Filing Flows › Cheniere Energy (LNG) › Q3 2026 › vs Q3 2025
Cheniere Energy (LNG) Q3 2026 vs Q3 2025 (year over year)
Cheniere Energy's revenue rose $1.7B (+39%) from $4.4B in Q3 2025 to $6.2B in Q3 2026. The biggest changes: LNG +$1.8B (+44%); Other revenues −$72.0M (-49%); Other −$30.0M (-51%). Operating margin 31.0% against 40.9% (-9.9 pts).
Cheniere Energy, Q3 2026: revenue $6.2B (+39% year over year), operating margin 31.0%, net earnings $1.2B, operating cash flow $2.5B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.0% | 40.9% | -9.9 pts |
| Net margin | 19.0% | 23.6% | -4.7 pts |
| Free cash flow margin | 28.1% | 16.6% | +11.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| LNG | $6.0B | $4.2B | $1.8B | +44% |
| Regasification | $34.0M | $34.0M | $0 | 0% |
| Other | $29.0M | $59.0M | −$30.0M | -51% |
| Other revenues | $76.0M | $148M | −$72.0M | -49% |
| Revenue | $6.2B | $4.4B | $1.7B | +39% |
| Operating profit | $1.9B | $1.8B | $98.0M | +5% |
| Costs & expenses | $4.3B | $2.6B | $1.6B | +62% |
| Pre-tax earnings | $1.7B | $1.6B | $55.0M | +3% |
| Other expense, net | $261M | $218M | $43.0M | +20% |
| Cost of revenue | $3.2B | $1.8B | $1.5B | +83% |
| SG&A | $112M | $81.0M | $31.0M | +38% |
| Other operating costs | $939M | $793M | $146M | +18% |
| Net earnings | $1.2B | $1.0B | $121M | +12% |
| Minority interests | $316M | $247M | $69.0M | +28% |
| Income tax | $168M | $303M | −$135M | -45% |
| Depreciation & amortization | $393M | $338M | $55.0M | +16% |
| Share-based compensation | $75.0M | $35.0M | $40.0M | +114% |
| Working capital & other | $828M | $3.0M | $825M | 276× |
| Operating cash flow | $2.5B | $1.4B | $1.0B | +73% |
| Free cash flow (OCF − capex) | $1.7B | $738M | $996M | +135% |
| Capital expenditures | $732M | $687M | $45.0M | +7% |
Questions
How much did Cheniere Energy's revenue grow year over year in Q3 2026?
Cheniere Energy's revenue rose $1.7B (+39%) from $4.4B in Q3 2025 to $6.2B in Q3 2026.
What drove Cheniere Energy's revenue change in Q3 2026?
LNG +$1.8B (+44%); Other revenues −$72.0M (-49%); Other −$30.0M (-51%).