Cheniere Energy (LNG) Operating Expenses (2010 - 2026)
Cheniere Energy (LNG) reported Operating Expenses of $9.4 billion for Q1 2026, up 108.7% year-over-year from $4.5 billion in Q1 2025, and up 229.01% sequentially from -$7.3 billion in Q4 2025.
Cheniere Energy (LNG) Operating Expenses (2010 - 2026) Analysis & Trends
Cheniere Energy's Operating Expenses history runs 17 years deep, the most recent figure standing at $9.4 billion for Q1 2026.
- Quarterly Operating Expenses rose 108.7% year-over-year to $9.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.1 billion (down 79.0% YoY) and the FY2025 annual result came in at $2.0 billion, down 79.47% from the prior year.
- Operating Expenses was $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.
- Median Operating Expenses over the past 5 years was $1.8 billion (2023), compared with a mean of $3.1 billion.
- Across the five-year window, Operating Expenses jumped 1688.89% in 2024 and slumped 188.32% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $2.4 billion in 2022, then slumped by 80.67% to $459.0 million in 2023, then surged by 1688.89% to $8.2 billion in 2024, then plunged by 188.32% to -$7.3 billion in 2025, then surged by 229.01% to $9.4 billion in 2026.
- Business Quant data shows LNG's Operating Expenses at $9.4 billion in Q1 2026, -$7.3 billion in Q4 2025, and $447.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Cheniere Energy | - | - | 5.86 Bn | 9.36 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |