vs
Atmos Energy（ATO）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
Cheniere Energy Partners, L.P.的季度营收约是Atmos Energy的2.2倍（$2.9B vs $1.3B）。Cheniere Energy Partners, L.P.净利率更高（44.2% vs 30.0%，领先14.2%）。Cheniere Energy Partners, L.P.同比增速更快（18.3% vs 14.2%）。Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $-725.3M）。过去两年Cheniere Energy Partners, L.P.的营收复合增速更高（12.6% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs CQP — 直观对比
营收规模更大
CQP
是对方的2.2倍
$1.3B
营收增速更快
CQP
高出4.1%
14.2%
净利率更高
CQP
高出14.2%
30.0%
自由现金流更多
CQP
多$1.6B
$-725.3M
两年增速更快
CQP
近两年复合增速
-9.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.9B |
| 净利润 | $403.0M | $1.3B |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | 50.5% |
| 净利率 | 30.0% | 44.2% |
| 营收同比 | 14.2% | 18.3% |
| 净利润同比 | 14.5% | 106.6% |
| 每股收益（稀释后） | $2.44 | — |
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ATOCQP
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $737.5M | $2.4B | ||
| Q2 25 | $838.8M | $2.5B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $657.9M | $2.1B | ||
| Q2 24 | $701.5M | $1.9B | ||
| Q1 24 | $1.6B | $2.3B |
净利润ATOCQP
| Q4 25 | $403.0M | $1.3B | ||
| Q3 25 | $174.9M | $506.0M | ||
| Q2 25 | $186.4M | $553.0M | ||
| Q1 25 | $485.6M | $641.0M | ||
| Q4 24 | $351.9M | $623.0M | ||
| Q3 24 | $134.0M | $635.0M | ||
| Q2 24 | $165.6M | $570.0M | ||
| Q1 24 | $432.0M | $682.0M |
毛利率ATOCQP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.1% | — |
营业利润率ATOCQP
| Q4 25 | 38.3% | 50.5% | ||
| Q3 25 | 29.8% | 29.0% | ||
| Q2 25 | 30.1% | 29.1% | ||
| Q1 25 | 32.2% | 27.6% | ||
| Q4 24 | 39.1% | 33.0% | ||
| Q3 24 | 28.1% | 40.2% | ||
| Q2 24 | 31.4% | 40.4% | ||
| Q1 24 | 33.4% | 38.1% |
净利率ATOCQP
| Q4 25 | 30.0% | 44.2% | ||
| Q3 25 | 23.7% | 21.0% | ||
| Q2 25 | 22.2% | 22.5% | ||
| Q1 25 | 24.9% | 21.4% | ||
| Q4 24 | 29.9% | 25.3% | ||
| Q3 24 | 20.4% | 30.9% | ||
| Q2 24 | 23.6% | 30.1% | ||
| Q1 24 | 26.2% | 29.7% |
每股收益（稀释后）ATOCQP
| Q4 25 | $2.44 | — | ||
| Q3 25 | $1.04 | — | ||
| Q2 25 | $1.16 | — | ||
| Q1 25 | $3.03 | — | ||
| Q4 24 | $2.23 | — | ||
| Q3 24 | $0.82 | — | ||
| Q2 24 | $1.08 | — | ||
| Q1 24 | $2.85 | — |
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 | $367.0M | $182.0M |
| 总债务越低越好 | $9.6B | $14.2B |
| 股东权益账面价值 | $14.3B | — |
| 总资产 | $29.8B | $17.4B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资ATOCQP
| Q4 25 | $367.0M | $182.0M | ||
| Q3 25 | $202.7M | $121.0M | ||
| Q2 25 | $709.4M | $108.0M | ||
| Q1 25 | $543.5M | $94.0M | ||
| Q4 24 | $584.5M | $270.0M | ||
| Q3 24 | $307.3M | $331.0M | ||
