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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Cheniere Energy Partners LP's selling, general, & admin. expense for the
three
months ended in Mar. 2026 was $27 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $105 Mil.
Cheniere Energy Partners LP (NYSE:CQP) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Cheniere Energy Partners LP Selling, General, & Admin. Expense Related Terms
Cheniere Energy Partners LP Selling, General, & Admin. Expense Historical Data
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The historical data trend for Cheniere Energy Partners LP's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart
CQP vs VG, WES, PAA: Selling, General, & Admin. Expense Comparison
For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Cheniere Energy Partners LP's Selling, General, & Admin. Expense falls into.
Cheniere Energy Partners LP Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $105 Mil.
* 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.
What does a Selling, General, & Admin. Expense of $105 Mil mean?
Cheniere Energy Partners LP (CQP) has a Selling, General, & Admin. Expense of $105 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Cheniere Energy Partners LP and its competitors.
Is Cheniere Energy Partners LP's Selling, General, & Admin. Expense too high?
Cheniere Energy Partners LP's current Selling, General, & Admin. Expense is $105 Mil. Overall, Cheniere Energy Partners LP has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy Partners LP's Selling, General, & Admin. Expense compare to VG and WES?
Cheniere Energy Partners LP's Selling, General, & Admin. Expense of $105 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Oil & Gas company?
A good Selling, General, & Admin. Expense depends on the Oil & Gas industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Cheniere Energy Partners LP and its competitors. Cheniere Energy Partners LP's current Selling, General, & Admin. Expense is $105 Mil. 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 $61.93, compared to a current price of $62.38 — trading 0.7% above its estimated fair value. The current Selling, General, & Admin. Expense is $105 Mil. Cheniere Energy Partners LP's overall GF Score™ is 71/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Cheniere Energy Partners LP (CQP), the current Selling, General, & Admin. Expense is $105 Mil 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 overvalued.
The current stock price of $62.38 is trading 0.7% above its estimated GF Value™ of $61.93.
GuruFocus considers Cheniere Energy Partners LP to be Fairly Valued.
Key valuation signals for CQP:
Selling, General, & Admin. Expense: $105 Mil
GF Value™: $61.93 vs. price of $62.38 (0.7% above fair value)
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.
71GF Score
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Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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