Cheniere Energy Inc. (LNG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$3.15	$3.02	-4.1%	—	$5.7B	—
Q4 25	$3.87	$2.59	-33.1%	—	$5.5B	—
Q3 25	$2.78	$2.65	-4.7%	—	$4.4B	—
Q2 25	$2.42	$1.88	-22.3%	—	$4.6B	—
Q1 25	$3.19	$3.7	+16.0%	—	$5.4B	—
Q4 24	$3.2	$2.54	-20.6%	—	$4.4B	—
Q3 24	$1.95	$2.19	+12.3%	—	$3.8B	—
Q2 24	$1.74	$1.6	-8.0%	—	$3.3B	—
Q1 24	$2.32	$3.21	+38.4%	—	$4.3B	—
Q4 23	$2.71	$2.04	-24.7%	—	$4.8B	—
Q3 23	$2.48	$2.29	-7.7%	—	$4.2B	—
Q2 23	$2.95	$3.1	+5.1%	—	$4.1B	—
Q1 23	$6.65	$6.06	-8.9%	—	$7.3B	—
Q4 22	$7.08	$3.19	-54.9%	—	$9.1B	—
Q3 22	$4.88	$7.54	+54.5%	—	$8.9B	—
Q2 22	$3.74	$5.4	+44.4%	—	$8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$24.2	—	—	$20B	—
FY24	—	$14.2	—	—	$15.7B	—
FY23	—	$41	—	—	$20.4B	—
FY22	—	$5.69	—	—	$33.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$5.6B	$8B	$9.7B	$9.4B	$15.9B	$33.4B	$20.4B	$15.7B	$20B
YoY change	+373.4%	+336.6%	+42.6%	+21.8%	-3.82%	+69.5%	+110.7%	-39%	-23%	+27.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	5.6B	8B	9.7B	9.4B	15.9B	33.4B	20.4B	15.7B	20B
Cost of revenue	972M	3.9B	5.7B	7B	6.4B	16.2B	28.4B	4.4B	9.1B	10.4B
Gross profit	311M	1.7B	2.3B	2.7B	2.9B	-364M	5B	16B	6.6B	9.5B
Gross margin	24.2%	30%	29.1%	27.8%	31.5%	-2.29%	14.9%	78.5%	42.1%	47.7%
Research & development	—	—	—	—	—	7M	16M	—	—	—
Selling, general & administrative	260M	266M	296M	319M	308M	325M	416M	474M	441M	383M
Operating expenses	267M	276M	303M	319M	308M	344M	453M	518M	477M	419M
Operating income	44M	1.4B	2B	2.4B	2.6B	-701M	4.6B	15.5B	6.1B	9.1B
Operating margin	3.43%	25.2%	25.4%	24.5%	28.2%	-4.42%	13.6%	75.9%	39%	45.6%
Non-operating income, net	-219M	-100M	70M	-237M	-568M	-142M	-116M	19M	-4M	12M
Pretax income	-663M	566M	1.2B	715M	544M	-2.3B	3.1B	14.6B	5.3B	8.3B
Income tax	2M	3M	27M	-517M	43M	-713M	459M	2.5B	811M	1.5B
Net income	-665M	563M	1.2B	1.2B	501M	-1.6B	2.6B	12.1B	4.5B	6.8B
Net margin	-51.8%	10.1%	15%	12.7%	5.35%	-9.87%	7.88%	59.1%	28.6%	34%
EBITDA	213M	1.8B	2.5B	3.1B	3.4B	287M	5.7B	16.9B	7.5B	10.6B
EPS	-2.67	-1.68	1.92	2.53	-0.34	-9.25	5.69	41	14.2	24.2
Diluted EPS	-2.67	-1.68	1.9	2.51	-0.34	-9.25	5.64	40.7	14.2	24.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4.2B	4.8B	4.3B	3.3B	3.8B	4.4B	5.4B	4.6B	4.4B	5.5B	5.9B	5.7B
Cost of revenue	1.3B	2.2B	3B	1.6B	2B	2.5B	4.4B	2B	2.5B	1.5B	9.2B	1.4B
Gross profit	2.9B	2.6B	1.3B	1.7B	1.8B	1.9B	1.1B	2.6B	1.9B	3.9B	-3.3B	4.4B
Gross margin	68.8%	54.6%	29.7%	52.3%	46.6%	42.6%	20%	56.8%	42.9%	71.6%	-57.1%	76.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	102M	178M	101M	99M	99M	142M	116M	99M	81M	87M	136M	88M
Operating expenses	105M	198M	110M	112M	105M	150M	127M	106M	89M	97M	140M	90M
Operating income	2.8B	2.4B	1.2B	1.6B	1.6B	1.7B	961M	2.5B	1.8B	3.8B	-3.5B	4.3B
Operating margin	66.2%	50.5%	27.1%	48.8%	43.8%	39.2%	17.7%	54.5%	40.9%	69.8%	-59.4%	74.8%
Non-operating income, net	1M	-3M	-1M	-6M	-3M	6M	20M	-1M	-5M	-2M	-26M	-14M
Pretax income	2.5B	2.2B	948M	1.4B	1.4B	1.5B	789M	2.3B	1.6B	3.6B	-3.8B	4B
Income tax	440M	400M	109M	210M	231M	261M	121M	426M	303M	638M	-341M	366M
Net income	2.1B	1.8B	839M	1.2B	1.2B	1.3B	668M	1.9B	1.3B	2.9B	-3.4B	3.6B
Net margin	50.3%	37.9%	19.7%	35.7%	32.1%	28.9%	12.3%	40.9%	29.2%	53.8%	-58.1%	63.5%
EBITDA	3.1B	2.8B	1.5B	1.9B	2B	2.1B	1.3B	2.9B	2.2B	4.2B	-3.1B	4.7B
EPS	7.08	—	2.14	3.85	3.95	4.35	1.57	7.32	4.76	10.7	-16.6	14.7
Diluted EPS	7.03	—	2.13	3.84	3.93	4.33	1.57	7.3	4.75	10.7	-16.6	14.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	9.5B	12.6B	14.5B	15.6B	15.2B	25.7B	37.7B	41.1B	49.1B	42.7B	55.7B
Enterprise value	30.5B	37.2B	42B	44.4B	45.2B	56.2B	64.3B	63.9B	72B	67.1B	87.6B
Shares outstanding	228.8M	233.1M	245.6M	256.2M	252.4M	253.4M	251.1M	241M	228.4M	219.7M	219.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	22.3	12.1	12.7	30.2	—	14.3	3.41	10.9	6.29	20.4
P/S	7.39	2.24	1.82	1.61	1.62	1.62	1.13	2.02	3.13	2.14	2.66
P/B	11.3	10.1	7.54	6.43	6.83	-778.8	-220.2	4.56	4.88	3.27	9.06
EV/EBITDA	143.4	20.9	16.7	14.1	13.1	196	11.3	3.78	9.55	6.35	11.2
EV/Sales	23.8	6.64	5.26	4.57	4.83	3.55	1.92	3.13	4.59	3.36	4.19
Earnings yield	—	4.49%	8.25%	7.87%	3.31%	—	7%	29.3%	9.15%	15.9%	4.9%
FCF yield	-50.2%	-16.9%	-11.4%	-7.82%	-3.79%	5.85%	23.1%	15.3%	6.43%	5.76%	1.29%
PEG	—	—	—	—	—	—	—	—	—	—	0.2

