LNG financial statements

The full income statement, balance sheet, and cash-flow statement for Cheniere Energy Inc. (LNG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 228.9M2024-06 226.3M2024-09 224.4M2024-12 223.7M2025-03 221.8M2025-06 219.8M2025-09 215.2M2025-12 210.2M2026-03 209.6M-8.5% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	20.0B YoY+29.6%	15.4B YoY-22.1%	19.8B YoY-40.6%	33.3B YoY+90.0%	17.5B YoY+88.6%
Research & development	—	—	—	16.0M YoY+128.6%	7.00M YoY+16.7%
Selling, general & administrative	383M YoY-13.2%	441M YoY-7.0%	474M YoY+13.9%	416M YoY+28.0%	325M YoY+7.6%
Operating income	9.11B YoY+48.7%	6.13B YoY-60.4%	15.5B YoY+239.7%	4.56B YoY+750.4%	-701M YoY-126.6%
Interest expense	948M YoY-6.1%	1.01B YoY-11.5%	1.14B YoY-18.8%	1.41B YoY-2.2%	1.44B YoY-5.7%
Interest & investment income	102M YoY-45.7%	188M YoY-8.7%	206M YoY+329.2%	48.0M	—
Other non-operating income	20.0M YoY+300.0%	5.00M YoY+25.0%	4.00M YoY+108.0%	-50.0M YoY-92.3%	-26.0M YoY+76.8%
Equity-method income	—	—	—	-55.0M YoY-129.2%	-24.0M YoY+81.0%
Pre-tax income	8.28B YoY+56.2%	5.30B YoY-63.6%	14.6B YoY+371.2%	3.09B YoY+235.8%	-2.28B YoY-518.8%
Income tax	1.49B YoY+83.5%	811M YoY-67.8%	2.52B YoY+448.8%	459M YoY+164.4%	-713M YoY-1758.1%
	5.33B YoY+63.9%	3.25B YoY-67.1%	9.88B YoY+591.9%	1.43B YoY+160.9%	-2.34B YoY-2656.5%
Net income to non-controlling interest	1.46B YoY+18.1%	1.24B YoY-43.1%	2.18B YoY+80.4%	1.21B YoY+55.1%	778M YoY+32.8%
Net income to common	5.32B YoY+63.4%	3.25B YoY-67.1%	9.88B	—	—
	$24.13 YoY+69.9%	$14.20 YoY-65.1%	$40.72 YoY+622.0%	$5.64 YoY+161.0%	-$9.25 YoY-2620.6%
EPS (basic)	$24.19 YoY+69.9%	$14.24 YoY-65.3%	$40.99 YoY+620.4%	$5.69 YoY+161.5%	-$9.25 YoY-2620.6%
	220M YoY-3.8%	228M YoY-5.2%	241M YoY-4.0%	251M YoY-0.9%	253M YoY+0.4%
	220M YoY-3.8%	229M YoY-5.6%	243M YoY-4.3%	253M YoY+0.0%	253M YoY+0.4%
Dividends per share	$2.15 YoY+18.9%	$1.80 YoY+11.4%	$1.62 YoY+17.0%	$1.39 YoY+319.7%	$0.33
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	3.69B YoY-23.1%	4.80B YoY-24.2%	6.33B YoY+12.9%	5.61B YoY+10.9%	5.06B YoY+59.5%
Cash & equivalents	1.10B YoY-58.3%	2.64B YoY-35.1%	4.07B YoY+200.5%	1.35B YoY-3.6%	1.40B YoY-13.8%
Accounts receivable	1.24B YoY+87.1%	661M	—	1.94B YoY+29.1%	1.51B YoY+132.8%
Inventory	524M YoY+4.6%	501M YoY+12.6%	445M YoY-46.1%	826M YoY+17.0%	706M YoY+141.8%
Other current assets	119M YoY+19.0%	100M YoY+4.2%	96.0M YoY-1.0%	97.0M YoY-53.1%	207M YoY+115.6%
	47.9B YoY+9.2%	43.9B YoY+1.8%	43.1B YoY+4.4%	41.3B YoY+5.1%	39.3B YoY+10.0%
Property, plant & equipment	35.8B YoY+6.6%	33.6B YoY+3.4%	32.5B YoY+2.9%	31.5B YoY+4.1%	30.3B YoY-0.4%
Operating lease right-of-use	2.70B YoY+0.6%	2.68B YoY+1.6%	2.64B YoY+0.6%	2.63B YoY+24.9%	2.10B YoY+176.9%
