| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 56 | 20.7x | 17.8x | Around median | |
Growth | 23 | 17.5% | 7.1% | Bottom tier | |
Quality | 85 | 16.7% | 4.5% | Top tier | |
Safety | 52 | 3.1x | 2.6x | Around median | |
Capital Return | 41 | 0.77% | 2.12% | Around median | |
Momentum | 77 | 8.6% | 2.9% | Top tier | |
Sentiment | 82 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Cheniere Energy operates a U.S. liquefied natural gas infrastructure platform centered on the Sabine Pass and Corpus Christi facilities, generating its core cash flows from long-term contracts with creditworthy counterparties, alongside spot marketing sales and supply and shipping optimization activities. The company benefits from purchasing U.S. gas, liquefying it, and then supplying it to global markets, with flexibility to redirect cargoes between Europe and Asia based on price differentials. During Q2 FY2026, higher Stage 3 production, the absence of major maintenance, and improved marketing margins and optimization activities helped increase volumes and results.
In Q2 FY2026, revenue was $5.7 billion, net income was $3.1 billion, and earnings per share according to EDGAR filings were approximately $14.65. The company also recorded adjusted EBITDA of approximately $1.8 billion and distributable cash flow of approximately $1.2 billion, while news reports showed adjusted earnings of $3.02 per share versus expectations of $2.89. Net income increased by approximately $1.5 billion year over year, but a significant portion of the increase came from a non-cash derivatives impact related to long-term IPM agreements, so net income alone does not reflect operating cash performance.
The company produced and exported 184 cargoes, equivalent to 672 trillion British thermal units, up 20% from the comparable period, and recognized 657 trillion British thermal units of volumes in revenue. The performance mix came from increased Stage 3 production, higher marketing margins, and optimization activities, while the redirection of several cargoes from Europe to Asia deferred recognition of some volumes to Q3 FY2026. On a trailing twelve-month basis, revenue was $20.8 billion and net income was $1.5 billion, compared with revenue of $20.0 billion and net income of $5.3 billion in FY2025, highlighting the continued volatility of accounting net income.
The average analyst price target is $299.88, within a range of $279 to $330, with a consensus rating of “Buy.” The average is only approximately $1 below the 52-week range high of $300.89, while the highest target exceeds that high by approximately $29 and the lowest target remains above the range low of $186.2; this dispersion reflects the balance between higher FY2026 guidance and production capacity growth versus margin volatility and project execution risks. No valid price-to-earnings ratio is available in the provided data, and the large swing between the Q1 loss and Q2 profit in FY2026 makes distributable cash flow and adjusted EBITDA more indicative than net income alone when assessing operating performance.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
On August 6, 2026, the company raised adjusted EBITDA guidance to $7.9–$8.4 billion and distributable cash flow guidance to $5.3–$5.8 billion. Approximately $300 million of the increase resulted from adding 0.5 million tons to the midpoint of production guidance, approximately $200 million came from sales of open volumes and Henry Hub movements, and between $100 million and $150 million came from optimization activities. It also raised its production range to 53–54 million tons due to improved reliability, accelerated commissioning of Stage 3 trains, and higher marketing margins.
The Corpus Christi Stage 3 project was more than 98% complete on August 6, 2026, and Train 6 achieved substantial completion in June 2026. Train 7 entered commissioning, with substantial completion expected ahead of the guaranteed date in 2027, supporting the first full year of all Stage 3 capacity in FY2027. The new capacity already helped raise Q2 FY2026 production and exports to 184 cargoes and 672 trillion British thermal units, up 20% year over year.
Phase 1 includes Train 7 with a design capacity of approximately 5 million tons per year and a boil-off gas reliquefaction unit adding approximately 1 million tons per year, for a total of more than 6 million tons or approximately 10% of platform capacity. The company signed a contract worth approximately $4.7 billion with Bechtel Energy, while Baker Hughes will supply the turbines and compressors and perform upgrades to service the turbine fleet. Regulatory approvals were expected later in 2026, and the final investment decision was targeted for early 2027, with financing, early engineering, and critical procurement underway.
Automated analysis for informational purposes only — not investment advice.
Net income was $3.1 billion and earnings per share according to EDGAR were approximately $14.65 in Q2 FY2026, following a $3.5 billion loss in Q1 FY2026. However, the quarterly increase included a large non-cash gain from the valuation of derivatives related to IPM agreements, so adjusted EBITDA of $1.8 billion and distributable cash flow of $1.2 billion were clearer indicators of cash performance. Since mid-June 2026, the company has applied the normal purchases and normal sales accounting exception to approximately 75% of IPM volumes, which should reduce net income volatility in subsequent periods.
The disruption reduced Qatar and UAE exports by approximately 18 million tons during Q2 FY2026, and outbound LNG tanker traffic through the strait remained below 10% of the pre-conflict average. The supply shortage drove the TTF and JKM benchmarks higher and redirected more U.S. exports to Asia, where U.S. shipments to Asia reached a quarterly record of approximately 11 million tons. This supported marketing margins and demand for Cheniere's flexible supply, but it also increased volatility in prices, shipping routes, and the timing of revenue recognition.
During the first half of FY2026, the company returned more than $1.3 billion through share repurchases and dividends, including approximately $1.1 billion to repurchase nearly 5 million shares. In Q2 FY2026, it repurchased 2.2 million shares for $550 million and declared a dividend of $0.555 per share. It also reaffirmed its commitment to increase the annual dividend by at least 10% through the end of the decade, while funding the Corpus Christi and Sabine Pass projects.
