Cheniere Energy Partners, LP CQP

Competitive advantage analysis · energy

Corporate Default
Overall moat score
61/100
Moderate

Ranked against 67 peers in Oil & Gas Midstream

About Cheniere Energy Partners, LP

Cheniere Energy Partners, L.P., through its subsidiaries, provides liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies in the United States and internationally. The company owns and operates natural gas liquefaction and export facility at the Sabine Pass LNG Terminal located in Cameron Parish, Louisiana. It also owns a natural gas supply pipeline that interconnects the … Full CQP analysis →

Key strengths

  • ROIC Sustainably Above Peers ROIC at 95.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Operating Expense Control OpEx growth is controlled (score 0.64), demonstrating operating leverage.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.25), suggesting weak customer stickiness.
  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.45), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
53
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where CQP ranks in Oil & Gas Midstream

Cheniere Energy Partners, LP ranks #14 of 56 scored companies in Oil & Gas Midstream by moat score — the top 25%. The widest moat in the group is Hess Midstream LP (HESM) at 84/100.

# Company Moat score Rating
10 DHT Holdings, Inc. DHT 66/100 Moderate
11 FLEX LNG Ltd. FLNG 62/100 Moderate
12 Cheniere Energy, Inc. LNG 62/100 Moderate
13 Williams Companies, Inc. (The) WMB 61/100 Moderate
14 Cheniere Energy Partners, LP CQP 61/100 Moderate
15 TC Energy Corporation TRP 61/100 Moderate
16 Dorian LPG Ltd. LPG 60/100 Moderate
17 Cool Company Ltd. CLCO 59/100 Moderate
18 International Seaways, Inc. INSW 59/100 Moderate

See every Commodities & Mining company ranked by moat score →

How CQP scores on the Corporate Default defenses

Pricing Power

Score 53 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 79 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 37 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 95 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 52 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 64 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CQP's moat

What is Cheniere Energy Partners, LP's moat score?

Cheniere Energy Partners, LP (CQP) scores 61 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #14 of 56 scored companies in Oil & Gas Midstream, the top 25%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Capital Efficiency (95/100) and its weakest is Customer Stickiness (37/100).

How does Cheniere Energy Partners, LP compare with other Oil & Gas Midstream companies?

Cheniere Energy Partners, LP ranks #14 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Williams Companies, Inc. (The) (WMB) at 61 just above it and TC Energy Corporation (TRP) at 60 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.

Why is Cheniere Energy Partners, LP scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Cheniere Energy Partners, LP?

The Corporate Default template measures 6 defenses, and CQP scores: Pricing Power (53), Cost Advantage (79), Customer Stickiness (37), Capital Efficiency (95), Resilience (52), Scale & Market Position (64). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000