Cheniere Energy (LNG) Financials

$241.64 -0.50 (-0.21%)

Closing price 08/29/2025 03:59 PM Eastern

Extended Trading

$241.22 -0.42 (-0.18%)

As of 08/29/2025 07:50 PM Eastern

Annual Income Statements for Cheniere Energy

This table shows Cheniere Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-548	-975	-610	-393	471	648	-85	-2,343	1,428	9,881	3,252
Consolidated Net Income / (Loss)	-692	-1,097	-665	563	1,200	1,232	501	-1,565	2,635	12,059	4,492
Net Income / (Loss) Continuing Operations	-692	-1,097	-665	563	1,200	1,232	501	-1,565	2,635	12,059	4,492
Total Pre-Tax Income	-688	-1,097	-663	566	1,227	715	544	-2,278	3,094	14,578	5,303
Total Operating Income	-272	-449	-30	1,388	2,024	2,361	2,631	-701	4,559	15,489	6,128
Total Gross Profit	268	286	701	2,481	3,390	4,651	5,197	2,091	7,796	19,038	9,682
Total Revenue	268	271	1,283	5,601	7,987	9,730	9,358	15,864	33,428	20,394	15,703
Operating Revenue	265	259	1,283	5,601	7,987	9,730	9,358	15,864	33,428	20,394	15,703
Total Cost of Revenue	-0.34	-15	582	3,120	4,597	5,079	4,161	13,773	25,632	1,356	6,021
Operating Cost of Revenue	-0.34	-15	582	3,120	4,597	5,079	4,161	13,773	25,632	1,356	6,021
Total Operating Expenses	540	735	731	1,093	1,366	2,290	2,560	2,792	3,237	3,549	3,554
Selling, General & Admin Expense	422	458	476	702	902	1,464	1,622	1,781	2,118	2,353	2,334
Depreciation Expense	64	83	174	356	449	794	932	1,011	1,119	1,196	1,220
Total Other Income / (Expense), net	-416	-648	-633	-822	-797	-1,646	-2,087	-1,577	-1,465	-911	-825
Interest Expense	296	446	623	847	902	1,487	1,742	1,554	1,472	1,126	1,019
Interest & Investment Income	-	-	-	-	-	-	-	3.00	57	211	189
Other Income / (Expense), net	-120	-202	-10	25	105	-159	-345	-26	-50	4.00	5.00
Income Tax Expense	4.14	0.00	2.00	3.00	27	-517	43	-713	459	2,519	811
Net Income / (Loss) Attributable to Noncontrolling Interest	-144	-122	-55	956	729	584	586	778	1,207	2,178	1,240
Basic Earnings per Share	($2.44)	($4.30)	($2.67)	($1.68)	$1.92	$2.53	($0.34)	($9.25)	$5.69	$40.99	$14.24
Weighted Average Basic Shares Outstanding	224.34M	226.90M	228.80M	233.10M	245.60M	256.20M	252.40M	253.40M	251.10M	241M	228.40M
Diluted Earnings per Share	($2.44)	($4.30)	($2.67)	($1.68)	$1.90	$2.51	($0.34)	($9.25)	$5.64	$40.72	$14.20
Weighted Average Diluted Shares Outstanding	224.34M	226.90M	228.80M	233.10M	248M	258.10M	252.40M	253.40M	253.40M	242.60M	229.10M
Weighted Average Basic & Diluted Shares Outstanding	224.34M	226.90M	228.80M	233.90M	257.42M	254.08M	253.53M	254.40M	243.70M	234.69M	223.67M
Cash Dividends to Common per Share	-	-	-	-	-	-	$0.00	$0.33	$1.39	$1.62	$1.81

This table shows Cheniere Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	3,937	5,434	1,369	1,701	1,377	502	880	893	977	353	1,626
Consolidated Net Income / (Loss)	5,147	6,435	1,707	2,091	1,826	839	1,162	1,207	1,284	668	1,897
Net Income / (Loss) Continuing Operations	5,147	6,435	1,707	2,091	1,826	839	1,162	1,207	1,284	668	1,897
Total Pre-Tax Income	6,368	7,751	2,070	2,531	2,226	948	1,372	1,438	1,545	789	2,323
Total Operating Income	6,711	7,991	2,308	2,755	2,435	1,154	1,588	1,647	1,739	961	2,530
Total Gross Profit	7,614	8,849	3,190	3,603	3,396	4,253	3,251	2,508	2,690	1,873	4,641
Total Revenue	9,085	7,310	4,102	4,159	4,823	4,253	3,251	3,763	4,436	5,444	4,641
Operating Revenue	9,085	7,310	4,102	4,159	4,823	4,253	3,251	3,763	4,436	5,444	4,641
Total Cost of Revenue	1,471	-1,539	912	556	1,427	0.00	0.00	1,255	1,746	3,571	0.00
Total Operating Expenses	903	858	882	848	961	3,099	1,663	861	951	912	2,111
Selling, General & Admin Expense	616	561	585	550	657	561	575	555	643	600	665
Depreciation Expense	292	297	297	298	304	302	304	306	308	312	329
Other Operating Expenses / (Income)	-	-	-	-	-	2,236	784	-	-	-	1,117
Total Other Income / (Expense), net	-343	-240	-238	-224	-209	-206	-216	-209	-194	-172	-207
Interest Expense	369	277	293	286	270	266	266	247	240	229	237
Interest & Investment Income	-	35	55	58	63	61	47	41	40	37	31
Other Income / (Expense), net	-4.00	2.00	0.00	4.00	-2.00	-1.00	3.00	-3.00	6.00	20	-1.00
Income Tax Expense	1,221	1,316	363	440	400	109	210	231	261	121	426
Net Income / (Loss) Attributable to Noncontrolling Interest	1,210	1,001	338	390	449	337	282	314	307	315	271
Basic Earnings per Share	$15.72	$22.28	$5.65	$7.08	$5.98	$2.14	$3.85	$3.95	$4.30	$1.57	$7.32
Weighted Average Basic Shares Outstanding	251.10M	243.90M	242.30M	240.20M	241M	234.20M	228.40M	226.30M	228.40M	223.50M	221.80M
Diluted Earnings per Share	$15.69	$22.10	$5.61	$7.03	$5.98	$2.13	$3.84	$3.93	$4.30	$1.57	$7.30
Weighted Average Diluted Shares Outstanding	253.40M	245.80M	243.80M	242M	242.60M	235M	228.90M	227M	229.10M	224.10M	222.30M
Weighted Average Basic & Diluted Shares Outstanding	243.70M	242.96M	240.62M	238.25M	234.69M	228.91M	226.27M	224.37M	223.67M	221.79M	219.77M

This table details how cash moves in and out of Cheniere Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	190	-1,044	91	786	543	-162	-917	-260	670	2,038	-1,335
Net Cash From Operating Activities	-263	-483	-404	1,231	1,990	1,833	1,265	2,469	10,523	8,418	5,394
Net Cash From Continuing Operating Activities	-263	-483	-404	1,231	1,990	1,833	1,265	2,469	10,523	8,418	5,394
Net Income / (Loss) Continuing Operations	-692	-1,097	-665	563	1,200	1,232	501	-1,565	2,635	12,059	4,492
Consolidated Net Income / (Loss)	-692	-1,097	-665	563	1,200	1,232	501	-1,565	2,635	12,059	4,492
Depreciation Expense	64	83	174	356	449	794	932	1,011	1,119	1,196	1,220
Amortization Expense	17	48	62	69	69	103	114	72	57	44	42
Non-Cash Adjustments To Reconcile Net Income	353	533	257	240	285	528	177	4,503	5,957	-7,700	-502
Changes in Operating Assets and Liabilities, net	-4.70	-50	-232	3.00	-13	-824	-459	-1,552	755	2,819	142
Net Cash From Investing Activities	-2,896	-6,984	-4,413	-3,381	-3,654	-3,163	-1,947	-912	-1,844	-2,202	-2,279
Net Cash From Continuing Investing Activities	-2,896	-6,984	-4,413	-3,381	-3,654	-3,163	-1,947	-912	-1,844	-2,202	-2,279
Purchase of Property, Plant & Equipment	-2,830	-6,853	-4,356	-3,357	-3,643	-3,056	-1,839	-966	-1,830	-2,121	-2,238
Acquisitions	-	0.00	0.00	-41	-25	-105	-100	0.00	-15	-61	-12
Other Investing Activities, net	-67	-131	-57	17	14	-2.00	-8.00	-14	1.00	-20	-29
Net Cash From Financing Activities	3,349	6,423	4,908	2,936	2,207	1,168	-235	-1,817	-8,014	-4,180	-4,451
Net Cash From Continuing Financing Activities	3,349	6,423	4,908	2,936	2,207	1,168	-235	-1,817	-8,014	-4,180	-4,451
Repayment of Debt	-287	-513	-7,857	-3,721	-1,482	-4,408	-7,234	-6,937	-6,857	-2,632	-3,610
Repurchase of Common Equity	-	-	-	0.00	0.00	-249	-155	-9.00	-1,373	-1,473	-2,262
Payment of Dividends	-80	-80	-80	-185	-576	-590	-626	-734	-1,296	-1,409	-1,258
Issuance of Debt	3,588	7,075	12,865	6,854	4,285	6,434	7,823	5,911	1,575	1,397	2,725
Other Financing Activities, net	-102	-59	-20	-12	-20	-19	-43	-48	-63	-63	-46
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	0.00	5.00	2.00	1.00

This table details how cash moves in and out of Cheniere Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	-851	956	1,726	-886	242	313	-1,884	122	114	-322	-851
Net Cash From Operating Activities	2,952	3,421	1,579	1,698	1,720	1,246	1,116	1,391	1,641	1,228	831
Net Cash From Continuing Operating Activities	2,952	3,423	1,577	1,700	1,718	1,246	1,116	1,394	1,641	1,228	831
Net Income / (Loss) Continuing Operations	5,147	6,435	1,707	2,091	1,826	839	1,162	1,207	1,284	668	1,897
Consolidated Net Income / (Loss)	5,147	6,435	1,707	2,091	1,826	839	1,162	1,207	1,284	668	1,897
Depreciation Expense	292	297	297	298	304	302	304	306	308	312	329
Amortization Expense	14	12	11	11	10	10	9.00	13	10	9.00	10
Non-Cash Adjustments To Reconcile Net Income	-3,380	-4,481	-951	-923	-1,345	342	-405	-765	181	659	-1,317
Changes in Operating Assets and Liabilities, net	879	1,160	513	223	923	-247	46	633	-142	-420	-88
Net Cash From Investing Activities	-496	-727	-341	-410	-724	-666	-519	-521	-573	-549	-1,026
Net Cash From Continuing Investing Activities	-496	-727	-341	-410	-724	-666	-519	-521	-573	-549	-1,026
Purchase of Property, Plant & Equipment	-491	-712	-332	-386	-691	-650	-503	-516	-569	-623	-1,024
Other Investing Activities, net	-	-5.00	-1.00	-6.00	-8.00	-16	-7.00	-5.00	-4.00	-6.00	-2.00
Net Cash From Financing Activities	-3,307	-1,740	487	-2,173	-754	-264	-2,482	-747	-958	-997	-656
Net Cash From Continuing Financing Activities	-3,307	-1,740	487	-2,173	-754	-264	-2,482	-747	-958	-997	-656
Repayment of Debt	-2,775	-875	-237	-1,462	-58	-178	-2,904	-166	-366	-441	-167
Repurchase of Common Equity	-733	-450	-324	-358	-341	-1,189	-510	-282	-281	-363	-327
Payment of Dividends	-359	-360	-348	-347	-354	-358	-295	-295	-310	-312	-311
Issuance of Debt	560	0.00	1,397	-	-	1,497	1,228	-	-	125	140
Other Financing Activities, net	-	-55	-1.00	-6.00	-1.00	-36	-1.00	-4.00	-1.00	-6.00	9.00

This table presents Cheniere Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	12,574	18,809	23,703	27,906	31,987	35,492	35,697	39,258	41,266	43,076	43,858
Total Current Assets	2,259	1,783	2,238	3,369	4,234	4,212	3,169	5,056	5,608	6,331	4,801
Cash & Equivalents	1,748	1,201	876	722	981	2,474	1,628	1,404	1,353	4,066	2,638
Restricted Cash	482	503	860	1,880	2,175	520	449	413	1,134	459	552
Accounts Receivable	4.42	5.75	218	371	585	491	647	1,506	1,944	1,106	727
Inventories, net	7.79	18	160	243	316	312	292	706	826	445	501
Other Current Assets	-	54	124	153	177	415	128	1,027	351	255	383
Plant, Property, & Equipment, net	9,247	16,194	20,635	23,978	27,245	29,673	30,421	30,288	31,528	32,456	33,552
Total Noncurrent Assets	1,068	833	830	559	508	1,607	2,107	3,914	4,130	4,289	5,505
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	8.00	529	489	1,204	864	26	19
Other Noncurrent Operating Assets	198	724	662	471	423	1,001	1,541	2,633	3,266	4,263	5,486
Total Liabilities & Shareholders' Equity	12,574	18,809	23,703	27,906	31,987	35,492	35,697	39,258	41,266	43,076	43,858
Total Liabilities	10,072	17,248	22,864	26,666	30,058	33,057	33,479	39,291	41,437	34,056	33,798
Total Current Liabilities	232	2,185	1,077	1,251	1,742	1,874	2,196	4,693	6,795	3,888	4,441
Short-Term Debt	0.00	1,673	247	0.00	239	0.00	372	366	813	300	351
Accounts Payable	13	23	49	25	58	66	35	155	124	181	171
Accrued Expenses	169	427	637	1,078	1,169	1,281	1,175	2,299	2,679	1,780	2,179
Current Deferred Revenue	27	27	73	111	139	161	138	155	234	179	163
Other Current Liabilities	23	35	71	37	137	366	476	1,718	2,945	1,448	1,577
Total Noncurrent Liabilities	9,840	15,062	21,787	25,415	28,316	31,183	31,283	34,598	34,642	30,168	29,357
Long-Term Debt	9,806	14,920	21,688	25,336	28,179	30,774	30,471	29,449	24,055	23,397	22,554
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.00	1,545	1,856
Other Noncurrent Operating Liabilities	20	132	94	79	137	409	812	5,149	10,587	5,226	4,947
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	7.00
Total Equity & Noncontrolling Interests	2,502	1,561	839	1,240	1,929	2,435	2,218	-33	-171	9,020	10,053
Total Preferred & Common Equity	-164	-902	-1,396	-1,764	-526	-14	-191	-2,571	-2,969	5,060	5,699
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-164	-902	-1,396	-1,764	-526	-14	-191	-2,571	-2,969	5,060	5,699
Common Stock	2,777	3,076	3,212	3,249	4,036	4,168	4,274	4,378	4,315	4,378	4,453
Retained Earnings	-2,649	-3,624	-4,234	-4,627	-4,156	-3,508	-3,593	-6,021	-4,942	4,546	7,382
Treasury Stock	-293	-354	-374	-386	-406	-674	-872	-928	-2,342	-3,864	-6,136
Noncontrolling Interest	2,666	2,463	2,235	3,004	2,455	2,449	2,409	2,538	2,798	3,960	4,354

