The Cheniere Energy shows a gross margin of 38.5%, an operating margin of 29.9%, an EBITDA margin of 32.3%, and a net margin of 13.6%. All reported margins declined year over year, led by EBITDA margin with a decline of 10.1 percentage points.
LNG margin history
Over the last 3 years, Cheniere Energy's margins averaged 51.75% gross, 42.15% operating, 45.77% EBITDA, and 23.24% net. All four current margins are below their three-year averages.
LNG margin expansion
The strongest decline was in EBITDA margin, which fell by 10.1 percentage points. The other available margins also declined.
LNG Gross margin
Over the last 3 years, Cheniere Energy had an average gross margin of 51.75%. Cheniere Energy's current gross margin is 38.5% and is 13.3 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 42.15%. The latest operating margin for Cheniere Energy is 29.9%, 12.3 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 45.77%. Cheniere Energy currently reports an EBITDA margin of 32.3%, 13.5 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 23.24%. The current net margin stands at 13.6%, 9.6 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 38.5% is higher than its peers average but lower than the Energy sector and the industry average. Looking at the Energy sector average of 42.5%, Cheniere Energy's gross margin is 9% lower.
LNG margin peer comparison
Frequently asked questions
What is Cheniere Energy's gross margin?
As of Jun 30, 2026, LNG has a gross margin of 38.5%.
What is Cheniere Energy's operating margin?
For the period ending Jun 30, 2026, LNG recorded an operating margin of 29.9%.
What is Cheniere Energy's EBITDA margin?
As of Jun 30, 2026, LNG has an EBITDA margin of 32.3%.
What is Cheniere Energy's net margin?
The current net margin for LNG is 13.6% as of Jun 30, 2026.
What are the average margins of LNG?
Cheniere Energy's gross, operating, EBITDA, and net margins averaged 51.8% gross, 42.2% operating, 45.8% EBITDA, and 23.2% 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.