Cheniere Energy, Inc.LNG
NYSE•Energy•Oil & Gas Midstream
Cheniere Energy, Inc., an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. The company owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns and operates the Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several large interstate and intrastate pipelines; and the Corpus Christi pipeline, a 21-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with interstate and intrastate natural gas pipelines. In addition, the company engages in the LNG and natural gas marketing business. Cheniere Energy, Inc. was incorporated in 1983 and is headquartered in Houston, Texas.
Cheniere Energy, Inc. (LNG) reported trailing twelve months revenue of $20.76B as of March 2026, a 25.2% increase year-over-year. Quarterly revenue reached $6.59B, reflecting continued top-line momentum.
Cheniere Energy, Inc. generated $1.48B in TTM net income, with quarterly EBITDA of $-3.12B. The operating margin contracted from 18.2% to -53.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-53.0%) and net margin (-53.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 6.7% a year ago, reflecting increased costs or interest expense.
LNG trades at a P/E of 41.9x (a premium multiple) and a P/S of 3.0x. The price-to-book ratio of 16.5x indicates a significant premium over book value.
The company generated $344.00M in free cash flow over the trailing twelve months, a 43.1% decrease year-over-year, indicating cash generation ability. The balance sheet shows $46.84B in total assets with $22.14B in long-term debt against $3.75B in stockholders equity for a debt-to-equity ratio of 5.9, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 33.6%. The business may lack pricing power or face rising costs.'
Consistently high ROE averaging 63.4% suggests a durable competitive advantage and efficient capital allocation.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 23.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 5.9 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 7.8% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation