The Cheniere Energy shows a gross margin of 36.4%, an operating margin of 28.1%, an EBITDA margin of 30.2%, and a net margin of 13.1%. All reported margins declined year over year, led by EBITDA margin with a decline of 11.9 percentage points.
LNG margin history
Over the last 3 years, Cheniere Energy's margins averaged 50.48% gross, 40.98% operating, 44.48% EBITDA, and 22.39% net. All four current margins are below their three-year averages.
LNG margin expansion
The strongest decline was in EBITDA margin, which fell by 11.9 percentage points. The other available margins also declined.
LNG Gross margin
Over the last 3 years, Cheniere Energy had an average gross margin of 50.48%. Cheniere Energy's current gross margin is 36.4% and is 14.1 percentage points below its three-year average. Looking back over the last 3 years, Cheniere Energy's gross margin reached 84.4% at its highest point in Dec 2023 and 31.8% at its lowest in Mar 2026.
LNG Operating margin
Over the last 3 years, the average operating margin for Cheniere Energy was 40.98%. The latest operating margin for Cheniere Energy is 28.1%, 12.9 percentage points below its three-year average. Cheniere Energy's operating margin ranged from a low of 22.9% in Mar 2026 to a high of 75.9% in Dec 2023.
LNG EBITDA margin
Across the last 3 years, Cheniere Energy recorded an average EBITDA margin of 44.48%. Cheniere Energy currently reports an EBITDA margin of 30.2%, 14.3 percentage points below its three-year average. The highest EBITDA margin for Cheniere Energy was 75.3% in Dec 2023, while the lowest was 26.8% in Mar 2026.
LNG Net margin
Across the last 3 years, Cheniere Energy's net margin stood at 22.39%. The current net margin stands at 13.1%, 9.3 percentage points below its three-year average. Net margin was highest at 48.5% in Dec 2023 and lowest at 7.2% in Mar 2026.
LNG margin group comparison
Cheniere Energy's gross margin of 36.4% is lower than the Energy sector and the industry average. Looking at the Energy sector average of 42.7%, Cheniere Energy's gross margin is 15% lower.
LNG margin peer comparison
Frequently asked questions
What is Cheniere Energy's gross margin?
As of Sep 30, 2026, LNG has a gross margin of 36.4%.
What is Cheniere Energy's operating margin?
For the period ending Sep 30, 2026, LNG recorded an operating margin of 28.1%.
What is Cheniere Energy's EBITDA margin?
As of Sep 30, 2026, LNG has an EBITDA margin of 30.2%.
What is Cheniere Energy's net margin?
The current net margin for LNG is 13.1% as of Sep 30, 2026.
What are the average margins of LNG?
Cheniere Energy's gross, operating, EBITDA, and net margins averaged 50.5% gross, 41.0% operating, 44.5% EBITDA, and 22.4% net over the last 3 years.
What are the highest historical margins of LNG?
Over the last 5 years, Cheniere Energy's highest margins were 86.9% gross in Sep 2023, 80.2% operating in Sep 2023, 76.3% EBITDA in Sep 2023, and 50.5% net in Sep 2023.
What are the lowest historical margins of LNG?
Across the 5-year period, LNG posted its lowest margins at -4.8% gross in Mar 2022, -11.7% operating in Mar 2022, -8.3% EBITDA in Mar 2022, and -17.8% net in Mar 2022.