Cheniere Historical Income Statement
CQP Stock | USD 54.90 0.26 0.48% |
Historical analysis of Cheniere Energy income statement accounts such as Other Operating Expenses of 2.4 B, Operating Income of 5.3 B or Ebit of 5.3 B can show how well Cheniere Energy Partners performed in making a profits. Evaluating Cheniere Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cheniere Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cheniere Energy Partners latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cheniere Energy Partners is a good buy for the upcoming year.
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About Cheniere Income Statement Analysis
Cheniere Energy Partners Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cheniere Energy shareholders. The income statement also shows Cheniere investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cheniere Energy Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cheniere Energy Partners. It is also known as Cheniere Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Cheniere Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cheniere Energy Partners current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cheniere Energy Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Cheniere Stock, please use our How to Invest in Cheniere Energy guide.At this time, Cheniere Energy's Depreciation And Amortization is relatively stable compared to the past year. As of 11/26/2024, Income Before Tax is likely to grow to about 4.5 B, though Total Other Income Expense Net is likely to grow to (742.9 M).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 557M | 634M | 672M | 705.6M | Income Tax Expense | 836M | 882M | 824M | 865.2M |
Cheniere Energy income statement Correlations
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Cheniere Energy Account Relationship Matchups
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Cheniere Energy income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 885M | 909M | 831M | 870M | 823M | 864.2M | |
Other Operating Expenses | 4.8B | 4.0B | 6.9B | 13.8B | 4.6B | 2.4B | |
Operating Income | 1.6B | 1.6B | 2.6B | 3.4B | 5.0B | 5.3B | |
Ebit | 1.6B | 2.1B | 2.6B | 3.4B | 5.1B | 5.3B | |
Ebitda | 2.1B | 2.6B | 3.1B | 4.0B | 5.7B | 6.0B | |
Total Operating Expenses | 883M | 904M | 919M | 1.1B | 1.2B | 1.3B | |
Net Income | 784M | 815M | 794M | 1.6B | 4.3B | 4.5B | |
Income Tax Expense | 391M | 368M | 836M | 882M | 824M | 865.2M | |
Depreciation And Amortization | 527M | 551M | 557M | 634M | 672M | 705.6M | |
Selling General Administrative | 113M | 110M | 96M | 97M | 99M | 79.2M | |
Income Before Tax | 1.2B | 1.2B | 1.6B | 2.5B | 4.3B | 4.5B | |
Total Other Income Expense Net | (378M) | (942M) | (927M) | (882M) | (782M) | (742.9M) | |
Gross Profit | 2.9B | 3.0B | 3.5B | 4.5B | 6.2B | 6.6B | |
Cost Of Revenue | 3.9B | 3.1B | 5.9B | 12.7B | 3.4B | 2.4B | |
Total Revenue | 6.8B | 6.2B | 9.4B | 17.2B | 9.7B | 10.1B | |
Net Income Applicable To Common Shares | 1.2B | 1.2B | 1.6B | 2.5B | 2.9B | 3.0B | |
Net Income From Continuing Ops | 1.2B | 1.2B | 1.6B | 2.5B | 4.3B | 4.5B | |
Non Operating Income Net Other | 20M | (33M) | (96M) | (12M) | (13.8M) | (14.5M) | |
Interest Income | 885M | 909M | 831M | 870M | 46M | 43.7M | |
Non Recurring | (8M) | 7M | 5M | 10M | 11.5M | 12.1M | |
Minority Interest | 12M | (16M) | (81M) | (175M) | (157.5M) | (149.6M) | |
Net Interest Income | (885M) | (909M) | (831M) | (870M) | (777M) | (815.9M) | |
Reconciled Depreciation | 527M | 551M | 557M | 634M | 672M | 582.1M |
Pair Trading with Cheniere Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cheniere Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cheniere Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cheniere Stock
0.65 | AM | Antero Midstream Partners | PairCorr |
0.85 | EE | Excelerate Energy | PairCorr |
0.91 | ET | Energy Transfer LP Aggressive Push | PairCorr |
0.88 | DLNG | Dynagas LNG Partners Earnings Call This Week | PairCorr |
Moving against Cheniere Stock
0.73 | LPG | Dorian LPG | PairCorr |
0.6 | GEL | Genesis Energy LP | PairCorr |
0.53 | BROGW | Brooge Energy Limited | PairCorr |
0.45 | FRO | Frontline Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Cheniere Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheniere Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cheniere Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cheniere Energy Partners to buy it.
The correlation of Cheniere Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cheniere Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cheniere Energy Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cheniere Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cheniere Stock Analysis
When running Cheniere Energy's price analysis, check to measure Cheniere Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cheniere Energy is operating at the current time. Most of Cheniere Energy's value examination focuses on studying past and present price action to predict the probability of Cheniere Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheniere Energy's price. Additionally, you may evaluate how the addition of Cheniere Energy to your portfolios can decrease your overall portfolio volatility.