Cheniere Energy, Inc. LNG
Cheniere, a Delaware corporation, is a Houston-based energy infrastructure company primarily engaged in LNG-related businesses. We provide clean, secure and affordable LNG to integrated energy companies, utilities and energy trading companies around the world. We aspire to conduct our business in a safe and responsible manner, delivering a reliable, competitive and integrated source of LNG to our customers.
LNG is natural gas (primarily methane) in liquid form and is a cleaner dispatchable fuel for power generation. The LNG we produce is shipped all over the world, converted back into natural gas (called "regasification") and then transported via pipeline to homes and businesses and used as an energy source that is essential for heating, cooking and other industrial uses.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.46B | $15.41B | $19.78B | $33.31B | $17.53B | $9.29B | $9.16B | $7.90B | $5.64B | $1.28B |
| Cost of revenue | — | — | — | — | — | — | — | $4.60B | $3.12B | $582.0M |
| Gross profit | — | — | — | — | — | — | — | $3.30B | $2.52B | $700.0M |
| R&D | — | — | — | $16.0M | $7.0M | $6.0M | $9.0M | $7.0M | $10.0M | $7.0M |
| SG&A | $383.0M | $441.0M | $474.0M | $416.0M | $325.0M | $302.0M | $310.0M | $289.0M | $256.0M | $260.0M |
| Total operating expenses | $10.86B | $9.57B | $4.91B | $28.87B | $16.57B | $6.73B | $7.37B | $5.96B | $4.21B | $1.31B |
| Operating income | $9.11B | $6.13B | $15.49B | $4.56B | -$701.0M | $2.63B | $2.36B | $2.02B | $1.39B | -$30.0M |
| Interest expense | $948.0M | $1.01B | $1.14B | $1.41B | $1.44B | $1.52B | $1.43B | $875.0M | $747.0M | $488.0M |
| Pre-tax income | $8.28B | $5.30B | $14.58B | $3.09B | -$2.28B | $544.0M | $715.0M | $1.23B | $566.0M | -$663.0M |
| Income tax | $1.49B | $811.0M | $2.52B | $459.0M | $713.0M | $43.0M | $517.0M | $27.0M | $3.0M | $2.0M |
| Net income | $6.79B | $4.49B | $12.06B | $2.63B | -$1.56B | -$85.0M | $648.0M | $471.0M | -$393.0M | -$610.0M |
| EPS, basic | 24.19 | 14.24 | 40.99 | 5.69 | -9.25 | -0.34 | 2.53 | 1.92 | -1.68 | -2.67 |
| EPS, diluted | 24.13 | 14.20 | 40.72 | 5.64 | -9.25 | -0.34 | 2.51 | 1.90 | -1.68 | -2.67 |
| Shares, diluted (wtd. avg.) | $220.3M | $229.1M | $242.6M | $253.4M | $253.4M | $252.4M | $258.1M | $248.0M | $233.1M | $228.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.10B | $2.64B | $4.53B | $2.49B | $1.82B | $2.08B | $2.99B | $3.16B | $2.61B | $1.83B |
| Receivables | $1.24B | $661.0M | — | $1.94B | $1.51B | $647.0M | $491.0M | $585.0M | $369.0M | $218.0M |
| Inventory | $524.0M | $501.0M | $445.0M | $826.0M | $706.0M | $292.0M | $312.0M | $316.0M | $243.0M | $160.0M |
| Total current assets | $3.69B | $4.80B | $6.33B | $5.61B | $5.06B | $3.17B | $4.21B | $4.23B | $3.37B | $2.24B |
| Property, plant and equipment | $35.76B | $33.55B | $32.46B | $31.53B | $30.29B | $30.42B | $29.67B | $27.25B | $23.98B | $20.64B |
| Goodwill | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M | $77.0M |
| Total assets | $47.88B | $43.86B | $43.08B | $41.27B | $39.26B | $35.70B | $35.49B | $31.99B | $27.91B | $23.70B |
| Accounts payable | $123.0M | $171.0M | $181.0M | $124.0M | $155.0M | $35.0M | $66.0M | $58.0M | $25.0M | $49.0M |
| Short-term debt | $306.0M | $351.0M | $300.0M | $813.0M | $117.0M | $232.0M | $0 | $239.0M | $0 | $247.0M |
| Total current liabilities | $3.92B | $4.44B | $3.89B | $6.79B | $4.69B | $2.20B | $1.87B | $1.74B | $1.25B | $1.08B |
| Long-term debt | $22.51B | $22.55B | $23.40B | $24.05B | $29.45B | $30.47B | $30.77B | $28.18B | $25.34B | $21.69B |
| Total liabilities | $34.80B | $33.80B | $34.06B | — | — | — | — | — | — | — |
| Retained earnings | $12.24B | $7.38B | $4.55B | -$4.94B | -$6.02B | -$3.59B | -$3.51B | -$4.16B | -$4.63B | -$4.23B |
| Total equity | $7.92B | $5.70B | $9.02B | -$171.0M | -$33.0M | $2.22B | $2.44B | $1.93B | $1.24B | $839.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.54B | $5.39B | $8.42B | $10.52B | $2.47B | $1.26B | $1.83B | $1.99B | $1.23B | -$404.0M |
| Depreciation and amortisation | $1.33B | $1.22B | $1.20B | $1.12B | $1.01B | $932.0M | $794.0M | $449.0M | $356.0M | $174.0M |
| Stock-based compensation | $161.0M | $215.0M | $250.0M | $205.0M | $140.0M | $110.0M | $131.0M | $113.0M | $91.0M | $101.0M |
| Capital expenditure | $3.08B | $2.24B | $2.12B | $1.83B | $966.0M | $1.84B | $3.06B | $3.64B | $3.36B | $4.36B |
| Investing cash flow | -$3.01B | -$2.28B | -$2.20B | -$1.84B | -$912.0M | -$1.95B | -$3.16B | -$3.65B | -$3.38B | -$4.41B |
| Financing cash flow | -$4.13B | -$4.45B | -$4.18B | -$8.01B | -$1.82B | -$235.0M | $1.17B | $2.21B | $2.94B | $4.91B |
| Dividends paid | $451.0M | $412.0M | $393.0M | $349.0M | $85.0M | $0 | $0 | — | — | — |
| Buybacks | $2.72B | $2.26B | $1.47B | $1.37B | $9.0M | $155.0M | $249.0M | $0 | $0 | $20.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-144572.
Others in SIC 4924
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|---|---|---|---|---|
| VG | Venture Global, Inc. | $35.89B | 16.8x | 176.9% |
| CQP | Cheniere Energy Partners, L.P. | $33.27B | — | 23.6% |
| ATO | ATMOS ENERGY CORP | $28.32B | 22.5x | 12.9% |
| NFG | NATIONAL FUEL GAS CO | $7.92B | 14.7x | 30.0% |
| NJR | NEW JERSEY RESOURCES CORP | $5.42B | 16.0x | 9.9% |
| OGS | ONE Gas, Inc. | $5.02B | 18.3x | — |
| SR | SPIRE INC | $4.89B | 18.9x | -4.5% |
| NWN | Northwest Natural Holding Co | $2.07B | 17.8x | 8.4% |