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Cheniere Energy Partners vs New Jersey Resources: revenue, profit, margins and growth compared

Cheniere Energy Partners brought in $10.8B of revenue in fiscal 2025, New Jersey Resources $2B in fiscal 2025. Revenue changed by +23.6% at Cheniere Energy Partners and +13.4% at New Jersey Resources on the year before, so Cheniere Energy Partners grew faster. Cheniere Energy Partners kept 27.8% of its revenue as net profit, New Jersey Resources 16.5%.

Side by side, latest fiscal year

CQPNJR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 30, 2025)
Revenue$10.8B$2B
Revenue growth+23.6%+13.4%
Net income$3B$335.6M
Net margin27.8%16.5%
Free cash flow$2.6Bn/a
Free cash flow margin23.9%n/a
Earnings per share (diluted)n/a$3.33
Cash$182M$591K
Debt$14.2B$3.4B
Price to earningsn/a15.2
Market value$30.7B$5.1B
Dividend yieldn/a3.61%
Rank by revenue in sector#28 of 109 · Utilities#58 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: $10.8BNJR FY2018: $2.9BNJR FY2019: $2.6BNJR FY2020: $2BNJR FY2021: $2.2BNJR FY2022: $2.9BNJR FY2023: $2BNJR FY2024: $1.8BNJR FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
CQP $10.8BNJR $2B
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: $3BNJR FY2018: $233.4MNJR FY2019: $123.9MNJR FY2020: $163MNJR FY2021: $117.9MNJR FY2022: $274.9MNJR FY2023: $264.7MNJR FY2024: $289.8MNJR FY2025: $335.6MFY18FY19FY20FY21FY22FY23FY24FY25
CQP $3BNJR $335.6M
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%NJR FY2018: 8.0%NJR FY2019: 4.8%NJR FY2020: 8.3%NJR FY2021: 5.5%NJR FY2022: 9.5%NJR FY2023: 13.5%NJR FY2024: 16.1%NJR FY2025: 16.5%FY18FY19FY20FY21FY22FY23FY24FY25
CQP 27.8%NJR 16.5%
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%NJR FY2019: -11.1%NJR FY2020: -24.6%NJR FY2021: +10.4%NJR FY2022: +34.7%NJR FY2023: -32.4%NJR FY2024: -8.5%NJR FY2025: +13.4%FY19FY20FY21FY22FY23FY24FY25
CQP +23.6%NJR +13.4%
Free cash flow
CQP FY2018: $1.1BCQP FY2019: $216MCQP FY2020: $779MCQP FY2021: $1.6BCQP FY2022: $3.7BCQP FY2023: $2.9BCQP FY2024: $2.8BCQP FY2025: $2.6BNJR FY2018: $191.4MNJR FY2019: -$105.9MFY18FY19FY20FY21FY22FY23FY24FY25
CQP $2.6BNJR -$105.9M

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

Questions about Cheniere Energy Partners and New Jersey Resources

Which is bigger by revenue, Cheniere Energy Partners or New Jersey Resources?

Cheniere Energy Partners is bigger by revenue: $10.8B in fiscal 2025, against $2B for New Jersey Resources in fiscal 2025.

Which keeps more of its revenue as profit, Cheniere Energy Partners or New Jersey Resources?

Cheniere Energy Partners had a net margin of 27.8% in fiscal 2025; New Jersey Resources had 16.5% in fiscal 2025.

Which grew revenue faster, Cheniere Energy Partners or New Jersey Resources?

In their latest fiscal years revenue changed by +23.6% at Cheniere Energy Partners and +13.4% at New Jersey Resources.

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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