Cheniere Q3 EPS Rises to $5.65; Nine-Month Profit Sinks on $2.3B Derivative Loss
LNG sits 60% above its 52-week low of $186.2.
Summary
Cheniere's Q3 net income rose to $1.17 billion ($5.65 per diluted share) on 39% higher revenue, while nine-month profit fell to $736 million on $2.3 billion of non-cash derivative losses that the June NPNS designation should largely stop repeating. The dividend was raised to $0.625 per quarter.
Key Events · Earnings and Guidance · LNG
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Q3 Earnings Grow on Higher Volumes
Net income attributable to Cheniere was $1,170 million, or $5.65 per diluted share, versus $1,049 million and $4.75 a year ago; revenue rose to $6,173 million from $4,441 million.
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Nine-Month Profit Hit by Derivative Marks
Nine-month net income attributable to Cheniere fell to $736 million from $3,028 million, driven by $2.3 billion of non-cash derivative losses on long-term IPM agreements before the June 2026 NPNS designation — no cash outflow and no change in share count.
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NPNS Designation Cuts Earnings Volatility
The June 2026 designation covered about 73% of fixed minimum IPM volumes, moving $349 million net of deferred NPNS assets and liabilities onto the balance sheet to be amortized through cost of sales rather than marked to market.
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Cash Flow Funds Buybacks and Higher Dividend
Operating cash flow was $5,124 million for nine months versus $3,484 million; the company repurchased 7.69 million shares for $1,818 million and raised the quarterly dividend to $0.625 per share, payable November 17, 2026.
Analysis · LNG · Energy & Transportation
Third-quarter earnings improved, with net income attributable to Cheniere of $1,170 million versus $1,049 million a year ago and revenue up 39% to $6,173 million, helped by more Corpus Christi Stage 3 trains running and stronger global LNG pricing. The headline distortion sits in the nine-month figure: net income attributable to Cheniere fell to $736 million from $3,028 million because of $2.3 billion of non-cash derivative losses on long-term IPM gas supply agreements booked before the June 2026 NPNS designation. That designation removes roughly 73% of fixed minimum IPM volumes from recurring mark-to-market, so this earnings volatility should shrink going forward — a real change in how reported results will look, not a cash event. Cash generation was strong: $5,124 million from operations in nine months versus $3,484 million, funding $1.8 billion of buybacks and $347 million of dividends, with $8.4 billion of repurchase authorization left and the quarterly dividend raised to $0.625 from $0.555.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 38.8% of the 970 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LNG was trading at $298.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $61.5B. The 52-week trading range was $186.20 to $304.73. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.