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Cheniere Energy, Inc. (LNG) stock

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NYSE: LNG NYSE Oil & Gas Storage & Transportation Next results ~January 25, 2027

B Fundamentals grade

Cheniere Energy, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$340

Valuation models combined (2)

Base case. Range ~$300–$420. Weighted average of 2 models (forward price-to-earnings vs peers, justified price-to-book), the forward price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Cheniere Energy, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cheniere Energy files

10-Q filed October 29: Cheniere Energy

Cheniere Energy generated $23.2bn in revenue over the twelve months to September 2026, a 22.5% increase on the prior year and an acceleration from the 17.5% growth recorded a quarter earlier. That pace places the company 4th of 18 among the oil & gas storage & transportation names we cover. Profitability trends diverged: free-cash-flow margin climbed to 16.3% from 11.7%, while operating margin narrowed to 28.1% from 37.2%. Meanwhile, the diluted share count fell 5.6% year on year, boosting the value of each remaining share. The fundamentals grade improves from C+ to B. Our model value is little changed at $242, against a share price of $298, and the rating remains Hold. At that price, the market appears to be pricing in cash-flow growth of about 7.4% a year over five years, broadly in line with the 7.9% a year revenue growth already delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Cheniere Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $21.5bn, up 17.5% on a year earlier, slower than 20.8% a quarter earlier. Free-cash-flow margin held at 13.0%. Operating margin narrowed to 29.9% from 37.6%. The diluted share count is down 4.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 6 financial-health checks. Our cash-flow model value is $187 a share, against a share price of $283. At that price, our model says the market is pricing in about 10.0% a year of cash-flow growth for five years, faster than the 6.3% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Cheniere Energy, Inc.'s trailing-twelve-month revenue grew 22.5% year on year, with a free-cash-flow margin of 16.3%. Where it stands out: change in share count of -5.6% ranks 1 of 19 oil & gas storage & transportation companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 70.4% while net income fell 24.1%: a 95pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.5% over the last 12 months, against a median of 8.8% for oil & gas storage & transportation companies we cover.
  • Growth speeding up. The growth rate is 4.9 points higher than a quarter earlier.
  • High operating margin. 28.1% of revenue is left as operating profit, against a median of 28.1% for oil & gas storage & transportation companies we cover.
  • Shrinking share count. Diluted shares fell 5.6% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.0% over 90 days.

Things to watch

  • Margins narrowing. Operating margin is down 9.1 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Earnings expected to fall. The consensus expects earnings per share to fall 10% next year.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$3.62 against an average estimate of $4.73: missed by 23.3%
Revenue
$6.17bn, up 39.0% on a year earlier
Share reaction
+10.9% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
consolidated Adjusted EBITDA $7.9bn to $8.4bn (full year 2026); distributable Cash Flow $5.3bn to $5.8bn (full year 2026)
Next report
October 29, 2026; average EPS estimate $5.66

Cheniere Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.6%
  • 1 week+3.7%
  • 1 month+15.5%
  • This year+61.5%
  • 1 year+48.5%
  • 5 years+209.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$23.2B
Operating margin
28.1%
Net margin
13.1%
EPS (TTM, diluted)
$14.44

