy Partners, L.P.). Union Pacific Corporation runs the higher net margin — 27.4% vs 5.2%, a 22.2% gap on every dollar of revenue. On growth, Cheniere Energy Partners, L.P. posted the faster year-over-year revenue change (20.4% vs 3.2%). Over the past eight quarters, Cheniere Energy Partners, L.P.'s revenue compounded faster (37.9% CAGR vs 1.7%).
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 ...
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
CQP vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $6.2B |
| Net Profit | $186.0M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 10.0% | 39.5% |
| Net Margin | 5.2% | 27.4% |
| Revenue YoY | 20.4% | 3.2% |
| Net Profit YoY | — | -2.1% |
| EPS (diluted) | — | $2.87 |
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.
| Q1 26 | $3.6B | $6.2B | ||
| Q4 25 | $2.9B | $6.1B | ||
| Q3 25 | $2.4B | $6.2B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $3.0B | $6.0B | ||
| Q4 24 | $2.5B | $6.1B | ||
| Q3 24 | $2.1B | $6.1B | ||
| Q2 24 | $1.9B | $6.0B |
| Q1 26 | $186.0M | $1.7B | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $506.0M | $1.8B | ||
| Q2 25 | $553.0M | $1.9B | ||
| Q1 25 | $641.0M | $1.6B | ||
| Q4 24 | $623.0M | $1.8B | ||
| Q3 24 | $635.0M | $1.7B | ||
| Q2 24 | $570.0M | $1.7B |
| Q1 26 | 10.0% | 39.5% | ||
| Q4 25 | 50.5% | 39.5% | ||
| Q3 25 | 29.0% | 40.8% | ||
| Q2 25 | 29.1% | 41.0% | ||
| Q1 25 | 27.6% | 39.3% | ||
| Q4 24 | 33.0% | 41.3% | ||
| Q3 24 | 40.2% | 39.7% | ||
| Q2 24 | 40.4% | 40.0% |
| Q1 26 | 5.2% | 27.4% | ||
| Q4 25 | 44.2% | 30.4% | ||
| Q3 25 | 21.0% | 28.6% | ||
| Q2 25 | 22.5% | 30.5% | ||
| Q1 25 | 21.4% | 27.0% | ||
| Q4 24 | 25.3% | 28.8% | ||
| Q3 24 | 30.9% | 27.4% | ||
| Q2 24 | 30.1% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | — | $3.12 | ||
| Q3 25 | — | $3.01 | ||
| Q2 25 | — | $3.15 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.91 | ||
| Q3 24 | — | $2.75 | ||
| Q2 24 | — | $2.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $279.0M | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $17.1B | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $279.0M | $735.0M | ||
| Q4 25 | $182.0M | $1.3B | ||
| Q3 25 | $121.0M | $808.0M | ||
| Q2 25 | $108.0M | $1.1B | ||
| Q1 25 | $94.0M | $1.4B | ||
| Q4 24 | $270.0M | $1.0B | ||
| Q3 24 | $331.0M | $947.0M | ||
| Q2 24 | $351.0M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $14.2B | $30.3B | ||
| Q3 25 | $14.2B | $30.3B | ||
| Q2 25 | $14.2B | $30.3B | ||
| Q1 25 | $14.7B | $30.6B | ||
| Q4 24 | $14.8B | $29.8B | ||
| Q3 24 | $14.8B | $29.8B | ||
| Q2 24 | $14.8B | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | $18.5B | ||
| Q3 25 | — | $17.3B | ||
| Q2 25 | — | $16.3B | ||
| Q1 25 | — | $16.0B | ||
| Q4 24 | — | $16.9B | ||
| Q3 24 | — | $16.6B | ||
| Q2 24 | — | $16.5B |
| Q1 26 | $17.1B | $69.6B | ||
| Q4 25 | $17.4B | $69.7B | ||
| Q3 25 | $16.8B | $68.6B | ||
| Q2 25 | $16.9B | $68.6B | ||
| Q1 25 | $17.1B | $68.5B | ||
| Q4 24 | $17.5B | $67.7B | ||
| Q3 24 | $17.4B | $67.6B | ||
| Q2 24 | $17.5B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $631.0M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $887.0M | $2.2B | ||
| Q3 25 | $658.0M | $2.5B | ||
| Q2 25 | $558.0M | $2.3B | ||
| Q1 25 | $665.0M | $2.2B | ||
| Q4 24 | $876.0M | $2.7B | ||
| Q3 24 | $691.0M | $2.7B | ||
| Q2 24 | $732.0M | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $864.0M | $1.2B | ||
| Q3 25 | $610.0M | $1.6B | ||
| Q2 25 | $490.0M | $1.4B | ||
| Q1 25 | $605.0M | $1.3B | ||
| Q4 24 | $827.0M | $1.7B | ||
| Q3 24 | $652.0M | $1.8B | ||
| Q2 24 | $702.0M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 29.7% | 20.1% | ||
| Q3 25 | 25.4% | 25.2% | ||
| Q2 25 | 20.0% | 22.7% | ||
| Q1 25 | 20.2% | 21.6% | ||
| Q4 24 | 33.6% | 28.4% | ||
| Q3 24 | 31.7% | 29.9% | ||
| Q2 24 | 37.1% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 16.4% | ||
| Q3 25 | 2.0% | 15.2% | ||
| Q2 25 | 2.8% | 15.2% | ||
| Q1 25 | 2.0% | 15.0% | ||
| Q4 24 | 2.0% | 15.1% | ||
| Q3 24 | 1.9% | 13.6% | ||
| Q2 24 | 1.6% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | 1.20× | ||
| Q3 25 | 1.30× | 1.41× | ||
| Q2 25 | 1.01× | 1.24× | ||
| Q1 25 | 1.04× | 1.36× | ||
| Q4 24 | 1.41× | 1.51× | ||
| Q3 24 | 1.09× | 1.59× | ||
| Q2 24 | 1.28× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CQP
| LNG revenues | $2.7B | 75% |
| LNG revenues-affiliate | $846.0M | 24% |
| Regasification revenues | $34.0M | 1% |
| Other revenues | $17.0M | 0% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
