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Cheniere Energy

LNG Q2 2025 Earnings

Reported Aug 7, 2025 at 7:33 AM ET · SEC Source

Q2 25 EPS

$7.30

BEAT +201.69%

Est. $2.42

Q2 25 Revenue

$4.64B

BEAT +8.08%

Est. $4.29B

vs S&P Since Q2 25

+1.8%

BEATING MARKET

LNG +15.8% vs S&P +14.0%

Market Reaction

Did LNG Beat Earnings? Q2 2025 Results

Cheniere Energy delivered a blowout second quarter for 2025, reporting earnings per share of $7.30 against a consensus estimate of just $2.42, a beat of 201.69% that reflected both strong operational performance and approximately $873 million in favo… Read more Cheniere Energy delivered a blowout second quarter for 2025, reporting earnings per share of $7.30 against a consensus estimate of just $2.42, a beat of 201.69% that reflected both strong operational performance and approximately $873 million in favorable derivative fair value variances. Revenue climbed 43.0% year-over-year to $4.64 billion, topping the $4.29 billion consensus by 8.08%, as LNG revenues reached $4.51 billion compared to $3.04 billion in the same period last year. The quarter carried strategic weight beyond the headline numbers; Cheniere made a final investment decision on the CCL Midscale Trains 8 and 9 Project, adding roughly 5 mtpa of expected capacity, while Train 2 of the CCL Stage 3 Project achieved substantial completion ahead of schedule. Management responded by raising full-year 2025 Distributable Cash Flow guidance to $4.40 billion to $4.80 billion and tightening its Consolidated Adjusted EBITDA range to $6.60 billion to $7.00 billion, reinforcing a long-term outlook that projects over $25 billion of available cash through 2030.

Key Takeaways

  • • Higher total margins per MMBtu of LNG delivered vs. prior year periods
  • • Approximately $873 million favorable variance from derivative fair value changes in Q2 2025 vs. Q2 2024
  • • 43% year-over-year revenue growth driven by higher LNG revenues
  • • New capacity coming online from CCL Stage 3 Project
24/7 Wall St

LNG YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

LNG Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25

“The second quarter of 2025 marked another outstanding quarter for Cheniere, as our team demonstrated its ability to execute safely, reliably and strategically throughout our business, highlighted by the positive FID of the CCL Midscale Trains 8 & 9 Project and the successful completion of our large-scale planned maintenance turnaround at Sabine Pass.”

— Jack Fusco, Q2 2025 Earnings Press Release

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