Cheniere Energy Partners (CQP) vs Plains All American Pipeline L.P. (PAA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Plains All American Pipeline L.P. (PAA) has outperformed Cheniere Energy Partners (CQP) over the past year, gaining 44.3% versus a gain of 18.2%. Over five years, PAA leads with a +116.8% price change compared with +46.7% for CQP. Cheniere Energy Partners is the larger company by market cap ($30.90 billion vs $17.25 billion), about 1.8 times the size.
On valuation, Plains All American Pipeline L.P. trades at a lower forward P/E (12.8x vs 13.6x for Cheniere Energy Partners). Plains All American Pipeline L.P. offers the higher dividend yield (6.68% vs 5.12%). Cheniere Energy Partners converts more of its revenue into profit, with a net margin of 27.8% versus 3.2%.
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 | PAA |
|---|---|---|
| Share price | $63.83 | $24.45 |
| Market cap | $30.90B | $17.25B |
| 1-day change | +0.61% | +1.49% |
| YTD return | +19.61% | +33.96% |
| 1-year return | +18.16% | +44.33% |
| 5-year return | +46.72% | +116.76% |
| P/E ratio (TTM) | 11.58 | 21.08 |
| Forward P/E | 13.62 | 12.78 |
| EPS (TTM) | $5.51 | $1.16 |
| Dividend yield | 5.12% | 6.68% |
| Annual dividend | $3.27 | $1.63 |
| Revenue (latest FY) | $10.76B | $44.26B |
| Revenue growth (YoY) | +23.60% | -9.46% |
| Net income (latest FY) | $2.99B | $1.44B |
| Gross margin | 52.18% | 8.65% |
| Operating margin | 34.45% | 3.24% |
| Net margin | 27.77% | 3.24% |
| 52-week high | $71.25 | $26.39 |
| 52-week low | $49.53 | $15.69 |
| Distance from 52-week high | -10.41% | -7.35% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | -6.00% | +6.87% |
| Average volume | 114.83K | 2.52M |
| Shares outstanding | 484.06M | 705.57M |
| Employees | — | 3,900 |
| Sector | Utilities | Energy |
| Industry | Oil/Gas Transmission | Natural Gas Distribution |
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
- PAA has outperformed CQP by 26.2 percentage points over the past year.
- Plains All American Pipeline L.P. trades at a higher earnings multiple (21.1x vs 11.6x trailing P/E).
- Plains All American Pipeline L.P. offers a meaningfully higher dividend yield (6.68% vs 5.12%).
- Cheniere Energy Partners is more profitable, keeping 27.8 cents of every revenue dollar as net income versus 3.2 cents for Plains All American Pipeline L.P..
- Cheniere Energy Partners grew revenue faster in its latest fiscal year (+23.60% vs -9.46%).
- The two companies sit in different sectors: Cheniere Energy Partners in Utilities and Plains All American Pipeline L.P. in Energy.
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 Plains All American Pipeline L.P.
PAA stock →Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL.
Energy · Natural Gas Distribution · 3,900 employees
CQP vs PAA FAQ
Which is bigger, Cheniere Energy Partners or Plains All American Pipeline L.P.?
Cheniere Energy Partners (CQP) is larger, with a market capitalization of $30.90B compared with $17.25B for Plains All American Pipeline L.P. (PAA).
Which stock has performed better over the past year, CQP or PAA?
PAA returned +44.33% over the past 12 months, compared with +18.16% for CQP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CQP or PAA?
CQP has the lower trailing P/E at 11.6, versus 21.1 for PAA. 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 Plains All American Pipeline L.P.?
Plains All American Pipeline L.P. has the higher yield at 6.68%, compared with 5.12% for Cheniere Energy Partners.
Are Cheniere Energy Partners and Plains All American Pipeline L.P. in the same industry?
No. Cheniere Energy Partners is in the Utilities sector, while Plains All American Pipeline L.P. is in Energy.