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
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