Cheniere Energy (LNG) Cost of Revenue (2015 - 2026)
Cheniere Energy's Cost of Revenue was $3.21 billion in Q3 2026, up 83.3% from $1.75 billion a year earlier and up 630.5% from the prior quarter.
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Analysis
Cheniere Energy (LNG) Cost of Revenue (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cheniere Energy's Cost of Revenue was $12.68 billion through Sep 30, 2026, up 54.9% year-over-year; for FY2025, it came in at $7.15 billion, up 18.8% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 11.4% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $6.02 billion in FY2024 (+344.0%), $1.36 billion in FY2023 (-94.7%), $25.63 billion in FY2022 (+86.1%) and $13.77 billion in FY2021 (+231.0%).
- Quarterly Cost of Revenue has moved between $439 million (Q2 2026) and $11.07 billion (Q3 2022) over five years.
- Compared with a year earlier, Cost of Revenue was higher in six of the last eight quarters, with growth averaging 34.2%.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2022 (growth of 429.3%); the worst was Q3 2023 (a decline of 95.0%).
- Per Business Quant data, LNG's Cost of Revenue in the three quarters before Q3 2026 was $439 million (Q2 2026), $8.32 billion (Q1 2026) and $712 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | - |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 632.00 Mn |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 1.57 Bn |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 30.53 Bn |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | 37.15 Mn |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 3.21 Bn |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 3.58 Bn |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 411.00 Mn |
| 10 | Oneok | 53.74 Bn | 53.15 Bn | 2.84 Bn | 9.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.21 Bn |
| Jun 30, 2026 | 439.00 Mn |
| Mar 31, 2026 | 8.32 Bn |
| Dec 31, 2025 | 712.00 Mn |
| Sep 30, 2025 | 1.75 Bn |
| Jun 30, 2025 | 1.12 Bn |
| Mar 31, 2025 | 3.57 Bn |
| Dec 31, 2024 | 1.75 Bn |
| Sep 30, 2024 | 1.26 Bn |
| Jun 30, 2024 | 784.00 Mn |
| Mar 31, 2024 | 2.24 Bn |
| Dec 31, 2023 | 1.29 Bn |
| Sep 30, 2023 | 556.00 Mn |
| Jun 30, 2023 | 912.00 Mn |
| Mar 31, 2023 | 1.54 Bn |
| Dec 31, 2022 | 1.47 Bn |
| Sep 30, 2022 | 11.07 Bn |
| Jun 30, 2022 | 5.75 Bn |
| Mar 31, 2022 | 7.34 Bn |
| Dec 31, 2021 | 5.37 Bn |
API Access
Cheniere Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();