GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheniere Energy Partners LP (NYSE:CQP) » Definitions » E10

Cheniere Energy Partners LP (Cheniere Energy Partners LP) E10 : $1.49 (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Cheniere Energy Partners LP E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cheniere Energy Partners LP's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.49 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cheniere Energy Partners LP's average E10 Growth Rate was 52.10% per year. During the past 3 years, the average E10 Growth Rate was 107.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cheniere Energy Partners LP was 107.50% per year. The lowest was -71.00% per year. And the median was 64.20% per year.

As of today (2024-05-18), Cheniere Energy Partners LP's current stock price is $49.52. Cheniere Energy Partners LP's E10 for the quarter that ended in Mar. 2024 was $1.49. Cheniere Energy Partners LP's Shiller PE Ratio of today is 33.23.

During the past 13 years, the highest Shiller PE Ratio of Cheniere Energy Partners LP was 3258.00. The lowest was 31.99. And the median was 141.64.


Cheniere Energy Partners LP E10 Historical Data

The historical data trend for Cheniere Energy Partners LP's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cheniere Energy Partners LP E10 Chart

Cheniere Energy Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.15 0.31 0.62 1.34

Cheniere Energy Partners LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.04 1.20 1.34 1.49

Competitive Comparison of Cheniere Energy Partners LP's E10

For the Oil & Gas Midstream subindustry, Cheniere Energy Partners LP's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cheniere Energy Partners LP's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cheniere Energy Partners LP's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Cheniere Energy Partners LP's Shiller PE Ratio falls into.



Cheniere Energy Partners LP E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cheniere Energy Partners LP's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.18/131.7762*131.7762
=1.180

Current CPI (Mar. 2024) = 131.7762.

Cheniere Energy Partners LP Quarterly Data

per share eps CPI Adj_EPS
201406 -0.850 100.560 -1.114
201409 -0.080 100.428 -0.105
201412 -0.060 99.070 -0.080
201503 -0.610 99.621 -0.807
201506 -0.010 100.684 -0.013
201509 0.180 100.392 0.236
201512 0.010 99.792 0.013
201603 -0.080 100.470 -0.105
201606 -0.210 101.688 -0.272
201609 -0.270 101.861 -0.349
201612 0.070 101.863 0.091
201703 -0.800 102.862 -1.025
201706 -3.710 103.349 -4.730
201709 -1.100 104.136 -1.392
201712 0.760 104.011 0.963
201803 0.670 105.290 0.839
201806 0.550 106.317 0.682
201809 0.600 106.507 0.742
201812 0.690 105.998 0.858
201903 0.750 107.251 0.922
201906 0.440 108.070 0.537
201909 0.190 108.329 0.231
201912 0.870 108.420 1.057
202003 0.840 108.902 1.016
202006 0.560 108.767 0.678
202009 -0.080 109.815 -0.096
202012 0.770 109.897 0.923
202103 0.640 111.754 0.755
202106 0.730 114.631 0.839
202109 0.690 115.734 0.786
202112 0.930 117.630 1.042
202203 -0.110 121.301 -0.119
202206 0.250 125.017 0.264
202209 -1.490 125.227 -1.568
202212 4.630 125.222 4.872
202303 3.500 127.348 3.622
202306 0.840 128.729 0.860
202309 1.190 129.860 1.208
202312 1.420 129.419 1.446
202403 1.180 131.776 1.180

Add all the adjusted EPS together and divide 10 will get our e10.


Cheniere Energy Partners LP  (NYSE:CQP) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cheniere Energy Partners LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=49.52/1.49
=33.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Cheniere Energy Partners LP was 3258.00. The lowest was 31.99. And the median was 141.64.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Cheniere Energy Partners LP E10 Related Terms

Thank you for viewing the detailed overview of Cheniere Energy Partners LP's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Cheniere Energy Partners LP (Cheniere Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
700 Milam Street, Suite 1900, Houston, TX, USA, 77002
Cheniere Energy Partners is the direct owner of the Sabine Pass LNG terminals as well as regasification facilities. It also owns the Creole Trail Pipeline, which connects the terminal to third-party gas suppliers. Cheniere Partners shares in the marketing fees generated by Cheniere Marketing from Sabine Pass marketed gas volumes.
Executives
Taylor Johnson director, other: Deputy GC and Asst. Sec. 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Grindal Corey director, officer: EVP, Worldwide Trading 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Brian Arthur Baker director 700 MILAM ST., SUITE 1900, HOUSTON TX 77002
Bx Rockies Platform Co Llc 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Christopher Manuel Dellamore director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Tim Wyatt director, officer: SVP, Corp. Dev. and Strategy 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
James Robert Ball director 4 PROVIDENCE VILLAS, BRACKENBURY, LONDON X0 W6 0BA
Adam Kuhnley director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
David L Slack officer: VP & Chief Accounting Officer 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Matthew Jk Runkle director 345 PARK AVENUE, NEW YORK NY 10154
Bam Partners Trust 10 percent owner 181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Gso Holdings I Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154