| Q2 24 | $674.6M | $351.0M | ||
| Q1 24 | $262.5M | $333.0M |
总债务ATOCQP
| Q4 25 | $9.6B | $14.2B | ||
| Q3 25 | $8.9B | $14.2B | ||
| Q2 25 | $8.9B | $14.2B | ||
| Q1 25 | $8.4B | $14.7B | ||
| Q4 24 | $8.4B | $14.8B | ||
| Q3 24 | $7.8B | $14.8B | ||
| Q2 24 | $7.8B | $14.8B | ||
| Q1 24 | $7.4B | $13.6B |
股东权益ATOCQP
| Q4 25 | $14.3B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.4B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.8B | — | ||
| Q3 24 | $12.2B | — | ||
| Q2 24 | $12.2B | — | ||
| Q1 24 | $11.6B | — |
总资产ATOCQP
| Q4 25 | $29.8B | $17.4B | ||
| Q3 25 | $28.2B | $16.8B | ||
| Q2 25 | $27.7B | $16.9B | ||
| Q1 25 | $27.0B | $17.1B | ||
| Q4 24 | $26.5B | $17.5B | ||
| Q3 24 | $25.2B | $17.4B | ||
| Q2 24 | $24.9B | $17.5B | ||
| Q1 24 | $24.0B | $17.5B |
负债/权益比ATOCQP
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.64× | — |
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 | $308.1M | $887.0M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $864.0M |
| 自由现金流率自由现金流/营收 | -54.0% | 29.7% |
| 资本支出强度资本支出/营收 | 77.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.76× | 0.69× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $2.6B |
8季度趋势，按日历期对齐
经营现金流ATOCQP
| Q4 25 | $308.1M | $887.0M | ||
| Q3 25 | $348.1M | $658.0M | ||
| Q2 25 | $496.4M | $558.0M | ||
| Q1 25 | $922.9M | $665.0M | ||
| Q4 24 | $282.0M | $876.0M | ||
| Q3 24 | $330.7M | $691.0M | ||
| Q2 24 | $411.2M | $732.0M | ||
| Q1 24 | $746.6M | $669.0M |
自由现金流ATOCQP
| Q4 25 | $-725.3M | $864.0M | ||
| Q3 25 | $-615.5M | $610.0M | ||
| Q2 25 | $-370.6M | $490.0M | ||
| Q1 25 | $83.3M | $605.0M | ||
| Q4 24 | $-609.2M | $827.0M | ||
| Q3 24 | $-477.3M | $652.0M | ||
| Q2 24 | $-302.4M | $702.0M | ||
| Q1 24 | $100.7M | $633.0M |
自由现金流率ATOCQP
| Q4 25 | -54.0% | 29.7% | ||
| Q3 25 | -83.5% | 25.4% | ||
| Q2 25 | -44.2% | 20.0% | ||
| Q1 25 | 4.3% | 20.2% | ||
| Q4 24 | -51.8% | 33.6% | ||
| Q3 24 | -72.5% | 31.7% | ||
| Q2 24 | -43.1% | 37.1% | ||
| Q1 24 | 6.1% | 27.6% |
资本支出强度ATOCQP
| Q4 25 | 77.0% | 0.8% | ||
| Q3 25 | 130.7% | 2.0% | ||
| Q2 25 | 103.4% | 2.8% | ||
| Q1 25 | 43.0% | 2.0% | ||
| Q4 24 | 75.8% | 2.0% | ||
| Q3 24 | 122.8% | 1.9% | ||
| Q2 24 | 101.7% | 1.6% | ||
| Q1 24 | 39.2% | 1.6% |
现金转化率ATOCQP
| Q4 25 | 0.76× | 0.69× | ||
| Q3 25 | 1.99× | 1.30× | ||
| Q2 25 | 2.66× | 1.01× | ||
| Q1 25 | 1.90× | 1.04× | ||
| Q4 24 | 0.80× | 1.41× | ||
| Q3 24 | 2.47× | 1.09× | ||
| Q2 24 | 2.48× | 1.28× | ||
| Q1 24 | 1.73× | 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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
