NYSE · LNG

Cheniere Energy, Inc.

Energy · Oil & Gas Midstream

$274.98▲ 2.47% ($6.64)at close

Pre-market$272.00▼ 1.08%8:08 AM ET

52-week

$186.20$300.89

Market cap

$57.62B

P/E

19.75

EPS (TTM)

$13.92

Next earnings

Oct 29, 2026

What the market price implies · Reverse DCF

To support a price of $274.98, this model requires revenue to grow by -1.32%/yr over the next 10 years, compounded annually.

Historical revenue grew by 2.71%/yr over the past 4 years. The required annual growth rate is 4.04 percentage points lower.

Selected forecast · Base scenario

1.44%/yr · actual 10-year annualized revenue growth

Year 1 growth: 2.25%

Market-implied · Base operating assumptions + edited margins

-1.32%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$274.98

Estimated value / share

$378.74

Base scenario

This estimate is 37.73% above the price used.

USD · TTM ending 2026-06-30

Year 1 growth 2.25% · Ending margin 30% · Discount rate 6.43%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 21, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 22, 2026, 12:23 PM UTC · provider

Why this method?

FCFF is positive, but the series is too unstable to anchor a direct cash-flow CAGR and the business still fails the steady-state comparability checks. Use a revenue-and-margin transition model instead of normalizing and compounding current FCFF.

Is FCFF positive and has it been for 3+ consecutive years? 6 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 183.9%.

Do you have 5+ years of positive FCFF history? 6 consecutive positive FCFF years are available.

Is the business model structurally similar to what it should be in 10 years? Revenue is still growing 26.3%, above the 15.0% maturity threshold, so a steady-state FCFF model would lean too heavily on a business still scaling.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 19.14%Revenue (TTM): 22.43%FCF (TTM): 198.47%P/FCF: 36th pct

What changed

The stock rose 19.14% over the last year. Revenue grew 22.43% over the trailing twelve months. Operating margin moved from 27.67% to 43.5%. Free cash flow grew 198.47% over the trailing twelve months.

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 36th percentile of their historical P/FCF range.

What would invalidate this read

Operating margin is at 43.5%. Revenue grew 22.43% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.

Performance

Return analysis

Company profile

Cheniere Energy, Inc. is an energy infrastructure firm predominantly focused on liquefied natural gas (LNG) related activities within the United States.

CEOJack A. Fusco

SectorEnergy

IndustryOil & Gas Midstream

Employees1,717

IPO dateApr 4, 1994

https://www.cheniere.com

Market multiples

Forward P/E—

EV/EBITDA6.24

Enterprise value$69.73B

Stock splits

Apr 25, 2005↑ Forward

Every 1 shares became 2

+100%

Oct 18, 2000↓ Reverse

Every 4 shares became 1

-75%

Jul 8, 1996↓ Reverse

Every 3 shares became 1

-67%

Jul 19, 1994↓ Reverse

Every 6 shares became 1

-83%

Profitability & growth

Revenue growth26.26%

Gross margin (FY2025)28.97%▼4.6ppvs FY2024

Operating margin (FY2025)27.02%▼3.7ppvs FY2024

ROE45.23%▼33.1ppvs FY2025

Analyst consensus

RatingBuy

Target price$302.88▲10.15%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $4.19 · Revenue est $5.37B

View

Dividends

$2.22/shareQuarterly4yr growth streakSafe

LNG pays a dividend with a 0.81% dividend yield, 4 consecutive years of growth, growing at 12% annually, covered 5.5× by free cash flow.

Dividend Yield

0.81%

Annual Div / Share

$2.22

3yr CAGR

+12%

Doubles every ~6.1yr

Payout Ratio

15.8%

Safe

Dividend Growth Rate

3yr CAGR

+12%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.22+11.0%

2025$2.00+14.9%

2024$1.74+10.1%

2023$1.58+19.7%

2022$1.32—

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$8/yr

$1/mo

In 5 yrs

$14/yr+76%

$1/mo

In 10 yrs

$25/yr+211%

$2/mo

Today	In 5 yrs	In 10 yrs
$8/yr $1/mo	$14/yr+76% $1/mo	$25/yr+211% $2/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 0.81% → 2.51% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 5.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.

NYSE · LNG

Cheniere Energy, Inc.

Energy · Oil & Gas Midstream

$274.98▲ 2.47% ($6.64)at close

Pre-market$272.00▼ 1.08%8:08 AM ET

52-week

$186.20$300.89

Market cap

$57.62B

P/E

19.75

EPS (TTM)

$13.92

Next earnings

Oct 29, 2026

What the market price implies · Reverse DCF

To support a price of $274.98, this model requires revenue to grow by -1.32%/yr over the next 10 years, compounded annually.

Historical revenue grew by 2.71%/yr over the past 4 years. The required annual growth rate is 4.04 percentage points lower.

Selected forecast · Base scenario

1.44%/yr · actual 10-year annualized revenue growth

Year 1 growth: 2.25%

Market-implied · Base operating assumptions + edited margins

-1.32%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$274.98

Estimated value / share

$378.74

Base scenario

This estimate is 37.73% above the price used.

USD · TTM ending 2026-06-30

Year 1 growth 2.25% · Ending margin 30% · Discount rate 6.43%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 21, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 22, 2026, 12:23 PM UTC · provider

Why this method?

Is FCFF positive and has it been for 3+ consecutive years? 6 consecutive positive FCFF years are available.

Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 183.9%.

Do you have 5+ years of positive FCFF history? 6 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Fundamentals are supporting the moveHigh confidence

1Y Price: 19.14%Revenue (TTM): 22.43%FCF (TTM): 198.47%P/FCF: 36th pct

What changed

What the market seems to be pricing

The stock move broadly lines up with stronger business momentum, and the shares are still only around the 36th percentile of their historical P/FCF range.

What would invalidate this read

Performance

Return analysis

Company profile

Cheniere Energy, Inc. is an energy infrastructure firm predominantly focused on liquefied natural gas (LNG) related activities within the United States.

CEOJack A. Fusco

SectorEnergy

IndustryOil & Gas Midstream

Employees1,717

IPO dateApr 4, 1994

https://www.cheniere.com

Market multiples

Forward P/E—

EV/EBITDA6.24

Enterprise value$69.73B

Stock splits

Apr 25, 2005↑ Forward

Every 1 shares became 2

+100%

Oct 18, 2000↓ Reverse

Every 4 shares became 1

-75%

Jul 8, 1996↓ Reverse

Every 3 shares became 1

-67%

Jul 19, 1994↓ Reverse

Every 6 shares became 1

-83%

Profitability & growth

Revenue growth26.26%

Gross margin (FY2025)28.97%▼4.6ppvs FY2024

Operating margin (FY2025)27.02%▼3.7ppvs FY2024

ROE45.23%▼33.1ppvs FY2025

Analyst consensus

RatingBuy

Target price$302.88▲10.15%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $4.19 · Revenue est $5.37B

View

Dividends

$2.22/shareQuarterly4yr growth streakSafe

LNG pays a dividend with a 0.81% dividend yield, 4 consecutive years of growth, growing at 12% annually, covered 5.5× by free cash flow.

Dividend Yield

0.81%

Annual Div / Share

$2.22

3yr CAGR

+12%

Doubles every ~6.1yr

Payout Ratio

15.8%

Safe

Dividend Growth Rate

3yr CAGR

+12%

Dividend Safety

10/10Safe

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.22+11.0%

2025$2.00+14.9%

2024$1.74+10.1%

2023$1.58+19.7%

2022$1.32—

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$8/yr

$1/mo

In 5 yrs

$14/yr+76%

$1/mo

In 10 yrs

$25/yr+211%

$2/mo

Today	In 5 yrs	In 10 yrs
$8/yr $1/mo	$14/yr+76% $1/mo	$25/yr+211% $2/mo

Long-range projections use a capped 12% annual growth assumption.

Yield-on-cost grows from 0.81% → 2.51% over 10yr

Analysis

Dividend Strengths

Well-covered by free cash flow

The dividend is covered 5.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.

Risks to Watch

No strong risk signal stands out from the latest period pair.