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Cheniere Energy Partners, L.P.（CQP）与NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的4.6倍（$2.9B vs $637.9M）。Cheniere Energy Partners, L.P.净利率更高（44.2% vs 28.5%，领先15.7%）。NATIONAL FUEL GAS CO同比增速更快（24.1% vs 18.3%）。Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $-2.7M）。过去两年Cheniere Energy Partners, L.P.的营收复合增速更高（12.6% vs 6.9%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
CQP vs NFG — 直观对比
营收规模更大
CQP
是对方的4.6倍
$637.9M
营收增速更快
NFG
高出5.8%
18.3%
净利率更高
CQP
高出15.7%
28.5%
自由现金流更多
CQP
多$866.7M
$-2.7M
两年增速更快
CQP
近两年复合增速
6.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $637.9M |
| 净利润 | $1.3B | $181.6M |
| 毛利率 | — | 86.6% |
| 营业利润率 | 50.5% | 43.3% |
| 净利率 | 44.2% | 28.5% |
| 营收同比 | 18.3% | 24.1% |
| 净利润同比 | 106.6% | 303.8% |
| 每股收益（稀释后） | — | $1.98 |
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CQPNFG
| Q4 25 | $2.9B | $637.9M | ||
| Q3 25 | $2.4B | $443.1M | ||
| Q2 25 | $2.5B | $527.4M | ||
| Q1 25 | $3.0B | $734.8M | ||
| Q4 24 | $2.5B | $513.8M | ||
| Q3 24 | $2.1B | $310.0M | ||
| Q2 24 | $1.9B | $338.6M | ||
| Q1 24 | $2.3B | $558.7M |
净利润CQPNFG
| Q4 25 | $1.3B | $181.6M | ||
| Q3 25 | $506.0M | $107.3M | ||
| Q2 25 | $553.0M | $149.8M | ||
| Q1 25 | $641.0M | $216.4M | ||
| Q4 24 | $623.0M | $45.0M | ||
| Q3 24 | $635.0M | $-167.6M | ||
| Q2 24 | $570.0M | $-54.2M | ||
| Q1 24 | $682.0M | $166.3M |
毛利率CQPNFG
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% | ||
| Q1 24 | — | 81.0% |
营业利润率CQPNFG
| Q4 25 | 50.5% | 43.3% | ||
| Q3 25 | 29.0% | 40.6% | ||
| Q2 25 | 29.1% | 43.7% | ||
| Q1 25 | 27.6% | 43.2% | ||
| Q4 24 | 33.0% | 16.8% | ||
| Q3 24 | 40.2% | -63.4% | ||
| Q2 24 | 40.4% | -15.2% | ||
| Q1 24 | 38.1% | 44.9% |
净利率CQPNFG
| Q4 25 | 44.2% | 28.5% | ||
| Q3 25 | 21.0% | 24.2% | ||
| Q2 25 | 22.5% | 28.4% | ||
| Q1 25 | 21.4% | 29.4% | ||
| Q4 24 | 25.3% | 8.8% | ||
| Q3 24 | 30.9% | -54.1% | ||
| Q2 24 | 30.1% | -16.0% | ||
| Q1 24 | 29.7% | 29.8% |
每股收益（稀释后）CQPNFG
| Q4 25 | — | $1.98 | ||
| Q3 25 | — | $1.18 | ||
| Q2 25 | — | $1.64 | ||
| Q1 25 | — | $2.37 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.59 | ||
| Q1 24 | — | $1.80 |
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 | $182.0M | $271.4M |
| 总债务越低越好 | $14.2B | $2.7B |
| 股东权益账面价值 | — | $3.6B |
| 总资产 | $17.4B | $9.2B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资CQPNFG
| Q4 25 | $182.0M | $271.4M | ||
| Q3 25 | $121.0M | $43.2M | ||
| Q2 25 | $108.0M | $39.3M | ||
| Q1 25 | $94.0M | $40.0M | ||
| Q4 24 | $270.0M | $48.7M | ||
| Q3 24 | $331.0M | $38.2M | ||
| Q2 24 | $351.0M | $81.4M | ||
| Q1 24 | $333.0M | $50.8M |
总债务CQPNFG
| Q4 25 | $14.2B | $2.7B | ||
| Q3 25 | $14.2B | $2.7B | ||
| Q2 25 | $14.2B | $2.7B | ||
| Q1 25 | $14.7B | $2.7B | ||
| Q4 24 | $14.8B | $2.7B | ||
| Q3 24 | $14.8B | $2.7B | ||
| Q2 24 | $14.8B | $2.7B | ||
| Q1 24 | $13.6B | $2.4B |
股东权益CQPNFG
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $-76.2M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $75.3M |
总资产CQPNFG
| Q4 25 | $17.4B | $9.2B | ||
| Q3 25 | $16.8B | $8.7B | ||
| Q2 25 | $16.9B | $8.4B | ||
| Q1 25 | $17.1B | $8.5B | ||
| Q4 24 | $17.5B | $8.3B | ||
| Q3 24 | $17.4B | $8.3B | ||
| Q2 24 | $17.5B | $8.5B | ||
| Q1 24 | $17.5B | $8.7B |
负债/权益比CQPNFG
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× | ||
| Q1 24 | — | 31.68× |
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 | $887.0M | $274.9M |
| 自由现金流经营现金流 - 资本支出 | $864.0M | $-2.7M |
| 自由现金流率自由现金流/营收 | 29.7% | -0.4% |
| 资本支出强度资本支出/营收 | 0.8% | 43.5% |
| 现金转化率经营现金流/净利润 | 0.69× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $204.8M |
8季度趋势，按日历期对齐
经营现金流CQPNFG
| Q4 25 | $887.0M | $274.9M | ||
| Q3 25 | $658.0M | $237.8M | ||
| Q2 25 | $558.0M | $388.4M | ||
| Q1 25 | $665.0M | $253.8M | ||
| Q4 24 | $876.0M | $220.1M | ||
| Q3 24 | $691.0M | $197.9M | ||
| Q2 24 | $732.0M | $281.8M | ||
| Q1 24 | $669.0M | $315.3M |
自由现金流CQPNFG
| Q4 25 | $864.0M | $-2.7M | ||
| Q3 25 | $610.0M | $-47.8M | ||
| Q2 25 | $490.0M | $195.3M | ||
| Q1 25 | $605.0M | $59.9M | ||
| Q4 24 | $827.0M | $-20.3M | ||
| Q3 24 | $652.0M | $-49.1M | ||
| Q2 24 | $702.0M | $79.5M | ||
| Q1 24 | $633.0M | $80.3M |
自由现金流率CQPNFG
| Q4 25 | 29.7% | -0.4% | ||
| Q3 25 | 25.4% | -10.8% | ||
| Q2 25 | 20.0% | 37.0% | ||
| Q1 25 | 20.2% | 8.2% | ||
| Q4 24 | 33.6% | -4.0% | ||
| Q3 24 | 31.7% | -15.8% | ||
| Q2 24 | 37.1% | 23.5% | ||
| Q1 24 | 27.6% | 14.4% |
资本支出强度CQPNFG
| Q4 25 | 0.8% | 43.5% | ||
| Q3 25 | 2.0% | 64.4% | ||
| Q2 25 | 2.8% | 36.6% | ||
| Q1 25 | 2.0% | 26.4% | ||
| Q4 24 | 2.0% | 46.8% | ||
| Q3 24 | 1.9% | 79.7% | ||
| Q2 24 | 1.6% | 59.7% | ||
| Q1 24 | 1.6% | 42.1% |
现金转化率CQPNFG
| Q4 25 | 0.69× | 1.51× | ||
| Q3 25 | 1.30× | 2.21× | ||
| Q2 25 | 1.01× | 2.59× | ||
| Q1 25 | 1.04× | 1.17× | ||
| Q4 24 | 1.41× | 4.89× | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | 1.90× |
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
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
