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Cheniere Energy Partners, L.P.（CQP）与Northwest Natural Holding Co（NWN）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Northwest Natural Holding Co的7.4倍（$2.9B vs $394.2M）。Cheniere Energy Partners, L.P.同比增速更快（18.3% vs 6.3%）。Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $-131.0M）。过去两年Cheniere Energy Partners, L.P.的营收复合增速更高（12.6% vs -4.6%）
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。
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
CQP vs NWN — 直观对比
营收规模更大
CQP
是对方的7.4倍
$394.2M
营收增速更快
CQP
高出12.0%
6.3%
自由现金流更多
CQP
多$995.0M
$-131.0M
两年增速更快
CQP
近两年复合增速
-4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $394.2M |
| 净利润 | $1.3B | — |
| 毛利率 | — | — |
| 营业利润率 | 50.5% | 28.4% |
| 净利率 | 44.2% | — |
| 营收同比 | 18.3% | 6.3% |
| 净利润同比 | 106.6% | — |
| 每股收益（稀释后） | — | $1.38 |
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CQPNWN
| Q4 25 | $2.9B | $394.2M | ||
| Q3 25 | $2.4B | $164.7M | ||
| Q2 25 | $2.5B | $236.2M | ||
| Q1 25 | $3.0B | $494.3M | ||
| Q4 24 | $2.5B | $370.9M | ||
| Q3 24 | $2.1B | $136.9M | ||
| Q2 24 | $1.9B | $211.7M | ||
| Q1 24 | $2.3B | $433.5M |
净利润CQPNWN
| Q4 25 | $1.3B | — | ||
| Q3 25 | $506.0M | $-29.9M | ||
| Q2 25 | $553.0M | $-2.5M | ||
| Q1 25 | $641.0M | $87.9M | ||
| Q4 24 | $623.0M | — | ||
| Q3 24 | $635.0M | $-27.2M | ||
| Q2 24 | $570.0M | $-2.8M | ||
| Q1 24 | $682.0M | $63.8M |
营业利润率CQPNWN
| Q4 25 | 50.5% | 28.4% | ||
| Q3 25 | 29.0% | -7.5% | ||
| Q2 25 | 29.1% | 11.5% | ||
| Q1 25 | 27.6% | 31.2% | ||
| Q4 24 | 33.0% | 22.9% | ||
| Q3 24 | 40.2% | -14.1% | ||
| Q2 24 | 40.4% | 7.4% | ||
| Q1 24 | 38.1% | 25.3% |
净利率CQPNWN
| Q4 25 | 44.2% | — | ||
| Q3 25 | 21.0% | -18.1% | ||
| Q2 25 | 22.5% | -1.1% | ||
| Q1 25 | 21.4% | 17.8% | ||
| Q4 24 | 25.3% | — | ||
| Q3 24 | 30.9% | -19.8% | ||
| Q2 24 | 30.1% | -1.3% | ||
| Q1 24 | 29.7% | 14.7% |
每股收益（稀释后）CQPNWN
| Q4 25 | — | $1.38 | ||
| Q3 25 | — | $-0.73 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $2.18 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $-0.71 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | $1.69 |
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 | $36.7M |
| 总债务越低越好 | $14.2B | $2.4B |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $17.4B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 1.65× |
8季度趋势，按日历期对齐
现金及短期投资CQPNWN
| Q4 25 | $182.0M | $36.7M | ||
| Q3 25 | $121.0M | $32.2M | ||
| Q2 25 | $108.0M | $102.6M | ||
| Q1 25 | $94.0M | $100.0M | ||
| Q4 24 | $270.0M | $38.5M | ||
| Q3 24 | $331.0M | $35.0M | ||
| Q2 24 | $351.0M | $65.2M | ||
| Q1 24 | $333.0M | $72.4M |
总债务CQPNWN
| Q4 25 | $14.2B | $2.4B | ||
| Q3 25 | $14.2B | $2.2B | ||
| Q2 25 | $14.2B | $2.2B | ||
| Q1 25 | $14.7B | $2.2B | ||
| Q4 24 | $14.8B | $1.7B | ||
| Q3 24 | $14.8B | $1.6B | ||
| Q2 24 | $14.8B | $1.6B | ||
| Q1 24 | $13.6B | $1.6B |
股东权益CQPNWN
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
总资产CQPNWN
| Q4 25 | $17.4B | $6.2B | ||
| Q3 25 | $16.8B | $5.9B | ||
| Q2 25 | $16.9B | $5.8B | ||
| Q1 25 | $17.1B | $5.7B | ||
| Q4 24 | $17.5B | $5.2B | ||
| Q3 24 | $17.4B | $4.9B | ||
| Q2 24 | $17.5B | $4.8B | ||
| Q1 24 | $17.5B | $4.8B |
负债/权益比CQPNWN
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.56× | ||
| Q2 25 | — | 1.53× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.17× | ||
| Q1 24 | — | 1.17× |
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 | $3.3M |
| 自由现金流经营现金流 - 资本支出 | $864.0M | $-131.0M |
| 自由现金流率自由现金流/营收 | 29.7% | -33.2% |
| 资本支出强度资本支出/营收 | 0.8% | 34.1% |
| 现金转化率经营现金流/净利润 | 0.69× | — |
| 过去12个月自由现金流最近4个季度 | $2.6B | $-197.8M |
8季度趋势，按日历期对齐
经营现金流CQPNWN
| Q4 25 | $887.0M | $3.3M | ||
| Q3 25 | $658.0M | $-15.9M | ||
| Q2 25 | $558.0M | $102.2M | ||
| Q1 25 | $665.0M | $179.6M | ||
| Q4 24 | $876.0M | $-19.4M | ||
| Q3 24 | $691.0M | $-26.4M | ||
| Q2 24 | $732.0M | $121.0M | ||
| Q1 24 | $669.0M | $125.0M |
自由现金流CQPNWN
| Q4 25 | $864.0M | $-131.0M | ||
| Q3 25 | $610.0M | $-125.9M | ||
| Q2 25 | $490.0M | $-18.3M | ||
| Q1 25 | $605.0M | $77.4M | ||
| Q4 24 | $827.0M | $-119.6M | ||
| Q3 24 | $652.0M | $-121.7M | ||
| Q2 24 | $702.0M | $4.3M | ||
| Q1 24 | $633.0M | $42.8M |
自由现金流率CQPNWN
| Q4 25 | 29.7% | -33.2% | ||
| Q3 25 | 25.4% | -76.4% | ||
| Q2 25 | 20.0% | -7.8% | ||
| Q1 25 | 20.2% | 15.7% | ||
| Q4 24 | 33.6% | -32.2% | ||
| Q3 24 | 31.7% | -88.9% | ||
| Q2 24 | 37.1% | 2.0% | ||
| Q1 24 | 27.6% | 9.9% |
资本支出强度CQPNWN
| Q4 25 | 0.8% | 34.1% | ||
| Q3 25 | 2.0% | 66.8% | ||
| Q2 25 | 2.8% | 51.0% | ||
| Q1 25 | 2.0% | 20.7% | ||
| Q4 24 | 2.0% | 27.0% | ||
| Q3 24 | 1.9% | 69.6% | ||
| Q2 24 | 1.6% | 55.1% | ||
| Q1 24 | 1.6% | 19.0% |
现金转化率CQPNWN
| Q4 25 | 0.69× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.04× | 2.04× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | 1.96× |
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% |
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
