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US LNG exporter, liquefying and shipping natural gas from Gulf Coast terminals to global buyers under long-term contracts.
US LNG exporter, liquefying and shipping natural gas from Gulf Coast terminals to global buyers under long-term contracts.
Under long-term take-or-pay contracts, customers pay a fixed liquefaction fee per unit whether or not they take cargoes, plus the cost of the US gas Cheniere buys for them, so the fee stream is stable. Some uncontracted volume is sold at market margin. It shipped its first cargo from Sabine Pass in 2016.
Moat: wide (scale, installed base, regulatory licence). First-mover US LNG exporter with permitted terminals and long-term take-or-pay contracts.
Headquarters: Houston, Texas, US · Employees: 1,717
Size Cheniere Energy (LNG) is a United States Energy company (Oil & Gas Pipelines) with a market value of $56.8B, the 228th largest of 3,117 United States companies the cockpit tracks. Shares closed at $277.95 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against -1.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 12 in its peer set.
Growth Revenue grew 27.7% over the last twelve months (peer median +12.2%); the operating margin is 30.7% (peer median 31.0%).
Valuation It trades at 13.0× forward earnings against a peer median of 13.9× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.1 points above its cost of capital (6.1% WACC).
Short interest Short interest is 2.3% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $23.9B | $19.6B | $15.8B | $20.3B | $33.8B |
| Revenue growth | — | +24% | -22% | -40% | — |
| Gross profit | $7.77B | $5.69B | $5.29B | $8.12B | $11.5B |
| EBITDA | $9.42B | $7.26B | $6.74B | $8.84B | $12.8B |
| Net income | $3.03B | $5.32B | $3.25B | $9.88B | $1.43B |
| Free cash flow | $3.79B | $2.46B | $3.16B | $6.30B | $8.69B |
| Capital expenditure | $3.39B | $3.08B | $2.24B | $2.12B | $1.83B |
| Total debt | $26.3B | $26.4B | $26.1B | $26.8B | $28.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cheniere Energy LNG | $56.8B | +16% | +28% | 31% | 13.0× | -8.6% |
| Venture Global VG | $28.8B | +1% | +101% | 38% | 6.3× | n/a |
| Woodside Energy Group Ltd Sponsored ADR WDS | $43.3B | -2% | -5% | 26% | 9.2× | n/a |
| NextDecade NEXT | $1.56B | -23% | n/a | n/a | n/a | n/a |
| Santos STO.AX | $19.2B | +11% | -8% | 21% | 8.1× | 11.7% |
| Inpex 1605.T | $25.9B | -16% | -8% | 49% | 7.4× | -14.4% |
| Energy Transfer LP ET | $65.1B | -2% | +56% | 9% | 11.3× | 2.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LNG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -2.5% | 5th highest of 12 |
| 6-month return | +15.8% | -1.4% | highest of 12 |
| Distance from 52-week high | -16.0% | -13.4% | 5th lowest of 12 |
| Revenue growth (TTM) | +27.7% | +12.2% | 4th highest of 12 |
| Operating margin | 30.7% | 31.0% | 6th lowest of 12 |
| Forward P/E | 13.0× | 13.9× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -8.6% | 6.5% | least demanding of 10 |
| Growth delivered (Del g) | +15.9% | +8.6% | 2nd highest of 10 |
| Hurdle (Req g minus delivered) | -24.5 pp | -4.1 pp | least demanding of 10 |
| ROIC minus cost of capital | +9.1 pp | -0.6 pp | highest of 12 |
| EV / EBITDA | 9.2× | 13.0× | 2nd cheapest of 11 |
| Net debt / EBITDA | 2.6× | 4.1× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cheniere Energy LNG | United States | $56.8B | +16% | +28% | 31% | 13.0× | -8.6% | +15.9% |
| Mplx LP MPLX | United States | $56.6B | +4% | +7% | 38% | 12.0× | 2.7% | +6.8% |
| TC Energy TRP.TO | Canada | $65.1B | -1% | +6% | 46% | 23.0× | 11.4% | +3.4% |
| Energy Transfer LP ET | United States | $65.1B | -2% | +56% | 9% | 11.3× | 2.6% | +17.0% |
| Kinder Morgan KMI | United States | $66.7B | -5% | +12% | 29% | 19.6× | 7.7% | +7.9% |
| Enterprise Products Partners L.P EPD | United States | $80.0B | 0% | +22% | 12% | 11.9× | 1.0% | +14.3% |
| Williams Companies WMB | United States | $80.1B | -10% | +10% | 37% | 24.9× | n/a | n/a |
| Enbridge ENB.TO | Canada | $107B | -10% | +29% | 13% | 22.1× | 12.6% | +10.9% |
| Venture Global VG | United States | $28.8B | +1% | +101% | 38% | 6.3× | n/a | n/a |
| Pembina Pipeline PPL.TO | Canada | $28.3B | +11% | 0% | 31% | 22.2× | 10.7% | +5.2% |
| Plains All American Pipeline, L.P PAA | United States | $16.9B | +10% | +9% | 3% | 13.9× | 6.5% | +13.4% |
| Western Midstream Partners, LP WES | United States | $16.5B | -8% | +18% | 39% | 9.9× | 3.2% | +8.6% |