CQP (Cheniere Energy Partners LP) Days Payable : 4.93 (As of Sep. 2024)

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What is Cheniere Energy Partners LP Days Payable?

Cheniere Energy Partners LP's average Accounts Payable for the three months ended in Sep. 2024 was $51 Mil. Cheniere Energy Partners LP's Cost of Goods Sold for the three months ended in Sep. 2024 was $944 Mil. Hence, Cheniere Energy Partners LP's Days Payable for the three months ended in Sep. 2024 was 4.93.

The historical rank and industry rank for Cheniere Energy Partners LP's Days Payable or its related term are showing as below:

CQP' s Days Payable Range Over the Past 10 Years
Min: 0.76 Med: 2.86 Max: 130.38
Current: 4.42

During the past 13 years, Cheniere Energy Partners LP's highest Days Payable was 130.38. The lowest was 0.76. And the median was 2.86.

CQP's Days Payable is ranked worse than
97.38% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs CQP: 4.42

Cheniere Energy Partners LP's Days Payable declined from Sep. 2023 (5.90) to Sep. 2024 (4.93). It may suggest that Cheniere Energy Partners LP accelerated paying its suppliers.

Cheniere Energy Partners LP Days Payable Historical Data

The historical data trend for Cheniere Energy Partners LP's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cheniere Energy Partners LP Days Payable Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.57

3.03

1.01

0.76

5.40

Cheniere Energy Partners LP Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															5.90	4.19	4.14	4.67	4.93

Competitive Comparison of Cheniere Energy Partners LP's Days Payable

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cheniere Energy Partners LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Cheniere Energy Partners LP's Days Payable falls into.

Cheniere Energy Partners LP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cheniere Energy Partners LP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (32	+	69)	/	2 )	/	3415	*	365
=	50.5					/	3415	*	365
=	5.40

Cheniere Energy Partners LP's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (51	+	51)	/	2 )	/	944	*	365 / 4
=	51					/	944	*	365 / 4
=	4.93

Cheniere Energy Partners LP Days Payable Related Terms

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Cheniere Energy Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » Days Payable

Comparable Companies

WES PAA DTM TRGP AM ENLC VNOM FRO GLNG HESM TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TSX:PPL

Traded in Other Exchanges

N/A

Address

700 Milam Street, Suite 1900, Houston, TX, USA, 77002

Website

https://www.cheniere.com

Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.

Executives

Taylor Johnson	director, other: Deputy GC and Asst. Sec.	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey	director, officer: EVP, Worldwide Trading	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker	director	700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt	director, officer: SVP, Corp. Dev. and Strategy	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball	director	4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack	officer: VP & Chief Accounting Officer	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle	director	345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc	10 percent owner	C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154