Cheniere Energy (LNG) Operating Expenses (2010 - 2026)
Cheniere Energy (LNG) posted Operating Expenses of $9.4 billion for Q1 2026, up 229.01% sequentially from -$7.3 billion in Q4 2025, and up 1878.01% YoY from $473.0 million in Q1 2025.
Cheniere Energy (LNG) Operating Expenses (2010 - 2026) Analysis & Trends
Cheniere Energy has reported Operating Expenses for 17 years, with the latest figure at $9.4 billion in Q1 2026.
- Quarterly Operating Expenses rose 1878.01% year-over-year to $9.4 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.1 billion (down 45.9% YoY) and the FY2025 annual result came in at $2.0 billion, down 79.47% from the prior year.
- Operating Expenses advanced to $9.4 billion in Q1 2026 per LNG's latest filing, from -$7.3 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $11.9 billion in Q3 2022 and troughed at -$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.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 2414.6% in 2022, then tumbled 368.89% in 2025.
- Over 5 years, Operating Expenses stood at $2.4 billion in 2022, then tumbled by 80.67% to $459.0 million in 2023, then soared by 487.58% to $2.7 billion in 2024, then sank by 368.89% to -$7.3 billion in 2025, then surged by 229.01% to $9.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $9.4 billion, -$7.3 billion, and $447.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| 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 |