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. In the quarter to June 2026, revenue grew 23.5%, EPS grew 100.6%, free cash flow grew 452.2% and total debt rose 6.29%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
Follow LNG
Cheniere Energy, Inc. (LNG) Altman Z-score
Cheniere Energy, Inc.'s Altman Z-score for fiscal 2025 is 2.13, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.13 | 0.20 |
| FY2024 | 1.94 | (0.66) |
| FY2023 | 2.60 | 1.08 |
| FY2022 | 1.52 | 0.98 |
| FY2021 | 0.53 | (0.13) |
| FY2020 | 0.67 | (0.05) |
| FY2019 | 0.72 | 0.06 |
| FY2018 | 0.66 | 0.15 |
| FY2017 | 0.51 | 0.40 |
| FY2016 | 0.11 | 0.17 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.00 | — | −0.01 | |
| Retained earnings / total assets | 0.26 | — | 0.36 | |
| EBIT / total assets | 0.19 | — | 0.63 | |
| Market value of equity / total liabilities | 1.22 | — | 0.73 | |
| Sales / total assets | 0.42 | — | 0.42 | |
| Altman Z-score | Grey zone | 2.13 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.47 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TRGP Targa Resources, Inc. compare | 2.3× |
| LNG Cheniere Energy, Inc. | 2.1× |
| OKE ONEOK, Inc. compare | 1.4× |
| KMI Kinder Morgan, Inc. compare | 1.1× |
| WMB Williams Companies, Inc. (The) compare | 1.1× |
| TRP TC Energy Corporation compare | 0.8× |
| ET Energy Transfer LP compare | — |
| EPD Enterprise Products Partners L.P. compare | — |
| MPLX MPLX LP compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets