Watch for FID on the SPL Expansion Project, which has secured a term loan commitment and a final EIS from FERC. The completion of CCL Stage 3 and ongoing debottlenecking provide visibility into 2027 production. Monitor LNG cargo volumes and international gas price margins for continued earnings momentum.
Price Chart
Executive Summary
Cheniere Energy reported Q3 2026 revenue of $6.17B (up 39% YoY) and GAAP net income of $1.17B (up 12% YoY), beating consensus EPS of $4.73 with GAAP diluted EPS of $5.65. The company raised full-year 2026 Consolidated Adjusted EBITDA guidance to $8.75B-$9.25B and Distributable Cash Flow guidance to $6.05B-$6.55B, and increased the quarterly dividend by over 12% to $0.625 per share. The strong operational performance was driven by record LNG volumes and higher margins, with the CCL Stage 3 Project completed ahead of schedule and within budget.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $6.17B, up 39% YoY from $4.44B
- GAAP net income $1.17B, up 12% YoY from $1.05B
- GAAP diluted EPS $5.65 vs consensus $4.73 (beat)
- Consolidated Adjusted EBITDA $1.90B, up 18% YoY
- Full-year 2026 Consolidated Adjusted EBITDA guidance raised to $8.75B-$9.25B from $7.90B-$8.40B
- Full-year 2026 Distributable Cash Flow guidance raised to $6.05B-$6.55B from $5.30B-$5.80B
- Quarterly dividend increased 12% to $0.625 per share
- Repurchased 2.8M shares for $731M in Q3 2026
- CCL Stage 3 Project completed ahead of schedule and within budget
- FERC issued final EIS for SPL Expansion Project in September 2026
- Entered long-term LNG SPA with QatarEnergy for up to 4 mtpa and with Petrobras for 0.8 mtpa
- S&P upgraded CCH issuer credit rating to A- with stable outlook
Financial Impact
Revenue up 39% YoY to $6.17B; EPS beat consensus by $0.92 (19.5%); full-year EBITDA guidance raised by $0.85B at midpoint
Risk Factors
- Non-cash mark-to-market losses on IPM derivatives can cause GAAP earnings volatility
- LNG price and margin sensitivity to global energy market conditions
- Regulatory approvals for SPL and CCL expansion projects remain pending
- Execution risk on CCL Midscale Trains 8-9 project (58.6% complete, expected 2H 2028)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000003570-26-000040 |
| Document: lng-20261029.htm | 0000003570-26-000040 |
| Document: 0000003570-26-000040-index-headers.html | 0000003570-26-000040 |
| Document: 0000003570-26-000040-index.html | 0000003570-26-000040 |
| Document: 0000003570-26-000040.txt | 0000003570-26-000040 |
| 8-K Data (Synthetic) | 0000003570-26-000040 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $318.94 | awaiting T+60 | awaiting T+60 | $330.32 (+3.57%) |
Oct 23, 2026 9d ago | Institutional Cluster | $298.67 | awaiting T+60 | awaiting T+60 | $330.32 (+10.60%) |
Oct 12, 2026 20d ago | Institutional Cluster | $282.49 | awaiting T+60 | awaiting T+60 | $330.32 (+16.93%) |
Sep 23, 2026 5w ago | EFFECT | $273.61 | awaiting T+60 | awaiting T+60 | $330.32 (+20.73%) |
Sep 2, 2026 8w ago | S-4 | $290.85 | awaiting T+60 | awaiting T+60 | $330.32 (+13.57%) |
Jun 11, 2026 20w ago | Institutional Cluster | $240.14 $292.00 | ▲ +21.60% | ▲ +17.20% | $330.32 (+37.55%) |
Jun 9, 2026 20w ago | 8-K | $241.81 $290.85 | ▲ +20.28% | ▲ +13.70% | $330.32 (+36.60%) |
May 27, 2026 22w ago | 8-K | $230.88 $278.53 | ▲ +20.64% | ▲ +19.02% | $330.32 (+43.07%) |
May 7, 2026 25w ago | 8-K | $245.98 $263.57 | ▲ +7.15% | ▲ +5.04% | $330.32 (+34.29%) |
Apr 28, 2026 26w ago | 8-K | $264.98 $271.99 | ▲ +2.65% | ▼ −1.07% | $330.32 (+24.66%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers