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Cheniere Energy Partners, L.P.（CQP）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是Cheniere Energy Partners, L.P.的1.5倍（$4.4B vs $2.9B）。Cheniere Energy Partners, L.P.净利率更高（44.2% vs 26.8%，领先17.4%）。标普全球同比增速更快（191.7% vs 18.3%）。Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $-1.5B）。过去两年标普全球的营收复合增速更高（77.3% vs 12.6%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
CQP vs VG — 直观对比
营收规模更大
VG
是对方的1.5倍
$2.9B
营收增速更快
VG
高出173.4%
18.3%
净利率更高
CQP
高出17.4%
26.8%
自由现金流更多
CQP
多$2.4B
$-1.5B
两年增速更快
VG
近两年复合增速
12.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.4B |
| 净利润 | $1.3B | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 50.5% | 38.7% |
| 净利率 | 44.2% | 26.8% |
| 营收同比 | 18.3% | 191.7% |
| 净利润同比 | 106.6% | 20.3% |
| 每股收益（稀释后） | — | $0.41 |
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CQPVG
| Q4 25 | $2.9B | $4.4B | ||
| Q3 25 | $2.4B | $3.3B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $2.5B | $1.5B | ||
| Q3 24 | $2.1B | $926.0M | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.3B | $1.4B |
净利润CQPVG
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $506.0M | $550.0M | ||
| Q2 25 | $553.0M | $475.0M | ||
| Q1 25 | $641.0M | $517.0M | ||
| Q4 24 | $623.0M | $990.0M | ||
| Q3 24 | $635.0M | $-294.0M | ||
| Q2 24 | $570.0M | $352.0M | ||
| Q1 24 | $682.0M | $698.0M |
营业利润率CQPVG
| Q4 25 | 50.5% | 38.7% | ||
| Q3 25 | 29.0% | 39.7% | ||
| Q2 25 | 29.1% | 33.5% | ||
| Q1 25 | 27.6% | 37.3% | ||
| Q4 24 | 33.0% | 39.0% | ||
| Q3 24 | 40.2% | 20.4% | ||
| Q2 24 | 40.4% | 32.8% | ||
| Q1 24 | 38.1% | 43.6% |
净利率CQPVG
| Q4 25 | 44.2% | 26.8% | ||
| Q3 25 | 21.0% | 16.5% | ||
| Q2 25 | 22.5% | 15.3% | ||
| Q1 25 | 21.4% | 17.9% | ||
| Q4 24 | 25.3% | 65.0% | ||
| Q3 24 | 30.9% | -31.7% | ||
| Q2 24 | 30.1% | 31.8% | ||
| Q1 24 | 29.7% | 49.4% |
每股收益（稀释后）CQPVG
| Q4 25 | — | $0.41 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $0.25 |
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 | $2.4B |
| 总债务越低越好 | $14.2B | $34.2B |
| 股东权益账面价值 | — | $6.7B |
| 总资产 | $17.4B | $53.4B |
| 负债/权益比越低杠杆越低 | — | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资CQPVG
| Q4 25 | $182.0M | $2.4B | ||
| Q3 25 | $121.0M | $1.9B | ||
| Q2 25 | $108.0M | $2.2B | ||
| Q1 25 | $94.0M | $3.6B | ||
| Q4 24 | $270.0M | $3.6B | ||
| Q3 24 | $331.0M | — | ||
| Q2 24 | $351.0M | — | ||
| Q1 24 | $333.0M | — |
总债务CQPVG
| Q4 25 | $14.2B | $34.2B | ||
| Q3 25 | $14.2B | $32.6B | ||
| Q2 25 | $14.2B | $30.0B | ||
| Q1 25 | $14.7B | $29.3B | ||
| Q4 24 | $14.8B | $29.3B | ||
| Q3 24 | $14.8B | — | ||
| Q2 24 | $14.8B | — | ||
| Q1 24 | $13.6B | — |
股东权益CQPVG
| Q4 25 | — | $6.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总资产CQPVG
| Q4 25 | $17.4B | $53.4B | ||
| Q3 25 | $16.8B | $50.1B | ||
| Q2 25 | $16.9B | $46.5B | ||
| Q1 25 | $17.1B | $45.1B | ||
| Q4 24 | $17.5B | $43.5B | ||
| Q3 24 | $17.4B | — | ||
| Q2 24 | $17.5B | — | ||
| Q1 24 | $17.5B | — |
负债/权益比CQPVG
| Q4 25 | — | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | — | 5.69× | ||
| Q1 25 | — | 6.01× | ||
| Q4 24 | — | 10.11× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $864.0M | $-1.5B |
| 自由现金流率自由现金流/营收 | 29.7% | -34.1% |
| 资本支出强度资本支出/营收 | 0.8% | 81.6% |
| 现金转化率经营现金流/净利润 | 0.69× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $-6.8B |
8季度趋势，按日历期对齐
经营现金流CQPVG
| Q4 25 | $887.0M | $2.1B | ||
| Q3 25 | $658.0M | $1.9B | ||
| Q2 25 | $558.0M | $1.5B | ||
| Q1 25 | $665.0M | $1.1B | ||
| Q4 24 | $876.0M | — | ||
| Q3 24 | $691.0M | — | ||
| Q2 24 | $732.0M | — | ||
| Q1 24 | $669.0M | $638.0M |
自由现金流CQPVG
| Q4 25 | $864.0M | $-1.5B | ||
| Q3 25 | $610.0M | $-1.4B | ||
| Q2 25 | $490.0M | $-1.5B | ||
| Q1 25 | $605.0M | $-2.4B | ||
| Q4 24 | $827.0M | — | ||
| Q3 24 | $652.0M | — | ||
| Q2 24 | $702.0M | — | ||
| Q1 24 | $633.0M | $-2.4B |
自由现金流率CQPVG
| Q4 25 | 29.7% | -34.1% | ||
| Q3 25 | 25.4% | -42.4% | ||
| Q2 25 | 20.0% | -49.1% | ||
| Q1 25 | 20.2% | -81.3% | ||
| Q4 24 | 33.6% | — | ||
| Q3 24 | 31.7% | — | ||
| Q2 24 | 37.1% | — | ||
| Q1 24 | 27.6% | -167.3% |
资本支出强度CQPVG
| Q4 25 | 0.8% | 81.6% | ||
| Q3 25 | 2.0% | 98.9% | ||
| Q2 25 | 2.8% | 96.1% | ||
| Q1 25 | 2.0% | 119.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.6% | 212.4% |
现金转化率CQPVG
| Q4 25 | 0.69× | 1.77× | ||
| Q3 25 | 1.30× | 3.42× | ||
| Q2 25 | 1.01× | 3.07× | ||
| Q1 25 | 1.04× | 2.15× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.09× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.98× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
