Cheniere Energy (LNG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LNG SEC filings page.
Cheniere Energy (LNG) reported $21.5B in revenue over the twelve months to Jun 30, 2026, up 17.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Strong accounting profits are increasingly absorbed by reinvestment and shareholder distributions, while debt falls and liquidity tightens.
By FY2025, revenue was nearly back to FY2023's level, but net margin had fallen from59.1% to34.0% , indicating that FY2023's exceptional margin was not the durable operating baseline. Free cash flow conversion also weakened to12.3% as capital spending reached$3.1B , so more of each sales dollar was being reinvested rather than converted into distributable cash.
Equity turned positive by FY2023 and reached
FY2025's current ratio of 0.9x and current assets of
Financial Health Signals
Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Cheniere Energy's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cheniere Energy has an operating margin of 45.6%, meaning the company retains $46 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is up from 39.0% the prior year.
Cheniere Energy's revenue surged 27.2% year-over-year to $20.0B, reflecting rapid business expansion. This strong growth earns a score of 42/100.
Cheniere Energy has a moderate D/E ratio of 2.84. This balance of debt and equity financing earns a leverage score of 31/100.
Cheniere Energy's current ratio of 0.94 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Cheniere Energy converts 12.3% of revenue into free cash flow ($2.5B). This strong cash generation earns a score of 83/100.
Cheniere Energy earns a strong 85.8% return on equity (ROE), meaning it generates $86 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is up from 78.8% the prior year.
Cheniere Energy scores 2.45, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Cheniere Energy passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cheniere Energy generates $0.82 in operating cash flow ($5.5B OCF vs $6.8B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Cheniere Energy earns $9.61 in operating income for every $1 of interest expense ($9.1B vs $948.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Cheniere Energy generated $5.7B in revenue in Q2 2026. This represents an increase of 23.5% from the same quarter a year earlier. Against the prior quarter it is down 2.3%.
Cheniere Energy's EBITDA was $4.7B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 63.3% from the same quarter a year earlier. Against the prior quarter it is up 249.9%.
Cheniere Energy reported $3.1B in net income in Q2 2026. This represents an increase of 88.7% from the same quarter a year earlier. Against the prior quarter it is up 187.6%.
Cheniere Energy earned $14.65 per diluted share (EPS) in Q2 2026. This represents an increase of 100.7% from the same quarter a year earlier. Against the prior quarter it is up 188.0%.
Cash & Balance Sheet
Cheniere Energy generated $398.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 306.2% from the same quarter a year earlier. Against the prior quarter it is up 15.7%.
Cheniere Energy held $1.1B in cash against $22.6B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Cheniere Energy's gross margin was 92.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 16.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 134.1 percentage points.
Cheniere Energy's operating margin was 74.8% in Q2 2026, reflecting core business profitability. This is up 20.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 134.3 percentage points.
Cheniere Energy's net profit margin was 53.5% in Q2 2026, showing the share of revenue converted to profit. This is up 18.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 113.2 percentage points.
Cheniere Energy's ROE was 49.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 25.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 142.8 percentage points.
Capital Allocation
Cheniere Energy spent $576.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 76.1% from the same quarter a year earlier. Against the prior quarter it is up 7.3%.
Cheniere Energy invested $1.2B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 15.2% from the same quarter a year earlier. Against the prior quarter it is up 60.3%.
Not reported for Q2 2026.
LNG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7B+23.5% | $5.9B+7.8% | $5.5B+22.9% | $4.4B+18.0% | $4.6B+42.8% | $5.4B+28.0% | $4.4B-8.0% | $3.8B-9.5% |
| Cost of Revenue | $439.0M-60.7% | $8.3B+132.9% | $712.0M-59.2% | $1.8B+39.4% | $1.1B+42.5% | $3.6B+59.7% | $1.7B+22.4% | $1.3B+125.7% |
| Gross Profit | $5.3B+50.2% | -$2.5B-230.8% | $4.7B+76.1% | $2.7B+7.3% | $3.5B+42.8% | $1.9B-7.1% | $2.7B | $2.5B-30.4% |
| SG&A Expenses | $88.0M-11.1% | $136.0M+17.2% | $87.0M-38.7% | $81.0M-18.2% | $99.0M0.0% | $116.0M+14.9% | $142.0M-20.2% | $99.0M-2.9% |
| Operating Income | $4.3B+69.6% | -$3.5B-463.0% | $3.8B+118.7% | $1.8B+10.3% | $2.5B+59.3% | $961.0M-16.7% | $1.7B-28.6% | $1.6B-40.2% |
| EBITDA | $4.7B+63.3% | -$3.1B-344.7% | $4.2B+102.9% | $2.2B+10.3% | $2.9B+51.1% | $1.3B-12.6% | $2.0B-25.3% | $2.0B-36.0% |
| Interest Expense | $287.0M+21.1% | $255.0M+11.4% | $246.0M+2.5% | $236.0M-4.5% | $237.0M-7.8% | $229.0M-13.9% | $240.0M-11.1% | $247.0M-12.7% |
| Income Tax | $366.0M-14.1% | -$341.0M-381.8% | $638.0M+144.4% | $303.0M+31.2% | $426.0M+102.9% | $121.0M+11.0% | $261.0M-34.8% | $231.0M-47.5% |
| Net Income | $3.1B+88.7% | -$3.5B-1092.1% | $3.8B+69.9% | $1.0B+17.5% | $1.6B+84.8% | $353.0M-29.7% | $2.2B-37.6% | $893.0M-47.5% |
| EPS (Basic) | $14.68+100.5% | -$16.65-1160.5% | $10.56+143.9% | $4.76+20.5% | $7.32+90.1% | $1.57-26.6% | $4.33-26.2% | $3.95-44.2% |
| EPS (Diluted) | $14.65+100.7% | -$16.65-1160.5% | $10.54+144.0% | $4.75+20.9% | $7.30+90.1% | $1.57-26.3% | $4.32-26.2% | $3.93-44.1% |
| Diluted Shares (Avg) | 210M-5.8% | 211M-6.1% | N/A | 220M-3.1% | 222M-2.9% | 224M-4.6% | N/A | 227M-6.2% |
Not reported in any period shown, so not listed: R&D Expenses.
LNG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $48.0B+7.6% | $46.8B+7.6% | $47.9B+9.2% | $45.1B+4.7% | $44.6B+5.4% | $43.5B+1.5% | $43.9B+1.8% | $43.1B+3.3% |
| Current Assets | $4.1B+11.0% | $4.2B-12.0% | $3.7B-23.1% | $3.5B-21.4% | $3.7B-14.6% | $4.7B-22.6% | $4.8B-24.2% | $4.5B-22.8% |
| Cash & Equivalents | $1.1B-33.3% | $1.3B-48.0% | $1.1B-58.3% | $1.1B-59.6% | $1.6B-32.5% | $2.5B-43.1% | $2.6B-35.1% | $2.7B-31.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $723.0M+50.0% | $678.0M+29.1% | $524.0M+4.6% | $458.0M+16.2% | $482.0M+24.5% | $525.0M+44.6% | $501.0M+12.6% | $394.0M-1.5% |
| Accounts Receivable | $1.2B | $1.1B | $1.2B+87.1% | $799.0M | N/A | N/A | $661.0M | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | $77.0M0.0% | N/A | N/A | N/A | $77.0M0.0% | N/A |
| Total Liabilities | $36.5B+9.7% | $38.2B+14.1% | $34.8B+3.0% | $33.6B-0.2% | $33.3B-1.2% | $33.4B-3.4% | $33.8B-0.8% | $33.7B-10.3% |
| Current Liabilities | $4.7B+25.1% | $7.3B+82.8% | $3.9B-11.8% | $3.7B-10.0% | $3.8B-10.9% | $4.0B-35.9% | $4.4B+14.2% | $4.2B+10.6% |
| Non-Current Liabilities | $31.8B+7.7% | $30.9B+4.9% | $30.9B+5.2% | $29.9B+1.1% | $29.5B+0.2% | $29.5B+3.8% | $29.4B-2.7% | $29.6B-12.6% |
| Long-Term Debt | $22.6B+2.8% | $22.1B-1.6% | $22.5B-0.2% | $22.0B-2.6% | $22.0B-2.6% | $22.5B+5.2% | $22.6B-3.6% | $22.5B-3.6% |
| Total Equity | $6.2B-7.7% | $3.8B-32.7% | $7.9B+38.9% | $6.7B+32.3% | $6.7B+50.2% | $5.6B+31.3% | $5.7B+12.6% | $5.1B+23.1% |
| Retained Earnings | $11.6B+28.3% | $8.6B+13.1% | $12.2B+65.8% | $10.1B+54.4% | $9.0B+60.4% | $7.6B+54.1% | $7.4B+62.4% | $6.5B+99.3% |
