Filing Flows › Cheniere Energy (LNG) › Q3 2025
Cheniere Energy (LNG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Cheniere Energy (LNG) reported revenue of $4.4B for the third quarter 2025 (Q3 2025), +18% from a year earlier and -4% from the quarter before. Operating margin was 40.9%, net earnings $1.0B (23.6% of revenue).
Cheniere Energy, Q3 2025: revenue $4.4B (+18% year over year), operating margin 40.9%, net earnings $1.0B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | -4% | +18% |
| Operating profit | $1.8B | -28% | +10% |
| Net earnings | $1.0B | -35% | +17% |
| Operating cash flow | $1.4B | +71% | +2% |
| Free cash flow | $738M | — | -16% |
What changed
Revenue was $4.4B in Q3 2025, up 18% year over year and down 4% from the previous quarter. LNG was the largest line at 95% of revenue. LNG added $0.63B year over year (up 18%), 93% of the total change. Other declined 26%.
Operating profit was $1.8B, a 40.9% margin (down 2.9 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, below the 44% margin then. Total costs grew 24% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+39%). Net earnings were $1.0B, up 17% year over year. The effective tax rate was 18.9%.
Operating cash flow was $1.4B (up 2% year over year), 110% of net income including minority interests. Non-cash charges added back $0.34B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.24B. Capital expenditures of $0.69B left free cash flow of $0.74B.
Questions
What was Cheniere Energy's revenue in the third quarter 2025?
Cheniere Energy (LNG) reported revenue of $4.4B for the third quarter 2025 (Q3 2025), +18% from a year earlier and -4% from the quarter before.
Was Cheniere Energy profitable in the third quarter 2025?
Operating profit was $1.8B (40.9% of revenue) and net earnings $1.0B.
Source: Cheniere Energy 10-Q on SEC EDGAR.