CQP · Dividend Triangle
5-year compound growth across Revenue, , and Dividend — the three legs that decide whether a payout is sustainable.
note: MLPs measure distribution coverage against (Distributable Cash Flow), not GAAP . Heavy non-cash depreciation on pipelines drags reported earnings, so the EPS leg here often looks worse than the actual cash coverage. Check the MLP Cash Lens in the Stock Modal for the cash-flow-based view.
Dividend Triangle Score
54/100
Mixed signals
- -based payout ratio is 77% — this is structurally normal for a MLP because depreciation lowers EPS. The right metric is the DCF-based payout shown below the Triangle.
- Revenue is compounding ~10.6× faster than the dividend (+56.1% vs +5.3%) — plenty of room for future hikes.
- of 21.8% — management is deploying capital efficiently, a long-term tailwind for dividend reliability.
Revenue
+56.1%
n=7yr CAGR
EPS
-17.2%
n=1yr CAGR · TTM
Dividend
+5.3%
n=4yr CAGR
Source: Massive.com · Cached 24h · Dividend Triangle is for educational use, not investment advice.
The Dividend Triangle is an educational visualization. It is not investment advice and does not replace your own research or a conversation with a licensed financial advisor.