Cheniere Energy (LNG) Operating Margin (2010 - 2026)
Cheniere Energy (LNG) posted Operating Margin of 59.44% for Q1 2026, down 185.16% sequentially from 69.8% in Q4 2025, and down 7709.0% YoY from 0.78% in Q1 2025.
Cheniere Energy (LNG) Operating Margin (2010 - 2026) Analysis & Trends
Cheniere Energy has reported Operating Margin for 17 years, with the latest figure at 59.44% in Q1 2026.
- Quarterly Operating Margin fell 7709.0% year-over-year to 59.44% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 22.86% (down 1227.0% YoY) and the FY2025 annual result came in at 45.61%, up 659.0% from the prior year.
- Operating Margin retreated to 59.44% in Q1 2026 per LNG's latest filing, from 69.8% in the prior quarter.
- Over five years, Operating Margin peaked at 109.32% in Q1 2023 and troughed at 59.44% in Q1 2026.
- A 5-year average of 36.17% and a median of 43.77% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin surged 11732 bps in 2023, then plunged 8218 bps in 2024.
- Over 5 years, Operating Margin stood at 73.87% in 2022, then slumped by 32 bps to 50.49% in 2023, then fell by 22 bps to 39.2% in 2024, then soared by 78 bps to 69.8% in 2025, then tumbled by 185 bps to 59.44% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 59.44%, 69.8%, and 40.91% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 29.84% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 74.84% |
| Mar 31, 2026 | -59.44% |
| Dec 31, 2025 | 69.80% |
| Sep 30, 2025 | 40.91% |
| Jun 30, 2025 | 54.51% |
| Mar 31, 2025 | 17.65% |
| Dec 31, 2024 | 39.20% |
| Sep 30, 2024 | 43.77% |
| Jun 30, 2024 | 48.85% |
| Mar 31, 2024 | 27.13% |
| Dec 31, 2023 | 50.49% |
| Sep 30, 2023 | 66.24% |
| Jun 30, 2023 | 56.27% |
| Mar 31, 2023 | 109.32% |
| Dec 31, 2022 | 73.87% |
| Sep 30, 2022 | -34.07% |
| Jun 30, 2022 | 18.45% |
| Mar 31, 2022 | -8.01% |
| Dec 31, 2021 | 8.62% |
| Sep 30, 2021 | -55.16% |