Growth

Revenue growth
+22.5%
Change in growth rate
+4.9 pts
Share count change
−5.6%

Cash

Free cash flow (TTM)
$3.8B
FCF margin
16.3%
Stock pay % of revenue
0.8%

Earnings

Last results
October 29, 2026
Next results (est.)
January 25, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Results
  3. Results
  4. Guidance
  5. Announcement
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cheniere Energy, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Cheniere Energy, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.53 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$300 ~$250–$410 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$420 ~$340–$550 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$340 ~$300–$420 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cheniere Energy, Inc. with Oil & Gas Storage & Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$35.44$39.42$51.22$56.31$58.10$57.11$96.79$144.51$166.22$211.39$193.01$311.67
Market value$8.0bn$9.0bn$11.9bn$14.0bn$15.0bn$14.4bn$24.5bn$36.6bn$40.3bn$48.4bn$42.5bn$65.6bn
+ Net debt (− = net cash)$16.1bn$21.8bn$25.3bn$28.2bn$29.0bn$29.9bn$29.0bn$23.7bn$19.8bn$20.5bn$21.9bn$22.5bn
Enterprise value$24.1bn$30.8bn$37.3bn$42.2bn$44.0bn$44.3bn$53.5bn$60.4bn$60.1bn$68.9bn$64.4bn$88.1bn
Multiples
Price / sales 29.7x7.0x2.1x1.7x1.5x1.5x1.5x1.1x2.0x3.1x2.1x2.8x
Price / earnings ———29.7x23.1x——25.6x4.1x14.9x8.0x21.6x
Price / free cash flow ——————16.3x4.2x6.4x15.3x17.3x17.3x
EV / EBITDA —n/m21.4x17.1x13.9x12.4x172.7x10.6x3.6x9.4x6.2x11.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

51 /100

Moderate moat

How hard Cheniere Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.1% of total assets over 10 years.

  • Durability 9 / 20

    Operating margin has been a median 27.3%; its worst year was -7.1%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 6 of 10 years, at a median 11.6% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 13.3% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $23.13 +116% $22.6bn +13%
Next $20.72 −10% $23.4bn +3%

Next year's EPS estimate has moved +5.0% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +29.0% on 90 days ago. In the last 30 days, 1 analyst raised Cheniere Energy, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Cheniere Energy, Inc., last 90 days
$16.00 $18.00 $20.00 $22.00 $24.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $17.93 Current fiscal year, 60 days ago: $22.80 Current fiscal year, 30 days ago: $22.80 Current fiscal year, 7 days ago: $23.16 Current fiscal year, Now: $23.13 $23.13 Next fiscal year, 90 days ago: $19.74 Next fiscal year, 60 days ago: $20.77 Next fiscal year, 30 days ago: $20.77 Next fiscal year, 7 days ago: $20.80 Next fiscal year, Now: $20.72 $20.72

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $17.93$19.74
60 days ago $22.80$20.77
30 days ago $22.80$20.77
7 days ago $23.16$20.80
Now $23.13$20.72

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $4.73 $3.62 −23.3%
Jun 2026 $3.15 $3.02 −4.3%
Mar 2026 $4.69 $9.17 +95.4%
Dec 2025 $3.87 $2.59 −33.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Consolidated Adjusted EBITDA full year 2026 $7.9bn to $8.4bn Non-GAAP Raised
    “Raising full year 2026 Consolidated Adjusted EBITDA 3 guidance from $7.25 billion - $7.75 billion to $7.90 billion - $8.40 billion and full year 2026 Distributable Cash Flow 3 guidance from $4.75 billion - $5.25 billion to $5.30 billion - $5.80 billion.” source
  • Distributable Cash Flow full year 2026 $5.3bn to $5.8bn Non-GAAP Raised
    “Raising full year 2026 Consolidated Adjusted EBITDA 3 guidance from $7.25 billion - $7.75 billion to $7.90 billion - $8.40 billion and full year 2026 Distributable Cash Flow 3 guidance from $4.75 billion - $5.25 billion to $5.30 billion - $5.80 billion.” source
  • production forecast full year 2026 53m to 54m Narrowed
    “Tightening the full year 2026 production forecast range upward to 53-54 million tonnes from 52-54 million tonnes.” source
  • Net income (loss) attributable to Cheniere Full Year $1.6bn to $2bn GAAP
    “Net income (loss) attributable to Cheniere $ 3.07 $ (0.43) $ 1.6 - $ 2.0” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

22 analysts, Oct 2026
Buy2091%
Hold29%
Sell00%

Monthly trend

  1. Oct 2026515222
  2. Sep 2026515222
  3. Aug 2026515222
  4. Jul 2026615223

Counts of recommendations published by analysts covering Cheniere Energy, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.3%
of tradable shares
Days to cover
2.61
at average volume
Short interest, 1 month
+20%
to October 15, 2026
Held by institutions
92%
of shares
Held by insiders
0.6%
of shares
Employees
1,717
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +48.5%

$209.93 on October 31, 2025 to $311.67

ThenNowEffect
Revenue (last 12 months) $18.3bn $21.5bn +17.5%
Net margin 21.1% 13.6% −35.5%
P/E multiple 12.3x 22.8x +86.3%
Share count 225m 214m +5.2%

Biggest factor: p/e multiple.

