Companies /Energy

Cheniere Energy Inc

NYSE MKT: LNG Oil & Gas Midstream
$280.80
▼ $3.28 (−1.15%) today
Markets closed · 11:38pm ET

Q2 2025 Earnings

Reported Aug 7, 2025, 7:33am ET · SEC source
$7.30
Beat +201.69%
EPS · est. $2.42
$4.6B
Beat +8.08%
Revenue · est. $4.3B
−3.2%
Trailing market
LNG vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−4%−2%0Aug 7Aug 8report 7:33am ETearnings+0.0%−5.3%
−6%−4%−2%0Aug 7Aug 8earnings+0.0%−5.3%
LNG −5.3%S&P 500 +0.0%
−6%−4%−2%0Aug 7Aug 8report 7:33am ETearnings+0.3%−5.3%
−6%−4%−2%0Aug 7Aug 8earnings+0.3%−5.3%
LNG −5.3%NASDAQ +0.3%
−4%−2%0Aug 6Aug 14report 7:33am ETearnings+1.4%−2.5%
−4%−2%0Aug 6Aug 14earnings+1.4%−2.5%
LNG −2.5%S&P 500 +1.4%
−4%−2%0+2%Aug 6Aug 14report 7:33am ETearnings+1.4%−2.5%
−4%−2%0+2%Aug 6Aug 14earnings+1.4%−2.5%
LNG −2.5%NASDAQ +1.4%
−0.27%
Day of report
−1.89%
Next session
−1.12%
One week
−0.37%
30 days

S&P 500 over the same 30 days: +2.86%.

Did LNG Beat Earnings? Q2 2025 Results

Cheniere Energy delivered a blowout second quarter for 2025, reporting earnings per share of $7.30 against a consensus estimate of just $2.42, a beat of 201.69% that reflected both strong operational performance and approximately $873 million in favorable derivative fair value variances. Revenue climbed 43.0% year-over-year to $4.64 billion, topping the $4.29 billion consensus by 8.08%, as LNG revenues reached $4.51 billion compared to $3.04 billion in the same period last year. The quarter carried strategic weight beyond the headline numbers; Cheniere made a final investment decision on the CCL Midscale Trains 8 and 9 Project, adding roughly 5 mtpa of expected capacity, while Train 2 of the CCL Stage 3 Project achieved substantial completion ahead of schedule. Management responded by raising full-year 2025 Distributable Cash Flow guidance to $4.40 billion to $4.80 billion and tightening its Consolidated Adjusted EBITDA range to $6.60 billion to $7.00 billion, reinforcing a long-term outlook that projects over $25 billion of available cash through 2030.

Key Takeaways
  • Higher total margins per MMBtu of LNG delivered vs. prior year periods
  • Approximately $873 million favorable variance from derivative fair value changes in Q2 2025 vs. Q2 2024
  • 43% year-over-year revenue growth driven by higher LNG revenues
  • New capacity coming online from CCL Stage 3 Project

“The second quarter of 2025 marked another outstanding quarter for Cheniere, as our team demonstrated its ability to execute safely, reliably and strategically throughout our business, highlighted by the positive FID of the CCL Midscale Trains 8 & 9 Project and the successful completion of our large-scale planned maintenance turnaround at Sabine Pass.”

Cheniere Energy CEO, on the earnings call

Forward Guidance & Outlook

Cheniere raised and tightened its full year 2025 financial guidance: Consolidated Adjusted EBITDA is now expected at $6.6 billion to $7.0 billion (previously $6.5 billion to $7.0 billion), and Distributable Cash Flow is now expected at $4.4 billion to $4.8 billion (previously $4.1 billion to $4.6 billion). The company expects to generate over $25 billion of available cash through 2030 and reach over $25 per share of run-rate Distributable Cash Flow. Cheniere increased its quarterly dividend by over 10% to $2.22 per share annualized starting Q3 2025. The CCL Stage 3 Project remaining trains are expected to reach substantial completion from 2H 2025 through 2H 2026. The company has a constructive outlook for the remainder of 2025, focused on growing its brownfield platform and bringing online new Corpus Christi capacity ahead of schedule and on budget.

LNG YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$2.0B$4.0B$3.2B$4.6BRevenue$950.0M$2.5BOperating Income$880.0M$1.6BNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

LNG Revenue by Segment

LNG Revenues$4.5B
Other Revenues$92.0M
Regasification Revenues$34.0M

Figures from SEC filings and company reports. Not investment advice.