Latest revenue
$3.60B
as of 2026-03-31
Latest net income
$186.0M
as of 2026-03-31
Net margin
5.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $30.68B
- Enterprise value
- $30.68B
- P/E (trailing)
- 10.3×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 5.2%
- 52-wk high
- $70.64
- 52-wk low
- $49.53
- Beta
- —
- Shares out
- 484.1M
5-year trend
What this company does
Table of Contents ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Information Regarding Forward-Looking Statements This quarterly report contains certain statements that are, or may be deemed to be, “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein or incorporated herein by reference are “forward-looking statements.” Included among “forward-looking statements” are, among other things: •statements regarding our ability to pay distributions to our unitholders; •statements regarding our expected receipt of cash distributions from SPLNG, SPL or CTPL; •statements that we…
AI summary unavailable — showing raw filing excerpt
Generated from CQP's filing dated 2026-05-07
Key risks
ITEM 1A. RISK FACTORS Limited partner interests are inherently different from the capital stock of a corporation, although many of the business risks to which we are subject are similar to those that would be faced by a corporation engaged in a similar business. The following are some of the important factors that should be considered when investing in us, as such risk factors could adversely affect our business, financial condition, results of operations or cash flows or have other adverse impacts and could cause actual results to differ materially from estimates or expectations contained in our forward-looking statements. Additional risks and uncertainties not currently known to us, or…
AI summary unavailable — showing raw filing excerpt
Generated from CQP's filing dated 2026-05-07
Profitability
Operating margin
34.4%
8.6%Net margin
27.8%
3.7%Return on assets
17.1%
19.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.60B | +20.4% | $186.0M | -71.0% | 5.2% |
Q4 2025 2025-12-31 | $2.91B | +18.3% | $1.29B | +106.6% | 44.2% |
Q3 2025 2025-09-30 | $2.40B | +17.0% | $506.0M | -20.3% | 21.0% |
Q2 2025 2025-06-30 | $2.46B | +29.6% | $553.0M | -3.0% | 22.5% |
Q1 2025 2025-03-31 | $2.99B | +30.2% | $641.0M | -6.0% | 21.4% |
Q4 2024 2024-12-31 | $2.46B | — | $623.0M | — | 25.3% |
Q3 2024 2024-09-30 | $2.06B | -3.4% | $635.0M | -19.7% | 30.9% |
Q2 2024 2024-06-30 | $1.89B | -2.0% | $570.0M | -8.4% | 30.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Natural Gas Distribution · SIC 4924
Your notes
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns CQP
Institutional value
$870.7M
Total shares held
13.3M
Distinct holders
134
-49 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | ALPS ADVISORS INC | 9.5M | $614.8M | +173.3K (+1.9%) | Added |
| 2 | JPMORGAN CHASE & CO | 832.1K | $55.9M | -42.1K (-4.8%) | Trimmed |
| 3 | Clearbridge Investments, LLC | 611.9K | $39.5M | +0 (+0.0%) | No change |
| 4 | UBS Group AG | 478.1K | $30.9M | -116.5K (-19.6%) | Trimmed |
| 5 | McGowan Group Asset Management, Inc. | 238.5K | $15.4M | -2.4K (-1.0%) | Trimmed |
| 6 | Mediolanum International Funds Ltd | 44.1K | $12.9M | -66 (-0.1%) | Trimmed |
| 7 | Fractal Investments LLC | 194.1K | $12.5M | +0 (+0.0%) | No change |
| 8 | LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 131.8K | $8.5M | +0 (+0.0%) | No change |
| 9 | LPL Financial LLC | 118.5K | $7.7M | -2.6K (-2.2%) | Trimmed |
| 10 | MILLER HOWARD INVESTMENTS INC /NY | 101.3K | $6.5M | -2.5K (-2.4%) | Trimmed |
| 11 | Abacus FCF Advisors LLC | 75.0K | $4.8M | — | New |
| 12 | EXCHANGE TRADED CONCEPTS, LLC | 50.0K | $3.2M | -26.3K (-34.5%) | Trimmed |
| 13 | Mariner, LLC | 46.1K | $3.0M | +327 (+0.7%) | Added |
| 14 | HUSSMAN STRATEGIC ADVISORS, INC. | 42.0K | $2.7M | +0 (+0.0%) | No change |
| 15 | FIRST TRUST ADVISORS LP | 39.6K | $2.6M | -3.9K (-9.0%) | Trimmed |
| 16 | Sanctuary Advisors, LLC | 38.4K | $2.5M | +2.4K (+6.8%) | Added |
| 17 | Maryland State Retirement & Pension System | 34.5K | $2.2M | -1.9K (-5.2%) | Trimmed |
| 18 | STIFEL FINANCIAL CORP | 32.7K | $2.1M | +849 (+2.7%) | Added |
| 19 | Texas Yale Capital Corp. | 32.4K | $2.1M | +3.1K (+10.6%) | Added |
| 20 | Founders Capital Management | 32.0K | $2.1M | +1.2K (+3.7%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once CQP's latest filing finishes processing.