Last 3 years +84.9%

$168.58 on November 3, 2023 to $311.67

ThenNowEffect
Revenue (last 12 months) $29.3bn $21.5bn −26.8%
Net margin 28.5% 13.6% −52.3%
P/E multiple 5.0x 22.8x +355.7%
Share count 248m 214m +16.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LNG+70%+49%+15%+27%−9%+62%
Industry peers (median)+39%+21%+9%+27%+11%+22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LNG83%67%75%58%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LNG−12%−18%−16%−10%−25%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 58% from October 1, 2018 to March 18, 2020. Getting back needed a 136% gain, reached on March 4, 2021, 351 days after the low.

Price behaviour

52-week range
$187.49 – $330.32
From 52-week high
−5.6%
vs 50-day average
+10.2%
vs 200-day average
+21.6%
Volatility (1 year)
30%
Beta vs S&P 500
-0.63

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.7%
After a week
5 up, 6 down
typical move ±4.8%
After a month
7 up, 4 down
typical move ±8.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +10.9% −2.1% — —
August 6, 2026 +0.5% +0.5% +4.8% +14.9%
May 7, 2026 −8.2% +0.5% −7.6% −9.3%
February 26, 2026 +6.8% −1.0% +13.1% +34.5%
October 30, 2025 +0.4% −0.8% −1.5% +0.1%
August 7, 2025 −1.9% +0.7% −1.2% −0.9%
May 8, 2025 −1.9% +0.6% −1.1% −4.0%
February 20, 2025 +1.1% −2.1% +0.5% +3.7%
October 31, 2024 +3.1% −1.5% +11.0% +22.6%
August 8, 2024 +3.4% +2.8% +4.2% +0.7%
May 3, 2024 −2.4% +2.3% −1.9% +0.4%
February 22, 2024 −4.1% +2.1% −5.7% −2.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Cheniere Energy, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cheniere Energy, Inc.
$14B $16B $18B $20B $22B $24B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $20.4B Revenue (TTM), FY24 Q1: $17.3B Revenue (TTM), FY24 Q2: $16.5B Revenue (TTM), FY24 Q3: $16.1B Revenue (TTM), FY24 Q4: $15.7B Revenue (TTM), FY25 Q1: $16.9B Revenue (TTM), FY25 Q2: $18.3B Revenue (TTM), FY25 Q3: $19B Revenue (TTM), FY25 Q4: $20B Revenue (TTM), FY26 Q1: $20.4B Revenue (TTM), FY26 Q2: $21.5B Revenue (TTM), FY26 Q3: $23.2B $23.2B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $20.4B
FY24 Q1 $17.3B
FY24 Q2 $16.5B
FY24 Q3 $16.1B
FY24 Q4 $15.7B
FY25 Q1 $16.9B
FY25 Q2 $18.3B
FY25 Q3 $19B
FY25 Q4 $20B
FY26 Q1 $20.4B
FY26 Q2 $21.5B
FY26 Q3 $23.2B
Revenue growth, TTM YoY Cheniere Energy, Inc.
-60% -40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -39.0% Revenue growth, TTM YoY, FY24 Q1: -47.9% Revenue growth, TTM YoY, FY24 Q2: -43.8% Revenue growth, TTM YoY, FY24 Q3: -34.7% Revenue growth, TTM YoY, FY24 Q4: -23.0% Revenue growth, TTM YoY, FY25 Q1: -2.6% Revenue growth, TTM YoY, FY25 Q2: 10.9% Revenue growth, TTM YoY, FY25 Q3: 17.8% Revenue growth, TTM YoY, FY25 Q4: 27.2% Revenue growth, TTM YoY, FY26 Q1: 20.8% Revenue growth, TTM YoY, FY26 Q2: 17.5% Revenue growth, TTM YoY, FY26 Q3: 22.5% 22.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -39.0%
FY24 Q1 -47.9%
FY24 Q2 -43.8%
FY24 Q3 -34.7%
FY24 Q4 -23.0%
FY25 Q1 -2.6%
FY25 Q2 10.9%
FY25 Q3 17.8%
FY25 Q4 27.2%
FY26 Q1 20.8%
FY26 Q2 17.5%
FY26 Q3 22.5%
Operating margin (TTM) Cheniere Energy, Inc.
0% 20% 40% 60% 80% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 75.9% Operating margin (TTM), FY24 Q1: 49.9% Operating margin (TTM), FY24 Q2: 48.1% Operating margin (TTM), FY24 Q3: 42.4% Operating margin (TTM), FY24 Q4: 39.0% Operating margin (TTM), FY25 Q1: 35.1% Operating margin (TTM), FY25 Q2: 37.6% Operating margin (TTM), FY25 Q3: 37.2% Operating margin (TTM), FY25 Q4: 45.6% Operating margin (TTM), FY26 Q1: 22.9% Operating margin (TTM), FY26 Q2: 29.9% Operating margin (TTM), FY26 Q3: 28.1% 28.1%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 75.9%
FY24 Q1 49.9%
FY24 Q2 48.1%
FY24 Q3 42.4%
FY24 Q4 39.0%
FY25 Q1 35.1%
FY25 Q2 37.6%
FY25 Q3 37.2%
FY25 Q4 45.6%
FY26 Q1 22.9%
FY26 Q2 29.9%
FY26 Q3 28.1%
FCF margin (TTM) Cheniere Energy, Inc.
0% 10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 30.9% FCF margin (TTM), FY24 Q1: 24.1% FCF margin (TTM), FY24 Q2: 21.5% FCF margin (TTM), FY24 Q3: 19.3% FCF margin (TTM), FY24 Q4: 20.1% FCF margin (TTM), FY25 Q1: 18.7% FCF margin (TTM), FY25 Q2: 12.9% FCF margin (TTM), FY25 Q3: 11.7% FCF margin (TTM), FY25 Q4: 12.3% FCF margin (TTM), FY26 Q1: 10.8% FCF margin (TTM), FY26 Q2: 13.0% FCF margin (TTM), FY26 Q3: 16.3% 16.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 30.9%
FY24 Q1 24.1%
FY24 Q2 21.5%
FY24 Q3 19.3%
FY24 Q4 20.1%
FY25 Q1 18.7%
FY25 Q2 12.9%
FY25 Q3 11.7%
FY25 Q4 12.3%
FY26 Q1 10.8%
FY26 Q2 13.0%
FY26 Q3 16.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Cheniere Energy took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $20B
  2. Selling, general and admin $383M · 1.9%
  3. Other operating costs $10.5B · 52.5%
  4. Operating income $9.1B · 45.6%
  5. Income tax $1.5B · 7.4%
  6. Interest and other $2.3B · 11.5%
  7. Net income $5.3B · 26.7%

