The raised guidance and record operational output confirm strong execution. Traders should watch for continued progress on Corpus Christi Stage 3 (Trains 6-7) and any FID on Sabine Pass expansion. The stock may react positively to the cash flow visibility and capital return program.
Price Chart
Executive Summary
Cheniere Energy reported Q1 2026 revenue of $5.87B (+8% YoY) and Adjusted EBITDA of $2.33B (+25%), driven by record LNG cargoes and optimization gains. The company raised full-year 2026 guidance for Adjusted EBITDA to $7.25B-$7.75B and Distributable Cash Flow to $4.75B-$5.25B, while a non-cash GAAP net loss of $3.5B from derivative mark-to-market mask strong underlying cash generation.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $5.868B vs $5.444B YoY (+8%)
- Consolidated Adjusted EBITDA $2.333B vs $1.872B YoY (+25%)
- Record 187 LNG cargoes exported in the quarter
- FY2026 guidance raised: Adj. EBITDA $7.25B-$7.75B (prev. $6.75B-$7.25B); DCF $4.75B-$5.25B (prev. $4.35B-$4.85B)
- GAAP net loss of $3.5B due to $5.4B non-cash derivative loss; Adjusted Net Income $1.006B
- Repurchased 2.7M shares for $537M; declared $0.555/share dividend
- S&P and Moody's credit upgrades in Q1
Financial Impact
Guidance raise implies ~$700M increase in EBITDA midpoint; share repurchase program ongoing with $10B authorization
Risk Factors
- Non-cash derivative losses could persist with volatile LNG prices, though they are mark-to-market
- Execution risk on remaining construction at CCL Stage 3 and midscale trains
- Commodity price sensitivity: lower global gas prices could reduce margins
- Debt refinancing needs: $1.6B current debt due
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000003570-26-000016 |
| Document: lng-20260507.htm | 0000003570-26-000016 |
| Document: 0000003570-26-000016-index-headers.html | 0000003570-26-000016 |
| Document: 0000003570-26-000016-index.html | 0000003570-26-000016 |
| Document: 0000003570-26-000016.txt | 0000003570-26-000016 |
| 8-K Data (Synthetic) | 0000003570-26-000016 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | S-4 | $290.85 $269.95 | ▼ −7.19% | ▼ −6.00% | $269.95 (−7.19%) |
Jun 11, 2026 16w ago | Institutional Cluster | $240.14 $261.29 | ▲ +8.81% | ▲ +6.92% | $269.95 (+12.41%) |
Jun 9, 2026 16w ago | 8-K | $241.81 $261.29 | ▲ +8.06% | ▲ +4.43% | $269.95 (+11.64%) |
May 27, 2026 18w ago | 8-K | $230.88 $230.86 | ▼ −0.01% | ▲ +2.29% | $269.95 (+16.92%) |
May 7, 2026 21w ago | 8-K | $245.98 $235.37 | ▼ −4.31% | ▼ −7.45% | $269.95 (+9.75%) |
Apr 28, 2026 22w ago | 8-K | $264.98 $230.88 | ▼ −12.87% | ▼ −18.33% | $269.95 (+1.88%) |
Apr 6, 2026 25w ago | 8-K | $283.90 $272.69 | ▼ −3.95% | ▼ −12.93% | $269.95 (−4.91%) |
Mar 26, 2026 27w ago | Insider Cluster | $291.29 $270.13 | ▲ +7.26% | ▲ +17.93% | $269.95 (+7.32%) |
Mar 10, 2026 29w ago | Court Ruling | $245.65 $275.10 | ▼ −11.99% | ▼ −12.14% | $269.95 (−9.89%) |
Feb 28, 2026 30w ago | Institutional Cluster | $248.78 $292.98 | ▼ −17.77% | ▼ −25.71% | $269.95 (−8.51%) |
US Market Status
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