Cheniere Energy Partners (CQP) vs Western Midstream Partners (WES)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Western Midstream Partners (WES) has outperformed Cheniere Energy Partners (CQP) over the past year, gaining 19.6% versus a gain of 18.2%. Over five years, WES leads with a +97.5% price change compared with +46.7% for CQP. Cheniere Energy Partners is the larger company by market cap ($30.89 billion vs $18.93 billion), about 1.6 times the size.
On valuation, Western Midstream Partners trades at a lower forward P/E (12.0x vs 13.6x for Cheniere Energy Partners). Western Midstream Partners offers the higher dividend yield (8.03% vs 5.12%). Western Midstream Partners converts more of its revenue into profit, with a net margin of 30.7% versus 27.8%.
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 | WES |
|---|---|---|
| Share price | $63.81 | $45.82 |
| Market cap | $30.89B | $18.93B |
| 1-day change | +0.58% | +0.59% |
| YTD return | +19.61% | +16.91% |
| 1-year return | +18.16% | +19.64% |
| 5-year return | +46.72% | +97.52% |
| P/E ratio (TTM) | 11.58 | 14.50 |
| Forward P/E | 13.61 | 11.97 |
| EPS (TTM) | $5.51 | $3.16 |
| Dividend yield | 5.12% | 8.03% |
| Annual dividend | $3.27 | $3.68 |
| Revenue (latest FY) | $10.76B | $3.84B |
| Revenue growth (YoY) | +23.60% | +6.61% |
| Net income (latest FY) | $2.99B | $1.18B |
| Gross margin | 52.18% | 94.61% |
| Operating margin | 34.45% | 41.67% |
| Net margin | 27.77% | 30.73% |
| 52-week high | $71.25 | $50.07 |
| 52-week low | $49.53 | $36.90 |
| Distance from 52-week high | -10.44% | -8.49% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | -5.97% | +8.45% |
| Average volume | 114.83K | 824.08K |
| Shares outstanding | 484.06M | 413.17M |
| Employees | — | 1,704 |
| 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
- Western Midstream Partners trades at a higher earnings multiple (14.5x vs 11.6x trailing P/E).
- Western Midstream Partners offers a meaningfully higher dividend yield (8.03% vs 5.12%).
- Cheniere Energy Partners grew revenue faster in its latest fiscal year (+23.60% vs +6.61%).
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 Western Midstream Partners
WES stock →Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. The company is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water.
Utilities · Natural Gas Distribution · 1,704 employees
CQP vs WES FAQ
Which is bigger, Cheniere Energy Partners or Western Midstream Partners?
Cheniere Energy Partners (CQP) is larger, with a market capitalization of $30.89B compared with $18.93B for Western Midstream Partners (WES).
Which stock has performed better over the past year, CQP or WES?
WES returned +19.64% 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 WES?
CQP has the lower trailing P/E at 11.6, versus 14.5 for WES. 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 Western Midstream Partners?
Western Midstream Partners has the higher yield at 8.03%, compared with 5.12% for Cheniere Energy Partners.
Are Cheniere Energy Partners and Western Midstream Partners 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 Western Midstream Partners.