Shares of revenue. Source: Cheniere Energy's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 0.2 0.3 0.3 0.3 0.3 0.3 0.3 1.3 5.6 8.0 9.7 9.4 15.9 33.4 20.4 15.7 20.0 23.2
Gross profit — — — — — — — 0.7 2.5 3.4 — — — — — — — —
EBITDA 0.1 0.2 0.1 −0.0 −0.3 −0.2 −0.4 0.1 1.7 2.5 3.2 3.6 0.3 5.7 16.7 7.3 10.4 8.0
Operating income 0.0 0.1 0.1 −0.1 −0.3 −0.3 −0.4 −0.0 1.4 2.0 2.4 2.6 −0.7 4.6 15.5 6.1 9.1 6.5
Net income −0.2 −0.1 −0.2 −0.3 −0.5 −0.5 −1.0 −0.6 −0.4 0.5 0.6 −0.1 −2.3 1.4 9.9 3.3 5.3 3.0
Diluted EPS −$3.13 −$1.37 −$2.60 −$1.83 −$2.32 −$2.44 −$4.30 −$2.67 −$1.68 $1.90 $2.51 −$0.34 −$9.25 $5.64 $40.72 $14.20 $24.13 $14.44
Growth (year on year)
Revenue — +60.9% −0.4% −8.3% +0.4% +0.3% +1.1% +373.4% +336.6% +42.6% +21.8% −3.8% +69.5% +110.7% −39.0% −23.0% +27.2% +22.5%
EBITDA — +116.0% −27.6% −107.8% — — — — +>999% +41.8% +27.6% +12.9% −91.3% — +193.9% −56.0% +42.1% −3.8%
Operating income — +345.3% −44.4% −230.4% — — — — — +45.8% +16.7% +11.4% −126.6% — +239.7% −60.4% +48.7% −7.5%
Net income — — — — — — — — — — +37.6% −113.1% — — +591.9% −67.1% +63.9% −24.1%
Diluted EPS — — — — — — — — — — +32.1% −113.5% — — +622.0% −65.1% +69.9% −19.6%
Margins
Gross margin — — — — — — — 54.6% 44.3% 42.4% — — — — — — — —
EBITDA margin 42.9% 57.6% 41.9% −3.5% −100.0% −77.6% −135.1% 11.2% 31.1% 31.0% 32.4% 38.1% 2.0% 17.0% 81.8% 46.8% 52.3% 34.5%
Operating margin 13.0% 35.9% 20.0% −28.5% −122.9% −101.6% −165.7% −2.3% 24.8% 25.3% 24.3% 28.1% −4.4% 13.6% 75.9% 39.0% 45.6% 28.1%
Net margin −89.2% −26.1% −68.4% −125.0% −190.1% −204.5% −359.8% −47.5% −7.0% 5.9% 6.7% −0.9% −14.8% 4.3% 48.5% 20.7% 26.7% 13.1%
Free-cash-flow margin — — — −460.4% <−999% <−999% <−999% −371.0% −38.0% −20.7% −12.6% −6.1% 9.5% 26.0% 30.9% 20.1% 12.3% 16.3%
Cash flow
Cash from operations −0.1 −0.0 −0.0 −0.1 −0.1 −0.3 −0.5 −0.4 1.2 2.0 1.8 1.3 2.5 10.5 8.4 5.4 5.5 7.2
Capital spending — — — 1.1 3.1 2.8 6.9 4.4 3.4 3.6 3.1 1.8 1.0 1.8 2.1 2.2 3.1 3.4
Free cash flow — — — −1.2 −3.2 −3.1 −7.3 −4.8 −2.1 −1.7 −1.2 −0.6 1.5 8.7 6.3 3.2 2.5 3.8
Stock-based pay 0.0 0.0 0.0 0.1 0.3 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.2 0.2 0.2
Free cash flow after stock pay — — — −1.3 −3.4 −3.2 −7.5 −4.9 −2.2 −1.8 −1.4 −0.7 1.4 8.5 6.0 2.9 2.3 3.6
Balance sheet
Cash 0.1 0.1 0.5 0.2 1.0 1.7 1.2 0.9 0.7 1.0 2.5 1.6 1.4 1.4 4.1 2.6 1.1 1.7
Total debt 0.0 2.9 3.0 2.2 6.6 10.0 17.3 22.7 26.1 29.2 31.5 31.5 30.4 25.1 23.9 23.1 23.0 24.1
Net debt (negative = net cash) −0.1 2.8 2.5 2.0 5.6 8.2 16.1 21.8 25.3 28.2 29.0 29.9 29.0 23.7 19.8 20.5 21.9 22.5
Diluted shares — 56m 76m 182m 219m 224m 227m 229m 233m 248m 258m 252m 253m 253m 243m 229m 220m 210m
Returned to shareholders
Dividends — — — — — — — — — — 0.0 0.0 0.1 0.3 0.4 0.4 0.5 0.5
Buybacks 0.0 0.0 0.0 0.0 — — — — 0.0 0.0 0.2 0.2 0.0 1.4 1.5 2.3 2.7 2.9
Total returned 0.0 0.0 0.0 0.0 — — — — 0.0 0.0 0.2 0.2 0.1 1.7 1.9 2.7 3.2 3.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $48.8bn
Short-term assets $4.7bnLonger-term assets $44.1bn
What it owes, and who funded it · $43.4bn
Short-term liabilities $5.2bnLonger-term liabilities $31.6bnShareholders' equity $6.6bn
  • Short-term assets cover short-term liabilities $4.7bn of assets due within a year against $5.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.7bn short-term assets against $31.6bn of longer-dated liabilities.
  • More cash than debt $1.7bn of cash against $23.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 365% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $7.2bn of operating cash flow against $23.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $6.5bn against $1.1bn of interest.

