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American Electric Power（AEP）与Cheniere Energy Partners, L.P.（CQP）财务数据对比。点击上方公司名可切换其他公司
American Electric Power的季度营收约是Cheniere Energy Partners, L.P.的1.7倍（$5.1B vs $2.9B）。Cheniere Energy Partners, L.P.净利率更高（44.2% vs 12.0%，领先32.2%）。Cheniere Energy Partners, L.P.同比增速更快（18.3% vs 6.2%）。过去两年Cheniere Energy Partners, L.P.的营收复合增速更高（12.6% vs -0.3%）
AEP是美国知名电力公用事业控股企业，业务覆盖发电、输电、配电全链条，面向美国境内零售及批发客户销售电力。公司下设垂直整合公用事业、输配电、输电控股、发电与营销四大业务板块，采用煤炭、天然气、核电、水电、光伏、风电等多种能源发电。
本公司为油气领域经营主体，营收数据以十亿美元为统计单位，通常由企业自行披露，同时也会由中立可靠的权威媒体公开报道。受汇率波动、合同结算、年中产品或服务调整等因素影响，已发布数据后续可能进行修订或重述。除特殊说明外，财年区间为每年1月1日至12月31日。
AEP vs CQP — 直观对比
营收规模更大
AEP
是对方的1.7倍
$2.9B
营收增速更快
CQP
高出12.1%
6.2%
净利率更高
CQP
高出32.2%
12.0%
两年增速更快
CQP
近两年复合增速
-0.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $2.9B |
| 净利润 | $605.2M | $1.3B |
| 毛利率 | — | — |
| 营业利润率 | 22.1% | 50.5% |
| 净利率 | 12.0% | 44.2% |
| 营收同比 | 6.2% | 18.3% |
| 净利润同比 | -9.1% | 106.6% |
| 每股收益（稀释后） | $1.06 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AEPCQP
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $6.0B | $2.4B | ||
| Q2 25 | $5.1B | $2.5B | ||
| Q1 25 | $5.6B | $3.0B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $5.5B | $2.1B | ||
| Q2 24 | $4.7B | $1.9B | ||
| Q1 24 | $5.1B | $2.3B |
净利润AEPCQP
| Q4 25 | $605.2M | $1.3B | ||
| Q3 25 | $1.0B | $506.0M | ||
| Q2 25 | $1.3B | $553.0M | ||
| Q1 25 | $802.2M | $641.0M | ||
| Q4 24 | $665.9M | $623.0M | ||
| Q3 24 | $961.7M | $635.0M | ||
| Q2 24 | $342.5M | $570.0M | ||
| Q1 24 | $1.0B | $682.0M |
营业利润率AEPCQP
| Q4 25 | 22.1% | 50.5% | ||
| Q3 25 | 25.5% | 29.0% | ||
| Q2 25 | 27.7% | 29.1% | ||
| Q1 25 | 22.8% | 27.6% | ||
| Q4 24 | 23.0% | 33.0% | ||
| Q3 24 | 24.7% | 40.2% | ||
| Q2 24 | 14.7% | 40.4% | ||
| Q1 24 | 23.1% | 38.1% |
净利率AEPCQP
| Q4 25 | 12.0% | 44.2% | ||
| Q3 25 | 16.8% | 21.0% | ||
| Q2 25 | 25.5% | 22.5% | ||
| Q1 25 | 14.2% | 21.4% | ||
| Q4 24 | 14.0% | 25.3% | ||
| Q3 24 | 17.6% | 30.9% | ||
| Q2 24 | 7.4% | 30.1% | ||
| Q1 24 | 19.8% | 29.7% |
每股收益（稀释后）AEPCQP
| Q4 25 | $1.06 | — | ||
| Q3 25 | $1.81 | — | ||
| Q2 25 | $2.29 | — | ||
| Q1 25 | $1.50 | — | ||
| Q4 24 | $1.24 | — | ||
| Q3 24 | $1.80 | — | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $1.90 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $417.0M | $182.0M |
| 总债务越低越好 | $47.3B | $14.2B |
| 股东权益账面价值 | $31.1B | — |
| 总资产 | $114.5B | $17.4B |
| 负债/权益比越低杠杆越低 | 1.52× | — |
8季度趋势，按日历期对齐
现金及短期投资AEPCQP
| Q4 25 | $417.0M | $182.0M | ||
| Q3 25 | $1.3B | $121.0M | ||
| Q2 25 | $439.3M | $108.0M | ||
| Q1 25 | $463.6M | $94.0M | ||
| Q4 24 | $418.3M | $270.0M | ||
| Q3 24 | $474.4M | $331.0M | ||
| Q2 24 | $428.2M | $351.0M | ||
| Q1 24 | $447.7M | $333.0M |
总债务AEPCQP
| Q4 25 | $47.3B | $14.2B | ||
| Q3 25 | $46.1B | $14.2B | ||
| Q2 25 | $44.5B | $14.2B | ||
| Q1 25 | $43.0B | $14.7B | ||
| Q4 24 | $42.6B | $14.8B | ||
| Q3 24 | $42.0B | $14.8B | ||
| Q2 24 | $42.1B | $14.8B | ||
| Q1 24 | $39.8B | $13.6B |
股东权益AEPCQP
| Q4 25 | $31.1B | — | ||
| Q3 25 | $30.4B | — | ||
| Q2 25 | $29.9B | — | ||
| Q1 25 | $27.3B | — | ||
| Q4 24 | $26.9B | — | ||
| Q3 24 | $26.6B | — | ||
| Q2 24 | $26.1B | — | ||
| Q1 24 | $25.8B | — |
总资产AEPCQP
| Q4 25 | $114.5B | $17.4B | ||
| Q3 25 | $110.3B | $16.8B | ||
| Q2 25 | $107.8B | $16.9B | ||
| Q1 25 | $104.4B | $17.1B | ||
| Q4 24 | $103.1B | $17.5B | ||
| Q3 24 | $100.1B | $17.4B | ||
| Q2 24 | $99.6B | $17.5B | ||
| Q1 24 | $97.7B | $17.5B |
负债/权益比AEPCQP
| Q4 25 | 1.52× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.58× | — | ||
| Q3 24 | 1.58× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 1.54× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.8B | $887.0M |
| 自由现金流经营现金流 - 资本支出 | — | $864.0M |
| 自由现金流率自由现金流/营收 | — | 29.7% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 3.00× | 0.69× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流AEPCQP
| Q4 25 | $1.8B | $887.0M | ||
| Q3 25 | $2.5B | $658.0M | ||
| Q2 25 | $1.2B | $558.0M | ||
| Q1 25 | $1.4B | $665.0M | ||
| Q4 24 | $1.7B | $876.0M | ||
| Q3 24 | $2.2B | $691.0M | ||
| Q2 24 | $1.5B | $732.0M | ||
| Q1 24 | $1.4B | $669.0M |
自由现金流AEPCQP
| Q4 25 | — | $864.0M | ||
| Q3 25 | $2.2B | $610.0M | ||
| Q2 25 | — | $490.0M | ||
| Q1 25 | — | $605.0M | ||
| Q4 24 | — | $827.0M | ||
| Q3 24 | — | $652.0M | ||
| Q2 24 | — | $702.0M | ||
| Q1 24 | — | $633.0M |
自由现金流率AEPCQP
| Q4 25 | — | 29.7% | ||
| Q3 25 | 36.3% | 25.4% | ||
| Q2 25 | — | 20.0% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 37.1% | ||
| Q1 24 | — | 27.6% |
资本支出强度AEPCQP
| Q4 25 | — | 0.8% | ||
| Q3 25 | 5.0% | 2.0% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 0.0% | 1.9% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.6% |
现金转化率AEPCQP
| Q4 25 | 3.00× | 0.69× | ||
| Q3 25 | 2.46× | 1.30× | ||
| Q2 25 | 0.95× | 1.01× | ||
| Q1 25 | 1.81× | 1.04× | ||
| Q4 24 | 2.59× | 1.41× | ||
| Q3 24 | 2.26× | 1.09× | ||
| Q2 24 | 4.27× | 1.28× | ||
| Q1 24 | 1.43× | 0.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AEP
| Transmissionand Distribution Utilities Revenues | $1.5B | 29% |
| Electric Generation Transmission Distribution Revenues | $956.6M | 19% |
| Electricity Transmission And Distribution Revenues | $931.8M | 18% |
| Industrial | $685.8M | 14% |
| Marketing Competitive Retailand Renewable | $438.3M | 9% |
| Wholesale Generation | $231.1M | 5% |
| Wholesale Transmission | $113.6M | 2% |
| Other | $110.2M | 2% |
| Electric Transmission | $103.4M | 2% |
| Other Retail | $60.1M | 1% |
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
