Filing Flows › Cheniere Energy (LNG) › Q1 2026
Cheniere Energy (LNG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Cheniere Energy (LNG) reported revenue of $5.9B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +8% from the quarter before. Operating margin was -59.4%, net loss $3.4B (58.1% of revenue).
Cheniere Energy, Q1 2026: revenue $5.9B (+8% year over year), operating margin -59.4%, net loss $3.4B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +8% | +8% |
| Operating profit | −$3.5B | -192% | -463% |
| Net earnings | −$3.4B | -248% | -1067% |
| Operating cash flow | $1.1B | -47% | -12% |
| Free cash flow | $344M | -74% | -43% |
What changed
Revenue was $5.9B in Q1 2026, up 8% year over year and up 8% from the previous quarter. LNG was the largest line, $6.5B against total revenue of $5.9B (other lines net negative). LNG added $1.3B year over year (up 25%), 311% of the total change. Other declined 29%.
Operating costs exceeded revenue by $3.5B, an operating margin of -59.4%. Total costs grew 109% against revenue growth of 8%. The fastest-growing cost line was Cost of revenue (+133%). The quarter ended with a net loss of $3.4B, after a profit of $2.9B the previous quarter.
Operating cash flow was $1.1B (down 12% year over year). Non-cash charges added back $0.37B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $4.0B. Capital expenditures of $0.74B left free cash flow of $0.34B.
Questions
What was Cheniere Energy's revenue in the first quarter 2026?
Cheniere Energy (LNG) reported revenue of $5.9B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +8% from the quarter before.
Was Cheniere Energy profitable in the first quarter 2026?
Operating loss was $3.5B (-59.4% of revenue) and net loss $3.4B.
Source: Cheniere Energy 10-Q on SEC EDGAR.