Stock fact sheet · data as of
Cheniere Energy Partners, L.P. (CQP): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Midstream · United States · High Yield Income
Is CQP undervalued?
Cheniere Energy Partners, L.P. (CQP) closed at 62.25 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 115.62, which puts the price 46% below it. 6 of the 9 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 9 models disagree widely: Lynch gives 25.87 while DCF gives 374.65. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files CQP under High Yield Income: a dividend yield above 4%.
Nine valuation models for CQP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 374.65 | +502% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 33.32 | -46% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 104.33 | +68% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.87 | -58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 84.82 | +36% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 127.29 | +104% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 170.33 | +174% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 48.12 | -23% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 71.85 | +15% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -32.40 | -152% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 65.50 | +5% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health CQP scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 5.6 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in others.
Returns on capital are high - ROIC 16.7%, ROE 94.6%, ROA 17.1% - with debt at 4.65 times equity and a free-cash-flow yield of 10.8%. Debt of 4.65 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 5.25% (payout ratio 65%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Liquefied Natural Gas 98%, Regasification Service 1%, Product and Service, Other 1% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 16.7% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 94.6% |
| Debt / equity | 4.65 | ROA | 17.1% |
| Free-cash-flow yield | 10.8% | Payout ratio | 65% |
| Institutions | 6 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 81: Prime
CQP scores 81 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (16/20), the GLS moat (8/15), the option premium on offer (20/20) and how easily the stock trades (12/20).
Implied volatility is 36% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,049 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 86k shares a day on a market cap of $30.1B, with a beta of 0.33 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 46% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.6/10 | |
| Premium | 20 / 20 | implied volatility 36% | |
| Stability | 12 / 20 | 86k shares/day, $30.1B cap, beta 0.33 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Cheniere Energy Partners, L.P. reports earnings on 29 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Cheniere Energy Partners, L.P. by market cap within the Oil & Gas Midstream industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PBA Pembina Pipeline Corporation | 48.52 | 41.17 | -18% | 51Fair | $28.2B |
| VG Venture Global, Inc. | 13.27 | 24.59 | +46% | 86Prime | $33.2B |
| TCPA TransCanada PipeLines Limited 6 | 20.13 | 36.01 | +44% | 39No options | $20.4B |
| WES Western Midstream Partners, LP | 44.82 | 60.89 | +26% | 81Prime | $18.5B |
| PAA Plains All American Pipeline, L.P. | 24.98 | 51.82 | +52% | 80Prime | $17.6B |
| OKE ONEOK, Inc. | 90.65 | 115.64 | +22% | 78Good | $57.1B |
| VNOM Viper Energy, Inc. | 44.13 | 18.07 | -144% | 59Fair | $15.9B |
| LNG Cheniere Energy, Inc. | 279.15 | 507.09 | +45% | 87Prime | $57.7B |
| MPLX MPLX Lp | 57.12 | 67.89 | +16% | 77Good | $57.9B |
| TRGP Targa Resources Corp. | 290.91 | 153.51 | -90% | 63Fair | $62.4B |
| TRP TC Energy Corporation | 61.14 | 64.85 | +6% | 73Good | $63.7B |
| ET Energy Transfer LP | 19.88 | 26.67 | +25% | 77Good | $68.5B |
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Start free See the Sunday ScanQuestions about CQP
Is CQP undervalued right now?
By the GLS models, yes: at 62.25 the stock is 46% below the average fair value of 115.62 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CQP and what does it mean?
CQP scores 81 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CQP?
115.62 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Cheniere Energy Partners, L.P. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CQP have listed options, and how liquid are they?
Yes. The nightly snapshot found 132 listed contracts with 2,049 open interest across all expiries and implied volatility of 36% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.