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切尼尔能源（LNG）与NATIONAL FUEL GAS CO（NFG）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是NATIONAL FUEL GAS CO的8.4倍（$5.4B vs $637.9M）。切尼尔能源净利率更高（42.8% vs 28.5%，领先14.4%）。NATIONAL FUEL GAS CO同比增速更快（24.1% vs 20.3%）。切尼尔能源自由现金流更多（$1.3B vs $-2.7M）。过去两年切尼尔能源的营收复合增速更高（14.3% vs 6.9%）
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
LNG vs NFG — 直观对比
营收规模更大
LNG
是对方的8.4倍
$637.9M
营收增速更快
NFG
高出3.9%
20.3%
净利率更高
LNG
高出14.4%
28.5%
自由现金流更多
LNG
多$1.3B
$-2.7M
两年增速更快
LNG
近两年复合增速
6.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $637.9M |
| 净利润 | $2.3B | $181.6M |
| 毛利率 | — | 86.6% |
| 营业利润率 | 70.8% | 43.3% |
| 净利率 | 42.8% | 28.5% |
| 营收同比 | 20.3% | 24.1% |
| 净利润同比 | 135.6% | 303.8% |
| 每股收益（稀释后） | $10.51 | $1.98 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LNGNFG
| Q4 25 | $5.4B | $637.9M | ||
| Q3 25 | $4.3B | $443.1M | ||
| Q2 25 | $4.5B | $527.4M | ||
| Q1 25 | $5.3B | $734.8M | ||
| Q4 24 | $4.5B | $513.8M | ||
| Q3 24 | $3.7B | $310.0M | ||
| Q2 24 | $3.1B | $338.6M | ||
| Q1 24 | $4.1B | $558.7M |
净利润LNGNFG
| Q4 25 | $2.3B | $181.6M | ||
| Q3 25 | $1.0B | $107.3M | ||
| Q2 25 | $1.6B | $149.8M | ||
| Q1 25 | $353.0M | $216.4M | ||
| Q4 24 | $977.0M | $45.0M | ||
| Q3 24 | $893.0M | $-167.6M | ||
| Q2 24 | $880.0M | $-54.2M | ||
| Q1 24 | $502.0M | $166.3M |
毛利率LNGNFG
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% | ||
| Q1 24 | — | 81.0% |
营业利润率LNGNFG
| Q4 25 | 70.8% | 43.3% | ||
| Q3 25 | 42.3% | 40.6% | ||
| Q2 25 | 56.1% | 43.7% | ||
| Q1 25 | 18.2% | 43.2% | ||
| Q4 24 | 38.9% | 16.8% | ||
| Q3 24 | 44.7% | -63.4% | ||
| Q2 24 | 50.5% | -15.2% | ||
| Q1 24 | 28.0% | 44.9% |
净利率LNGNFG
| Q4 25 | 42.8% | 28.5% | ||
| Q3 25 | 24.4% | 24.2% | ||
| Q2 25 | 36.1% | 28.4% | ||
| Q1 25 | 6.7% | 29.4% | ||
| Q4 24 | 21.9% | 8.8% | ||
| Q3 24 | 24.2% | -54.1% | ||
| Q2 24 | 28.0% | -16.0% | ||
| Q1 24 | 12.2% | 29.8% |
每股收益（稀释后）LNGNFG
| Q4 25 | $10.51 | $1.98 | ||
| Q3 25 | $4.75 | $1.18 | ||
| Q2 25 | $7.30 | $1.64 | ||
| Q1 25 | $1.57 | $2.37 | ||
| Q4 24 | $4.30 | $0.49 | ||
| Q3 24 | $3.93 | $-1.81 | ||
| Q2 24 | $3.84 | $-0.59 | ||
| Q1 24 | $2.13 | $1.80 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $271.4M |
| 总债务越低越好 | $22.5B | $2.7B |
| 股东权益账面价值 | $7.9B | $3.6B |
| 总资产 | $47.9B | $9.2B |
| 负债/权益比越低杠杆越低 | 2.84× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资LNGNFG
| Q4 25 | $1.1B | $271.4M | ||
| Q3 25 | $1.1B | $43.2M | ||
| Q2 25 | $1.6B | $39.3M | ||
| Q1 25 | $2.5B | $40.0M | ||
| Q4 24 | $2.6B | $48.7M | ||
| Q3 24 | $2.7B | $38.2M | ||
| Q2 24 | $2.4B | $81.4M | ||
| Q1 24 | $4.4B | $50.8M |
总债务LNGNFG
| Q4 25 | $22.5B | $2.7B | ||
| Q3 25 | $22.0B | $2.7B | ||
| Q2 25 | $22.0B | $2.7B | ||
| Q1 25 | $22.5B | $2.7B | ||
| Q4 24 | $22.6B | $2.7B | ||
| Q3 24 | $22.5B | $2.7B | ||
| Q2 24 | $22.6B | $2.7B | ||
| Q1 24 | $21.4B | $2.4B |
股东权益LNGNFG
| Q4 25 | $7.9B | $3.6B | ||
| Q3 25 | $6.7B | $3.1B | ||
| Q2 25 | $6.7B | $3.0B | ||
| Q1 25 | $5.6B | $2.8B | ||
| Q4 24 | $5.7B | $-76.2M | ||
| Q3 24 | $5.1B | $-15.5M | ||
| Q2 24 | $4.5B | $5.0M | ||
| Q1 24 | $4.3B | $75.3M |
总资产LNGNFG
| Q4 25 | $47.9B | $9.2B | ||
| Q3 25 | $45.1B | $8.7B | ||
| Q2 25 | $44.6B | $8.4B | ||
| Q1 25 | $43.5B | $8.5B | ||
| Q4 24 | $43.9B | $8.3B | ||
| Q3 24 | $43.1B | $8.3B | ||
| Q2 24 | $42.3B | $8.5B | ||
| Q1 24 | $42.9B | $8.7B |
负债/权益比LNGNFG
| Q4 25 | 2.84× | 0.75× | ||
| Q3 25 | 3.25× | 0.87× | ||
| Q2 25 | 3.28× | 0.90× | ||
| Q1 25 | 4.03× | 0.99× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 5.06× | 532.10× | ||
| Q1 24 | 5.04× | 31.68× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.1B | $274.9M |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $-2.7M |
| 自由现金流率自由现金流/营收 | 24.4% | -0.4% |
| 资本支出强度资本支出/营收 | 13.8% | 43.5% |
| 现金转化率经营现金流/净利润 | 0.89× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $204.8M |
8季度趋势，按日历期对齐
经营现金流LNGNFG
| Q4 25 | $2.1B | $274.9M | ||
| Q3 25 | $1.4B | $237.8M | ||
| Q2 25 | $831.0M | $388.4M | ||
| Q1 25 | $1.2B | $253.8M | ||
| Q4 24 | $1.6B | $220.1M | ||
| Q3 24 | $1.4B | $197.9M | ||
| Q2 24 | $1.1B | $281.8M | ||
| Q1 24 | $1.2B | $315.3M |
自由现金流LNGNFG
| Q4 25 | $1.3B | $-2.7M | ||
| Q3 25 | $738.0M | $-47.8M | ||
| Q2 25 | $-193.0M | $195.3M | ||
| Q1 25 | $605.0M | $59.9M | ||
| Q4 24 | $1.1B | $-20.3M | ||
| Q3 24 | $875.0M | $-49.1M | ||
| Q2 24 | $613.0M | $79.5M | ||
| Q1 24 | $596.0M | $80.3M |
自由现金流率LNGNFG
| Q4 25 | 24.4% | -0.4% | ||
| Q3 25 | 17.2% | -10.8% | ||
| Q2 25 | -4.3% | 37.0% | ||
| Q1 25 | 11.4% | 8.2% | ||
| Q4 24 | 24.0% | -4.0% | ||
| Q3 24 | 23.8% | -15.8% | ||
| Q2 24 | 19.5% | 23.5% | ||
| Q1 24 | 14.5% | 14.4% |
资本支出强度LNGNFG
| Q4 25 | 13.8% | 43.5% | ||
| Q3 25 | 16.0% | 64.4% | ||
| Q2 25 | 22.7% | 36.6% | ||
| Q1 25 | 11.8% | 26.4% | ||
| Q4 24 | 12.7% | 46.8% | ||
| Q3 24 | 14.0% | 79.7% | ||
| Q2 24 | 16.0% | 59.7% | ||
| Q1 24 | 15.8% | 42.1% |
现金转化率LNGNFG
| Q4 25 | 0.89× | 1.51× | ||
| Q3 25 | 1.36× | 2.21× | ||
| Q2 25 | 0.51× | 2.59× | ||
| Q1 25 | 3.48× | 1.17× | ||
| Q4 24 | 1.68× | 4.89× | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 2.48× | 1.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
