Energy and commodity pricesmixed · 5 filings
“These increased losses were primarily attributable to widening spreads between global and U.S.”10-Q · May 7, 2026 ↗
Cheniere Energy, Inc.
LNG
Market read
Cheniere Energy, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
What changed
- Revenue increased 24.5% versus the comparable filing period.
- Operating income moved from a profit to a loss in the comparable period.
Company+0.4% todayVolume comparison unavailable
Market group0 of 19 activeOil & Gas Midstream · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
Watch this read- LNG's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if LNG's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 24.5% versus the comparable filing period.
Evidence that challenges
- Operating income moved from a profit to a loss in the comparable period.
- Cash declined 1.2B versus the comparable period.
- Net margin fell 59.8 percentage points.
What would clarify the read
- LNG's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements82
Verified relationships0
Evidence supporting the case
- Latest annual revenue changed +26.3% year over year.
- Operating margin changed +7.1 percentage points in the latest annual period.
- Net margin changed +6.3 percentage points in the latest annual period.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- EV/sales is 31% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
277.956m+11.0%12m+18.6%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$17.5B+88.6%$-9.25+0.4%
2022-12-31$33.3B+90.0%$5.64+0.0%
2023-12-31$19.8B-40.6%$40.72-4.3%
2024-12-31$15.4B-22.1%$14.20-5.6%
2025-12-31$19.5B+26.3%$24.13-3.8%
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposuremixed · 3 filings
“The following table summarizes pre-FID development efforts and certain key milestones associated with the SPL Expansion Project and the CCL Expansion Project: SPL Expansion Project CCL Expansion Project Expected total peak production capacity of LNG (1) Up to…”10-Q · May 7, 2026 ↗
Credit and interest ratesnegative · 1 filings
“AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED (5) In August 2025, we entered into an amendment and restatement of the Cheniere Revolving Credit Facility, resulting in an extended maturity date, reduced rate of interest and commitment f…”10-K · Feb 26, 2026 ↗
Pricing and mixpositive · 1 filings
“ult of higher pricing per MMBtu between the comparable nine month periods including the effect of settlement of previously entered derivative instruments, as well as increased 33 Table of Contents production volume due to the substantial completions of Trains…”10-Q · Oct 30, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.1× · EV/sales 4.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
277.11+0.4% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for LNG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-07 against the comparable filing from 2025-05-08.
OperationsmixedEvidence score 0
liquiditycautiousEvidence score -1
valuationmixed
What improved
- Revenue increased 24.5% versus the comparable filing period.
What weakened
- Operating income moved from a profit to a loss in the comparable period.
- Cash declined 1.2B versus the comparable period.
- Net margin fell 59.8 percentage points.
Filing receipts
“30 Table of Contents The following is an expanded discussion of the material drivers of the variance in net income (loss) attributable to Cheniere: Revenues The $424 million increase in total revenues during the three months ended March 31, 2026 as compared to the same period of 2025 was primarily attributable to: • 1.3 billion increase primarily due to higher pricing per MMBtu from increased Henry Hub pricing, to which the majority of our long-term LNG sales contracts are indexed, as well as higher volumes of LNG delivered as LNG revenues between the periods; partially offset by: • $952 million of unfavorable changes in the fair value of agreements accounted for as derivative instruments i...”
“Our operating results, excluding these items discussed above, were favorable during the three months ended March 31, 2026 as compared to the same period of 2025 due to higher total margins primarily from higher volumes delivered, which increased by 66 TBtu, largely due to the first four Trains of the Corpus Christi Stage 3 Project in operation throughout the three months ended March 31, 2026 as compared to the first Train of the Corpus Christi Stage 3 Project in operation for only half a month during the same period in 2025 and from contributions from optimization activities, and to a lesser degree from the relative portion of our cargoes sold that is subject to global LNG pricing.”
“Net income (loss) attributable to Cheniere Net income (loss) attributable to Cheniere declined by $3.9 billion during the three months ended March 31, 2026 as compared to the same period of 2025, primarily due to $4.8 billion of unfavorable changes in the fair value of agreements accounted for as derivative instruments (before tax and the impact of NCI), largely associated with our long-term IPM agreements.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind LNG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
LNG is currently a Follower in the organic co-movement group Oil & Gas Midstream. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.