Cheniere Energy, Inc. (NYSE:LNG) delivered better-than-expected second-quarter results on Thursday, as elevated liquefied natural gas (LNG) prices and stronger profit margins boosted performance. The company’s shares rose 1.4% following the announcement.
The largest LNG exporter in the U.S. reported adjusted earnings of $7.30 per share, with quarterly revenue hitting $4.64 billion—comfortably beating the consensus estimate of $4.37 billion.
Cheniere’s LNG revenue rose significantly to $4.52 billion from $3.04 billion in the same period a year earlier. The surge was largely fueled by favorable pricing trends, including both stronger Henry Hub prices and improved global gas benchmarks.
Delivered LNG volumes came in at 558 trillion British thermal units (TBtu), a modest increase from 552 TBtu in the second quarter of 2024.
“Our strong financial performance this quarter reflects the favorable pricing environment and our operational excellence,” said Zach Davis, Executive Vice President and Chief Financial Officer of Cheniere Energy.
“The higher Henry Hub pricing, to which the majority of our long-term LNG sales contracts are indexed, contributed significantly to our revenue growth.”
Operating income more than doubled year-over-year, climbing to $2.53 billion from $1.59 billion, even as the company incurred $96 million in additional operations and maintenance costs. The rise in expenses was tied to scheduled major maintenance on two trains at the Sabine Pass LNG facility.
Cheniere also emphasized continued progress on its Corpus Christi Stage 3 expansion, noting that the second midscale Train reached substantial completion in August 2025. The first Train was finalized earlier in March.
The company kept its quarterly dividend unchanged at $0.50 per share, payable on August 18, 2025. During the quarter, it repurchased roughly 1.4 million shares for $306 million. As of the end of Q2, Cheniere still has about $3.2 billion remaining under its existing share repurchase program, which runs through December 31, 2027.
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