Cheniere Energy vs Targa Resources
Cheniere Energy is the larger business, with $19.98bn of revenue in fiscal 2025 against $17.03bn for Targa Resources (1.2 times as much). Cheniere Energy grew faster (27.2% against 3.9%). Cheniere Energy kept more of each dollar of sales as profit: a net margin of 26.7% against 11.3%.
| Latest fiscal year | Cheniere EnergyLNG, 2025 | Targa ResourcesTRGP, 2025 |
|---|---|---|
| Revenue | $19.98bn | $17.03bn |
| Revenue growth | 27.2% | 3.9% |
| Net income | $5.33bn | $1.92bn |
| Operating margin | 45.6% | — |
| Net margin | 26.7% | 11.3% |
| Return on equity | 78.3% | 67.9% |
| Free cash flow | $2.46bn | $584m |
| Cash | $1.10bn | $166m |
| Total debt | $23.00bn | $17.43bn |
| Debt to equity | 290.5% | — |
| Dividend per share | — | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $2.72bn | $642m |
| Employees | 1,717 | 3,570 |
| Market value | $64.66bn | $64.14bn |
| Price vs our value range | — | — |
| Moat score | 51 (Moderate) | 36 (Weak) |
| Insider trades, 12 months | 2 buys, 7 sales | 0 buys, 25 sales |