This table presents Cheniere Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025
Total Assets	43,642	40,265	41,803	41,719	42,911	42,278	43,075	43,546	44,578
Total Current Assets	7,206	5,048	6,540	5,769	6,109	4,336	4,455	4,727	3,704
Cash & Equivalents	2,504	2,948	4,529	3,861	4,411	2,442	2,663	2,511	1,648
Restricted Cash	834	495	640	422	427	512	413	357	369
Accounts Receivable	1,834	929	709	811	675	719	680	1,019	761
Inventories, net	1,129	465	404	400	363	387	394	525	482
Other Current Assets	905	211	258	275	233	276	305	315	444
Plant, Property, & Equipment, net	30,904	31,747	31,821	32,053	32,705	33,079	33,219	34,177	34,829
Total Noncurrent Assets	5,532	3,470	3,442	3,897	4,097	4,863	5,401	4,642	6,045
Noncurrent Deferred & Refundable Income Taxes	2,100	35	36	40	27	26	26	18	18
Other Noncurrent Operating Assets	3,355	3,358	3,329	3,780	4,070	4,837	5,375	4,624	6,027
Total Liabilities & Shareholders' Equity	43,642	40,265	41,803	41,719	42,911	42,278	43,075	43,546	44,578
Total Liabilities	47,972	34,825	35,311	33,812	34,613	33,680	33,722	33,449	33,269
Total Current Liabilities	9,375	3,526	4,913	3,758	6,212	4,236	4,156	3,979	3,775
Short-Term Debt	1,717	61	1,796	349	3,633	798	700	104	609
Accounts Payable	405	93	100	126	102	124	137	182	161
Accrued Expenses	3,108	1,328	1,037	1,433	1,097	1,706	1,654	2,206	1,492
Current Deferred Revenue	211	108	130	209	125	125	189	117	145
Other Current Liabilities	3,934	1,936	1,850	1,641	1,255	1,483	1,476	1,370	1,368
Total Noncurrent Liabilities	38,597	31,299	30,398	30,054	28,401	29,444	29,566	29,470	29,494
Long-Term Debt	25,325	23,928	23,380	23,389	21,401	22,590	22,546	22,509	22,012
Noncurrent Deferred & Payable Income Tax Liabilities	-	388	731	1,178	1,534	1,576	1,626	1,893	2,307
Other Noncurrent Operating Liabilities	13,272	6,983	6,287	5,487	5,466	5,278	5,394	5,068	5,175
Redeemable Noncontrolling Interest	-	-	-	-	4.00	6.00	6.00	45	58
Total Equity & Noncontrolling Interests	-4,330	5,440	6,492	7,907	8,294	8,592	9,347	10,052	11,251
Total Preferred & Common Equity	-6,179	1,902	2,868	4,144	4,250	4,464	5,102	5,581	6,707
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-6,179	1,902	2,868	4,144	4,250	4,464	5,102	5,581	6,707
Common Stock	4,310	4,329	4,364	4,395	4,372	4,407	4,437	4,449	4,484
Retained Earnings	-8,880	394	1,666	3,271	4,945	5,625	6,518	7,620	9,021
Treasury Stock	-1,609	-2,821	-3,162	-3,522	-5,067	-5,568	-5,853	-6,488	-6,798
Noncontrolling Interest	1,849	3,538	3,624	3,763	4,044	4,128	4,245	4,471	4,544

