What move does the options market price into Cheniere Energy's report?

Implied ±13.9%, either direction · provisional.

LNGNYSENatural Gas Distribution

Cheniere Energy, Inc. (LNG) earnings date, market-implied expected move, and options open interest by expiry

330.34

+11.40 · +3.57%

post 328.01 −0.71%

Closed18:43 ET

Open320.66Volume4.4MMkt cap$67.5BP/E23.03EPS14.24Div yield0.67%

Day320.36 – 331.0072%52-wk184.88 – 330.7398%

LNG

Cheniere Energy, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±13.9%implied · straddle

284.46376.18

spot 330.32exp Mar 19ATM strike 330ATM straddle 53.95IV 33%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 25

before open · in 118 days

est.Q4 FY26

Calendar

Next report

Last report

+7.11%

vs ±3.4% implied · ×2.11

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

Largest filed tie

13F top-10 QoQ

−1.80%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

1,349 managers

Top fund weight

1.52%

LNG weight · GLO

N-PORTJul 31 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Cheniere Energy (LNG) is expected to report on Feb 25 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Aug 6 '26confirmed—▲+4.32%—

Q3 FY26Oct 29 '26confirmed±3.4%▲+7.11%×2.11

quarterimplied−10%0+10%realized×

Q3 FY26±3.4%▲+7.11%×2.11

Q2 FY26—▲+4.32%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 7 expiries · Oct 28 close

0.68OI · 7 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4 nearer expiries

498+4%Nov 67d0.95523+7%0.95

344+4%Nov 1314d0.50684+2%0.50

4,523+1%Nov 2021d0.4410,250+7%0.44

2740%Nov 2728d1.19231+1%1.19

1,918+1%Dec 1849d0.296,644+1%0.29

12,2710%Jan 1577d0.5920,663+1%0.59

report · Feb 25 · before open · est.

ExpiryPutsCallsP/C

4 nearer expiries

Nov 67d498+4%523+7%0.95

Nov 1314d344+4%684+2%0.50

Nov 2021d4,523+1%10,250

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.9%

Funds 4

GLO±0.2%

VTV±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

24.07%as filednet margin · revenue +7.69% QoQ · +39.00% YoY

Revenue

$6.2B+7.69% QoQ

Gross profit

$3.0B−43.96% QoQ

48.05% margin

Operating income

$1.9B−55.36% QoQ

31.02% margin

Pre-tax income

$1.7B−58.73% QoQ

Net income

$1.5B−59.20% QoQ

24.07% margin

Cost of revenue

$3.2B+630.52% QoQ

Operating expenses

$1.1B+4.79% QoQ

SG&A $658M

Depreciation $393M

Other expense

$261M

Tax

$168M−54.10% QoQ

Revenue$6.2B+7.69%

Gross profit

$3.0B−43.96%

48.05% margin

Operating income

$1.9B−55.36%

31.02% margin

Pre-tax income

$1.7B−58.73%

Net income

$1.5B−59.20%

24.07% margin

Cost of revenue

$3.2B+630.52%

Operating expenses

$1.1B+4.79%

SG&A $658M

Depreciation $393M

Other expense

$261M

Tax$168M−54.10%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:30 ET

Intraday

Event sensitivity

PPI ×1.43· ±1.8% vs ±1.2% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%4 of 11×1.43

FOMCrate decision±1.4%14 of 25×1.13

NFPjobs report±1.4%5 of 10×1.10

CPROFcorporate profits±1.3%7 of 12×1.09

PCEpersonal income & outlays±1.2%9 of 19×0.97

GDPgross domestic product±1.0%11 of 19×0.84

CPIconsumer prices±1.0%8 of 11×0.78

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 5.65 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	5.65	—
Q2 FY26	Aug 6 '26 · confirmed	14.65	—
Q1 FY26	—	-16.65	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod