YouTube · Q3 2026 · 2026-10-21
LNG · NYSE
Cheniere Energy, Inc.
Oil & Gas Midstream · United States
USD 304.513.8% daily changeQuote 2026-11-11 · USD
- Market cap (USD)
- US$62.18B
- Trailing P/E
- 21.67x
- Forward P/E
- 13.37x
- Quarterly revenue growth
- 39.9%
- Trailing net margin
- 13.4%
- Indicated dividend yield
- 0.8%
Snapshot 2026-11-11 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
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.
Company websiteQ3 2026
Go beyond the headline.
Q3 2026 REPORT HIGHLIGHTS
What’s changed for LNG
The fourth-quarter cash hurdle, NPNS accounting change and common-owner valuation behind Cheniere’s raised outlook.
Fourth-quarter hurdle:
$9.00B less $6.037B earned through September leaves $2.963B of adjusted EBITDA.
Physical growth is real:
188 cargoes versus 163 a year ago, with more Corpus Christi capacity operating.
Accounting changed:
June NPNS designation covered 73% of fixed minimum IPM volumes, reducing future fair-value remeasurement for those contracts.
Cash has several owners:
$5.124B operating cash less $2.648B net capex and $594M minority distributions leaves $1.882B, below $2.166B common returns.
Price is demanding:
$318.94 exceeds our $290 base case and the $310.60 provider target mean, which is not a fully refreshed post-print consensus.
Comparable businesses
LNG peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | LNGCheniere Energy, Inc.Snapshot 2026-11-11Financial period: 2026-09-30 | KMIKinder Morgan, Inc.Snapshot 2026-11-11Financial period: 2026-09-30 | MPLXMPLX LPSnapshot 2026-11-11Financial period: 2026-09-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$62.18B | US$70.37B | US$57.51B | US$63.94Bn=2 |
| Forward P/EProvider forward earnings estimate | 13.37x | 20.55x | 11.83x | 16.19xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 11.47x | 13.44x | 13.45x | 13.44xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 39.9% | 9.3% | 12.7% | 11.0%n=2 |
| Operating marginLatest reported quarter | 28.5% | 28.6% | 38.3% | 33.4%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 2.9% | 1.5% | 3.0% | 2.2%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 3.26x | 4.23x | 4.15x | 4.19xn=2 |
| Debt / equityTotal debt / positive book equity | 2.31x | 1.02x | 1.90x | 1.46xn=2 |
| Trailing P/ETrailing twelve-month earnings | 21.67x | 19.50x | 13.26x | 16.38xn=2 |
| Price / bookPrice / positive book equity per share | 9.53x | 2.23x | 4.09x | 3.16xn=2 |
| EV / salesEnterprise value / trailing revenue | 4.03x | 5.62x | 6.73x | 6.18xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 18.9% | 21.6% | -24.3% | -1.3%n=2 |
| Gross marginTrailing twelve months | 34.9% | 48.6% | 54.8% | 51.7%n=2 |
| Net marginTrailing twelve months | 13.4% | 19.6% | 35.0% | 27.3%n=2 |
| Return on equityProvider trailing return; positive equity only | 39.7% | 11.4% | 30.4% | 20.9%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 7.9% | 5.9% | 13.8% | 9.8%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.8% | 3.8% | 8.5% | 6.1%n=2 |
| Earnings payoutProvider trailing dividend payout | 15.8% | 72.8% | 100.6% | 86.7%n=2 |
| Current ratioCurrent assets / current liabilities | 0.90x | 0.67x | 1.56x | 1.12xn=2 |
| BetaProvider historical market sensitivity | 0.00 | 0.57 | 0.45 | 0.51n=2 |
YouTube · Q3 2026 · 2026-10-21
YouTube · Q2 2026 · 2026-08-08
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for LNG
Q3 20262026-11-02
FREE RESEARCH PACKET · Q3 2026
Cheniere (LNG): The Raised Guide Needs a Much Bigger Fourth Quarter
The fourth-quarter cash hurdle, NPNS accounting change and common-owner valuation behind Cheniere’s raised outlook.
Research published October 30, 2026 · Download original report
Read Research PacketLNG Stock: The Raised Guide Needs a Bigger Fourth Quarter | Q3 2026 Earnings
Presentation · 2026-11-02 · YouTube
Q2 20262026-08-10
Cheniere (LNG) Q2 2026 Earnings: EBITDA Guide +17%, Cash To Owners +5%
Presentation · 2026-08-10 · YouTube
Q1 20262026-05-10
LNG Stock: EPS Beats by 12% — Q1 2026 Earnings Analysis
Presentation · 2026-05-10 · YouTube