This table displays calculated financial ratios and metrics derived from Cheniere Energy's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.28%	1.14%	373.43%	336.55%	42.60%	21.82%	-3.82%	69.52%	110.72%	-38.99%	-23.00%
EBITDA Growth	-84.99%	-67.04%	137.69%	837.76%	44.02%	17.08%	7.52%	-89.32%	1,496.91%	194.34%	-55.81%
EBIT Growth	-60.43%	-66.00%	93.86%	3,632.50%	50.67%	3.43%	3.81%	-131.80%	720.22%	243.60%	-60.41%
NOPAT Growth	17.10%	-64.97%	93.32%	6,674.49%	43.37%	105.52%	-40.44%	-120.25%	891.25%	229.99%	-59.49%
Net Income Growth	-23.82%	-58.55%	39.38%	184.66%	113.14%	2.67%	-59.33%	-412.38%	268.37%	357.65%	-62.75%
EPS Growth	-5.17%	-76.23%	37.91%	37.08%	213.10%	32.11%	-113.55%	-2,620.59%	160.97%	621.99%	-65.13%
Operating Cash Flow Growth	-401.18%	-83.79%	16.36%	404.70%	61.66%	-7.89%	-30.99%	95.18%	326.20%	-20.00%	-35.92%
Free Cash Flow Firm Growth	16.02%	-151.32%	38.92%	64.05%	23.65%	183.63%	60.80%	49.09%	285.00%	-29.13%	-47.18%
Invested Capital Growth	42.58%	76.83%	27.58%	14.40%	13.47%	11.12%	2.46%	-9.67%	-20.58%	26.93%	5.62%
Revenue Q/Q Growth	-0.17%	0.97%	64.58%	26.52%	8.67%	6.85%	-2.30%	31.17%	8.18%	-17.29%	-2.41%
EBITDA Q/Q Growth	-35.38%	-10.08%	148.11%	9.99%	-0.86%	32.38%	-19.65%	92.43%	1,009.60%	-20.32%	-8.47%
EBIT Q/Q Growth	-25.72%	-11.96%	93.35%	10.30%	-1.62%	39.63%	-26.00%	17.20%	355.03%	-21.62%	-10.09%
NOPAT Q/Q Growth	-9.03%	-45.09%	92.36%	28.85%	3.10%	127.29%	-45.44%	18.87%	423.80%	-21.10%	-9.58%
Net Income Q/Q Growth	-5.53%	-13.24%	41.01%	30.02%	-4.53%	307.95%	-69.67%	-230.17%	173.17%	-21.59%	-10.77%
EPS Q/Q Growth	-3.83%	-15.90%	40.00%	4.00%	-15.56%	367.02%	-108.44%	-95.15%	136.94%	-19.25%	-10.58%
Operating Cash Flow Q/Q Growth	-269.19%	2.68%	23.40%	51.98%	8.15%	16.16%	-16.00%	-3.44%	31.82%	-12.77%	-1.44%
Free Cash Flow Firm Q/Q Growth	-2.81%	-11.35%	8.98%	40.07%	-20.05%	209.55%	-35.29%	53.28%	17.39%	-17.21%	0.79%
Invested Capital Q/Q Growth	9.54%	9.83%	6.48%	2.09%	2.87%	3.56%	-0.20%	-2.84%	14.64%	3.03%	0.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.13%	105.54%	54.64%	44.30%	42.44%	47.80%	55.54%	13.18%	23.32%	93.35%	61.66%
EBITDA Margin	-116.18%	-191.88%	15.28%	32.82%	33.14%	31.85%	35.61%	2.24%	17.01%	82.05%	47.09%
Operating Margin	-101.58%	-165.68%	-2.34%	24.78%	25.34%	24.27%	28.12%	-4.42%	13.64%	75.95%	39.02%
EBIT Margin	-146.35%	-240.22%	-3.12%	25.23%	26.66%	22.63%	24.43%	-4.58%	13.49%	75.97%	39.06%
Profit (Net Income) Margin	-258.21%	-404.80%	-51.83%	10.05%	15.02%	12.66%	5.35%	-9.87%	7.88%	59.13%	28.61%
Tax Burden Percent	100.60%	100.00%	100.30%	99.47%	97.80%	172.31%	92.10%	68.70%	85.16%	82.72%	84.71%
Interest Burden Percent	175.37%	168.51%	1,657.50%	40.06%	57.63%	32.47%	23.80%	313.34%	68.62%	94.09%	86.47%
Effective Tax Rate	0.00%	0.00%	0.00%	0.53%	2.20%	-72.31%	7.90%	0.00%	14.84%	17.28%	15.29%
Return on Invested Capital (ROIC)	-2.41%	-2.45%	-0.11%	6.15%	7.74%	14.17%	7.92%	-1.67%	15.48%	50.84%	17.91%
ROIC Less NNEP Spread (ROIC-NNEP)	-12.00%	-9.68%	-3.80%	2.33%	4.49%	3.48%	1.12%	-5.45%	10.52%	47.21%	14.32%
Return on Net Nonoperating Assets (RNNOA)	-23.49%	-51.56%	-55.30%	48.01%	67.99%	42.29%	13.61%	-141.58%	-2,598.81%	221.71%	29.18%
Return on Equity (ROE)	-25.91%	-54.00%	-55.41%	54.16%	75.73%	56.46%	21.53%	-143.25%	-2,583.33%	272.55%	47.09%
Cash Return on Invested Capital (CROIC)	-37.52%	-57.95%	-24.35%	-7.28%	-4.88%	3.64%	5.49%	8.50%	38.42%	27.10%	12.45%
Operating Return on Assets (OROA)	-3.53%	-4.15%	-0.19%	5.48%	7.11%	6.53%	6.42%	-1.94%	11.20%	36.74%	14.11%
Return on Assets (ROA)	-6.22%	-6.99%	-3.13%	2.18%	4.01%	3.65%	1.41%	-4.18%	6.54%	28.60%	10.33%
Return on Common Equity (ROCE)	-0.08%	14.17%	53.04%	-82.32%	-54.73%	-6.99%	-0.95%	181.08%	-70,155.23%	64.40%	26.55%
Return on Equity Simple (ROE_SIMPLE)	421.42%	121.64%	47.64%	-31.92%	-228.14%	0.00%	-262.30%	60.87%	-88.75%	238.32%	78.82%
Net Operating Profit after Tax (NOPAT)	-191	-314	-21	1,381	1,979	4,068	2,423	-491	3,883	12,813	5,191
NOPAT Margin	-71.10%	-115.98%	-1.64%	24.65%	24.78%	41.81%	25.89%	-3.09%	11.62%	62.83%	33.06%
Net Nonoperating Expense Percent (NNEP)	9.59%	7.23%	3.68%	3.82%	3.25%	10.69%	6.80%	3.79%	4.95%	3.63%	3.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	15.72%	39.16%	15.75%
Cost of Revenue to Revenue	-0.13%	-5.54%	45.36%	55.70%	57.56%	52.20%	44.46%	86.82%	76.68%	6.65%	38.34%
SG&A Expenses to Revenue	157.43%	169.00%	37.10%	12.53%	11.29%	15.05%	17.33%	11.23%	6.34%	11.54%	14.86%
R&D to Revenue	20.29%	15.50%	0.55%	0.18%	0.09%	0.09%	0.06%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	201.70%	271.22%	56.98%	19.51%	17.10%	23.54%	27.36%	17.60%	9.68%	17.40%	22.63%
Earnings before Interest and Taxes (EBIT)	-392	-651	-40	1,413	2,129	2,202	2,286	-727	4,509	15,493	6,133
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-311	-520	196	1,838	2,647	3,099	3,332	356	5,685	16,733	7,395
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.94	8.44
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.94	8.44
Price to Revenue (P/Rev)	60.33	31.45	7.36	2.21	1.85	1.55	1.57	1.58	1.09	1.97	3.06
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	31.30	23.28	0.00	0.00	25.52	4.06	14.79
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	0.95%	0.96%	0.84%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	3.20%	4.30%	0.00%	0.00%	3.92%	24.60%	6.76%
Enterprise Value to Invested Capital (EV/IC)	2.84	1.58	1.52	1.59	1.56	1.50	1.48	1.99	2.77	2.25	2.42
Enterprise Value to Revenue (EV/Rev)	98.55	95.48	24.84	6.81	5.32	4.66	4.90	3.50	1.84	3.10	4.60
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	162.61	20.75	16.04	14.62	13.76	156.03	10.84	3.78	9.76
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	26.99	19.94	20.58	20.06	0.00	13.67	4.09	11.77
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	27.63	21.45	11.14	18.93	0.00	15.87	4.94	13.90
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	30.99	21.34	24.72	36.25	22.50	5.86	7.52	13.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	43.39	27.31	22.19	6.39	9.27	20.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.92	10.63	26.14	20.43	14.73	12.64	13.91	-903.48	-145.43	2.63	2.28
Long-Term Debt to Equity	3.92	9.56	25.85	20.43	14.61	12.64	13.74	-892.39	-140.67	2.59	2.24
Financial Leverage	1.96	5.33	14.57	20.60	15.14	12.15	12.15	25.97	-246.96	4.70	2.04
Leverage Ratio	4.16	7.72	17.71	24.82	18.90	15.46	15.30	34.30	-394.73	9.53	4.56
Compound Leverage Factor	7.30	13.02	293.55	9.94	10.89	5.02	3.64	107.49	-270.85	8.97	3.94
Debt to Total Capital	79.68%	91.40%	96.32%	95.33%	93.64%	92.67%	93.29%	100.11%	100.69%	72.43%	69.48%
Short-Term Debt to Total Capital	0.00%	9.22%	1.08%	0.00%	0.79%	0.00%	1.13%	1.23%	3.29%	0.92%	1.06%
Long-Term Debt to Total Capital	79.68%	82.18%	95.23%	95.33%	92.86%	92.67%	92.17%	98.88%	97.40%	71.51%	68.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	21.66%	13.57%	9.81%	11.30%	8.09%	7.37%	7.29%	8.52%	11.33%	12.10%	13.23%
Common Equity to Total Capital	-1.33%	-4.97%	-6.13%	-6.64%	-1.73%	-0.04%	-0.58%	-8.63%	-12.02%	15.47%	17.29%
Debt to EBITDA	-31.50	-31.91	111.91	13.78	10.74	9.93	9.26	83.75	4.37	1.42	3.10
Net Debt to EBITDA	-24.34	-28.63	103.06	12.37	9.54	8.96	8.63	78.65	3.94	1.15	2.67
Long-Term Debt to EBITDA	-31.50	-28.69	110.65	13.78	10.65	9.93	9.15	82.72	4.23	1.40	3.05
Debt to NOPAT	-51.47	-52.80	-1,044.52	18.35	14.36	7.56	12.73	-60.76	6.40	1.85	4.41
Net Debt to NOPAT	-39.77	-47.37	-961.86	16.47	12.76	6.83	11.87	-57.06	5.76	1.50	3.80
Long-Term Debt to NOPAT	-51.47	-47.47	-1,032.76	18.35	14.24	7.56	12.58	-60.01	6.20	1.83	4.35
Altman Z-Score	0.78	-0.10	0.10	0.51	0.68	0.69	0.63	0.52	1.50	2.58	1.92
Noncontrolling Interest Sharing Ratio	99.71%	126.24%	195.73%	252.00%	172.26%	112.37%	104.41%	226.41%	-2,615.69%	76.37%	43.61%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.72	0.82	2.08	2.69	2.43	2.25	1.44	1.08	0.83	1.63	1.08
Quick Ratio	7.54	0.55	1.02	0.87	0.90	1.58	1.04	0.62	0.49	1.33	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,964	-7,448	-4,549	-1,635	-1,249	1,044	1,679	2,503	9,638	6,831	3,608
Operating Cash Flow to CapEx	-9.29%	-7.05%	-9.27%	36.67%	54.63%	59.98%	68.79%	274.94%	575.03%	396.89%	241.02%
Free Cash Flow to Firm to Interest Expense	-10.03	-16.70	-7.30	-1.93	-1.38	0.70	0.96	1.61	6.55	6.07	3.54
Operating Cash Flow to Interest Expense	-0.89	-1.08	-0.65	1.45	2.21	1.23	0.73	1.59	7.15	7.48	5.29
Operating Cash Flow Less CapEx to Interest Expense	-10.46	-16.45	-7.64	-2.51	-1.83	-0.82	-0.33	1.01	5.91	5.59	3.10
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.06	0.22	0.27	0.29	0.26	0.42	0.83	0.48	0.36
Accounts Receivable Turnover	60.18	53.30	11.47	19.02	16.71	18.09	16.45	14.74	19.38	13.37	17.13
Inventory Turnover	0.00	0.00	6.53	15.48	16.45	16.18	13.78	27.60	33.46	2.13	12.73
Fixed Asset Turnover	0.03	0.02	0.07	0.25	0.31	0.34	0.31	0.52	1.08	0.64	0.48
Accounts Payable Turnover	0.00	0.00	16.21	84.32	110.77	81.92	82.40	144.98	183.74	8.89	34.21
Days Sales Outstanding (DSO)	6.07	6.85	31.83	19.19	21.84	20.18	22.19	24.77	18.84	27.29	21.30
Days Inventory Outstanding (DIO)	0.00	0.00	55.86	23.57	22.19	22.57	26.49	13.22	10.91	171.06	28.67
Days Payable Outstanding (DPO)	0.00	0.00	22.52	4.33	3.30	4.46	4.43	2.52	1.99	41.05	10.67
Cash Conversion Cycle (CCC)	6.07	6.85	65.16	38.44	40.74	38.29	44.25	35.47	27.76	157.30	39.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,285	16,419	20,947	23,963	27,191	30,215	30,959	27,965	22,210	28,192	29,775
Invested Capital Turnover	0.03	0.02	0.07	0.25	0.31	0.34	0.31	0.54	1.33	0.81	0.54
Increase / (Decrease) in Invested Capital	2,773	7,134	4,528	3,016	3,228	3,024	744	-2,994	-5,755	5,982	1,583
Enterprise Value (EV)	26,407	25,876	31,872	38,143	42,457	45,311	45,856	55,548	61,621	63,293	72,175
Market Capitalization	16,165	8,524	9,438	12,405	14,740	15,082	14,681	25,012	36,442	40,161	48,099
Book Value per Share	($0.69)	($3.82)	($5.94)	($7.42)	($2.05)	($0.06)	($0.76)	($10.14)	($11.94)	$21.24	$25.40
Tangible Book Value per Share	($1.02)	($4.15)	($6.27)	($7.75)	($2.35)	($0.36)	($1.06)	($10.44)	($11.94)	$21.24	$25.40
Total Capital	12,308	18,155	22,774	26,576	30,347	33,209	33,061	29,782	24,697	32,717	32,965
Total Debt	9,806	16,594	21,935	25,336	28,418	30,774	30,843	29,815	24,868	23,697	22,905
Total Long-Term Debt	9,806	14,920	21,688	25,336	28,179	30,774	30,471	29,449	24,055	23,397	22,554
Net Debt	7,577	14,889	20,199	22,734	25,262	27,780	28,766	27,998	22,381	19,172	19,715
Capital Expenditures (CapEx)	2,830	6,853	4,356	3,357	3,643	3,056	1,839	898	1,830	2,121	2,238
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-203	-434	-328	-484	-425	-656	-732	-1,088	-2,861	-1,782	-2,479
Debt-free Net Working Capital (DFNWC)	2,026	1,271	1,408	2,118	2,731	2,338	1,345	729	-374	2,743	711
Net Working Capital (NWC)	2,026	-403	1,161	2,118	2,492	2,338	973	363	-1,187	2,443	360
Net Nonoperating Expense (NNE)	501	783	644	818	779	2,836	1,922	1,074	1,248	754	699
Net Nonoperating Obligations (NNO)	6,784	14,858	20,108	22,723	25,262	27,780	28,741	27,998	22,381	19,172	19,715
Total Depreciation and Amortization (D&A)	81	131	236	425	518	897	1,046	1,083	1,176	1,240	1,262
Debt-free, Cash-free Net Working Capital to Revenue	-75.73%	-160.08%	-25.57%	-8.64%	-5.32%	-6.74%	-7.82%	-6.86%	-8.56%	-8.74%	-15.79%
Debt-free Net Working Capital to Revenue	756.25%	468.89%	109.74%	37.81%	34.19%	24.03%	14.37%	4.60%	-1.12%	13.45%	4.53%
Net Working Capital to Revenue	756.25%	-148.59%	90.49%	37.81%	31.20%	24.03%	10.40%	2.29%	-3.55%	11.98%	2.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.44)	($4.30)	($2.67)	($1.68)	$1.92	$2.53	($0.34)	($9.25)	$5.69	$40.99	$14.24
Adjusted Weighted Average Basic Shares Outstanding	236.71M	235.62M	237.87M	237.66M	245.60M	256.20M	252.40M	253.40M	251.10M	241M	228.40M
Adjusted Diluted Earnings per Share	($2.44)	($4.30)	($2.67)	($1.68)	$1.90	$2.51	($0.34)	($9.25)	$5.64	$40.72	$14.20
Adjusted Weighted Average Diluted Shares Outstanding	236.71M	235.62M	237.87M	237.66M	248M	258.10M	252.40M	253.40M	253.40M	242.60M	229.10M
Adjusted Basic & Diluted Earnings per Share	($2.44)	($4.30)	($2.67)	($1.68)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	224.34M	226.90M	228.77M	233.10M	257.42M	254.08M	253.53M	254.40M	243.70M	234.69M	223.67M
Normalized Net Operating Profit after Tax (NOPAT)	-191	-208	31	1,406	1,987	1,669	2,423	-491	3,883	12,813	5,191
Normalized NOPAT Margin	-71.10%	-76.72%	2.40%	25.09%	24.88%	17.15%	25.89%	-3.09%	11.62%	62.83%	33.06%
Pre Tax Income Margin	-256.66%	-404.80%	-51.68%	10.11%	15.36%	7.35%	5.81%	-14.36%	9.26%	71.48%	33.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.33	-1.46	-0.06	1.67	2.36	1.48	1.31	-0.47	3.06	13.76	6.02
NOPAT to Interest Expense	-0.64	-0.70	-0.03	1.63	2.19	2.74	1.39	-0.32	2.64	11.38	5.09
EBIT Less CapEx to Interest Expense	-10.90	-16.83	-7.06	-2.30	-1.68	-0.57	0.26	-1.05	1.82	11.88	3.82
NOPAT Less CapEx to Interest Expense	-10.22	-16.07	-7.03	-2.33	-1.84	0.68	0.34	-0.89	1.39	9.50	2.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-11.49%	-7.29%	-12.03%	32.86%	48.00%	47.89%	124.95%	-46.90%	49.18%	11.68%	28.01%
Augmented Payout Ratio	-11.49%	-7.29%	-12.03%	32.86%	48.00%	68.10%	155.89%	-47.48%	101.29%	23.90%	78.36%

This table displays calculated financial ratios and metrics derived from Cheniere Energy's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.55%	-2.33%	-48.77%	-53.02%	-46.91%	-41.82%	-20.75%	-9.52%	-8.02%	28.00%	42.76%
EBITDA Growth	897.58%	2,702.51%	48.47%	210.72%	-60.83%	-82.35%	-27.22%	-36.02%	-24.90%	-11.13%	50.63%
EBIT Growth	1,459.77%	1,421.16%	56.79%	190.02%	-63.72%	-85.57%	-31.07%	-40.41%	-28.28%	-14.92%	58.96%
NOPAT Growth	170.35%	1,646.09%	54.41%	207.81%	-63.18%	-84.61%	-29.34%	-39.26%	-27.65%	-20.34%	53.62%
Net Income Growth	572.64%	923.94%	86.97%	179.08%	-64.52%	-86.96%	-31.93%	-42.28%	-29.68%	-20.38%	63.25%
EPS Growth	400.57%	748.09%	93.45%	173.69%	-61.89%	-90.36%	-31.55%	-44.10%	-28.09%	-26.29%	90.10%
Operating Cash Flow Growth	616.50%	28.85%	-37.27%	-29.22%	-41.73%	-63.58%	-29.32%	-18.08%	-4.59%	-1.44%	-25.54%
Free Cash Flow Firm Growth	337.01%	-1.92%	-105.78%	-178.27%	-135.64%	-127.27%	-175.18%	86.37%	96.54%	64.06%	31.40%
Invested Capital Growth	-20.58%	4.77%	9.66%	41.23%	26.93%	9.65%	9.56%	7.90%	5.62%	4.73%	9.92%
Revenue Q/Q Growth	2.63%	-19.54%	-43.89%	1.39%	15.97%	-11.82%	-23.56%	15.75%	17.88%	22.72%	-14.75%
EBITDA Q/Q Growth	353.09%	18.38%	-68.49%	17.28%	-10.46%	-46.67%	29.97%	3.10%	5.09%	-36.89%	120.28%
EBIT Q/Q Growth	318.83%	19.17%	-71.12%	19.54%	-11.82%	-52.61%	37.99%	3.33%	6.14%	-43.78%	157.80%
NOPAT Q/Q Growth	356.93%	22.31%	-71.31%	19.59%	-12.24%	-48.87%	31.69%	2.79%	4.54%	-43.70%	153.93%
Net Income Q/Q Growth	294.67%	25.02%	-73.47%	22.50%	-12.67%	-54.05%	38.50%	3.87%	6.38%	-47.98%	183.98%
EPS Q/Q Growth	264.47%	40.85%	-74.62%	25.31%	-14.94%	-64.38%	80.28%	2.34%	9.41%	-63.49%	364.97%
Operating Cash Flow Q/Q Growth	23.05%	15.89%	-53.84%	7.54%	1.30%	-27.56%	-10.43%	24.64%	17.97%	-25.17%	-32.33%
Free Cash Flow Firm Q/Q Growth	53.19%	-51.23%	-107.92%	-1,223.02%	30.24%	62.69%	20.09%	34.47%	82.30%	-287.87%	-52.51%
Invested Capital Q/Q Growth	14.64%	17.00%	1.97%	3.26%	3.03%	1.07%	1.89%	1.69%	0.85%	0.23%	6.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.81%	121.05%	77.77%	86.63%	70.41%	47.43%	75.88%	66.65%	60.64%	34.40%	100.00%
EBITDA Margin	77.19%	113.57%	63.77%	73.77%	56.96%	34.45%	58.57%	52.17%	46.51%	23.92%	61.80%
Operating Margin	73.87%	109.32%	56.27%	66.24%	50.49%	27.13%	48.85%	43.77%	39.20%	17.65%	54.51%
EBIT Margin	73.83%	109.34%	56.27%	66.34%	50.45%	27.11%	48.94%	43.69%	39.34%	18.02%	54.49%
Profit (Net Income) Margin	56.65%	88.03%	41.61%	50.28%	37.86%	19.73%	35.74%	32.08%	28.95%	12.27%	40.87%
Tax Burden Percent	80.83%	83.02%	82.46%	82.62%	82.03%	88.50%	84.69%	83.94%	83.11%	84.66%	81.66%
Interest Burden Percent	94.95%	96.97%	89.69%	91.74%	91.49%	82.22%	86.24%	87.47%	88.54%	80.43%	91.85%
Effective Tax Rate	19.17%	16.98%	17.54%	17.38%	17.97%	11.50%	15.31%	16.06%	16.89%	15.34%	18.34%
Return on Invested Capital (ROIC)	79.55%	118.84%	53.76%	57.74%	33.52%	15.28%	24.56%	20.78%	17.65%	8.66%	26.71%
ROIC Less NNEP Spread (ROIC-NNEP)	78.45%	117.99%	52.89%	56.88%	32.69%	14.39%	23.66%	19.90%	16.82%	7.93%	25.89%
Return on Net Nonoperating Assets (RNNOA)	-19,374.73%	1,315.30%	452.99%	686.36%	153.51%	42.67%	63.41%	45.68%	34.29%	17.21%	53.37%
Return on Equity (ROE)	-19,295.18%	1,434.14%	506.75%	744.10%	187.02%	57.96%	87.97%	66.46%	51.94%	25.87%	80.08%
Cash Return on Invested Capital (CROIC)	38.42%	38.56%	36.75%	35.31%	27.10%	17.20%	14.77%	12.59%	12.45%	12.47%	9.27%
Operating Return on Assets (OROA)	61.29%	90.54%	39.74%	38.32%	24.40%	11.30%	19.19%	16.58%	14.21%	7.04%	22.94%
Return on Assets (ROA)	47.04%	72.89%	29.39%	29.04%	18.31%	8.22%	14.02%	12.17%	10.46%	4.80%	17.21%
Return on Common Equity (ROCE)	-523,996.44%	-620.17%	-66.39%	-423.33%	44.19%	25.95%	42.74%	35.60%	29.29%	13.83%	44.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	517.93%	371.16%	371.14%	0.00%	152.07%	132.57%	98.67%	0.00%	77.42%	0.00%
Net Operating Profit after Tax (NOPAT)	5,424	6,634	1,903	2,276	1,997	1,021	1,345	1,382	1,445	814	2,066
NOPAT Margin	59.71%	90.76%	46.40%	54.73%	41.42%	24.01%	41.37%	36.74%	32.58%	14.95%	44.52%
Net Nonoperating Expense Percent (NNEP)	1.10%	0.86%	0.87%	0.86%	0.83%	0.90%	0.90%	0.89%	0.83%	0.73%	0.82%
Return On Investment Capital (ROIC_SIMPLE)	21.96%	-	-	-	6.11%	-	-	-	4.39%	2.49%	6.10%
Cost of Revenue to Revenue	16.19%	-21.05%	22.23%	13.37%	29.59%	52.57%	24.12%	33.35%	39.36%	65.60%	0.00%
SG&A Expenses to Revenue	6.78%	7.67%	14.26%	13.22%	13.62%	13.19%	17.69%	14.75%	14.50%	11.02%	14.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.94%	11.74%	21.50%	20.39%	19.93%	20.29%	27.04%	22.88%	21.44%	16.75%	45.49%
Earnings before Interest and Taxes (EBIT)	6,707	7,993	2,308	2,759	2,433	1,153	1,591	1,644	1,745	981	2,529
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,013	8,302	2,616	3,068	2,747	1,465	1,904	1,963	2,063	1,302	2,868
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	19.88	12.74	9.54	7.94	8.99	8.94	7.98	8.44	9.27	8.05
Price to Tangible Book Value (P/TBV)	0.00	20.72	13.09	9.72	7.94	8.99	8.94	7.98	8.44	9.27	8.05
Price to Revenue (P/Rev)	1.09	1.14	1.25	1.60	1.97	2.20	2.42	2.53	3.06	3.06	2.95
Price to Earnings (P/E)	25.52	4.89	4.37	3.18	4.06	7.72	8.95	11.14	14.79	16.68	14.03
Dividend Yield	0.95%	0.93%	1.01%	0.96%	0.96%	1.03%	0.97%	0.97%	0.84%	0.81%	0.79%
Earnings Yield	3.92%	20.43%	22.86%	31.48%	24.60%	12.95%	11.17%	8.97%	6.76%	6.00%	7.13%
Enterprise Value to Invested Capital (EV/IC)	2.77	2.38	2.27	2.29	2.25	2.19	2.22	2.21	2.42	2.55	2.48
Enterprise Value to Revenue (EV/Rev)	1.84	1.86	2.05	2.54	3.10	3.60	3.91	4.05	4.60	4.50	4.33
Enterprise Value to EBITDA (EV/EBITDA)	10.84	4.33	3.97	2.99	3.78	6.31	7.02	8.06	9.76	10.51	9.67
Enterprise Value to EBIT (EV/EBIT)	13.67	4.72	4.32	3.17	4.09	7.22	8.13	9.55	11.77	12.75	11.48
Enterprise Value to NOPAT (EV/NOPAT)	15.87	5.64	5.17	3.86	4.94	8.69	9.72	11.34	13.90	15.25	13.89
Enterprise Value to Operating Cash Flow (EV/OCF)	5.86	5.48	5.81	6.50	7.52	10.01	11.16	11.90	13.38	14.14	15.56
Enterprise Value to Free Cash Flow (EV/FCFF)	6.39	6.32	6.46	7.60	9.27	13.34	15.73	18.19	20.01	20.90	28.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-145.43	4.41	3.88	3.00	2.63	3.02	2.72	2.49	2.28	2.24	2.00
Long-Term Debt to Equity	-140.67	4.40	3.60	2.96	2.59	2.58	2.63	2.41	2.24	2.23	1.95
Financial Leverage	-246.96	11.15	8.56	12.07	4.70	2.97	2.68	2.30	2.04	2.17	2.06
Leverage Ratio	-394.73	19.21	15.69	23.86	9.53	6.05	5.57	4.91	4.56	4.70	4.36
Compound Leverage Factor	-374.77	18.63	14.07	21.89	8.72	4.98	4.81	4.30	4.03	3.78	4.01
Debt to Total Capital	100.69%	81.51%	79.50%	75.01%	72.43%	75.11%	73.12%	71.31%	69.48%	69.13%	66.67%
Short-Term Debt to Total Capital	3.29%	0.21%	5.67%	1.10%	0.92%	10.90%	2.49%	2.15%	1.06%	0.32%	1.79%
Long-Term Debt to Total Capital	97.40%	81.31%	73.83%	73.91%	71.51%	64.21%	70.62%	69.16%	68.42%	68.81%	64.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	11.33%	12.02%	11.44%	11.89%	12.10%	12.14%	12.92%	13.04%	13.23%	13.81%	13.56%
Common Equity to Total Capital	-12.02%	6.46%	9.06%	13.10%	15.47%	12.75%	13.96%	15.65%	17.29%	17.06%	19.77%
Debt to EBITDA	4.37	1.68	1.66	1.13	1.42	2.53	2.55	2.88	3.10	3.13	2.76
Net Debt to EBITDA	3.94	1.44	1.32	0.93	1.15	2.04	2.23	2.50	2.67	2.73	2.51
Long-Term Debt to EBITDA	4.23	1.67	1.54	1.11	1.40	2.16	2.46	2.79	3.05	3.11	2.69
Debt to NOPAT	6.40	2.19	2.16	1.46	1.85	3.48	3.53	4.05	4.41	4.54	3.97
Net Debt to NOPAT	5.76	1.87	1.72	1.20	1.50	2.81	3.08	3.51	3.80	3.96	3.61
Long-Term Debt to NOPAT	6.20	2.18	2.01	1.44	1.83	2.98	3.41	3.93	4.35	4.51	3.86
Altman Z-Score	1.67	2.19	1.61	1.68	1.58	1.31	1.41	1.44	1.59	1.66	1.85
Noncontrolling Interest Sharing Ratio	-2,615.69%	143.24%	113.10%	156.89%	76.37%	55.22%	51.41%	46.43%	43.61%	46.56%	43.88%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.83	1.43	1.33	1.54	1.63	0.98	1.02	1.07	1.08	1.19	0.98
Quick Ratio	0.49	1.10	1.07	1.24	1.33	0.82	0.75	0.80	0.76	0.89	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11,179	5,452	-432	-5,712	-3,985	-1,487	-1,188	-779	-138	-534	-815
Operating Cash Flow to CapEx	601.22%	480.48%	475.60%	439.90%	248.91%	191.69%	221.87%	269.57%	288.40%	197.11%	81.15%
Free Cash Flow to Firm to Interest Expense	30.30	19.68	-1.47	-19.97	-14.76	-5.59	-4.47	-3.15	-0.57	-2.33	-3.44
Operating Cash Flow to Interest Expense	8.00	12.35	5.39	5.94	6.37	4.68	4.20	5.63	6.84	5.36	3.51
Operating Cash Flow Less CapEx to Interest Expense	6.67	9.78	4.26	4.59	3.81	2.24	2.30	3.54	4.47	2.64	-0.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.83	0.71	0.58	0.48	0.42	0.39	0.38	0.36	0.39	0.42
Accounts Receivable Turnover	19.38	27.83	22.65	18.64	13.37	21.62	23.09	21.58	17.13	19.95	24.71
Inventory Turnover	33.46	32.35	20.73	1.83	2.13	12.39	12.65	14.36	12.73	21.60	22.08
Fixed Asset Turnover	1.08	1.07	0.94	0.78	0.64	0.54	0.51	0.49	0.48	0.51	0.54
Accounts Payable Turnover	183.74	128.90	98.90	5.27	8.89	52.63	44.67	43.36	34.21	67.55	67.31
Days Sales Outstanding (DSO)	18.84	13.12	16.12	19.58	27.29	16.88	15.81	16.91	21.30	18.30	14.77
Days Inventory Outstanding (DIO)	10.91	11.28	17.61	199.32	171.06	29.45	28.85	25.41	28.67	16.90	16.53
Days Payable Outstanding (DPO)	1.99	2.83	3.69	69.22	41.05	6.94	8.17	8.42	10.67	5.40	5.42
Cash Conversion Cycle (CCC)	27.76	21.57	30.04	149.67	157.30	39.40	36.49	33.91	39.31	29.79	25.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,210	25,986	26,499	27,362	28,192	28,494	29,032	29,523	29,775	29,842	31,913
Invested Capital Turnover	1.33	1.31	1.16	1.06	0.81	0.64	0.59	0.57	0.54	0.58	0.60
Increase / (Decrease) in Invested Capital	-5,755	1,182	2,335	7,988	5,982	2,508	2,533	2,161	1,583	1,348	2,881
Enterprise Value (EV)	61,621	61,899	60,174	62,736	63,293	62,471	64,492	65,114	72,175	76,017	79,215
Market Capitalization	36,442	37,815	36,543	39,518	40,161	38,227	39,924	40,693	48,099	51,756	54,009
Book Value per Share	($11.94)	$7.80	$11.80	$17.22	$21.24	$18.15	$19.50	$22.55	$25.40	$24.95	$30.24
Tangible Book Value per Share	($11.94)	$7.49	$11.49	$16.90	$21.24	$18.15	$19.50	$22.55	$25.40	$24.95	$30.24
Total Capital	24,697	29,429	31,668	31,645	32,717	33,332	31,986	32,599	32,965	32,710	33,930
Total Debt	24,868	23,989	25,176	23,738	23,697	25,034	23,388	23,246	22,905	22,613	22,621
Total Long-Term Debt	24,055	23,928	23,380	23,389	23,397	21,401	22,590	22,546	22,554	22,509	22,012
Net Debt	22,381	20,546	20,007	19,455	19,172	20,196	20,434	20,170	19,715	19,745	20,604
Capital Expenditures (CapEx)	491	712	332	386	691	650	503	516	569	623	1,024
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,861	-1,860	-1,746	-1,923	-1,782	-1,308	-2,056	-2,077	-2,479	-2,016	-1,479
Debt-free Net Working Capital (DFNWC)	-374	1,583	3,423	2,360	2,743	3,530	898	999	711	852	538
Net Working Capital (NWC)	-1,187	1,522	1,627	2,011	2,443	-103	100	299	360	748	-71
Net Nonoperating Expense (NNE)	277	199	196	185	171	182	183	175	161	146	169
Net Nonoperating Obligations (NNO)	22,381	20,546	20,007	19,455	19,172	20,196	20,434	20,170	19,715	19,745	20,604
Total Depreciation and Amortization (D&A)	306	309	308	309	314	312	313	319	318	321	339
Debt-free, Cash-free Net Working Capital to Revenue	-8.56%	-5.59%	-5.95%	-7.80%	-8.74%	-7.54%	-12.47%	-12.91%	-15.79%	-11.93%	-8.09%
Debt-free Net Working Capital to Revenue	-1.12%	4.76%	11.66%	9.57%	13.45%	20.36%	5.45%	6.21%	4.53%	5.04%	2.94%
Net Working Capital to Revenue	-3.55%	4.58%	5.54%	8.16%	11.98%	-0.59%	0.61%	1.86%	2.29%	4.43%	-0.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$15.72	$22.28	$5.65	$7.08	$5.98	$2.14	$3.85	$3.95	$4.30	$1.57	$7.32
Adjusted Weighted Average Basic Shares Outstanding	251.10M	243.90M	242.30M	240.20M	241M	234.20M	228.40M	226.30M	228.40M	223.50M	221.80M
Adjusted Diluted Earnings per Share	$15.69	$22.10	$5.61	$7.03	$5.98	$2.13	$3.84	$3.93	$4.30	$1.57	$7.30
Adjusted Weighted Average Diluted Shares Outstanding	253.40M	245.80M	243.80M	242M	242.60M	235M	228.90M	227M	229.10M	224.10M	222.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	243.70M	242.96M	240.62M	238.25M	234.69M	228.91M	226.27M	224.37M	223.67M	221.79M	219.77M
Normalized Net Operating Profit after Tax (NOPAT)	5,424	6,634	1,903	2,276	1,997	1,021	1,345	1,382	1,445	814	2,066
Normalized NOPAT Margin	59.71%	90.76%	46.40%	54.73%	41.42%	24.01%	41.37%	36.74%	32.58%	14.95%	44.52%
Pre Tax Income Margin	70.09%	106.03%	50.46%	60.86%	46.15%	22.29%	42.20%	38.21%	34.83%	14.49%	50.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.18	28.86	7.88	9.65	9.01	4.33	5.98	6.66	7.27	4.28	10.67
NOPAT to Interest Expense	14.70	23.95	6.50	7.96	7.40	3.84	5.06	5.60	6.02	3.55	8.72
EBIT Less CapEx to Interest Expense	16.85	26.29	6.74	8.30	6.45	1.89	4.09	4.57	4.90	1.56	6.35
NOPAT Less CapEx to Interest Expense	13.37	21.38	5.36	6.61	4.84	1.40	3.17	3.51	3.65	0.83	4.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.18%	14.20%	13.22%	9.19%	11.68%	21.77%	22.88%	25.86%	28.01%	28.05%	24.29%
Augmented Payout Ratio	101.29%	32.45%	28.08%	21.32%	23.90%	56.00%	63.40%	71.99%	78.36%	61.28%	49.07%

