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Cheniere Energy (LNG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Cheniere Energy (LNG) reported revenue of $6.2B for the third quarter 2026 (Q3 2026), +39% from a year earlier and +8% from the quarter before. Operating margin was 31.0%, net earnings $1.2B (19.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.2B | +8% | +39% |
| Operating profit | $1.9B | -55% | +5% |
| Net earnings | $1.2B | -62% | +12% |
| Operating cash flow | $2.5B | +56% | +73% |
| Free cash flow | $1.7B | +336% | +135% |
What changed
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.
Questions
What was Cheniere Energy's revenue in the third quarter 2026?
Cheniere Energy (LNG) reported revenue of $6.2B for the third quarter 2026 (Q3 2026), +39% from a year earlier and +8% from the quarter before.
Was Cheniere Energy profitable in the third quarter 2026?
Operating profit was $1.9B (31.0% of revenue) and net earnings $1.2B.
Source: Cheniere Energy 10-Q on SEC EDGAR.