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| 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 |