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Cheniere Energy (LNG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Cheniere Energy (LNG) Q3 2026 earnings results →
Q3 2026 Revenue up 39% year over year to $6.2B · 19¢ of every $1 of revenue kept as net profit · operating margin 31.0%
Cheniere Energy made $6.2B in Q3 2026 (+39% Y/Y): LNG $6.0B, Other revenues $76.0M, Regasification $34.0M. Operating margin 31.0%, net earnings $1.2B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.2B in Q3 2026, up 39% year over year and up 8% from the previous quarter. LNG was the largest line at 98% of revenue. LNG added $1.8B year over year (up 44%), 106% of the total change. Other declined 51%.
Operating profit was $1.9B, a 31.0% margin (down 9.9 points year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, below the 41% margin then. Total costs grew 62% against revenue growth of 39%. The fastest-growing cost line was Cost of revenue (+83%). Net earnings were $1.2B, up 12% year over year. The effective tax rate was 10.2%.
Operating cash flow was $2.5B (up 73% year over year), 166% of net income including minority interests. Non-cash charges added back $0.39B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $0.51B. Capital expenditures of $0.73B left free cash flow of $1.7B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $6.2B | +39% | 31.0% | $1.2B | $2.5B |
| Q2 2026 | 10-Q | Aug 6, 2026 | $5.7B | +24% | 74.8% | $3.1B | $1.6B |
| Q1 2026 | 10-Q | May 7, 2026 | $5.9B | +8% | -59.4% | −$3.4B | $1.1B |
| Q4 2025 | 10-K | Feb 26, 2026 | $5.5B | +23% | 69.8% | $2.3B | $2.1B |
| Q3 2025 | 10-Q | Oct 30, 2025 | $4.4B | +18% | 40.9% | $1.0B | $1.4B |
| Q2 2025 | 10-Q | Aug 7, 2025 | $4.6B | +43% | 54.5% | $1.6B | $831M |
| Q1 2025 | 10-Q | May 8, 2025 | $5.4B | +28% | 17.7% | $353M | $1.2B |
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About Cheniere Energy
Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with a total combined production capacity of approximately 55 mtpa of LNG in operation and an additional over 6 mtpa of expected production capacity under construction or in commissioning, inclusive of estimated debottlenecking opportunities. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain.
In its own words, from its 8-K, filed Aug 6, 2026.
Cheniere Energy against its Natural Gas Distribution peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +39% against the peers' median +7%. Operating margin: 31.0% against the peers' median 31.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LNG Cheniere Energy | Q3 2026 | $6.2B | +39% | 31.0% |
| VG Venture Global | Q2 2026 | $4.6B | +48% | 47.8% |
| Cheniere Corpus Christi Holdings, LLC | Q3 2026 | $2.7B | +84% | 21.2% |
| CQP Cheniere Energy Partners, L.P. | Q3 2026 | $2.6B | +7% | 31.7% |
| Sabine Pass Liquefaction, LLC | Q3 2026 | $2.5B | +7% | 29.4% |
| ATO Atmos Energy | Q3 FY26 | $879M | +5% | 36.4% |
| NFG National Fuel Gas | Q3 FY26 | $537M | +1% | 38.9% |
| SR Spire | Q3 FY26 | $420M | -0.4% | 5.6% |
| NJR New Jersey Resources | Q3 FY26 | $349M | +17% | 9.1% |
Source: Cheniere Energy 10-Q on SEC EDGAR · CIK 3570 · Natural Gas Distribution
Guidance and outlook
13F: who owns LNG and who is buying
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History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Cheniere Energy guidance history: guided vs reported
- Cheniere Energy operating margin by quarter
- Cheniere Energy net income by quarter
- Cheniere Energy free cash flow by quarter
- Cheniere Energy capital expenditures by quarter
- Cheniere Energy LNG revenue by quarter
- Cheniere Energy Regasification revenue by quarter