Key Financial Trends

Cheniere Energy (NYSE:LNG) has demonstrated steady financial performance and solid growth over the past few years, with notable improvements in key financial metrics from 2022 through the first half of 2025. Here are the key points and trends from the latest income statements, cash flow statements, and balance sheets:

Rising Net Income: The company's consolidated net income rose dramatically from $3.94 billion at the end of 2022 to $1.9 billion in Q2 2025 on a quarterly basis, showing strong profitability. Quarterly net income in 2025 improved significantly compared to the previous years.
Operating Revenue Growth: Operating revenues have generally trended higher over the last several quarters, reaching about $4.64 billion in Q2 2025 compared to $3.25 billion in Q2 2024, indicating growing sales and demand.
Strong Operating Cash Flow: Net cash from continuing operating activities remains robust, with $831 million generated in Q2 2025 and over $1.2 billion in Q1 2025. This supports ongoing investments and dividends.
Consistent Dividends & Buybacks: The company consistently pays dividends and repurchases common equity, returning cash to shareholders while growing earnings. Dividends hovered around $310-$360 million per quarter in recent periods, with sizable equity repurchases.
Capital Expenditures Invested in Assets: Investment in property, plant, and equipment remains substantial but controlled, around $1 billion in Q2 2025, supporting long-term growth and capacity.
Gross Profit Stability: Gross profit has rebounded from fluctuations in earlier years and stood at $4.64 billion for Q2 2025, indicating strong operational efficiency despite industry challenges.
Significant Debt Levels: Cheniere carries a heavy long-term debt load exceeding $22 billion in Q2 2025. While manageable given cash flows, this debt level warrants monitoring for potential refinancing risks or interest expenses.
Non-Cash Adjustments Volatility: The non-cash adjustments to reconcile net income show substantial swings, sometimes negative and large in magnitude (e.g., -$1.3 billion in Q2 2025), impacting free cash flow and requiring deeper analysis of underlying items.
Negative Impact of Other Operating Expenses: Other operating expenses increased to over $1.1 billion in Q2 2025, which is a large cost bucket that reduces operating income despite revenue growth.
Decreasing Cash & Equivalents: Cash and equivalents dropped from approximately $2.5 billion in Q1 2025 to $1.65 billion in Q2 2025, reflecting cash outflows from investing and financing activities that may reduce liquidity buffers short term.

Summary: Cheniere Energy’s financial performance shows strong revenue and net income growth, supported by healthy operating cash flow and ongoing capital investments. The company maintains a significant debt burden which is offset by strong cash generation but requires continued attention. Increased operating expenses and reduced cash balances in recent quarters suggest areas to monitor but overall the fundamental financial trajectory appears positive for investors.

08/31/25 12:28 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Cheniere Energy's Financials

When does Cheniere Energy's fiscal year end?

According to the most recent income statement we have on file, Cheniere Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cheniere Energy's net income changed over the last 10 years?

Cheniere Energy's net income appears to be on an upward trend, with a most recent value of $4.49 billion in 2024, falling from -$691.88 million in 2014. The previous period was $12.06 billion in 2023. View Cheniere Energy's forecast to see where analysts expect Cheniere Energy to go next.

What is Cheniere Energy's operating income?

Cheniere Energy's total operating income in 2024 was $6.13 billion, based on the following breakdown:

Total Gross Profit: $9.68 billion
Total Operating Expenses: $3.55 billion

How has Cheniere Energy's revenue changed over the last 10 years?

Over the last 10 years, Cheniere Energy's total revenue changed from $267.95 million in 2014 to $15.70 billion in 2024, a change of 5,760.3%.

How much debt does Cheniere Energy have?

Cheniere Energy's total liabilities were at $33.80 billion at the end of 2024, a 0.8% decrease from 2023, and a 235.6% increase since 2014.

How much cash does Cheniere Energy have?

In the past 10 years, Cheniere Energy's cash and equivalents has ranged from $722 million in 2017 to $4.07 billion in 2023, and is currently $2.64 billion as of their latest financial filing in 2024.

How has Cheniere Energy's book value per share changed over the last 10 years?

Over the last 10 years, Cheniere Energy's book value per share changed from -0.69 in 2014 to 25.40 in 2024, a change of -3,764.3%.

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This page (NYSE:LNG) was last updated on 8/31/2025 by MarketBeat.com Staff

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Cheniere Energy (LNG) Financials

Key Financial Trends

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Frequently Asked Questions About Cheniere Energy's Financials

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Cheniere Energy (LNG) Financials

Annual Income Statements for Cheniere Energy

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Quarterly Cash Flow Statements for Cheniere Energy

Annual Balance Sheets for Cheniere Energy

Quarterly Balance Sheets for Cheniere Energy

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Quarterly Metrics And Ratios for Cheniere Energy

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