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	24.2%	30%	29.1%	27.8%	31.5%	-2.29%	14.9%	78.5%	42.1%	47.7%	76.4%
Operating margin	3.43%	25.2%	25.4%	24.5%	28.2%	-4.42%	13.6%	75.9%	39%	45.6%	75%
Net margin	-51.8%	10.1%	15%	12.7%	5.35%	-9.87%	7.88%	59.1%	28.6%	34%	13.9%
ROE	-79.3%	45.4%	62.2%	50.6%	22.6%	4.7K%	-1.5K%	133.7%	44.7%	51.9%	39.1%
ROA	-2.81%	2.02%	3.75%	3.47%	1.4%	-3.99%	6.39%	28%	10.2%	14.2%	8.63%
ROIC	0.2%	5.44%	6.75%	7.64%	7.53%	-2.3%	14.7%	40.4%	15.7%	19.9%	14.3%
Return on tangible assets	-2.82%	2.03%	3.77%	3.49%	1.41%	-4%	6.41%	28.1%	10.3%	14.2%	9.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.08	2.69	2.43	2.25	1.44	1.08	0.83	1.63	1.08	0.94	0.87
Quick ratio	1.93	2.5	2.25	2.08	1.31	0.93	0.7	1.51	0.97	0.81	0.72
Debt / equity	26.1	20.4	14.8	12.8	14.3	-968.2	-163.4	2.97	2.54	1.95	2.43
Debt / assets	0.93	0.91	0.89	0.88	0.89	0.81	0.68	0.62	0.58	0.53	0.55
Net debt / EBITDA	98.9	13.8	10.9	9.16	8.71	106.4	4.68	1.34	3.04	2.31	3.21
Interest coverage	-0.37	1.76	2.42	1.5	1.36	-0.58	3.2	13.8	6.25	9.74	6.3
Effective tax rate	0%	0.53%	2.2%	0%	7.9%	0%	14.8%	17.3%	15.3%	18%	17.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.61	24	32.5	38	37.1	62.6	133.1	84.6	68.8	90.9	98.1
EPS (basic)	-2.67	-1.68	1.92	2.53	-0.34	-9.25	5.69	41	14.2	24.2	24.2
EPS (diluted)	-2.67	-1.68	1.9	2.51	-0.34	-9.25	5.64	40.7	14.2	24.1	13.2
Book value per share	3.67	5.32	7.85	9.5	8.79	-0.13	-0.68	37.4	44	59.5	29.8
FCF per share	-20.8	-9.12	-6.73	-4.77	-2.27	5.93	34.6	26.1	13.8	11.2	13.3
Cash per share	3.83	3.1	3.99	9.66	6.45	5.54	5.39	16.9	11.5	5	5.4
Capex per share	19	14.4	14.8	11.9	7.29	3.54	7.28	8.8	9.8	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	339.5%	59.9%	45.6%	31.4%	19.7%	5.66%	5.47%	10.4%	14.3%	—	—
Capex / operating cash flow	-740.8%	319.7%	191.3%	178%	144.7%	-17.7%	58%	12.7%	38.7%	—	—
Payout ratio	—	—	—	0%	0%	-5.43%	13.2%	3.26%	9.17%	6.64%	16.4%
Dividend yield	—	—	—	0%	0%	0.33%	0.93%	0.96%	0.84%	1.06%	0.83%

Yield

0.83%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.555

ex-dividend Aug 10, 2026

Payout ratio

16%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.555
May 11, 2026	$0.555
Feb 6, 2026	$0.555
Nov 7, 2025	$0.555
Aug 8, 2025	$0.50
May 9, 2025	$0.50
Feb 7, 2025	$0.50
Nov 8, 2024	$0.50

Split history

Date	Ratio

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4.2B	$4.8B	$4.3B	$3.3B	$3.8B	$4.4B	$5.4B	$4.6B	$4.4B	$5.5B	$5.9B	$5.7B
YoY change	-53%	-46.9%	-41.8%	-20.7%	-9.52%	-8.02%	+28%	+42.8%	+18%	+22.9%	+7.79%	+23.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	876M	722M	981M	2.5B	1.6B	1.4B	1.4B	4.1B	2.6B	1.1B
Receivables	209M	350M	535M	441M	595M	1.4B	1.8B	980M	661M	1.2B
Inventory	160M	243M	316M	312M	292M	706M	826M	445M	501M	524M
Total current assets	2.2B	3.4B	4.2B	4.2B	3.2B	5.1B	5.6B	6.3B	4.8B	3.7B
Property, plant & equipment	20.6B	24B	27.2B	30.1B	31.2B	32.4B	34.2B	35.1B	36.2B	38.5B
Goodwill & intangibles	154M	154M	154M	154M	154M	154M	154M	154M	154M	154M
Total assets	23.7B	27.9B	32B	35.5B	35.7B	39.3B	41.3B	43.1B	43.9B	47.9B
Accounts payable	49M	25M	58M	66M	35M	155M	124M	181M	171M	123M
Short-term debt	247M	—	239M	236M	533M	902M	1.4B	955M	943M	845M
Total current liabilities	1.1B	1.3B	1.7B	1.9B	2.2B	4.7B	6.8B	3.9B	4.4B	3.9B
Long-term debt	21.7B	25.3B	28.2B	31B	31.1B	31B	26.5B	25.8B	24.6B	24.7B
Total liabilities	22.9B	26.7B	30.1B	33.1B	33.5B	39.3B	41.4B	34.1B	33.8B	34.8B
Shareholders' equity	839M	1.2B	1.9B	2.4B	2.2B	-33M	-171M	9B	10.1B	13.1B
Total debt	21.9B	25.3B	28.5B	31.3B	31.7B	31.9B	27.9B	26.8B	25.6B	25.5B
Net debt	21.1B	24.6B	27.5B	28.8B	30B	30.5B	26.6B	22.7B	22.9B	24.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	3.9B	4.1B	4.4B	2.4B	2.7B	2.6B	2.5B	1.6B	1.1B	1.1B	1.3B	1.1B
Receivables	741M	980M	622M	647M	610M	661M	943M	706M	799M	1.2B	1.1B	1.2B
Inventory	400M	445M	363M	387M	394M	501M	525M	482M	458M	524M	678M	723M
Total current assets	5.8B	6.3B	6.1B	4.3B	4.5B	4.8B	4.7B	3.7B	3.5B	3.7B	4.2B	4.1B
Property, plant & equipment	34.6B	35.1B	35.6B	35.9B	36.1B	36.2B	36.9B	37.6B	38B	38.5B	39.4B	39.7B
Goodwill & intangibles	154M	154M	—	—	—	154M	—	—	—	154M	—	—
Total assets	41.7B	43.1B	42.9B	42.3B	43.1B	43.9B	43.5B	44.6B	45.1B	47.9B	46.8B	48B
Accounts payable	126M	181M	102M	124M	137M	171M	182M	161M	279M	123M	241M	293M
Short-term debt	961M	955M	4.3B	1.4B	1.3B	943M	680M	1.2B	1.1B	845M	2.2B	2B