Goodwill	77.0M YoY+0.0%	77.0M YoY+0.0%	77.0M YoY+0.0%	77.0M YoY+0.0%	77.0M YoY+0.0%
Deferred tax assets	12.0M YoY-36.8%	19.0M YoY-26.9%	26.0M YoY-97.0%	864M YoY-28.2%	1.20B YoY+146.2%
Other non-current assets	1.06B YoY+17.9%	899M YoY+18.4%	759M YoY+25.2%	606M YoY+31.2%	462M YoY+13.8%
	3.92B YoY-11.8%	4.44B YoY+14.2%	3.89B YoY-42.8%	6.79B YoY+44.8%	4.69B YoY+113.7%
Accounts payable	123M YoY-28.1%	171M YoY-5.5%	181M YoY+46.0%	124M YoY-20.0%	155M YoY+342.9%
Accrued liabilities	2.08B YoY-4.5%	2.18B YoY+22.4%	1.78B YoY-33.6%	2.68B YoY+16.5%	2.30B YoY+95.7%
Deferred revenue	150M YoY-8.0%	163M YoY-8.9%	179M YoY-23.5%	234M YoY+51.0%	155M YoY+12.3%
Short-term & current debt	306M YoY-12.8%	351M YoY+17.0%	300M YoY-63.1%	813M YoY+594.9%	117M YoY-49.6%
Current lease liability	539M YoY-9.0%	592M YoY-9.6%	655M YoY+6.3%	616M YoY+15.1%	535M YoY+232.3%
Other current liabilities	99.0M YoY+19.3%	83.0M YoY+93.0%	43.0M YoY+53.6%	28.0M YoY-70.2%	94.0M YoY+4600.0%
Finance lease liability (current)	88.0M YoY+100.0%	44.0M YoY+25.7%	35.0M YoY+25.0%	28.0M	—
	34.8B YoY+3.0%	33.8B YoY-0.8%	34.1B	—	—
Long-term debt	22.5B YoY-0.2%	22.6B YoY-3.6%	23.4B YoY-2.7%	24.1B YoY-18.3%	29.4B YoY-3.4%
Non-current lease liability	2.16B YoY+3.5%	2.09B YoY+6.0%	1.97B YoY+0.0%	1.97B YoY+27.9%	1.54B YoY+158.1%
Operating lease liability (total)	2.70B YoY+0.7%	2.68B YoY+2.1%	2.63B YoY+1.5%	2.59B YoY+24.6%	2.08B YoY+173.9%
Finance lease liability (total)	931M YoY+75.7%	530M YoY+5.6%	502M YoY-3.8%	522M YoY+784.7%	59.0M YoY+0.0%
Finance lease liability	843M YoY+73.5%	486M YoY+4.1%	467M YoY-5.5%	494M YoY+766.7%	57.0M YoY+0.0%
Deferred tax liabilities	3.70B YoY+99.2%	1.86B YoY+20.1%	1.54B	0.00	—
Other non-current liabilities	1.31B YoY+32.3%	992M YoY+13.1%	877M YoY+401.1%	175M YoY+250.0%	50.0M YoY+614.3%
	7.92B YoY+38.9%	5.70B YoY+12.6%	5.06B YoY+270.4%	-2.97B YoY-15.5%	-2.57B YoY-1246.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	4.52B YoY+1.6%	4.45B YoY+1.7%	4.38B YoY+1.5%	4.31B YoY-1.4%	4.38B YoY+2.4%
Retained earnings	12.2B YoY+65.8%	7.38B YoY+62.4%	4.55B YoY+192.0%	-4.94B YoY+17.9%	-6.02B YoY-67.6%
Treasury stock	8.85B YoY+44.3%	6.14B YoY+58.8%	3.86B YoY+65.0%	2.34B YoY+152.4%	928M YoY+6.4%
Non-controlling interest	5.03B YoY+15.5%	4.35B YoY+9.9%	3.96B YoY+41.5%	2.80B YoY+10.2%	2.54B YoY+5.4%
Total equity incl. non-controlling	12.9B YoY+28.7%	10.1B YoY+11.5%	9.02B YoY+5374.9%	-171M YoY-418.2%	-33.0M YoY-101.5%
Total liabilities & equity	47.9B YoY+9.2%	43.9B YoY+1.8%	43.1B YoY+4.4%	41.3B YoY+5.1%	39.3B YoY+10.0%
	279M YoY+0.2%	279M YoY+0.3%	278M YoY+0.4%	277M YoY+0.5%	275M YoY+0.8%
	—	—	—	—	254M YoY+0.5%
	210M YoY-6.0%	224M YoY-4.7%	235M YoY-3.7%	244M YoY-4.2%	254M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.54B YoY+2.7%	5.39B YoY-35.9%	8.42B YoY-20.0%	10.5B YoY+326.2%	2.47B YoY+95.2%
Depreciation & amortization	1.33B YoY+8.9%	1.22B YoY+2.0%	1.20B YoY+6.9%	1.12B YoY+10.7%	1.01B YoY+8.5%
Share-based compensation	161M YoY-25.1%	215M YoY-14.0%	250M YoY+22.0%	205M YoY+46.4%	140M YoY+27.3%
Deferred income taxes	1.86B YoY+463.3%	330M YoY-86.2%	2.39B YoY+443.0%	440M YoY+161.5%	-715M YoY-1887.5%
Change in inventory	32.0M YoY-43.9%	57.0M YoY+115.1%	-377M YoY-406.5%	123M YoY-69.9%	409M YoY+2047.6%
	-3.01B YoY-32.2%	-2.28B YoY-3.5%	-2.20B YoY-19.4%	-1.84B YoY-102.2%	-912M YoY+53.2%
Capital expenditure	3.08B YoY+37.5%	2.24B YoY+5.5%	2.12B YoY+15.9%	1.83B YoY+89.4%	966M YoY-47.5%
Free cash flow	2.46B YoY-22.0%	3.16B YoY-49.9%	6.30B YoY-27.6%	8.69B YoY+478.4%	1.50B YoY+361.8%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Other investing activities	-68.0M YoY-334.5%	29.0M YoY+45.0%	20.0M YoY+2100.0%	-1.00M YoY-107.1%	14.0M YoY+75.0%
	-4.13B YoY+7.2%	-4.45B YoY-6.5%	-4.18B YoY+47.8%	-8.01B YoY-341.1%	-1.82B YoY-673.2%
Long-term debt issued	1.99B YoY-27.1%	2.73B YoY+95.1%	1.40B YoY-11.3%	1.57B YoY-73.4%	5.91B YoY-21.7%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	2.72B YoY+20.4%	2.26B YoY+53.6%	1.47B YoY+7.3%	1.37B YoY+15155.6%	9.00M YoY-94.2%
Dividends paid	451M YoY+9.5%	412M YoY+4.8%	393M YoY+12.6%	349M YoY+310.6%	85.0M
Other financing activities	-118M YoY-24.2%	-95.0M YoY-179.4%	-34.0M YoY+60.5%	-86.0M YoY+32.3%	-127M YoY-4333.3%
FX effect on cash	-3.00M YoY-400.0%	1.00M YoY-50.0%	2.00M YoY-60.0%	5.00M	0.00
Net change in cash	-1.61B YoY-20.3%	-1.33B YoY-165.5%	2.04B YoY+204.2%	670M YoY+357.7%	-260M YoY+71.6%
Interest paid	844M YoY-21.5%	1.07B YoY+4.2%	1.03B YoY+15.8%	891M YoY-34.7%	1.36B YoY-2.2%
Income taxes paid	32.0M YoY+134.8%	-92.0M YoY-178.6%	117M YoY+290.0%	30.0M YoY+650.0%	4.00M YoY+100.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	40.9B YoY-15.0%	48.1B YoY+18.2%	40.7B YoY+9.1%	37.3B YoY+44.5%	25.8B YoY+69.5%
P/E	7.7× YoY-48.1%	14.8× YoY+352.0%	3.3×	—	—
P/S	2.0× YoY-34.4%	3.1× YoY+84.3%	1.7× YoY+41.5%	1.2× YoY-18.8%	1.5× YoY-10.1%
P/B	5.2× YoY-38.8%	8.4× YoY-14.1%	9.8×	—	—
P/FCF	16.6× YoY+9.0%	15.2× YoY+189.4%	5.3× YoY-9.1%	5.8× YoY-66.3%	17.2×
	13.0% YoY+92.8%	6.8% YoY-77.9%	30.6%	—	—
	6.0% YoY-8.3%	6.6% YoY-65.4%	19.0% YoY+10.0%	17.3% YoY+196.4%	5.8%
	1.1% YoY+31.4%	0.84% YoY-11.5%	0.95% YoY+2.7%	0.92% YoY+183.8%	0.33%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: LNG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LNG filings on SEC EDGAR → Not investment advice.