CQP (Cheniere Energy Partners LP) Beneish M-Score: -1.70 (As of Jun. 24, 2026)

What is Cheniere Energy Partners LP Beneish M-Score?

Cheniere Energy Partners LP CQP -6.49% 76 Beneish M-Score is -1.70 as of Jun. 24, 2026. GuruFocus rates CQP with a GF Score™ of 76/100 and a GF Value™ of $62.12 (Fairly Valued). The stock has 11 warning signs investors should review. Among 822 Oil & Gas companies, Cheniere Energy Partners LP ranks worse than 86.98% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score -1.7 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Cheniere Energy Partners LP's Beneish M-Score or its related term are showing as below:

CQP' s Beneish M-Score Range Over the Past 10 Years
Min: -3.2 Med: -2.23 Max: 20.96
Current: -1.7

During the past 13 years, the highest Beneish M-Score of Cheniere Energy Partners LP was 20.96. The lowest was -3.20. And the median was -2.23.

Cheniere Energy Partners LP Beneish M-Score Related Terms

Cheniere Energy Partners LP Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cheniere Energy Partners LP's Beneish M-Score 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.

Cheniere Energy Partners LP Beneish M-Score Chart

Cheniere Energy Partners LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

Get a 7-Day Free Trial

-1.78

-2.08

-2.95

-2.51

-1.35

Cheniere Energy Partners LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-1.95	-2.31	-2.23	-1.35	-1.70

CQP vs VG, WES, PAA: Beneish M-Score Comparison

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Cheniere Energy Partners LP's Beneish M-Score falls into.

Save Embed

76GF Score

Cheniere Energy Partners LP CQP

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Cheniere Energy Partners LP Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Cheniere Energy Partners LP for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7304

0.528 * 1.1913

0.404 * 3.0942

0.892 * 1.2097

0.115 * 0.9567

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.851

4.679 * -0.029113

0.327 * 0.9724

-1.70

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $592 Mil.
Revenue was 3600 + 2910 + 2404 + 2455 = $11,369 Mil.
Gross Profit was 664 + 1769 + 953 + 1088 = $4,474 Mil.
Total Current Assets was $1,250 Mil.
Total Assets was $17,106 Mil.
Property, Plant and Equipment(Net PPE) was $15,181 Mil.
Depreciation, Depletion and Amortization(DDA) was $691 Mil.
Selling, General, & Admin. Expense(SGA) was $105 Mil.
Total Current Liabilities was $2,983 Mil.
Long-Term Debt & Capital Lease Obligation was $12,612 Mil.
Net Income was 186 + 1287 + 506 + 553 = $2,532 Mil.
Non Operating Income was 1 + 0 + -6 + 22 = $17 Mil.
Cash Flow from Operations was 910 + 887 + 658 + 558 = $3,013 Mil.

Total Receivables was $670 Mil.
Revenue was 2989 + 2460 + 2055 + 1894 = $9,398 Mil.
Gross Profit was 1115 + 1117 + 1111 + 1063 = $4,406 Mil.
Total Current Assets was $1,160 Mil.
Total Assets was $17,094 Mil.
Property, Plant and Equipment(Net PPE) was $15,716 Mil.
Depreciation, Depletion and Amortization(DDA) was $683 Mil.
Selling, General, & Admin. Expense(SGA) was $102 Mil.
Total Current Liabilities was $1,313 Mil.
Long-Term Debt & Capital Lease Obligation was $14,714 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(592 / 11369)	/	(670 / 9398)
	=	0.052071	/	0.071292
	=	0.7304

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(4406 / 9398)	/	(4474 / 11369)
	=	0.468823	/	0.393526
	=	1.1913

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (1250 + 15181) / 17106)	/	(1 - (1160 + 15716) / 17094)
	=	0.03946	/	0.012753
	=	3.0942

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	11369	/	9398
	=	1.2097

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(683 / (683 + 15716))	/	(691 / (691 + 15181))
	=	0.041649	/	0.043536
	=	0.9567

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(105 / 11369)	/	(102 / 9398)
	=	0.009236	/	0.010853
	=	0.851

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((12612 + 2983) / 17106)	/	((14714 + 1313) / 17094)
	=	0.911668	/	0.93758
	=	0.9724

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(2532 - 17	-	3013)	/	17106
	=	-0.029113

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Cheniere Energy Partners LP has a M-score of -1.70 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -1.70 mean?

Cheniere Energy Partners LP (CQP) has a Beneish M-Score of -1.70 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cheniere Energy Partners LP and its competitors. According to the industry distribution chart, Cheniere Energy Partners LP ranks #715 out of 822 companies in the Oil & Gas industry, placing it in the top 87%.

Is Cheniere Energy Partners LP's Beneish M-Score too high?

Cheniere Energy Partners LP's current Beneish M-Score is -1.70. Based on the distribution chart, Cheniere Energy Partners LP ranks #715 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. 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 Beneish M-Score compare to VG and WES?

According to the Oil & Gas industry distribution chart, Cheniere Energy Partners LP ranks #715 out of 822 companies for Beneish M-Score. This places Cheniere Energy Partners LP in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cheniere Energy Partners LP and its competitors. Cheniere Energy Partners LP's current Beneish M-Score is -1.70. 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 $62.12, compared to a current price of $57.06 — trading 8.1% below its estimated fair value. The current Beneish M-Score is -1.70. 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 Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For Cheniere Energy Partners LP (CQP), the current Beneish M-Score is -1.70 as of Jun. 24, 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 $57.06 is trading 8.1% below its estimated GF Value™ of $62.12. GuruFocus considers Cheniere Energy Partners LP to be Fairly Valued.

Key valuation signals for CQP:

Beneish M-Score: -1.70
GF Value™: $62.12 vs. price of $57.06 (8.1% below fair value)
GF Score™: 76/100 with 11 warning signs

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 LP Business Description

Industry Energy Oil & Gas

Comparable Companies VG WES PAA DTM LNG AM VNOM FRO GLNG PAGP TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE TSX:PPL

Address 845 Texas Avenue, Suite 1250, Houston, TX, USA, 77002

Website https://www.cheniere.com

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

Get the complete analysis for CQP

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$57.06

Price

$62.12

GF Value

View CQP Analysis

See Beneish M-Score data for all stocks →