Companies /Energy

Cheniere Energy Inc

NYSE MKT: LNG Oil & Gas Midstream
$280.80
▼ $3.28 (−1.15%) today
Markets closed · 2:57am ET

Q3 2025 Earnings

Reported Oct 30, 2025, 7:31am ET · SEC source
$4.75
Beat +71.11%
EPS · est. $2.78
$4.4B
Miss −0.96%
Revenue · est. $4.5B
−1.3%
Trailing market
LNG vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0Oct 29Nov 6report 7:31am ETearnings−2.2%−1.9%
−2%0Oct 29Nov 6earnings−2.2%−1.9%
LNG −1.9%S&P 500 −2.2%
−4%−2%0Oct 29Nov 6report 7:31am ETearnings−3.4%−1.9%
−4%−2%0Oct 29Nov 6earnings−3.4%−1.9%
LNG −1.9%NASDAQ −3.4%
+0.18%
Day of report
+0.23%
Next session
−1.65%
One week
−1.06%
30 days

S&P 500 over the same 30 days: +0.25%.

Did LNG Beat Earnings? Q3 2025 Results

Cheniere Energy delivered a standout third quarter of 2025, posting earnings per share of $4.75 against a consensus estimate of $2.78, a beat of 71.11% that underscored the widening gap between analyst expectations and the company's operational momentum. Revenue climbed 17.6% year-over-year to $4.44 billion, falling just shy of the $4.48 billion consensus by less than 1%, a modest miss that did little to overshadow the broader earnings strength. The primary driver behind the profit surge was a combination of higher LNG volumes flowing from the newly completed trains of the CCL Stage 3 Project and favorable derivative fair value changes of approximately $69 million compared to the prior-year period. Consolidated Adjusted EBITDA rose 8% to $1.61 billion, while the company aggressively returned capital, repurchasing roughly 4.4 million shares for $1 billion and raising its quarterly dividend more than 10% to $0.56 per share. Looking ahead, Cheniere reconfirmed its full-year 2025 EBITDA guidance of $6.60 billion to $7.00 billion and raised its Distributable Cash Flow guidance to $4.80 billion to $5.20 billion, citing favorable IRS interim rules on the Corporate Alternative Minimum Tax.

Key Takeaways
  • Higher total margins per MMBtu of LNG delivered
  • Higher volumes of LNG delivered primarily from CCL Stage 3 Project substantial completions
  • Favorable variances in fair value of derivative instruments including IPM agreements
  • Partially offset by lower contributions from charter vessel portfolio optimization activities

“The third quarter of 2025 was another outstanding quarter for Cheniere across our business, as our team makes continued progress on the operation, construction and commissioning of the CCL Stage 3 Project, executes on our comprehensive capital allocation plan, and continues to solidify the commercial foundation for future accretive growth.”

Cheniere Energy CEO, on the earnings call

Forward Guidance & Outlook

Cheniere reconfirmed full year 2025 Consolidated Adjusted EBITDA guidance of $6.6 billion to $7.0 billion and raised full year 2025 Distributable Cash Flow guidance from $4.4–$4.8 billion to $4.8–$5.2 billion, primarily due to IRS revised interim rules on CAMT that deferred certain cash tax obligations and entitled the company to a CAMT refund. The company has completed its initial 2026 LNG production forecast, which benefits from additional new capacity from the CCL Stage 3 Project being brought online on an accelerated schedule and on budget. Trains 4–7 of the CCL Stage 3 Project are scheduled to reach substantial completion by end of 2026. The CCL Midscale Trains 8 & 9 Project is expected to reach substantial completion in 2H 2028. Full year 2025 net income attributable to Cheniere is guided at $3.5–$3.9 billion.

LNG YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$2.0B$4.0B$3.8B$4.4BRevenue$1.2B$1.8BOperating Income$893.0M$1.0BNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

LNG Revenue by Segment

LNG Revenues$4.3B
Other Revenues$105.0M
Regasification Revenues$34.0M

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