From Cheniere Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$2.9B
Dividends (TTM)
$466M
Returned to shareholders
88%
of free cash flow
Buybacks, last 3 fiscal years
$6.5B
Diluted share count
−5.6%
year over year
Total shareholder yield
5.2%
dividends 0.7% + buybacks 4.4% of market value
Dividend payout ratio
15%
of net income paid out
Sales & admin spending
1.8%
of revenue
Days sales outstanding
22 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated LNG KMI TRGP MPLX WMB OKE Median
Revenue, last 12 months $23.2bn $18.3bn $16.7bn $13.2bn $12.5bn $43.2bn $2.0bn
Revenue growth, last 12 months 22.5% 11.7% −2.0% 8.7% 8.8% 36.8% 8.8%
Revenue growth, 3-year average −2.0% 4.9% −2.1% 4.9% 4.2% 35.2% 4.0%
Revenue growth, latest quarter 39.0% 9.3% 4.2% 10.3% 10.3% 44.3% 10.7%
Gross margin 42.6% 51.8% 43.2% — — 25.2% 42.6%
Operating margin 28.1% 29.0% 22.9% 44.4% 37.5% 14.2% 27.3%
Operating margin, 3-year average 35.9% 28.4% 18.4% 44.0% 35.4% 18.4% 20.8%
Net margin 13.1% 19.6% 13.5% 35.7% 25.0% 9.4% 13.1%
Cash from operations / revenue 30.9% 36.7% 25.6% 45.2% 48.5% 13.7% 29.5%
Free-cash-flow margin 16.3% 16.8% 4.4% 25.2% −12.6% 5.9% 11.8%
Free-cash-flow margin, 3-year average 15.8% 19.9% 3.2% 35.0% 10.9% 9.6% 8.8%
Stock pay / revenue 0.8% — 0.5% 0.2% 0.7% 0.4% 0.5%
Change in share count −5.6% 0.1% −1.5% — 0.4% 2.8% 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth 22.5% 8.8% 5 of 29
Change in growth rate Growth +4.9pp +0.5pp 12 of 29
Operating margin Profitability 28.1% 28.1% 14 of 27
Net margin Profitability 13.1% 13.1% 15 of 29
Free-cash-flow margin Cash generation 16.3% 13.6% 11 of 28
Stock pay as % of revenue Cash generation 0.8% 0.8% 11 of 20
Long-term debt as % of assets Balance sheet 46.2% 46.2% 14 of 26
Change in share count Balance sheet -5.6% 0.2% 1 of 19
Days sales outstanding Balance sheet 22 days 43 days 4 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Liquefied Natural Gas $19.4B 96.2% ▲ 30.4%
Other $405M 2.0% ▼ 39.5%
Liquefied Natural Gas Procured From Third Parties $226M 1.1% ▼ 19.3%
Regasification Service $136M 0.7% ▲ 0.7%

From Cheniere Energy, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$44.2B
Institutions reporting
1,328
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
143 / 170

Top buyers and sellers, Q2 2026: 662 institutions bought and 640 sold ; the biggest buyer was Wellington Management Group LLP (+1.7M shares) and the biggest seller Two Sigma Investments, LP (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $4.2B 17.7M 9.6% ▼ 0.8%
Vanguard Portfolio Management LLC $2.3B 9.6M 5.2% ▲ 3.0%
Vanguard Capital Management LLC $2.3B 9.5M 5.1% ▲ 3.6%
State Street Corp $1.4B 5.9M 3.2% ▼ 4.1%
FMR LLC $1.2B 4.9M 2.7% ▲ 26.6%
Morgan Stanley $1.1B 4.6M 2.5% ▼ 12.2%
Geode Capital Management, LLC $886M 3.7M 2.0% ▼ 5.8%
Norges Bank $856M 3.6M 1.9% —
Jpmorgan Chase & Co $759M 3.1M 1.7% ▼ 21.7%
Canada Pension Plan Investment Board $744M 3.1M 1.7% ▼ 23.6%
Tortoise Capital Advisors, L.L.C. $703M 2.9M 1.6% ▲ 15.0%
Manufacturers Life Insurance Company, The $629M 2.6M 1.4% ▼ 28.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cheniere Energy, Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 2 trades by 1 insider, last 12 months Insider sales History → $29.4M 7 trades by 5 insiders · 0% under pre-set plans
Net ▼ $28.4M net selling
Insider Date Trade Shares Price Value
Davis Zach EVP & CFO March 30, 2026 Sell 29,000 $300.00 $8.7M
Botta G Andrea Director March 27, 2026 Sell 5,000 $296.47 $1.5M
Markowitz Sean N EVP, CLO and Corp Sec March 26, 2026 Sell 8,810 $290.50 $2.6M
Markowitz Sean N EVP, CLO and Corp Sec March 26, 2026 Sell 13,436 $291.30 $3.9M
Feygin Anatol EVP & Chief Commercial Officer March 26, 2026 Sell 30,183 $290.89 $8.8M
Feygin Anatol EVP & Chief Commercial Officer March 26, 2026 Sell 10,249 $291.24 $3M
Shear Neal A Director March 2, 2026 Sell 4,100 $248.71 $1M
Moreland W Benjamin Director November 4, 2025 Buy 1,100 $208.77 $229,647
Moreland W Benjamin Director November 4, 2025 Buy 3,900 $208.06 $811,434

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 25 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Cheniere Energy, Inc. shares.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded December 12, 2025, filed January 14, 2026
  • Jefferson Shreve(R-IN 6):Sale (full), $15,001 - $50,000, traded May 12, 2025, filed June 22, 2025
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded April 22, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • October 30, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Cheniere Energy, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cheniere Energy, Inc. in brief

What does Cheniere Energy, Inc. do?
Cheniere Energy, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Cheniere Energy, Inc.'s stock ticker?
Cheniere Energy, Inc. trades under the ticker LNG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cheniere Energy, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cheniere Energy, Inc. reported revenue of $23.2B, 22.5% higher than a year earlier, according to its SEC filings.
What is Cheniere Energy, Inc.'s free cash flow?
Cheniere Energy, Inc.'s free-cash-flow margin is 16.3% of revenue over the trailing twelve months, ranking 11 of the 28 oil & gas storage & transportation companies we cover.
Who are Cheniere Energy, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Cheniere Energy, Inc. buying back stock, and does it pay a dividend?
Cheniere Energy, Inc. spent $2.9B on share repurchases over the trailing twelve months, and its diluted share count fell 5.6% over the year.
What is Cheniere Energy, Inc.'s market cap?
On November 2, 2026, Cheniere Energy, Inc.'s market capitalisation was about $65.6B, with a price-to-earnings ratio of 21.6 and net debt of $22.5B. Market figures come from third-party market data and may be delayed.
Does Cheniere Energy, Inc. pay a dividend?
Yes: Cheniere Energy, Inc. paid $466M in dividends over the trailing twelve months, a dividend yield of 0.72% and a payout ratio of 15.3%.
How much debt does Cheniere Energy, Inc. have?
Cheniere Energy, Inc.'s debt-to-equity ratio is 365.1%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Cheniere Energy, Inc.'s competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Cheniere Energy, Inc. are Kinder Morgan, Targa Resources, Mplx LP, Williams Companies and Oneok. The side-by-side comparison below sets their revenue, margins and growth against Cheniere Energy, Inc.'s.
Are insiders buying or selling Cheniere Energy, Inc. stock?
Over the last 12 months, Cheniere Energy, Inc.'s directors and officers reported 2 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Cheniere Energy, Inc.'s next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cheniere Energy, Inc. announces its own schedule.