Cheniere Energy (LNG) Operating Expenses (2010 - 2026)

Cheniere Energy's (LNG) quarterly Operating Expenses came in at $9.4 billion in Q1 2026, up 108.7% year-on-year from $4.5 billion in Q1 2025, and up 229.01% quarter-over-quarter from -$7.3 billion in Q4 2025.

Cheniere Energy (LNG) Operating Expenses (2010 - 2026) Analysis & Trends

Cheniere Energy has disclosed Operating Expenses across 17 years of filings, most recently posting $9.4 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $9.4 billion, up 108.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 billion (down 79.0% YoY), and the FY2025 annual result was $2.0 billion, down 79.47% from the prior year.
  • Operating Expenses came in at $9.4 billion for Q1 2026 at Cheniere Energy, up from -$7.3 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $11.9 billion in Q3 2022 to a low of -$7.3 billion in Q4 2025.
  • The 5-year median for Operating Expenses is $1.8 billion (2023), against an average of $3.1 billion.
  • Across the five-year window, Operating Expenses surged 1688.89% in 2024 and tumbled 188.32% in 2025, its largest moves.
  • Cheniere Energy's Operating Expenses stood at $2.4 billion in 2022, then tumbled by 80.67% to $459.0 million in 2023, then soared by 1688.89% to $8.2 billion in 2024, then sank by 188.32% to -$7.3 billion in 2025, then soared by 229.01% to $9.4 billion in 2026.
  • The last three Operating Expenses figures came in at $9.4 billion (Q1 2026), -$7.3 billion (Q4 2025), and $447.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 13.95 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 12.50 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 3.38 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.70 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -93.35 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 1.82 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 333.70 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 7.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 915.00 Mn
10 Cheniere Energy 50.33 Bn 52.53 Bn 5.86 Bn 9.36 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.36 Bn
Dec 31, 2025 -7.25 Bn
Sep 30, 2025 447.00 Mn
Jun 30, 2025 559.00 Mn
Mar 31, 2025 4.48 Bn
Dec 31, 2024 8.21 Bn
Sep 30, 2024 450.00 Mn
Jun 30, 2024 1.66 Bn
Mar 31, 2024 3.10 Bn
Dec 31, 2023 459.00 Mn
Sep 30, 2023 445.00 Mn
Jun 30, 2023 1.79 Bn
Mar 31, 2023 444.00 Mn
Dec 31, 2022 2.37 Bn
Sep 30, 2022 11.87 Bn
Jun 30, 2022 6.53 Bn
Mar 31, 2022 8.10 Bn
Dec 31, 2021 387.00 Mn
Sep 30, 2021 5.55 Bn
Jun 30, 2021 2.87 Bn