Cheniere Energy, Inc. (LNG) Income Statement
LNG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLNG revenue and net income
Where LNG's revenue goes
2025Each bar shows an amount and its share of revenue. LNG kept 27.1% of revenue as net income.
LNG profit margins
LNG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.4% | −16.5% | +15.9% | +53.5% |
| Gross profit | +7.5% | −21.0% | +14.2% | +54.5% |
| Operating income | +9.4% | −21.8% | +15.2% | — |
| Net income | +63.9% | +55.1% | — | — |
| EPS (diluted) | +46.5% | −23.1% | +57.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LNG quarterly EPS vs estimates
Cheniere Energy beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $4.10).
LNG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.63B | $15.78B | $20.28B | $33.76B | $17.64B | $9.39B | $9.30B | $8.00B | $5.65B | $1.29B |
| Cost of revenue | $13.95B | $10.49B | $12.17B | $22.23B | $12.02B | $6.46B | $7.05B | $5.55B | $3.86B | $1.01B |
| Gross profit | $5.69B | $5.29B | $8.12B | $11.53B | $5.62B | $2.92B | $2.25B | $2.45B | $1.78B | $272.1M |
| Research & development | — | — | — | $16.0M | $7.0M | $6.0M | $9.0M | $7.0M | $10.0M | $6.8M |
| Sales, general & admin | $383.0M | $441.0M | $474.0M | $416.0M | $332.0M | $308.0M | $319.0M | $296.0M | $266.0M | $260.0M |
| Total operating expenses | $383.0M | $441.0M | $474.0M | $432.0M | $332.0M | $308.0M | $319.0M | $296.0M | $266.0M | $268.4M |
| Operating income | $5.30B | $4.85B | $7.64B | $11.10B | $5.29B | $2.62B | $1.93B | $2.15B | $1.52B | $3.7M |
| Interest income | $106.0M | $189.0M | $211.0M | $1.40B | $1.44B | $1.76B | $1.57B | $774.0M | $740.0M | $498.5M |
| Interest expense | $948.0M | $1.01B | $1.14B | $1.41B | $1.44B | $1.52B | $1.43B | $875.0M | $747.0M | $488.4M |
| Income before taxes | $8.28B | $5.30B | $14.58B | $3.09B | −$2.28B | $544.0M | $715.0M | $1.23B | $566.0M | −$662.9M |
| Income taxes | $1.49B | $811.0M | $2.52B | $459.0M | −$713.0M | $43.0M | −$517.0M | $27.0M | $3.0M | $2.0M |
| Net income | $5.33B | $3.25B | $9.88B | $1.43B | −$2.34B | −$85.0M | $648.0M | $471.0M | −$393.0M | −$610.0M |
| EBITDA | $11.18B | $7.53B | $16.91B | $5.62B | $171.0M | $3.00B | $2.94B | $2.55B | $1.67B | −$494,999 |
| EPS (diluted) | $16.52 | $11.28 | $13.49 | $36.30 | −$7.45 | $1.69 | $0.04 | $1.54 | −$1.08 | −$2.57 |
| Gross margin | 29.0% | 33.5% | 40.0% | 34.2% | 31.9% | 31.1% | 24.1% | 30.6% | 31.6% | 21.1% |
| Operating margin | 27.0% | 30.7% | 37.7% | 32.9% | 30.0% | 27.9% | 20.7% | 26.9% | 26.9% | 0.3% |
| Net margin | 27.1% | 20.6% | 48.7% | 4.2% | −13.3% | −0.9% | 7.0% | 5.9% | −7.0% | −47.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.73B | $6.65B | $5.43B | $4.44B | $4.54B | $5.33B | $4.53B | $3.78B | $3.25B | $4.22B | $4.75B | $4.13B |
| Cost of revenue | $439.0M | $4.54B | $3.74B | $1.75B | $3.40B | $3.70B | $3.09B | $2.49B | $2.20B | $2.70B | $10.03B | $1.31B |
| Gross profit | $5.29B | $2.11B | $1.69B | $2.69B | $1.14B | $1.63B | $1.44B | $1.28B | $1.05B | $1.52B | −$5.28B | $2.82B |
| Sales, general & admin | $88.0M | $136.0M | $87.0M | $81.0M | $99.0M | $116.0M | $142.0M | $99.0M | $99.0M | $3.10B | $168.0M | $102.0M |
| Total operating expenses | $1.00B | $136.0M | $87.0M | $874.0M | $99.0M | $116.0M | $142.0M | $99.0M | $99.0M | $101.0M | $178.0M | $102.0M |
| Operating income | $4.29B | $1.97B | $1.60B | $1.82B | $1.04B | $1.51B | $1.29B | $1.19B | $950.0M | $1.42B | −$5.46B | $2.71B |
| Interest income | $19.0M | $16.0M | $15.0M | $23.0M | $31.0M | $37.0M | $40.0M | $41.0M | $47.0M | $61.0M | $64.0M | $58.0M |
| Interest expense | $287.0M | $255.0M | $246.0M | $236.0M | $237.0M | $229.0M | $240.0M | $247.0M | $257.0M | $266.0M | $270.0M | $283.0M |
| Income before taxes | $4.01B | −$3.75B | $3.57B | $1.60B | $2.32B | $789.0M | $1.54B | $1.44B | $1.37B | $948.0M | $2.23B | $2.53B |
| Income taxes | $366.0M | −$341.0M | $638.0M | $303.0M | $426.0M | $121.0M | $261.0M | $231.0M | $210.0M | $109.0M | $400.0M | $440.0M |
| Net income | $3.07B | −$3.50B | $2.30B | $1.05B | $1.63B | $353.0M | $977.0M | $893.0M | $880.0M | $502.0M | $1.38B | $1.70B |
| EBITDA | $4.67B | −$2.98B | $4.33B | $2.17B | $2.89B | $1.33B | $2.09B | $1.99B | $1.93B | $1.52B | $2.80B | $3.11B |
| EPS (diluted) | $3.02 | $9.17 | $2.87 | $2.65 | $7.30 | $3.70 | $2.54 | $3.93 | $1.60 | $3.21 | $2.04 | $2.29 |
| Gross margin | 92.3% | 31.7% | 31.1% | 60.6% | 25.1% | 30.5% | 31.7% | 34.0% | 32.3% | 36.0% | −111.3% | 68.3% |
| Operating margin | 74.8% | 29.7% | 29.5% | 40.9% | 22.9% | 28.4% | 28.6% | 31.4% | 29.3% | 33.6% | −115.1% | 65.8% |
| Net margin | 53.5% | −52.7% | 42.4% | 23.6% | 35.8% | 6.6% | 21.6% | 23.6% | 27.1% | 11.9% | 29.0% | 41.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LNG's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LNG financial results
In fiscal year 2025 (ended December 31, 2025), Cheniere Energy reported revenue of $19.6 billion, up 24.4% from the year before. It had net income of $5.3 billion (up 63.9%), a net profit margin of 27.1%. Diluted earnings per share came to $16.52. Over five years revenue grew at an average rate of 15.9% a year.
See the LNG stock overview for the latest quote and news, or the LNG chart for price history and technical indicators.
LNG income statement FAQ
What is Cheniere Energy's annual revenue?
Cheniere Energy reported total revenue of $19.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 24.4% from $15.8 billion the previous year.
Is Cheniere Energy profitable?
Yes. Cheniere Energy reported net income of $5.3 billion in fiscal 2025, a net profit margin of 27.1%; its operating margin was 27.0%.
What is Cheniere Energy's gross margin?
Cheniere Energy's gross margin was 29.0% in fiscal 2025: for every $100 of revenue, Cheniere Energy kept $29 after the direct cost of its products and services.
How fast is Cheniere Energy growing?
Revenue grew 15.9% a year on average over the last five fiscal years, from $9.4 billion to $19.6 billion.
What are Cheniere Energy's earnings per share?
Cheniere Energy earned $16.52 per diluted share in fiscal 2025, compared with $11.28 a year earlier.
When will Cheniere Energy report its next earnings?
Cheniere Energy is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Cheniere Energy's fiscal year end?
Cheniere Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.