Total current liabilities	3.8B	3.9B	6.2B	4.2B	4.2B	4.4B	4B	3.8B	3.7B	3.9B	7.3B	4.7B
Long-term debt	25.8B	25.8B	24.1B	25.3B	25.3B	24.6B	24.7B	24.2B	24B	24.7B	24.2B	24.6B
Total liabilities	33.8B	34.1B	34.6B	33.7B	33.7B	33.8B	33.4B	33.3B	33.6B	34.8B	38.2B	36.5B
Shareholders' equity	7.9B	9B	8.3B	8.6B	9.4B	10.1B	10.1B	11.3B	11.5B	13.1B	8.7B	11.5B
Total debt	26.7B	26.8B	28.4B	26.7B	26.6B	25.6B	25.3B	25.4B	25.2B	25.5B	26.4B	26.6B
Net debt	22.9B	22.7B	24B	24.3B	23.9B	22.9B	22.8B	23.8B	24.1B	24.4B	25.1B	25.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-665M	563M	1.2B	1.2B	501M	-1.6B	2.6B	12.1B	4.5B	6.8B
Depreciation & amortization	174M	356M	449M	794M	932M	1B	1.1B	1.2B	1.2B	1.3B
Stock-based compensation	101M	91M	113M	131M	110M	140M	205M	250M	215M	161M
Change in working capital	-296M	6M	-8M	-303M	-553M	-2.5B	-490M	805M	-436M	-1.5B
Operating cash flow	-588M	1.1B	1.9B	1.7B	1.3B	-5.1B	3.2B	16.7B	5.8B	5.5B
Capital expenditure	-4.4B	-3.4B	-3.6B	-3.1B	-1.8B	-898M	-1.8B	-2.1B	-2.2B	—
Investing cash flow	-4.4B	-3.4B	-3.7B	-3.2B	-1.9B	-912M	-1.8B	-2.2B	-2.3B	66M
Dividends paid	—	—	—	0	0	-85M	-349M	-393M	-412M	-451M
Share repurchases	—	0	0	-249M	-155M	-9M	-1.4B	-1.5B	-2.3B	-2.7B
Financing cash flow	4.9B	2.9B	2.2B	1.2B	-235M	-1.8B	-8B	-4.2B	-4.5B	-4.1B
Net change in cash	-93M	605M	457M	-278M	-911M	-7.8B	-6.7B	10.3B	-948M	1.5B
Free cash flow	-4.8B	-2.1B	-1.7B	-1.2B	-574M	1.5B	8.7B	6.3B	3.2B	2.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	1.3B	2.9B	-3.4B	3.6B
Depreciation & amortization	—	—	—	—	—	—	—	—	338M	350M	373M	380M
Stock-based compensation	—	—	—	—	—	—	—	—	35M	21M	78M	37M
Change in working capital	—	—	—	—	—	—	—	—	-733M	-290M	-577M	-205M
Operating cash flow	—	—	—	—	—	—	—	—	1.4B	2.1B	1.1B	1.6B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	79M	-3M	-6M	-5M
Dividends paid	—	—	—	—	—	—	—	—	-109M	-119M	-117M	-116M
Share repurchases	-358M	-341M	-1.2B	-510M	-282M	-281M	-363M	-327M	-997M	-1B	-537M	-576M
Financing cash flow	-358M	-341M	-1.2B	-510M	-282M	-281M	-363M	-327M	-1.4B	-1.1B	-149M	-644M
Net change in cash	-358M	-341M	-1.2B	-510M	-282M	-281M	-363M	-327M	147M	932M	925M	929M
Free cash flow	—	—	—	—	—	—	—	—	738M	1.3B	344M	398M

Apr 25, 2005	2:1
Oct 18, 2000	1:4
Jul 8, 1996	1:3
Jul 19, 1994	1:6

Cheniere Energy Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement