Cheniere Energy (LNG) Gross Margin (2015 - 2026)
Cheniere Energy (LNG) reported Gross Margin of 92.34% for Q2 2026, up 16.41 percentage points from 75.93% a year earlier and up 134.09 percentage points from the prior quarter.
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Analysis
Cheniere Energy (LNG) Gross Margin (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cheniere Energy's Gross Margin came in at 47.80%, down 10.15 percentage points year-over-year; for FY2025, it came in at 64.21%, up 2.55 percentage points from FY2024.
- Gross Margin has a five-year change of +8.67 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 61.66% in FY2024 (-31.69 pp), 93.35% in FY2023 (+70.03 pp), 23.32% in FY2022 (+10.14 pp) and 13.18% in FY2021 (-42.35 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q4 2015.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of -10.65 percentage points.
- The high point for year-over-year Gross Margin in five years was Q3 2023 (a gain of 111.72 percentage points); the low point was Q1 2026 (a drop of 76.16 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -41.75% (Q1 2026), 86.94% (Q4 2025) and 60.59% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 87.77% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 23.30% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 92.34% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.34% |
| Mar 31, 2026 | -41.75% |
| Dec 31, 2025 | 86.94% |
| Sep 30, 2025 | 60.59% |
| Jun 30, 2025 | 75.93% |
| Mar 31, 2025 | 34.40% |
| Dec 31, 2024 | 60.64% |
| Sep 30, 2024 | 66.65% |
| Jun 30, 2024 | 75.88% |
| Mar 31, 2024 | 47.43% |
| Dec 31, 2023 | 73.36% |
| Sep 30, 2023 | 86.63% |
| Jun 30, 2023 | 77.77% |
| Mar 31, 2023 | 78.95% |
| Dec 31, 2022 | 83.81% |
| Sep 30, 2022 | -25.09% |
| Jun 30, 2022 | 28.16% |
| Mar 31, 2022 | 4.19% |
| Dec 31, 2021 | -5.38% |
| Sep 30, 2021 | -14.27% |
API Access
Cheniere Energy Gross Margin 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=gross-margin&ticker=LNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=LNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();