Cheniere Energy Partners (CQP) vs ONE Gas (OGS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Cheniere Energy Partners (CQP) has outperformed ONE Gas (OGS) over the past year, gaining 19.1% versus a loss of 10.7%. Over five years, CQP leads with a +46.4% price change compared with +6.6% for OGS. Cheniere Energy Partners is the larger company by market cap ($30.89 billion vs $4.55 billion), about 6.8 times the size.
On valuation, Cheniere Energy Partners trades at a lower forward P/E (13.6x vs 14.4x for ONE Gas). Cheniere Energy Partners offers the higher dividend yield (5.12% vs 3.73%). Cheniere Energy Partners converts more of its revenue into profit, with a net margin of 27.8% versus 10.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CQP | OGS |
|---|---|---|
| Share price | $63.81 | $72.36 |
| Market cap | $30.89B | $4.55B |
| 1-day change | +0.58% | -0.40% |
| YTD return | +19.32% | -6.33% |
| 1-year return | +19.07% | -10.67% |
| 5-year return | +46.35% | +6.60% |
| P/E ratio (TTM) | 11.58 | 15.56 |
| Forward P/E | 13.61 | 14.37 |
| EPS (TTM) | $5.51 | $4.65 |
| Dividend yield | 5.12% | 3.73% |
| Annual dividend | $3.27 | $2.70 |
| Revenue (latest FY) | $10.76B | $2.43B |
| Revenue growth (YoY) | +23.60% | +16.50% |
| Net income (latest FY) | $2.99B | $264.22M |
| Gross margin | 52.18% | 58.85% |
| Operating margin | 34.45% | 18.85% |
| Net margin | 27.77% | 10.88% |
| 52-week high | $71.25 | $90.78 |
| 52-week low | $49.53 | $70.37 |
| Distance from 52-week high | -10.44% | -20.29% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | -5.97% | +22.61% |
| Average volume | 115.53K | 541.23K |
| Shares outstanding | 484.06M | 62.86M |
| Employees | — | 4,000 |
| Sector | Utilities | Utilities |
| Industry | Oil/Gas Transmission | Oil/Gas Transmission |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Cheniere Energy Partners is about 6.8 times larger than ONE Gas by market value ($30.89B vs $4.55B).
- CQP has outperformed OGS by 29.7 percentage points over the past year.
- ONE Gas trades at a higher earnings multiple (15.6x vs 11.6x trailing P/E).
- Cheniere Energy Partners offers a meaningfully higher dividend yield (5.12% vs 3.73%).
- Cheniere Energy Partners is more profitable, keeping 27.8 cents of every revenue dollar as net income versus 10.9 cents for ONE Gas.
- Cheniere Energy Partners grew revenue faster in its latest fiscal year (+23.60% vs +16.50%).
About Cheniere Energy Partners
CQP stock →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.
Utilities · Oil/Gas Transmission
About ONE Gas
OGS stock →ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company offers natural gas distribution services.
Utilities · Oil/Gas Transmission · 4,000 employees
CQP vs OGS FAQ
Which is bigger, Cheniere Energy Partners or ONE Gas?
Cheniere Energy Partners (CQP) is larger, with a market capitalization of $30.89B compared with $4.55B for ONE Gas (OGS).
Which stock has performed better over the past year, CQP or OGS?
CQP returned +19.07% over the past 12 months, compared with -10.67% for OGS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CQP or OGS?
CQP has the lower trailing P/E at 11.6, versus 15.6 for OGS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cheniere Energy Partners or ONE Gas?
Cheniere Energy Partners has the higher yield at 5.12%, compared with 3.73% for ONE Gas.
Are Cheniere Energy Partners and ONE Gas in the same industry?
Yes. Both are classified in the Oil/Gas Transmission industry within the Utilities sector.