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Stocks Comparison

Cheniere Energy Partners vs National Fuel Gas: revenue, profit, margins and growth compared

Cheniere Energy Partners brought in $10.8B of revenue in fiscal 2025, National Fuel Gas $2.3B in fiscal 2025. Revenue changed by +23.6% at Cheniere Energy Partners and +17.1% at National Fuel Gas on the year before, so Cheniere Energy Partners grew faster. Cheniere Energy Partners kept 27.8% of its revenue as net profit, National Fuel Gas 22.8%. Free cash flow was $2.6B at Cheniere Energy Partners and $187.2M at National Fuel Gas.

Side by side, latest fiscal year

CQPNFG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$10.8B$2.3B
Revenue growth+23.6%+17.1%
Net income$3B$518.5M
Net margin27.8%22.8%
Free cash flow$2.6B$187.2M
Free cash flow margin23.9%8.2%
Earnings per share (diluted)n/a$5.68
Cash$182M$43.2M
Debt$14.2B$2.7B
Price to earningsn/a13.9
Market value$30.7B$7.5B
Dividend yieldn/a2.66%
Rank by revenue in sector#28 of 109 · Utilities#56 of 109 · Utilities

Over the years

Revenue
CQP FY2018: $6.4BCQP FY2019: $6.8BCQP FY2020: $6.2BCQP FY2021: $9.4BCQP FY2022: $17.2BCQP FY2023: $9.7BCQP FY2024: $8.7BCQP FY2025: $10.8BNFG FY2018: $1.6BNFG FY2019: $1.7BNFG FY2020: $1.5BNFG FY2021: $1.7BNFG FY2022: $3.1BNFG FY2023: $2.3BNFG FY2024: $1.9BNFG FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
CQP $10.8BNFG $2.3B
Net income
CQP FY2018: $1.3BCQP FY2019: $1.2BCQP FY2020: $1.2BCQP FY2021: $1.6BCQP FY2022: $2.5BCQP FY2023: $4.3BCQP FY2024: $2.5BCQP FY2025: $3BNFG FY2018: $391.5MNFG FY2019: $304.3MNFG FY2020: -$123.8MNFG FY2021: $363.6MNFG FY2022: $566MNFG FY2023: $476.9MNFG FY2024: $77.5MNFG FY2025: $518.5MFY18FY19FY20FY21FY22FY23FY24FY25
CQP $3BNFG $518.5M
Net margin
CQP FY2018: 19.8%CQP FY2019: 17.2%CQP FY2020: 19.2%CQP FY2021: 17.3%CQP FY2022: 14.5%CQP FY2023: 44.0%CQP FY2024: 28.8%CQP FY2025: 27.8%NFG FY2018: 24.6%NFG FY2019: 18.0%NFG FY2020: -8.0%NFG FY2021: 20.9%NFG FY2022: 18.5%NFG FY2023: 21.1%NFG FY2024: 4.0%NFG FY2025: 22.8%FY18FY19FY20FY21FY22FY23FY24FY25
CQP 27.8%NFG 22.8%
Revenue growth
CQP FY2019: +6.4%CQP FY2020: -9.8%CQP FY2021: +53.0%CQP FY2022: +82.4%CQP FY2023: -43.8%CQP FY2024: -9.9%CQP FY2025: +23.6%NFG FY2019: +6.3%NFG FY2020: -8.7%NFG FY2021: +12.7%NFG FY2022: +75.7%NFG FY2023: -26.3%NFG FY2024: -13.8%NFG FY2025: +17.1%FY19FY20FY21FY22FY23FY24FY25
CQP +23.6%NFG +17.1%
Free cash flow
CQP FY2018: $1.1BCQP FY2019: $216MCQP FY2020: $779MCQP FY2021: $1.6BCQP FY2022: $3.7BCQP FY2023: $2.9BCQP FY2024: $2.8BCQP FY2025: $2.6BNFG FY2018: $31.3MNFG FY2019: -$94.5MNFG FY2020: $24.7MNFG FY2021: $39.8MNFG FY2022: $695KNFG FY2023: $227.2MNFG FY2024: $134.7MNFG FY2025: $187.2MFY18FY19FY20FY21FY22FY23FY24FY25
CQP $2.6BNFG $187.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Cheniere Energy Partners and National Fuel Gas

Which is bigger by revenue, Cheniere Energy Partners or National Fuel Gas?

Cheniere Energy Partners is bigger by revenue: $10.8B in fiscal 2025, against $2.3B for National Fuel Gas in fiscal 2025.

Which keeps more of its revenue as profit, Cheniere Energy Partners or National Fuel Gas?

Cheniere Energy Partners had a net margin of 27.8% in fiscal 2025; National Fuel Gas had 22.8% in fiscal 2025.

Which grew revenue faster, Cheniere Energy Partners or National Fuel Gas?

In their latest fiscal years revenue changed by +23.6% at Cheniere Energy Partners and +17.1% at National Fuel Gas.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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