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Cheniere Energy, Inc.

LNG Energy Oil & Gas Midstream

Cheniere Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $20.0 billion, up 27.2% from fiscal 2024.

Revenue
+39.0%
EPS
+19.1%
Free cash flow
+163.5%
Total debt
+6.07%

Quarter to September 2026, against a year earlier

280.20 11.82 −4.05%
Market cap
$57.1B
P/E
19.4×
Fwd P/E
27.5×
Dividend yield
0.79%
F-score
8/9
Altman Z
2.13
Beneish M
−1.46
Dividend safety
74/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Sold, $m 29.44
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 5 — — — — — — — —
Insider Ownership 1.62%

Capital & Financial Ratios $m

Size
Market Cap 57,090.00
Revenue ttm 23,223.00
Net income ttm 4,649.00
Free cash flow ttm 3,787.00
Net debt Q 21,875.00
Valuation
P/E 19.44
Forward P/E 27.50
Price / sales 2.49
Forward P/S Powerpack
Price / FCF 15.26
Price / book 4.83
Financial health
Current ratio Q 0.90 (below 1: weak)
Debt / equity Q 2.00
Interest coverage Q 6.72
Growth
Revenue growth Q +39.00% (above 0%: growing)
Operating income growth Q +5.39% (above 0%: growing)
EPS, this year −48.86% (below 0%: weak)
EPS, next year A +65.74% (at or above 15%: strong)
Revenue, next year A +15.69% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −10.02% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.4×, against a ten-year median of 4.4×; over the ten years it ranged from 1.6× in 2023 to 92.7× in 2016.
P/E against its own 10 years 64.79%
10-year low 10-year high
P/S against its own 10 years 66.34%
10-year low 10-year high
P/B against its own 10 years 24.48%
10-year low 10-year high
EV/Sales against its own 10 years 22.70%
10-year low 10-year high
EV/FCF against its own 10 years 47.51%
10-year low 10-year high

Dividends raised every year since 2021

Yield
0.79%
Annual rate
2.22
Payout ratio
15.5%
Growth, 2021–25
+58.0%/yr
  1. 0.33 ’21
  2. 1.39 ’22 +320
  3. 1.62 ’23 +17
  4. 1.81 ’24 +11
  5. 2.06 ’25 +14
  6. 2.32 ’26e +13
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4,525 3,190 1,584 2,056
Receivables 1,106 727 1,380 1,421
Inventory 445 501 524 722
Other 255 383 204 418
6,331 4,801 3,692 4,713
2023 2024 2025 Q'26
Payables 181 171 123 420
ST’ Debt 300 351 306 1,349
Other 793 985 717 526
3,888 4,441 3,916 5,236

Compound Annual Growth %

10y 5y 3y
Sales 53.73% 16.38% (15.77%)
Cash Flow 0.00% 34.36% (19.26%)
Earnings 0.00% 0.00% 54.97%
Book Value 23.55% 42.30% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 4.20 Actual 3.62

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.83 2.87 Miss by 0.96
Q1 FY26 3.91 4.77 Beat by 0.86
Q2 FY26 2.89 3.02 Beat by 0.13
Q3 FY26 4.20 3.62 Miss by 0.58
Q4 FY26 5.03 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (16.65) 14.65 5.65 — —
’25 1.57 7.30 4.75 10.68 24.13
’24 2.13 3.84 3.93 4.33 14.20
’23 22.10 5.61 7.03 5.76 40.72
’22 (3.41) 2.90 (9.54) 15.78 5.64
’21 1.54 (1.30) (4.27) (5.22) (9.25)
’20 1.43 0.78 (1.84) (0.77) (0.34)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 5,868 5,732 6,173 — —
’25 5,444 4,641 4,441 5,450 19,976
’24 4,253 3,251 3,763 4,436 15,703
’23 7,310 4,102 4,159 4,823 20,394
’22 7,484 8,007 8,852 9,085 33,428
’21 3,090 3,017 3,200 6,557 15,864
’20 2,709 2,402 1,460 2,787 9,358
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,080 1,578 2,466 — —
’25 1,228 831 1,425 2,055 5,539
’24 1,246 1,116 1,391 1,641 5,394
’23 3,421 1,579 1,698 1,720 8,418
’22 2,655 2,517 2,399 2,952 10,523
’21 1,066 307 684 412 2,469
’20 574 454 (263) 500 1,265
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 344 398 1,734 — —
’25 605 (113) 658 1,311 2,461
’24 596 613 875 1,072 3,156
’23 2,709 1,247 1,312 1,029 6,297
’22 2,477 1,672 2,083 2,461 8,693
’21 876 125 363 207 1,571
’20 18 27 (717) 98 (574)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 7.3% a year for ten years.

