Cheniere Energy Partners (CQP) vs Targa Resources (TRGP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Targa Resources (TRGP) has outperformed Cheniere Energy Partners (CQP) over the past year, gaining 70.6% versus a gain of 18.2%. Over five years, TRGP leads with a +409.7% price change compared with +46.7% for CQP. Targa Resources is the larger company by market cap ($61.86 billion vs $30.89 billion), about 2.0 times the size, while Cheniere Energy Partners is growing revenue faster (+23.6% vs +3.9%).
On valuation, Cheniere Energy Partners trades at a lower forward P/E (13.6x vs 24.0x for Targa Resources). Cheniere Energy Partners offers the higher dividend yield (5.12% vs 1.56%). Cheniere Energy Partners converts more of its revenue into profit, with a net margin of 27.8% versus 11.3%.
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 | TRGP |
|---|---|---|
| Share price | $63.81 | $288.49 |
| Market cap | $30.89B | $61.86B |
| 1-day change | +0.58% | +1.60% |
| YTD return | +19.61% | +53.91% |
| 1-year return | +18.16% | +70.61% |
| 5-year return | +46.72% | +409.71% |
| P/E ratio (TTM) | 11.58 | 27.58 |
| Forward P/E | 13.61 | 23.96 |
| EPS (TTM) | $5.51 | $10.46 |
| Dividend yield | 5.12% | 1.56% |
| Annual dividend | $3.27 | $4.50 |
| Revenue (latest FY) | $10.76B | $17.03B |
| Revenue growth (YoY) | +23.60% | +3.95% |
| Net income (latest FY) | $2.99B | $1.92B |
| Gross margin | 52.18% | 38.29% |
| Operating margin | 34.45% | 19.56% |
| Net margin | 27.77% | 11.29% |
| 52-week high | $71.25 | $307.94 |
| 52-week low | $49.53 | $144.14 |
| Distance from 52-week high | -10.44% | -6.32% |
| Analyst consensus | underperform | strong_buy |
| Avg. price target upside | -5.97% | +12.82% |
| Average volume | 114.83K | 1.19M |
| Shares outstanding | 484.06M | 214.43M |
| Employees | — | 3,570 |
| Sector | Utilities | Utilities |
| 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
- Targa Resources is about 2.0 times larger than Cheniere Energy Partners by market value ($61.86B vs $30.89B).
- TRGP has outperformed CQP by 52.5 percentage points over the past year.
- Targa Resources trades at a higher earnings multiple (27.6x vs 11.6x trailing P/E).
- Cheniere Energy Partners offers a meaningfully higher dividend yield (5.12% vs 1.56%).
- Cheniere Energy Partners is more profitable, keeping 27.8 cents of every revenue dollar as net income versus 11.3 cents for Targa Resources.
- Cheniere Energy Partners grew revenue faster in its latest fiscal year (+23.60% vs +3.95%).
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 Targa Resources
TRGP stock →Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.
Utilities · Natural Gas Distribution · 3,570 employees
CQP vs TRGP FAQ
Which is bigger, Cheniere Energy Partners or Targa Resources?
Targa Resources (TRGP) is larger, with a market capitalization of $61.86B compared with $30.89B for Cheniere Energy Partners (CQP).
Which stock has performed better over the past year, CQP or TRGP?
TRGP returned +70.61% 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 TRGP?
CQP has the lower trailing P/E at 11.6, versus 27.6 for TRGP. 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 Targa Resources?
Cheniere Energy Partners has the higher yield at 5.12%, compared with 1.56% for Targa Resources.
Are Cheniere Energy Partners and Targa Resources in the same industry?
Both are in the Utilities sector, but in different industries: Oil/Gas Transmission for Cheniere Energy Partners and Natural Gas Distribution for Targa Resources.