Cheniere Energy Partners LPCQP +0.80%76 Gross Margin % is 18.44% as of Mar. 2026, which is 58% below its 10-year median of 44.32. GuruFocus rates CQP with a GF Score™ of 76/100 and a GF Value™ of $62.13 (Fairly Valued). The stock has 11 warning signs investors should review. Among 867 Oil & Gas companies, Cheniere Energy Partners LP ranks better than 68.28% on this metric.
Cheniere Energy Partners LP (NYSE:CQP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Cheniere Energy Partners LP had a gross margin of 18.44% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Cheniere Energy Partners LP Gross Margin % Related Terms
Cheniere Energy Partners LP Gross Margin % Historical Data
* 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.
For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cheniere Energy Partners LP's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Cheniere Energy Partners LP (CQP) has a Gross Margin % of 18.44% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Cheniere Energy Partners LP and its competitors. This is 58% below median its historical median of 44.32. Over the past decade, Cheniere Energy Partners LP's Gross Margin % has ranged from 25.99 to 64.66. According to the industry distribution chart, Cheniere Energy Partners LP ranks #275 out of 867 companies in the Oil & Gas industry, placing it in the top 31.7%.
Is Cheniere Energy Partners LP's Gross Margin % too high?
Cheniere Energy Partners LP's current Gross Margin % of 18.44% is 58% below median its 10-year median of 44.32. Over the past 10 years, this metric has ranged from a low of 25.99 to a high of 64.66. The Oil & Gas industry median Gross Margin % is 25.70. Cheniere Energy Partners LP's value of 18.44% is 28.2% below this industry median. Based on the distribution chart, Cheniere Energy Partners LP ranks #275 out of 867 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Cheniere Energy Partners LP has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy Partners LP's Gross Margin % compare to VG and WES?
According to the Oil & Gas industry distribution chart, Cheniere Energy Partners LP ranks #275 out of 867 companies for Gross Margin %. This puts Cheniere Energy Partners LP in the upper half of its industry. The industry median Gross Margin % is 25.70. Cheniere Energy Partners LP's value of 18.44% is 28.2% below this benchmark. Historically, Cheniere Energy Partners LP's own Gross Margin % has ranged from 25.99 to 64.66 over the past decade. While the company's 10-year median is 44.32 vs. the industry median of 25.70, Cheniere Energy Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cheniere Energy Partners LP's current Gross Margin % of 18.44% is 28.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Cheniere Energy Partners LP and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheniere Energy Partners LP's current Gross Margin % is 18.44%, which is 58% below median its own 10-year median of 44.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheniere Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Cheniere Energy Partners LP (CQP) is currently considered Fairly Valued. The stock's GF Value™ is $62.13, compared to a current price of $60.53 — trading 2.6% below its estimated fair value. The current Gross Margin % is 18.44%, which is 58% below median its 10-year median of 44.32 and 28.2% below the Oil & Gas industry median of 25.70. Cheniere Energy Partners LP's overall GF Score™ is 76/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Cheniere Energy Partners LP (CQP), the current Gross Margin % is 18.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cheniere Energy Partners LP (CQP) Overvalued in 2026?
Based on GuruFocus' analysis, Cheniere Energy Partners LP stock appears to be undervalued.
The current stock price of $60.53 is trading 2.6% below its estimated GF Value™ of $62.13.
GuruFocus considers Cheniere Energy Partners LP to be Fairly Valued.
Key valuation signals for CQP:
Gross Margin %: 18.44% (58% below median its 10-year median of 44.32)
GF Value™: $62.13 vs. price of $60.53 (2.6% below fair value)
Industry Position: 28.2% below the Oil & Gas median (#275 of 867)
No single metric tells the full story. See the CQP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheniere Energy Partners is a liquified natural gas producer operating one facility in Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed- and variable-fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. The profit generated through those activities is split with parent and operator Cheniere Energy.
76GF Score
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