Implied
7.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,283 5,601 7,987 9,730 9,358 15,864 33,428 20,394 15,703 19,976 23,223 +35.7% 23,111 23,395 24,805 +7.5%
Gross margin, % 37.26 36.15 34.68 35.85 41.37 4.08 18.29 84.35 49.83 54.37 36.44 +17.1 pt
EBT (663) 566 1,227 715 544 (2,278) 3,094 14,578 5,303 8,282 5,480 n/m
EBT margin, % (51.68) 10.11 15.36 7.35 5.81 (14.36) 9.26 71.48 33.77 41.46 23.60 +93.1 pt
Net income (665) 563 1,200 1,232 501 (1,565) 2,635 12,059 4,492 6,794 4,649 n/m
Per share, $
Per share, $ Revenue 5.61 24.03 32.52 37.98 37.08 62.60 133.13 84.62 68.75 90.92 112.57 +36.3%
Earnings (2.67) (1.68) 1.92 2.53 (0.34) (9.25) 5.69 40.99 14.24 24.19 14.41 n/m
Cash flow (1.77) 5.28 8.10 7.15 5.01 9.74 41.91 34.93 23.62 25.21 34.80 n/m
Capex (19.04) (14.40) (14.83) (11.93) (7.29) (3.54) (7.29) (8.80) (9.80) (14.01) (16.44) (3.4%)
Free cash flow (20.80) (9.12) (6.73) (4.77) (2.27) 6.20 34.62 26.13 13.82 11.20 18.36 n/m
Book value 3.67 5.32 7.85 9.50 8.79 (0.13) (0.68) 37.43 44.01 58.91 58.02 +36.1%
Shares, m 229 233 246 256 252 253 251 241 228 220 211 (0.4%)
Valuation, ×
Valuation, × P/E 0.00 0.00 30.05 23.86 0.00 0.00 23.82 4.15 15.04 7.98 19.44 10.5
P/S 7.55 2.28 1.82 1.61 1.62 1.62 1.06 2.00 3.13 2.14 2.49 2.5
P/B 11.55 10.28 7.54 6.43 6.83 0.00 0.00 4.53 4.88 3.30 4.83 5.5
EV/Sales 23.30 6.34 4.98 4.49 4.69 3.38 1.73 2.94 4.38 3.20 3.43 5.9
EV/FCF (6.28) (16.71) (24.08) (35.70) (76.51) 34.18 6.63 9.53 21.80 25.98 21.04 (6.1)
Cash, $m
Cash, $m Operating cash flow (404) 1,231 1,990 1,833 1,265 2,469 10,523 8,418 5,394 5,539 7,179 n/m
Capex (4,356) (3,357) (3,643) (3,056) (1,839) (898) (1,830) (2,121) (2,238) (3,078) (3,392) (3.8%)
Free cash flow (4,760) (2,126) (1,653) (1,223) (574) 1,571 8,693 6,297 3,156 2,461 3,787 n/m
Balance, $m
Balance, $m Working capital 1,161 2,118 2,492 2,338 973 363 (1,187) 2,443 360 (224) (523) n/m
Net debt 20,199 22,734 25,262 28,017 28,766 27,998 22,381 19,172 19,715 21,229 21,875 +0.6%
Shareholders’ equity 839 1,240 1,929 2,435 2,218 (33) (171) 9,020 10,053 12,942 11,970 +35.5%
Returns, %
Returns, % ROA (2.87) (1.52) 1.57 1.92 (0.24) (6.25) 3.55 23.43 7.48 11.59 6.44 +14.5 pt
ROIC (0.09) 3.62 4.65 4.85 5.31 (1.57) 12.83 34.34 12.87 16.67 12.04 +16.8 pt
ROE (50.82) (37.81) 29.73 29.70 (3.65) (214.46) (1,400.00) 223.32 34.10 46.23 25.97 +97.1 pt
People
People Employees 911 1,230 1,372 1,530 1,519 1,550 1,551 1,605 1,714 1,717 — +7.3%
Revenue/emp, $m 1.41 4.55 5.82 6.36 6.16 10.23 21.55 12.71 9.16 11.63 — +26.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Cheniere Energy is a Houston-based energy infrastructure company that produces and sells liquefied natural gas, or LNG. Founded in 1996, it is led by President and CEO Jack A. Fusco.

LNG is natural gas cooled into liquid form so it can be shipped by vessel. At its destination, it can be converted back into gas and transported by pipeline for heating, cooking, power generation and industrial uses. Cheniere sells LNG to integrated energy companies, utilities and energy trading companies around the world.

Cheniere Energy, Inc. vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WMB Williams Companies, Inc. (The) $80.3B 24.7× 29.8× +10.26% (above 0%: growing) +16.89% (above 0%: growing) −262.96% (below 0%: shrinking) 80.83% 35.25% Compare
EPD Enterprise Products Partners L.P. $79.1B 12.2× 12.6× +49.28% (above 0%: growing) +22.95% (above 0%: growing) +1,121.03% (above 0%: growing) 10.94% 11.09% Compare
KMI Kinder Morgan, Inc. $67.3B 18.7× 22.0× +9.29% (above 0%: growing) +21.43% (above 0%: growing) −1.32% (below 0%: shrinking) 65.44% 25.60% Compare
ET Energy Transfer LP $66.1B 12.6× 12.0× +85.94% (above 0%: growing) +17.86% (above 0%: growing) +215.45% (above 0%: growing) 17.71% 7.50% Compare
TRP TC Energy Corporation $65.2B 26.0× 23.4× +5.59% (above 0%: growing) +18.28% (above 0%: growing) +24.24% (above 0%: growing) 70.23% 54.92% Compare
TRGP Targa Resources, Inc. $58.3B 24.1× 27.8× +34.87% (above 0%: growing) +38.01% (above 0%: growing) +265.70% (above 0%: growing) 36.08% 19.58% Compare
MPLX MPLX LP $57.3B 13.2× 14.0× −0.39% (below 0%: shrinking) −23.83% (below 0%: shrinking) −23.76% (below 0%: shrinking) 56.01% 40.94% Compare
LNG Cheniere Energy, Inc. $57.1B 19.4× 27.5× +39.00% (above 0%: growing) +19.12% (above 0%: growing) +163.53% (above 0%: growing) 39.30% 31.02%
OKE ONEOK, Inc. $54.4B 13.3× 15.2× +44.26% (above 0%: growing) +47.18% (above 0%: growing) −46.10% (below 0%: shrinking) 22.83% 12.59% Compare
Median of peers $65.6B 16.0× 18.6× +22.57% +19.86% +11.46% 46.05% 22.59%

All 57 Oil & Gas Midstream stocks →

From the latest earnings call

Updated

  • CFO Zach Davis said new Corpus Christi capacity and the absence of major planned maintenance lifted second-quarter LNG deliveries, while higher marketing margins and optimization supported results.
  • CEO Jack Fusco said Cheniere raised its full-year outlook as its production forecast improved, marketing margins remained higher and optimization activities contributed.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Scotiabank Oct 31, 2026 Target cut — 312.00 → 311.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 88.56%
Held by the ten largest 34.33%
Holder Shares Stake Change
Vanguard 21.12m 10.23% +630.13k
BlackRock 17.71m 8.58% −140.00k
State Street 5.94m 2.88% −256.07k
Fidelity (FMR) 4.94m 2.39% +1.04m
Morgan Stanley 4.57m 2.21% −635.48k
Geode Capital Management 3.72m 1.80% −228.69k
Norges Bank 3.58m 1.73% +3.58m
CPP Investments 3.11m 1.51% −961.83k
JPMorgan Chase 3.11m 1.51% −861.71k
UBS 3.10m 1.50% −278.11k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 7 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 25.65m 24.61m 338.00
2024 24.19m 62.04m 370.00
2023 21.57m 49.99m 291.00
2022 22.61m 77.03m 253.00
2021 18.09m 64.77m 169.00

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 7.63%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cheniere Energy, Inc. (LNG) Latest News

2 Nov

Impact 3 · · Zacks

1 Nov

Impact 3 · · 24/7 Wall St.
Impact 3 · · Simply Wall St.

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Trefis

29 Oct

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Associated Press

28 Oct

Impact 3 · · Zacks

27 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

25 Oct

Impact 4 · · 24/7 Wall St.

24 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

23 Oct

Impact 4 · · Zacks
Impact 4 · · offshore-technology.com
Impact 3 · · Trefis

22 Oct

Impact 4 · · Oilprice.com
Impact 4 · · Zacks
Impact 4 · · Business Wire

21 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

LNG metrics, ten years each

stockrow.com/LNG · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com