Cheniere Energy (LNG) Operating Expenses (2010 - 2026)
Cheniere Energy (LNG) reported Operating Expenses of $9.4 billion for Q1 2026, up 1878.01% on a YoY basis from $473.0 million 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 (LNG) has 17 years of Operating Expenses data on file, last reported at $9.4 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 1878.01% year-over-year to $9.4 billion; the trailing twelve-month figure through Mar 2026 stood at $3.1 billion (down 45.9% YoY), and the FY2025 full-year result was $2.0 billion, down 79.47% from the prior year.
- Operating Expenses advanced to $9.4 billion in Q1 2026, 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.
- A 5-year average of $2.4 billion and a median of $487.0 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 2414.6% in 2022 and sank 368.89% in 2025, its largest moves.
- Tracing LNG's Operating Expenses over 5 years: stood at $2.4 billion in 2022, then plunged by 80.67% to $459.0 million in 2023, then soared by 487.58% to $2.7 billion in 2024, then slumped by 368.89% 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Cheniere Energy | 57.25 Bn | 55.92 Bn | 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 | 473.00 Mn |
| Dec 31, 2024 | 2.70 Bn |
| Sep 30, 2024 | 2.12 Bn |
| Jun 30, 2024 | 463.00 Mn |
| Mar 31, 2024 | 451.00 Mn |
| Dec 31, 2023 | 459.00 Mn |
| Sep 30, 2023 | 445.00 Mn |
| Jun 30, 2023 | 487.00 Mn |
| 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 | 385.00 Mn |