LNG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6B+89.9% | $1.1B-12.1% | $2.1B+25.2% | $1.4B+2.4% | $831.0M-25.5% | $1.2B-1.4% | $1.6B-4.6% | $1.4B-18.1% |
| Depreciation & Amortization | $380.0M+15.5% | $373.0M+19.6% | $350.0M+13.6% | $338.0M+10.5% | $329.0M+8.2% | $312.0M+3.3% | $308.0M+1.3% | $306.0M+2.7% |
| Stock-Based Compensation | N/A | $78.0M+39.3% | N/A | N/A | N/A | $56.0M+40.0% | N/A | N/A |
| Capital Expenditures | $1.2B+15.2% | $736.0M+18.1% | $744.0M+30.8% | $687.0M+33.1% | $1.0B+103.6% | $623.0M-4.2% | $569.0M-17.7% | $516.0M+33.7% |
| Free Cash Flow | $398.0M+306.2% | $344.0M-43.1% | $1.3B+22.3% | $738.0M-15.7% | -$193.0M-131.5% | $605.0M+1.5% | $1.1B+4.2% | $875.0M-33.3% |
| Investing Cash Flow | -$1.2B-15.5% | -$742.0M-35.2% | -$749.0M-30.7% | -$688.0M-32.1% | -$1.0B-97.7% | -$549.0M+17.6% | -$573.0M+20.9% | -$521.0M-27.1% |
| Financing Cash Flow | -$644.0M+1.8% | -$149.0M+85.1% | -$1.1B-16.9% | -$1.4B-81.7% | -$656.0M+73.6% | -$997.0M-277.7% | -$958.0M-27.1% | -$747.0M+65.6% |
| Dividends Paid | $116.0M+4.5% | $117.0M+4.5% | $119.0M+6.3% | $109.0M+11.2% | $111.0M+14.4% | $112.0M+6.7% | $112.0M+9.8% | $98.0M+2.1% |
| Share Buybacks | $576.0M+76.1% | $537.0M+47.9% | $1.0B+269.0% | $997.0M+253.5% | $327.0M-35.9% | $363.0M-69.5% | $281.0M-17.6% | $282.0M-21.2% |
LNG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.3%+16.4pp | -41.8%-76.1pp | 86.9%+26.3pp | 60.6%-6.1pp | 75.9%0.0pp | 34.4%-13.0pp | 60.6% | 66.6%-20.0pp |
| Operating Margin | 74.8%+20.3pp | -59.4%-77.1pp | 69.8%+30.6pp | 40.9%-2.9pp | 54.5%+5.7pp | 17.6%-9.5pp | 39.2%-11.3pp | 43.8%-22.5pp |
| Net Margin | 53.5%+18.5pp | -59.7%-66.2pp | 69.1%+19.1pp | 23.6%-0.1pp | 35.0%+8.0pp | 6.5%-5.3pp | 50.0%-23.7pp | 23.7%-17.2pp |
| Return on Equity | 49.6%+25.3pp | -93.3%-99.6pp | 47.6%+8.7pp | 15.5%-2.0pp | 24.2%+4.5pp | 6.3%-5.5pp | 38.9%-31.4pp | 17.5%-23.5pp |
| Return on Assets | 6.4%+2.8pp | -7.5%-8.3pp | 7.9%+2.8pp | 2.3%+0.3pp | 3.6%+1.6pp | 0.8%-0.4pp | 5.1%-3.2pp | 2.1%-2.0pp |
| Current Ratio | 0.87-0.1x | 0.57-0.6x | 0.94-0.1x | 0.94-0.1x | 0.980.0x | 1.19+0.2x | 1.08-0.5x | 1.07-0.5x |
| Debt-to-Equity | 3.66+0.4x | 5.90+1.9x | 2.84-1.1x | 3.25-1.2x | 3.28-1.8x | 4.03-1.0x | 3.96-0.7x | 4.42-1.2x |
| Asset Turnover | 0.120.0x | 0.130.0x | 0.110.0x | 0.100.0x | 0.100.0x | 0.130.0x | 0.100.0x | 0.090.0x |
| FCF Margin | 6.9%+11.1pp | 5.9%-5.3pp | 24.1%-0.1pp | 16.6%-6.6pp | -4.2%-23.0pp | 11.1%-2.9pp | 24.2%+2.8pp | 23.3%-8.3pp |
Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Cheniere Energy LNG | FY2025 | $20.0B | $6.8B | 34.0% | $61.1B | 58/100 |
| Energy Transfer L P ET | FY2025 | $85.5B | $4.4B | 5.2% | $73.8B | 48/100 |
| Mplx Lp MPLX | FY2025 | $13.0B | $5.0B | 38.1% | $59.9B | 71/100 |
| Kinder Morgan Inc Del KMI | FY2025 | $16.9B | $3.1B | 18.0% | $71.5B | 51/100 |
| Oneok Inc OKE | FY2025 | $33.6B | $3.4B | 10.1% | $60.3B | 56/100 |
Where Cheniere Energy Ranks
Frequently Asked Questions
What is Cheniere Energy's annual revenue?
Cheniere Energy (LNG) reported $20.0B in total revenue for fiscal year 2025. This represents a 27.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cheniere Energy's revenue growing?
Cheniere Energy (LNG) revenue grew by 27.2% year-over-year, from $15.7B to $20.0B in fiscal year 2025.
Is Cheniere Energy profitable?
Yes, Cheniere Energy (LNG) reported a net income of $6.8B in fiscal year 2025, with a net profit margin of 34.0%.
What is Cheniere Energy's EBITDA?
Cheniere Energy (LNG) had EBITDA of $10.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cheniere Energy have?
As of fiscal year 2025, Cheniere Energy (LNG) had $1.1B in cash and equivalents against $22.5B in long-term debt.
What is Cheniere Energy's gross margin?
Cheniere Energy (LNG) had a gross margin of 64.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cheniere Energy's operating margin?
Cheniere Energy (LNG) had an operating margin of 45.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cheniere Energy's net profit margin?
Cheniere Energy (LNG) had a net profit margin of 34.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cheniere Energy's return on equity (ROE)?
Cheniere Energy (LNG) has a return on equity of 85.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cheniere Energy's free cash flow?
Cheniere Energy (LNG) generated $2.5B in free cash flow during fiscal year 2025. This represents a -22.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cheniere Energy's operating cash flow?
Cheniere Energy (LNG) generated $5.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cheniere Energy's total assets?
Cheniere Energy (LNG) had $47.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cheniere Energy's capital expenditures?
Cheniere Energy (LNG) invested $3.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Cheniere Energy's current ratio?
Cheniere Energy (LNG) had a current ratio of 0.94 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cheniere Energy's debt-to-equity ratio?
Cheniere Energy (LNG) had a debt-to-equity ratio of 2.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cheniere Energy's return on assets (ROA)?
Cheniere Energy (LNG) had a return on assets of 14.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cheniere Energy's P/E ratio?
Cheniere Energy (LNG) trades at 13.9x earnings, its market capitalization divided by net income of $4.4B net income, trailing 12 months to June 30, 2026. The market capitalization is $61.1B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Cheniere Energy's price-to-sales ratio?
Cheniere Energy (LNG) trades at 2.8x sales, its market capitalization divided by revenue of $21.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $61.1B as of Sep 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Cheniere Energy's Altman Z-Score?
Cheniere Energy (LNG) has an Altman Z-Score of 2.45, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cheniere Energy's Piotroski F-Score?
Cheniere Energy (LNG) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cheniere Energy's earnings high quality?
Cheniere Energy (LNG) has an earnings quality ratio of 0.82x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cheniere Energy cover its interest payments?
Cheniere Energy (LNG) has an interest coverage ratio of 9.61x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cheniere Energy?
Cheniere Energy (LNG) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.