LNG Cheniere Energy, Inc. Common Stock
$273.50
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$186–$301
76% of range
Analyst Rating
BUY
28 analysts
Price Target
$307
+12% upside
P/E (TTM)
11.2
ROE
78.3%
Net Profit Margin
26.7%
About Cheniere Energy, Inc. Common Stock Company overview from Wikipedia
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
Read more
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
In February 2016 it became the first American company to export liquefied natural gas. Cheniere Energy is the largest exporter of LNG in the United States and the second-largest LNG producer globally as of 2024.
As of 2024 it is a Fortune 500 company.
Company history
Initially an oil-and-gas exploration company, the company shifted its focus in the early 2000s to developing liquified natural gas regas terminals, beginning with a terminal in Sabine Pass, Louisiana in March 2005. The company faltered in the late 2000s as LNG imports dried up due to international competition. In 2016 Cheniere founder Charif Souki was ousted after a dispute with investor Carl Icahn.
In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets.
Cheniere published its second annual corporate responsibility report in June 2021. Cheniere says it is taking innovative steps towards quantifying, monitoring, reporting and verifying data in partnership with producers and institutions in an effort to find opportunities to lower emissions.
In 2018 Cheniere Energy signed an agreement with CPC Corporation, Taiwan to supply liquefied natural gas for 25 years in a contract worth approximately US$25b. Deliveries to Taiwan are set to begin in 2021.
Cheniere and ENN Group reached a deal in 2021 which ENN would buy LNG from Cheniere. However, this deal was interrupted by the China–United States trade war before the parties came to a deal 20 year deal in 2023.
The company spends $800 million USD annually in pipeline transit fees to supply its expanding export facilities and is interested in constructing its own pipelines to access other pipelines and gas production fields.
In 2024, the CEO of Cheniere Energy, Jack Fusco, was in a meeting with Donald Trump where Trump promised to dismantle various environmental policies and climate mitigation efforts.
Liquefaction facilities
Through its subsidiaries, Cheniere Energy owns and operates two natural gas liquefaction and export facilities located in the United States: Sabine Pass LNG Terminal in Cameron Parish, Louisiana at Sabine Pass and Corpus Christi LNG Terminal near Corpus Christi, Texas.
On December 30, 2024, Cheniere Energy announced the successful production of the first liquefied natural gas from a new facility at its Corpus Christi LNG Terminal. This was an important step in the Corpus Christi Stage 3 expansion project, which commenced construction in mid-2022, led by its primary contractor, Bechtel Energy. The Corpus Christi Stage 3 expansion project is designed to increase the terminal's liquefied natural gas production capacity by an additional 10 million metric tonnes per annum. As of November 30, 2024, the overall project completion rate stood at 75.9%.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LNG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$273.50
Market Cap
$57.46B
P/E (TTM)
11.2
EPS (TTM)
$24.13
Revenue (TTM)
$19.98B
Div Yield
0.78%
ROE
78.3%
Debt/Equity
2.9
52W Range
$186 – $301
LNG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$19.98B
2016-12-31
→
2025-12-31
EPS
$24.13
2016-12-31
→
2025-12-31
Free Cash Flow
$2.46B
2016-12-31
→
2025-12-31
Margins
26.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LNG
Peer Median
P/E (TTM)
11.2
23.9
P/S (TTM)
2.9
4.6
P/B
7.3
4.8
EV / EBITDA
7.6
—
Price / FCF
23.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LNG
Peer Median
Operating Margin
45.6%
—
Net Profit Margin
26.7%
22.4%
ROA
11.6%
6.1%
ROE
78.3%
22.7%
ROIC
24.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LNG
Peer Median
Debt / Equity
2.9
—
Current Ratio
0.9
0.9
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LNG
Peer Median
Revenue YoY
27.2%
—
Revenue CAGR 3Y
-15.8%
—
Revenue CAGR 5Y
16.4%
—
EPS YoY
69.9%
—
Net Income YoY
63.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LNG
Peer Median
Payout Ratio
8.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.78%
Payout Ratio
8.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 10, 2026 | $0.5550 |
| May 11, 2026 | $0.5550 |
| Feb. 6, 2026 | $0.5550 |
| Nov. 7, 2025 | $0.5550 |
| Aug. 8, 2025 | $0.5000 |
| May 9, 2025 | $0.5000 |
| Feb. 7, 2025 | $0.5000 |
| Nov. 8, 2024 | $0.5000 |
| Aug. 9, 2024 | $0.4350 |
| May 9, 2024 | $0.4350 |
| Feb. 5, 2024 | $0.4350 |
| Nov. 8, 2023 | $0.4350 |
| Aug. 8, 2023 | $0.3950 |
| May 9, 2023 | $0.3950 |
| Feb. 6, 2023 | $0.3950 |
| Nov. 7, 2022 | $0.3950 |
| Aug. 8, 2022 | $0.3300 |
| May 9, 2022 | $0.3300 |
| Feb. 4, 2022 | $0.3300 |
| Nov. 2, 2021 | $0.3300 |
LNG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
28 analysts
- Strong Buy 11 39.3%
- Buy 15 53.6%
- Hold 2 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
22 analysts · 2026-08-16
Median
$305.50
Now
$273.50
Low
$255.00
High
$340.00
Median target
$305.50
+11.7%
Mean target
$306.73
+12.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.45%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $14.65 | $3.07 | 11.6% |
| March 31, 2026 | $-16.75 | $4.23 | -21.0% |
| Dec. 31, 2025 | $10.68 | $3.94 | 6.7% |
| Sept. 30, 2025 | $4.75 | $2.97 | 1.8% |
| June 30, 2025 | $7.30 | $2.55 | 4.7% |
| March 31, 2025 | $1.57 | $2.73 | -1.2% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LNG | $41.29B | 8.1 | 27.2% | 26.7% | 78.3% | — |
| ET | — | — | 3.5% | 5.2% | 9.4% | — |
| KMI | $61.16B | 20.1 | 12.2% | 18.0% | 9.9% | — |
| OKE | $46.28B | 13.6 | 55.0% | 10.1% | 17.2% | — |
| MPLX | — | — | 8.9% | 38.1% | — | — |
| TRGP | $39.61B | 21.7 | 4.0% | 11.3% | 68.0% | — |
| CQP | — | -109.1 | 23.6% | 27.8% | — | — |
| WES | — | — | 6.6% | 30.7% | — | — |
| PAA | — | — | -9.5% | 3.2% | — | — |
| DTM | $12.17B | 27.8 | 26.7% | 35.5% | 9.4% | — |
| AM | $8.43B | 20.7 | 7.4% | 34.8% | 20.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.98B | $15.70B | $20.39B | $33.43B | $15.86B | $9.36B | $9.73B | $7.99B | $5.60B | $1.28B | $271M | $268M | |
| Cost of Revenue | · | · | · | · | · | · | · | $4.60B | $3.12B | $582M | $-15M | $-342.0K | |
| R&D Expense | · | · | · | $16M | $7M | $6M | $9M | $7M | $10M | $7M | $42M | $54M | |
| SG&A Expense | $383M | $441M | $474M | $416M | $325M | $302M | $310M | $289M | $256M | $260M | $363M | $324M | |
| Operating Expenses | $10.86B | $9.57B | $4.91B | $28.87B | $16.57B | $6.73B | $7.37B | $5.96B | $4.21B | $1.31B | $720M | $540M | |
| Operating Income | $9.11B | $6.13B | $15.49B | $4.56B | $-701M | $2.63B | $2.36B | $2.02B | $1.39B | $-30M | $-449M | $-272M | |
| Interest Expense | · | · | $1.14B | $1.41B | $1.44B | $1.52B | $1.43B | $875M | $747M | $488M | $322M | $181M | |
| Interest Income | $102M | $188M | $206M | $48M | · | · | · | · | · | · | · | · | |
| Other Non-op | $20M | $5M | $4M | $-50M | $-26M | $-112M | $-25M | $48M | $18M | $0 | $2M | $-583.0K | |
| Pretax Income | $8.28B | $5.30B | $14.58B | $3.09B | $-2.28B | $544M | $715M | $1.23B | $566M | $-663M | $-1.10B | $-688M | |
| Income Tax | $1.49B | $811M | $2.52B | $459M | $-713M | $43M | $-517M | $27M | $3M | $2M | $0 | $4M | |
| Net Income | $5.33B | $3.25B | $9.88B | $1.43B | $-2.34B | $-85M | $648M | $471M | $-393M | $-610M | $-975M | $-548M | |
| EPS (Basic) | $24.19 | $14.24 | $40.99 | $5.69 | $-9.25 | $-0.34 | $2.53 | $1.92 | $-1.68 | $-2.67 | · | · | |
| EPS (Diluted) | $24.13 | $14.20 | $40.72 | $5.64 | $-9.25 | $-0.34 | $2.51 | $1.90 | $-1.68 | $-2.67 | · | · | |
| Shares (Basic) | 219,700,000 | 228,400,000 | 241,000,000 | 251,100,000 | 253,400,000 | 252,400,000 | 256,200,000 | 245,600,000 | 233,100,000 | 228,800,000 | 226,900,000 | 224,338,000 | |
| Shares (Diluted) | 220,300,000 | 229,100,000 | 242,600,000 | 253,400,000 | 253,400,000 | 252,400,000 | 258,100,000 | 248,000,000 | 233,100,000 | 228,800,000 | 226,900,000 | 224,338,000 | |
| EBITDA | $10.44B | $7.35B | $16.68B | $5.68B | $310M | $3.56B | $3.15B | $2.47B | · | $145M | · | $-274M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.10B | $2.64B | $4.07B | $1.35B | $1.40B | $1.63B | $2.47B | $981M | $722M | $876M | $1.20B | $1.75B | |
| Receivables | $1.24B | $661M | · | $1.94B | $1.51B | $647M | $491M | $585M | $369M | $218M | $6M | $4M | |
| Inventory | $524M | $501M | $445M | $826M | $706M | $292M | $312M | $316M | $243M | $160M | $18M | $8M | |
| Prepaid Expense | $72M | · | · | · | · | · | · | · | · | · | $54M | $17M | |
| Other Current Assets | $47M | $100M | $96M | $97M | $207M | $96M | $92M | $114M | $96M | $100M | $51M | · | |
| Current Assets | $3.69B | $4.80B | $6.33B | $5.61B | $5.06B | $3.17B | $4.21B | $4.23B | $3.37B | $2.24B | $1.78B | $2.26B | |
| PP&E (Net) | $35.76B | $33.55B | $32.46B | $31.53B | $30.29B | $30.42B | $29.67B | $27.25B | $23.98B | $20.64B | $16.19B | $9.25B | |
| Goodwill | $77M | $77M | $77M | $77M | $77M | $77M | $77M | $77M | $77M | $77M | $77M | $77M | |
| Other Non-current Assets | $1.07B | $899M | $759M | $606M | $462M | $406M | $388M | $369M | $288M | $302M | $314M | $186M | |
| Total Assets | $47.88B | $43.86B | $43.08B | $41.27B | $39.26B | $35.70B | $35.49B | $31.99B | $27.91B | $23.70B | $18.81B | $12.57B | |
| Accounts Payable | $123M | $171M | $181M | $124M | $155M | $35M | $66M | $58M | $25M | $49M | $23M | $13M | |
| Accrued Liabilities | $2.08B | $2.18B | $1.78B | $2.68B | $2.30B | $1.18B | $1.28B | $1.17B | $1.08B | $637M | $427M | $169M | |
| Short-term Debt | · | · | · | $0 | $250M | $140M | $0 | · | · | · | · | · | |
| Current Liabilities | $3.92B | $4.44B | $3.89B | $6.79B | $4.69B | $2.20B | $1.87B | $1.74B | $1.25B | $1.08B | $2.19B | $232M | |
| Capital Leases | $2.16B | $2.09B | $1.97B | $1.97B | $1.54B | $597M | $189M | $0 | $0 | · | · | · | |
| Deferred Tax | $3.70B | $1.86B | $1.54B | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $1.31B | $992M | $877M | $175M | $50M | $7M | $11M | $58M | $60M | $49M | $53M | $20M | |
| Total Liabilities | $34.80B | $33.80B | $34.06B | · | · | · | · | · | · | · | · | · | |
| Long-term Debt | $22.51B | $22.55B | $23.40B | $24.05B | $29.45B | $30.47B | $30.77B | $28.18B | $25.34B | $21.69B | $14.92B | $9.81B | |
| Total Debt | $22.81B | $22.91B | $23.70B | $24.87B | $29.82B | $30.84B | $30.77B | $28.18B | · | $21.69B | · | $9.81B | |
| Common Stock | · | · | · | · | · | $1M | · | · | · | · | · | $712.0K | |
| Paid-in Capital | $4.52B | $4.45B | $4.38B | $4.31B | $4.38B | $4.27B | $4.17B | $4.04B | $3.25B | $3.21B | $3.08B | $2.78B | |
| Retained Earnings | $12.24B | $7.38B | $4.55B | $-4.94B | $-6.02B | $-3.59B | $-3.51B | $-4.16B | $-4.63B | $-4.23B | $-3.62B | $-2.65B | |
| Treasury Stock | $8.85B | $6.14B | $3.86B | $2.34B | $928M | $872M | $674M | $406M | $386M | $374M | $354M | $293M | |
| Stockholders' Equity | $7.92B | $5.70B | $5.06B | $-2.97B | $-2.57B | $-191M | $-14M | $-526M | $-1.76B | $-1.40B | $-902M | $-164M | |
| Liabilities + Equity | $47.88B | $43.86B | $43.08B | $41.27B | $39.26B | $35.70B | $35.49B | $31.99B | $27.91B | $23.70B | $18.81B | $12.57B | |
| Shares Outstanding | 212,400,000 | 224,000,000 | 237,000,000 | 245,500,000 | 253,600,000 | 252,300,000 | 253,600,000 | 257,000,000 | 237,600,000 | 238,000,000 | 235,600,000 | 236,700,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.33B | $1.22B | $1.20B | $1.12B | $1.01B | $932M | $794M | $449M | $356M | $174M | $83M | $64M | |
| Stock-based Comp | $161M | $215M | $250M | $205M | $140M | $110M | $131M | $113M | $91M | $101M | $172M | $102M | |
| Deferred Tax | $1.86B | $330M | $2.39B | $440M | $-715M | $40M | $-521M | $-5M | $-3M | $2M | $-2M | $0 | |
| Restructuring | · | · | · | · | · | · | $0 | $0 | $6M | $61M | $61M | $0 | |
| Other Non-cash | $-3.14B | $377M | $-5.30B | $7.33B | $4.38B | $268M | $781M | $962M | · | $-70M | · | · | |
| Operating Cash Flow | $5.54B | $5.39B | $8.42B | $10.52B | $2.47B | $1.26B | $1.83B | $1.99B | $1.23B | $-404M | $-483M | $-263M | |
| CapEx | $3.08B | $2.24B | $2.12B | $1.83B | $966M | $1.84B | $3.06B | $3.64B | $3.36B | $4.36B | $6.85B | $2.83B | |
| Investing Cash Flow | $-3.01B | $-2.28B | $-2.20B | $-1.84B | $-912M | $-1.95B | $-3.16B | $-3.65B | $-3.38B | $-4.41B | $-6.98B | $-2.90B | |
| Debt Issued | · | · | · | · | · | $7.55B | · | · | · | · | $7.07B | $3.58B | |
| Net Debt Issued | · | · | · | · | · | $-161M | · | · | · | · | · | $3.41B | |
| Stock Issued | · | · | · | · | · | · | · | · | · | $0 | $0 | $229M | |
| Stock Repurchased | $2.72B | $2.26B | $1.47B | $1.37B | $9M | $155M | $249M | $0 | $0 | · | · | · | |
| Net Stock Activity | $-2.72B | $-2.26B | $-1.47B | $-1.37B | $-9M | $-155M | $-249M | · | · | $0 | · | $0 | |
| Dividends Paid | $451M | $412M | $393M | $349M | $85M | $0 | $0 | · | · | · | · | · | |
| Financing Cash Flow | $-4.13B | $-4.45B | $-4.18B | $-8.01B | $-1.82B | $-235M | $1.17B | $2.21B | $2.94B | $4.91B | $6.42B | $3.35B | |
| Net Change in Cash | $-1.61B | $-1.33B | $2.04B | $670M | $-260M | $-917M | · | · | · | · | $-546M | $787M | |
| Taxes Paid | $32M | $-92M | $117M | $30M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $2.46B | $3.16B | $6.30B | $8.69B | $1.50B | $-574M | $-1.22B | $-1.65B | · | $-4.76B | · | $-2.95B | |
| Levered FCF | · | · | $5.35B | $7.50B | $515M | $-1.98B | $-3.69B | $-2.51B | · | $-5.25B | · | $-3.14B |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 45.6% | 39.0% | 75.9% | 13.6% | -4.4% | 28.1% | 24.3% | 25.3% | · | -2.3% | · | -102.1% | |
| Net Margin | 26.7% | 20.7% | 48.4% | 4.3% | -14.8% | -0.91% | 6.7% | 5.9% | · | -47.5% | · | -204.5% | |
| Pretax Margin | 41.5% | 33.8% | 71.5% | 9.3% | -14.4% | 5.8% | 7.3% | 15.4% | · | -51.7% | · | -256.7% | |
| EBITDA Margin | 52.3% | 46.8% | 81.8% | 17.0% | 1.9% | 38.1% | 32.4% | 31.0% | · | 11.3% | · | -102.1% | |
| ROA | 11.6% | 7.5% | 23.4% | 3.5% | -6.2% | -0.24% | 1.9% | 1.6% | · | -2.9% | · | -4.5% | |
| ROE | 78.3% | 60.5% | 945.1% | -51.5% | 169.7% | 82.9% | -240.0% | -41.1% | · | 53.1% | · | -7067.8% | |
| ROIC | 24.3% | 18.1% | 44.5% | 17.7% | -1.8% | 7.9% | 13.2% | 7.2% | · | -0.15% | · | -2.9% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.1 | 1.6 | 0.8 | 1.1 | 1.4 | 2.2 | 2.4 | · | 2.1 | · | 9.7 | |
| Quick Ratio | 0.6 | 0.6 | 1.0 | 0.5 | 0.6 | 1.0 | 1.6 | 0.9 | · | 1.0 | · | 7.5 | |
| Debt / Equity | 2.9 | 4.0 | 4.7 | -8.4 | -11.6 | -161.5 | -2198.1 | -53.6 | · | -15.5 | · | -59.7 | |
| LT Debt / Equity | 2.8 | 4.0 | 4.6 | -8.1 | -11.5 | -159.5 | -2198.1 | -53.6 | · | -15.5 | · | -59.7 | |
| Interest Coverage | · | · | 13.6 | 3.2 | -0.5 | 1.7 | 1.6 | 2.3 | · | -0.1 | · | -1.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.5 | 0.8 | 0.4 | 0.3 | 0.3 | 0.3 | · | 0.1 | · | 0.0 | |
| Inventory Turnover | · | · | · | · | · | · | · | 16.4 | · | 6.5 | · | · | |
| Receivables Turnover | 21.0 | · | · | 19.4 | 14.7 | 16.4 | 18.1 | 16.8 | · | 11.5 | · | 60.2 |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 27.2% | -23.0% | -39.0% | 110.7% | 69.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -15.8% | -0.34% | 29.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 69.9% | -65.1% | 622.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 62.3% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 63.9% | -67.1% | 592.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 55.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19.98B | $15.70B | $20.39B | $33.43B | $15.86B | $9.36B | $9.73B | $7.99B | $5.60B | $1.28B | $271M | $268M | |
| Net Income TTM | $5.33B | $3.25B | $9.88B | $1.43B | $-2.34B | $-85M | $648M | $471M | $-393M | $-610M | $-975M | $-548M | |
| Market Cap | $41.29B | $48.13B | $40.46B | $36.82B | $25.72B | $15.15B | $15.49B | $15.21B | · | $9.86B | · | $16.67B | |
| Enterprise Value | $63.00B | $68.40B | $60.09B | $60.33B | $54.13B | $44.36B | $43.79B | $42.41B | · | $30.67B | · | $24.73B | |
| P/E | 8.1 | 15.1 | 4.2 | 26.6 | -11.0 | -176.6 | 24.3 | 31.2 | -32.0 | -15.5 | 0.0 | 0.0 | |
| P/S | 2.1 | 3.1 | 2.0 | 1.1 | 1.6 | 1.6 | 1.6 | 1.9 | · | 7.7 | · | 62.2 | |
| P/B | 5.2 | 8.4 | 8.0 | -12.4 | -10.0 | -79.3 | -1106.2 | -28.9 | · | -7.1 | · | -101.5 | |
| P / Tangible Book | 5.3 | 8.6 | 8.1 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 7.5 | 8.9 | 4.8 | 3.5 | 10.4 | 12.0 | 8.4 | 7.6 | · | -24.4 | · | -134.3 | |
| P / FCF | 16.8 | 15.3 | 6.4 | 4.2 | 17.1 | -26.4 | -12.7 | -9.2 | · | -2.1 | · | -5.6 | |
| EV / EBITDA | 6.0 | 9.3 | 3.6 | 10.6 | 174.6 | 12.5 | 13.9 | 17.1 | · | 212.0 | · | -90.4 | |
| EV / FCF | 25.6 | 21.7 | 9.5 | 6.9 | 36.0 | -77.3 | -35.8 | -25.7 | · | -6.4 | · | -8.4 | |
| EV / Revenue | 3.2 | 4.4 | 2.9 | 1.8 | 3.4 | 4.7 | 4.5 | 5.3 | · | 23.9 | · | 92.3 | |
| Dividend Yield | 1.1% | 0.86% | 0.97% | 0.95% | 0.33% | 0.00% | 0.00% | · | · | · | · | · | |
| Earnings Yield | 12.4% | 6.6% | 23.8% | 3.8% | -9.1% | -0.57% | 4.1% | 3.2% | -3.1% | -6.4% | 2354287248.3% | 1245698863.6% | |
| Payout Ratio | 8.5% | 12.7% | 4.0% | 24.4% | -3.6% | · | · | · | · | · | · | · | |
| Annual Payout | $451M | $412M | $393M | $349M | $85M | $0 | $0 | · | · | · | · | · |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.73B | $5.87B | $5.45B | $4.44B | $4.64B | $5.44B | $4.44B | $3.76B | $3.25B | $4.25B | $4.82B | $4.16B | $4.10B | $7.31B | $9.09B | $8.85B | |
| R&D Expense | · | · | · | · | · | · | · | · | · | · | · | · | · | $10M | · | $4M | |
| SG&A Expense | $88M | $136M | $87M | $81M | $99M | $116M | $142M | $99M | $99M | $101M | $178M | $102M | $87M | $107M | $151M | $92M | |
| Operating Expenses | $1.44B | $9.36B | $1.65B | $2.62B | $2.11B | $4.48B | $2.70B | $2.12B | $1.66B | $3.10B | $2.39B | $1.40B | $1.79B | $-681M | $2.37B | $11.87B | |
| Operating Income | $4.29B | $-3.49B | $3.80B | $1.82B | $2.53B | $961M | $1.74B | $1.65B | $1.59B | $1.15B | $2.44B | $2.75B | $2.31B | $7.99B | $6.71B | $-3.02B | |
| Interest Expense | · | · | · | · | · | · | · | · | $257M | $266M | · | $283M | $291M | $297M | · | $354M | |
| Interest Income | $20M | $14M | $14M | $23M | $29M | $36M | $39M | $41M | $47M | $61M | · | · | · | · | · | · | |
| Other Non-op | $-14M | $-3M | $-1M | $2M | $-1M | $20M | $6M | $-3M | $3M | $-1M | $-2M | $4M | $0 | $2M | $-2M | $-49M | |
| Pretax Income | $4.01B | $-3.75B | $3.57B | $1.60B | $2.32B | $789M | $1.54B | $1.44B | $1.37B | $948M | $2.23B | $2.53B | $2.07B | $7.75B | $6.37B | $-3.40B | |
| Income Tax | $366M | $-341M | $638M | $303M | $426M | $121M | $261M | $231M | $210M | $109M | $400M | $440M | $363M | $1.32B | $1.22B | $-752M | |
| Net Income | $3.07B | $-3.50B | $2.30B | $1.05B | $1.63B | $353M | $977M | $893M | $880M | $502M | $1.38B | $1.70B | $1.37B | $5.43B | $3.94B | $-2.38B | |
| EPS (Basic) | $14.68 | $-16.65 | $10.54 | $4.76 | $7.32 | $1.57 | $4.30 | $3.95 | $3.85 | $2.14 | $5.98 | $7.08 | $5.65 | $22.28 | $15.72 | $-9.54 | |
| EPS (Diluted) | $14.65 | $-16.65 | $10.51 | $4.75 | $7.30 | $1.57 | $4.30 | $3.93 | $3.84 | $2.13 | $5.98 | $7.03 | $5.61 | $22.10 | $15.69 | $-9.54 | |
| Shares (Basic) | 209,000,000 | 210,500,000 | -444,900,000 | 219,300,000 | 221,800,000 | 223,500,000 | -460,500,000 | 226,300,000 | 228,400,000 | 234,200,000 | -485,400,000 | 240,200,000 | 242,300,000 | 243,900,000 | -506,400,000 | 249,900,000 | |
| Shares (Diluted) | 209,500,000 | 210,500,000 | -446,000,000 | 219,900,000 | 222,300,000 | 224,100,000 | -461,800,000 | 227,000,000 | 228,900,000 | 235,000,000 | -489,000,000 | 242,000,000 | 243,800,000 | 245,800,000 | -506,400,000 | 249,900,000 | |
| EBITDA | $4.67B | $-3.12B | · | $2.15B | $2.86B | $1.27B | · | $1.95B | $1.89B | $1.46B | · | $3.05B | $2.60B | $8.29B | · | $-2.74B |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.10B | $1.30B | $1.10B | $1.07B | $1.65B | $2.51B | $2.64B | $2.66B | $2.44B | $4.41B | · | $3.86B | $4.53B | $2.95B | · | $2.50B | |
| Receivables | $1.23B | $1.08B | $1.24B | $799M | · | · | $661M | · | · | · | · | · | · | $929M | · | $1.83B | |
| Inventory | $723M | $678M | $524M | $458M | $482M | $525M | $501M | $394M | $387M | $363M | · | $400M | $404M | $465M | · | $1.13B | |
| Prepaid Expense | $117M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | $136M | $190M | $119M | $129M | $147M | $93M | $100M | $109M | $133M | $77M | · | $107M | $129M | $70M | · | $115M | |
| Current Assets | $4.11B | $4.16B | $3.69B | $3.50B | $3.70B | $4.73B | $4.80B | $4.46B | $4.34B | $6.11B | · | $5.77B | $6.54B | $5.05B | · | $7.21B | |
| PP&E (Net) | $37.15B | $36.74B | $35.76B | $35.34B | $34.83B | $34.18B | $33.55B | $33.22B | $33.08B | $32.70B | · | $32.05B | $31.82B | $31.75B | · | $30.90B | |
| Goodwill | · | · | $77M | · | · | · | $77M | · | · | · | · | $77M | $77M | $77M | · | $77M | |
| Other Non-current Assets | $1.26B | $1.04B | $1.06B | $1.05B | $1.01B | $877M | $899M | $855M | $841M | $779M | · | $611M | $560M | $605M | · | $514M | |
| Total Assets | $47.97B | $46.84B | $47.88B | $45.10B | $44.58B | $43.55B | $43.86B | $43.08B | $42.28B | $42.91B | · | $41.72B | $41.80B | $40.27B | · | $43.64B | |
| Accounts Payable | $293M | $241M | $123M | $279M | $161M | $182M | $171M | $137M | $124M | $102M | · | $126M | $100M | $93M | · | $405M | |
| Accrued Liabilities | $1.68B | $2.05B | $2.08B | $1.49B | $1.49B | $2.21B | $2.18B | $1.65B | $1.71B | $1.10B | · | $1.43B | $1.04B | $1.33B | · | $3.11B | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $1.50B | |
| Current Liabilities | $4.72B | $7.27B | $3.92B | $3.74B | $3.77B | $3.98B | $4.44B | $4.16B | $4.24B | $6.21B | · | $3.76B | $4.91B | $3.53B | · | $9.38B | |
| Capital Leases | $1.95B | $2.09B | $2.16B | $2.09B | $2.22B | $2.15B | $2.09B | $2.23B | $2.20B | $2.25B | · | $1.91B | $1.86B | $1.92B | · | $2.08B | |
| Deferred Tax | $3.63B | $3.32B | $3.70B | $3.08B | $2.31B | $1.89B | $1.86B | $1.63B | $1.58B | $1.53B | · | $1.18B | $731M | $388M | · | · | |
| Other Non-current Liabilities | $1.51B | $1.54B | $1.31B | $1.31B | $1.34B | $1.15B | $992M | $448M | $419M | $402M | · | $222M | $201M | $170M | · | $161M | |
| Total Liabilities | $36.48B | $38.17B | $34.80B | $33.64B | $33.27B | $33.45B | $33.80B | $33.72B | $33.68B | $34.61B | · | · | · | · | · | · | |
| Long-term Debt | $22.63B | $22.14B | $22.51B | $21.96B | $22.01B | $22.51B | $22.55B | $22.55B | $22.59B | $21.40B | · | $23.39B | $23.38B | $23.93B | · | $25.32B | |
| Total Debt | $24.04B | $23.75B | · | $22.56B | $22.62B | $22.61B | · | $23.25B | $23.39B | $25.03B | · | $23.74B | $25.18B | $23.99B | · | $27.04B | |
| Paid-in Capital | $4.57B | $4.53B | $4.52B | $4.51B | $4.48B | $4.45B | $4.45B | $4.44B | $4.41B | $4.37B | · | $4.39B | $4.36B | $4.33B | · | $4.31B | |
| Retained Earnings | $11.57B | $8.62B | $12.24B | $10.07B | $9.02B | $7.62B | $7.38B | $6.52B | $5.62B | $4.95B | · | $3.27B | $1.67B | $394M | · | $-8.88B | |
| Treasury Stock | $9.95B | $9.39B | $8.85B | $7.83B | $6.80B | $6.49B | $6.14B | $5.85B | $5.57B | $5.07B | · | $3.52B | $3.16B | $2.82B | · | $1.61B | |
| Stockholders' Equity | $6.19B | $3.75B | $7.92B | $6.75B | $6.71B | $5.58B | $5.70B | $5.10B | $4.46B | $4.25B | · | $4.14B | $2.87B | $1.90B | · | $-6.18B | |
| Liabilities + Equity | $47.97B | $46.84B | $47.88B | $45.10B | $44.58B | $43.55B | $43.86B | $43.08B | $42.28B | $42.91B | · | $41.72B | $41.80B | $40.27B | · | $43.64B | |
| Shares Outstanding | 207,900,000 | 210,100,000 | 212,400,000 | 217,200,000 | 221,500,000 | 222,800,000 | 224,000,000 | 225,400,000 | 227,000,000 | 230,100,000 | 237,000,000 | 238,800,000 | 240,900,000 | 243,200,000 | 245,500,000 | 249,900,000 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $380M | $373M | $350M | $338M | $329M | $312M | $308M | $306M | $304M | $302M | $304M | $298M | $297M | $297M | $292M | $280M | |
| Stock-based Comp | $37M | $78M | $21M | $35M | $49M | $56M | $75M | $48M | $52M | $40M | $122M | $43M | $36M | $49M | $90M | $36M | |
| Deferred Tax | $312M | $-385M | $632M | $773M | $416M | $38M | $237M | $52M | $47M | $-6M | $374M | $434M | $349M | $1.23B | $1.30B | $-824M | |
| Other Non-cash | · | $4.52B | · | · | · | $469M | · | · | · | $408M | · | · | · | $-3.59B | · | · | |
| Operating Cash Flow | $1.58B | $1.08B | $2.06B | $1.43B | $831M | $1.23B | $1.64B | $1.39B | $1.12B | $1.25B | $1.72B | $1.70B | $1.58B | $3.42B | $2.95B | $2.40B | |
| CapEx | $1.18B | $736M | $744M | $687M | $1.02B | $623M | $569M | $516M | $503M | $650M | $691M | $386M | $332M | $712M | $491M | $316M | |
| Investing Cash Flow | $-1.19B | $-742M | $-749M | $-688M | $-1.03B | $-549M | $-573M | $-521M | $-519M | $-666M | $-724M | $-410M | $-341M | $-727M | $-496M | $-315M | |
| Stock Repurchased | $576M | $537M | $1.04B | $997M | $327M | $363M | $281M | $282M | $510M | $1.19B | $341M | $358M | $324M | $450M | $733M | $75M | |
| Net Stock Activity | · | $-537M | · | · | · | $-363M | · | · | · | $-1.19B | · | · | · | $-450M | · | $-75M | |
| Dividends Paid | $116M | $117M | $119M | $109M | $111M | $112M | $112M | $98M | $97M | $105M | $102M | $96M | $96M | $99M | $98M | $81M | |
| Financing Cash Flow | $-644M | $-149M | $-1.12B | $-1.36B | $-656M | $-997M | $-958M | $-747M | $-2.48B | $-264M | $-754M | $-2.17B | $487M | $-1.74B | $-3.31B | $-1.72B | |
| Net Change in Cash | $-249M | $184M | $186M | $-619M | $-851M | $-322M | $114M | $122M | $-1.88B | $313M | $242M | $-886M | $1.73B | $956M | $-851M | $372M | |
| Taxes Paid | $28M | $2M | $-383M | $4M | $407M | $4M | $-20M | $-93M | $20M | $1M | $32M | $31M | $56M | $-2M | · | · | |
| Free Cash Flow | · | $344M | · | · | · | $605M | · | · | · | $596M | · | · | · | $2.71B | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $361M | · | · | · | $2.46B | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 74.8% | -59.4% | · | 40.9% | 54.5% | 17.6% | · | 43.8% | 48.9% | 27.1% | · | 66.2% | 56.3% | 109.3% | · | -34.1% | |
| Net Margin | 53.5% | -59.7% | · | 23.6% | 35.0% | 6.5% | · | 23.7% | 27.1% | 11.8% | · | 40.9% | 33.4% | 74.3% | · | -26.9% | |
| Pretax Margin | 69.9% | -64.0% | · | 36.0% | 50.0% | 14.5% | · | 38.2% | 42.2% | 22.3% | · | 60.9% | 50.5% | 106.0% | · | -38.4% | |
| EBITDA Margin | 81.5% | -53.1% | · | 48.5% | 61.6% | 23.4% | · | 51.9% | 58.2% | 34.2% | · | 73.4% | 63.5% | 113.4% | · | -30.9% | |
| ROA | 6.6% | -7.8% | · | 2.4% | 3.7% | 0.82% | · | 2.1% | 2.1% | 1.2% | · | 4.0% | 3.3% | 13.5% | · | -5.7% | |
| ROE | 47.6% | -75.0% | · | 17.7% | 29.1% | 7.2% | · | 19.3% | 24.0% | 16.3% | · | -167.2% | -394.5% | -601.1% | · | 64.1% | |
| ROIC | 12.9% | -11.5% | · | 5.0% | 7.0% | 2.9% | · | 4.9% | 4.8% | 3.5% | · | 8.2% | 6.8% | 25.6% | · | -11.3% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.6 | · | 0.9 | 1.0 | 1.2 | · | 1.1 | 1.0 | 1.0 | · | 1.5 | 1.3 | 1.4 | · | 0.8 | |
| Quick Ratio | 0.5 | 0.3 | · | 0.5 | 0.4 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | 1.0 | 0.9 | 1.1 | · | 0.5 | |
| Debt / Equity | 3.9 | 6.3 | · | 3.3 | 3.4 | 4.1 | · | 4.6 | 5.2 | 5.9 | · | 5.7 | 8.8 | 12.6 | · | -4.4 | |
| LT Debt / Equity | 3.7 | 5.9 | · | 3.3 | 3.3 | 4.0 | · | 4.4 | 5.1 | 5.0 | · | 5.6 | 8.2 | 12.6 | · | -4.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | 6.2 | 4.3 | · | 9.7 | 7.9 | 26.9 | · | -8.5 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.2 | |
| Receivables Turnover | 3.7 | 5.8 | · | 3.4 | · | · | · | · | · | · | · | · | · | 6.1 | · | 6.3 |
Valuation (TTM) 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $20.68B | $20.39B | · | $18.29B | $17.10B | $16.71B | · | $15.43B | $15.77B | $19.82B | · | $24.42B | $28.27B | $31.65B | · | $27.54B | |
| Net Income TTM | $2.24B | $-474M | · | $3.92B | $3.75B | $2.63B | · | $3.98B | $4.45B | $9.01B | · | $6.12B | $5.16B | $2.92B | · | $-3.59B | |
| Market Cap | $49.69B | $59.62B | · | $51.04B | $53.94B | $51.56B | · | $40.54B | $39.69B | $37.11B | · | $39.63B | $36.70B | $38.33B | · | $41.46B | |
| Enterprise Value | $72.63B | $82.06B | · | $72.52B | $74.91B | $71.66B | · | $61.12B | $60.63B | $57.73B | · | $59.51B | $57.35B | $59.37B | · | $66.00B | |
| P/E | 23.8 | -93.7 | · | 13.4 | 14.6 | 20.2 | · | 10.6 | 9.4 | 4.4 | · | 6.6 | 7.2 | 13.1 | · | -11.6 | |
| P/S | 2.4 | 2.9 | · | 2.8 | 3.2 | 3.1 | · | 2.6 | 2.5 | 1.9 | · | 1.6 | 1.3 | 1.2 | · | 1.5 | |
| P/B | 8.0 | 15.9 | · | 7.6 | 8.0 | 9.2 | · | 7.9 | 8.9 | 8.7 | · | 9.6 | 12.8 | 20.2 | · | -6.7 | |
| P / Tangible Book | 8.0 | 15.9 | · | 7.6 | 8.0 | 9.2 | · | 7.9 | 8.9 | 8.7 | · | 9.7 | 13.2 | 21.0 | · | · | |
| P / Cash Flow | · | 55.2 | · | · | · | 42.0 | · | · | · | 29.8 | · | · | · | 11.2 | · | · | |
| P / FCF | · | 173.3 | · | · | · | 85.2 | · | · | · | 62.3 | · | · | · | 14.1 | · | · | |
| EV / EBITDA | 15.6 | -26.3 | · | 33.7 | 26.2 | 56.3 | · | 31.3 | 32.0 | 39.7 | · | 19.5 | 22.0 | 7.2 | · | -24.1 | |
| EV / FCF | · | 238.6 | · | · | · | 118.4 | · | · | · | 96.9 | · | · | · | 21.9 | · | · | |
| EV / Revenue | 3.5 | 4.0 | · | 4.0 | 4.4 | 4.3 | · | 4.0 | 3.8 | 2.9 | · | 2.4 | 2.0 | 1.9 | · | 2.4 | |
| Earnings Yield | 4.2% | -1.1% | · | 7.5% | 6.8% | 5.0% | · | 9.4% | 10.6% | 22.9% | · | 15.2% | 13.8% | 7.6% | · | -8.6% | |
| Payout Ratio | · | -3.3% | · | · | · | 31.7% | · | · | · | 20.9% | · | · | · | 1.8% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $19.98B | $15.70B | $20.39B | $33.43B | $15.86B |
| Operating Margin % | 45.6% | 39.0% | 75.9% | 13.6% | -4.4% |
| Net Income | $5.33B | $3.25B | $9.88B | $1.43B | $-2.34B |
| Diluted EPS | $24.13 | $14.20 | $40.72 | $5.64 | $-9.25 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 2.9 | 4.0 | 4.7 | -8.4 | -11.6 |
| Current Ratio | 0.9 | 1.1 | 1.6 | 0.8 | 1.1 |
| Quick Ratio | 0.6 | 0.6 | 1.0 | 0.5 | 0.6 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $2.46B | $3.16B | $6.30B | $8.69B | $1.50B |
Latest News Recent headlines mentioning this company
- Glencore's energy trading profits soar on Iran war
- European gas jumps 30% as Iran war strains winter supply
- 360 Energy Pulse: What mattered this week in energy
- Abu Dhabi approves $6.2 billion gas project to boost UAE supply
- European gas prices hit four-month high amid fears US-Iran war will cause supply shortages
- 360 Energy Pulse: What mattered this week in energy
- Energy Transfer Could Spend Up to $5.9 Billion on Growth Capex This Year. Here's Why That Matters for Investors.
- European Natural Gas Prices Jump on Hormuz Escalation
- South Africa LNG Opportunity Asserts Exxon Mobil Corporation (XOM) as a Top Dividend Aristocrat Stock to Buy
- Chevron Corporation (CVX) A Top Dividend Aristocrat Stock to Buy amid Growth on New Energies and Strategic Partnerships
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 1,462 filers · $33.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 167 (-148 vs prior Q) | 168 (+57 vs prior Q) | 538 (+57 vs prior Q) | 434 (-26 vs prior Q) | +28.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $3,743,331,102 | 19,256,809 | 11.19% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,295,385,595 | 9,603,722 | 6.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,264,886,485 | 9,476,116 | 6.77% | Shares |
| STATE STREET CORP | $1,419,355,149 | 5,938,476 | 4.24% | Shares |
| FMR LLC | $1,010,856,536 | 4,229,348 | 3.02% | Shares |
| NORGES BANK | $855,924,447 | 3,581,124 | 2.56% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $751,760,053 | 3,156,174 | 2.25% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $743,965,471 | 3,112,696 | 2.22% | Shares |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $702,258,704 | 2,938,198 | 2.10% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $629,496,571 | 2,633,763 | 1.88% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $541,056,975 | 2,263,742 | 1.62% | Shares |
| MILLENNIUM MANAGEMENT LLC | $494,554,712 | 2,069,180 | 1.48% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $477,948,058 | 1,999,699 | 1.43% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $476,471,384 | 1,993,521 | 1.42% | Shares |
| NEUBERGER BERMAN GROUP LLC | $456,314,864 | 1,908,933 | 1.36% | Shares |
| D. E. Shaw & Co., Inc. | $430,442,430 | 1,800,939 | 1.29% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $394,194,668 | 1,649,269 | 1.18% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $389,495,715 | 1,629,621 | 1.16% | Shares |
| AMERICAN CENTURY COMPANIES INC | $327,467,764 | 1,370,100 | 0.98% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $317,542,472 | 1,328,574 | 0.95% | Shares |
| FIL Ltd | $316,175,335 | 1,322,854 | 0.95% | Shares |
| TD Asset Management Inc | $291,949,281 | 1,221,494 | 0.87% | Shares |
| Blackstone Inc. | $291,555,870 | 1,219,848 | 0.87% | Shares |
| Robeco Institutional Asset Management B.V. | $270,613,812 | 1,132,228 | 0.81% | Shares |
| Qube Research & Technologies Ltd | $256,856,160 | 1,074,667 | 0.77% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $228,570,282 | 956,321 | 0.68% | Shares |
| Brookfield Corp /ON/ | $226,691,619 | 948,461 | 0.68% | Shares |
| JENNISON ASSOCIATES LLC | $226,593,060 | 948,048 | 0.68% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $211,802,584 | 886,166 | 0.63% | Shares |
| Point72 Asset Management, L.P. | $202,238,072 | 846,149 | 0.60% | Shares |
| ONTARIO TEACHERS PENSION PLAN BOARD | $189,932,165 | 794,662 | 0.57% | Shares |
| CI INVESTMENTS INC. | $189,837,756 | 794,267 | 0.57% | Shares |
| BlackRock, Inc. | $179,154,726 | 749,570 | 0.54% | Shares |
| Nuveen, LLC | $176,837,046 | 739,873 | 0.53% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $171,935,668 | 719,366 | 0.51% | Shares |
| Ensign Peak Advisors, Inc | $167,213,786 | 699,610 | 0.50% | Shares |
| UBS Group AG | $167,009,911 | 698,757 | 0.50% | Shares |
| Alyeska Investment Group, L.P. | $151,286,399 | 632,971 | 0.45% | Shares |
| CITADEL ADVISORS LLC | $148,998,834 | 623,400 | 0.45% | Call option |
| National Pension Service | $147,304,970 | 616,313 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $145,485,387 | 608,700 | 0.43% | Put option |
| M&G PLC | $143,079,501 | 598,659 | 0.43% | Shares |
| Railway Pension Investments Ltd | $140,122,003 | 586,260 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $138,175,744 | 578,117 | 0.41% | Shares |
| Swiss National Bank | $138,123,879 | 577,900 | 0.41% | Shares |
| TWO SIGMA ADVISERS, LP | $130,909,613 | 673,438 | 0.39% | Shares |
| Balyasny Asset Management L.P. | $129,053,450 | 539,950 | 0.39% | Shares |
| JANE STREET GROUP, LLC | $125,312,943 | 524,300 | 0.37% | Call option |
| FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC | $123,485,702 | 516,654 | 0.37% | Shares |
| CITADEL ADVISORS LLC | $122,261,741 | 511,534 | 0.37% | Shares |
| Ninety One UK Ltd | $120,136,462 | 502,642 | 0.36% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $115,828,000 | 484,614 | 0.35% | Shares |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $113,469,519 | 474,748 | 0.34% | Shares |
| Zimmer Partners, LP | $112,095,690 | 469,000 | 0.34% | Shares |
| 1832 Asset Management L.P. | $111,568,434 | 466,794 | 0.33% | Shares |
| TimesSquare Capital Management, LLC | $109,218,089 | 384,896 | 0.33% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $107,580,510 | 379,125 | 0.32% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $107,326,006 | 449,044 | 0.32% | Shares |
| Nuveen Asset Management, LLC | $104,143,406 | 484,681 | 0.31% | Shares |
| ANTIPODES PARTNERS Ltd | $104,009,026 | 435,166 | 0.31% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $103,559,016 | 433,283 | 0.31% | Shares |
| KENSICO CAPITAL MANAGEMENT CORP | $101,555,349 | 424,900 | 0.30% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $96,091,651 | 402,040 | 0.29% | Shares |
| California Public Employees Retirement System | $94,540,645 | 395,551 | 0.28% | Shares |
| ROYAL BANK OF CANADA | $92,725,000 | 387,953 | 0.28% | Shares |
| MENORA MIVTACHIM HOLDINGS LTD. | $92,523,161 | 387,110 | 0.28% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $91,527,684 | 382,945 | 0.27% | Shares |
| Merewether Investment Management, LP | $90,202,135 | 377,399 | 0.27% | Shares |
| Energy Income Partners, LLC | $89,629,467 | 375,003 | 0.27% | Shares |
| Rare Infrastructure Ltd | $84,638,298 | 347,562 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $83,103,777 | 347,700 | 0.25% | Put option |
| UniSuper Management Pty Ltd | $81,135,052 | 339,463 | 0.24% | Shares |
| LPL Financial LLC | $81,127,873 | 339,433 | 0.24% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $80,975,632 | 338,796 | 0.24% | Shares |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | $80,737,578 | 337,800 | 0.24% | Shares |
| RAYMOND JAMES FINANCIAL INC | $76,508,848 | 320,107 | 0.23% | Shares |
| Holocene Advisors, LP | $74,055,336 | 309,842 | 0.22% | Shares |
| Recurrent Investment Advisors LLC | $72,026,381 | 301,353 | 0.22% | Shares |
| ALLIANCEBERNSTEIN L.P. | $70,404,829 | 248,114 | 0.21% | Shares |
| TD Waterhouse Canada Inc. | $68,048,173 | 280,101 | 0.20% | Shares |
| Walleye Trading LLC | $67,711,533 | 283,300 | 0.20% | Call option |
| RHUMBLINE ADVISERS | $67,052,997 | 280,545 | 0.20% | Shares |
| PEAK6 LLC | $65,393,136 | 273,600 | 0.20% | Call option |
| GOLDMAN SACHS GROUP INC | $62,068,985 | 259,692 | 0.19% | Shares |
| W1M Asset Management Ltd | $61,721,037 | 258,166 | 0.18% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $61,336,897 | 256,629 | 0.18% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $61,272,843 | 256,361 | 0.18% | Shares |
| Assenagon Asset Management S.A. | $61,201,379 | 256,062 | 0.18% | Shares |
| Korea Investment CORP | $60,876,086 | 254,701 | 0.18% | Shares |
| Freestone Grove Partners LP | $60,438,459 | 252,870 | 0.18% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $59,564,629 | 209,912 | 0.18% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $58,072,738 | 242,972 | 0.17% | Shares |
| Maple-Brown Abbott Ltd | $57,991,642 | 250,592 | 0.17% | Shares |
| AVIVA PLC | $56,373,855 | 235,864 | 0.17% | Shares |
| Legal & General Group Plc | $55,367,862 | 231,655 | 0.17% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $54,607,920 | 228,475 | 0.16% | Shares |
| Cubist Systematic Strategies, LLC | $53,002,515 | 225,562 | 0.16% | Shares |
| MILFORD FUNDS LTD | $52,972,025 | 221,631 | 0.16% | Shares |
| EAGLE GLOBAL ADVISORS LLC | $51,597,479 | 215,880 | 0.15% | Shares |
| Sourcerock Group LLC | $51,328,115 | 214,753 | 0.15% | Shares |
Company insiders 60 insiders · 18 officers · 27 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jack A Fusco | President and CEO | Feb. 11, 2025 A | 724,062 | 0 | 0 | $0 |
| Zach Davis | EVP & CFO | Feb. 11, 2025 A | 108,661 | 0 | 0 | $0 |
| Michael J Wortley | EVP and CFO | Feb. 17, 2020 F | 551,798 | 0 | 0 | $0 |
| Howard Davis Thames | Sr. VP & CFO | Jan. 2, 2014 S | 1,361,179 | 0 | 0 | $0 |
| Corey Grindal | EVP & Chief Operating Officer | Feb. 11, 2024 M | 155,284 | 0 | 0 | $0 |
| Anatol Feygin | EVP & Chief Commercial Officer | Feb. 26, 2025 S | 189,003 | 0 | 0 | $0 |
| Maas Hinz | SVP, Operations | Feb. 11, 2025 A | 18,375 | 0 | 0 | $0 |
| David L Slack | SVP & Chief Accounting Officer | Feb. 11, 2025 A | 9,274 | 0 | 0 | $0 |
| Sean N Markowitz | EVP, CLO and Corp Sec | Feb. 11, 2025 A | 79,209 | 0 | 0 | $0 |
| Leonard Travis | SVP & Chief Accounting Officer | Feb. 13, 2022 F | 78,745 | 0 | 0 | $0 |
| Doug Shanda | SVP, Operations | Feb. 17, 2019 F | 148,445 | 0 | 0 | $0 |
| Ed Lehotsky | SVP, Engineer and Construction | Oct. 1, 2018 M | 71,669 | 0 | 0 | $0 |
| Katie Pipkin | SVP - Bus. Dev. & Comm | Aug. 9, 2016 F | 226,970 | 0 | 0 | $0 |
| Meg Gentle | Executive VP - Marketing | Aug. 9, 2016 F | 999,469 | 0 | 0 | $0 |
| Keith R Teague | Executive VP - Asset Group | Aug. 9, 2016 F | 571,208 | 0 | 0 | $0 |
| Greg W. Rayford | Sr. VP and General Counsel | May 16, 2016 S | 456,586 | 0 | 0 | $0 |
| Jean Abiteboul | Sr. VP - International | Feb. 1, 2016 M | 611,080 | 0 | 0 | $0 |
| Jerry D. Smith | VP & Chief Accounting Officer | Dec. 6, 2013 F | 215,815 | 0 | 0 | $0 |
| Lorraine Mitchelmore | Director | Aug. 15, 2026 F | 7,972 | 0 | 0 | $0 |
| Britt J. Vitalone | Director | July 14, 2026 A | 2,614 | 0 | 0 | $0 |
| Benjamin W Moreland | Director | May 14, 2026 A | 11,267 | 2 | 0 | $1,041,081 |
| VINCENT PATRICIA K | Director | May 14, 2026 A | 11,873 | 0 | 0 | $0 |
| Brian E Edwards | Director | May 15, 2025 A | 4,104 | 0 | 0 | $0 |
| Denise Gray | Director | May 15, 2025 A | 5,225 | 0 | 0 | $0 |
| Donald F Robillard JR | Director | May 15, 2025 A | 50,057 | 0 | 0 | $0 |
| Vicky A Bailey | Director | Jan. 3, 2023 S | 33,862 | 0 | 0 | $0 |
| Andrew Teno | Director | May 12, 2022 A | 4,574 | 0 | 0 | $0 |
| David B Kilpatrick | Director | May 12, 2022 A | 15,757 | 0 | 0 | $0 |
| Andrew Langham | Director | May 13, 2021 A | 23,819 | 0 | 0 | $0 |
| Nuno Brandolini | Director | May 13, 2021 A | 211,528 | 0 | 0 | $0 |
| Michele A Evans | Director | May 14, 2020 A | 11,165 | 0 | 0 | $0 |
| Courtney Mather | Director | May 14, 2020 A | 14,796 | 0 | 0 | $0 |
| David Foley | Director | May 16, 2019 A | 0 | 0 | 0 | $0 |
| John J Lipinski | Director | Aug. 14, 2017 A | 2,140 | 0 | 0 | $0 |
| Heather Zichal | Director | May 26, 2017 S | 2,013 | 0 | 0 | $0 |
| Jonathan Christodoro | Director | May 18, 2017 A | 6,427 | 0 | 0 | $0 |
| Samuel J. Merksamer | Director | May 18, 2017 A | 21,098 | 0 | 0 | $0 |
| Charif Souki | Director | Feb. 10, 2016 M | 2,983,026 | 0 | 0 | $0 |
| Randy A Foutch | Director | Sept. 11, 2014 A | 13,403 | 0 | 0 | $0 |
| Paul J Hoenmans | Director | Sept. 11, 2014 A | 103,914 | 0 | 0 | $0 |
| CARNEY KEITH F | Director | Sept. 11, 2014 A | 287,451 | 0 | 0 | $0 |
| John M Deutch | Director | Sept. 11, 2014 A | 55,577 | 0 | 0 | $0 |
| WILLIAMS WALTER L | Director | Sept. 11, 2014 | — | 0 | 0 | $0 |
| Charles M Reimer | Director | April 7, 2003 J | — | 0 | 0 | $0 |
| CHENIERE ENERGY INC | 10% owner | Sept. 20, 2018 J | 0 | 0 | 0 | $0 |
| ICAHN CARL C | 10% owner | Dec. 18, 2015 P | 2,500 | 0 | 0 | $0 |
| Neal A Shear | — | May 14, 2026 A | 26,940 | 0 | 1 | $-1,019,711 |
| Andrea G Botta | — | March 27, 2026 S | 30,186 | 0 | 1 | $-1,482,350 |
| Aaron D. Stephenson | — | Dec. 1, 2022 F | 55,617 | 0 | 0 | $0 |
| Jason Griffin New | — | June 15, 2010 J | 54,983 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 9 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P., Icahn Enterprises G.P. Inc., Beckton Corp., Carl C. Icahn ×3 filings | March 8, 2022 | — | Initial filing | — | SEC |
| High River Limited Partnership, Hopper Investments LLC, Barberry Corp., Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P., Icahn Enterprises G.P. Inc., Beckton Corp., Carl C. Icahn ×11 filings | Nov. 15, 2019 | — | Initial filing | — | SEC |
| Cheniere Energy, Inc. ×14 filings | Sept. 20, 2018 | — | Initial filing | — | SEC |
| Aug. 24, 2015 | — | Initial filing | — | SEC | |
| Paulson & Co. Inc., Paulson Partners L.P., Paulson Partners Enhanced, L.P., Paulson International Ltd., Paulson Advantage Select Ltd., Paulson Advantage Master Ltd., Paulson Advantage Plus Master Ltd., Paulson Enhanced Ltd., John Paulson ×3 filings | Dec. 6, 2010 | — | Initial filing | — | SEC |
| SRM Global Master Fund Limited Partnership, SRM Global Fund General Partner Limited, SRM Fund Management (Cayman) Limited, Jonathan Wood ×6 filings | July 8, 2009 | — | Initial filing | — | SEC |
| Charif Souki | Aug. 31, 2004 | — | Initial filing | Passive investment | SEC |
| Michael Marcus ×2 filings | April 30, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person | March 15, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 166 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| USAI · Pacer Funds Trust | 6.85% | 27,183 NS | April 30, 2026 | N-PORT |
| MLPX · Global X Funds | 6.35% | 1,000,393 NS | May 31, 2026 | N-PORT |
| NBET · Neuberger Berman ETF Trust | 5.99% | 9,767 NS | April 30, 2026 | N-PORT |
| TPYP · Tortoise Capital Series Trust | 5.98% | 222,932 NS | May 31, 2026 | N-PORT |
| PXI · Invesco Exchange-Traded Fund Trust | 5.95% | 11,781 SH | Aug. 8, 2026 | Daily |
| TNGY · Tortoise Capital Series Trust | 4.88% | 115,334 NS | May 31, 2026 | N-PORT |
| TPZ · Tortoise Capital Series Trust | 4.75% | 27,148 NS | May 31, 2026 | N-PORT |
| FXN · First Trust Exchange-Traded AlphaDE… | 4.61% | 202,947 NS | April 30, 2026 | N-PORT |
| ENFR · ALPS ETF Trust | 4.38% | 89,542 NS | May 31, 2026 | N-PORT |
| LNGX · Global X Funds | 3.72% | 9,457 NS | May 31, 2026 | N-PORT |
| AMZA · ETFis Series Trust I | 3.10% | 52,325 NS | April 30, 2026 | N-PORT |
| GRZZ · Tidal Trust II | 2.60% | 3,515 NS | April 30, 2026 | N-PORT |
| IYE · iShares Trust | 2.49% | 160,284 SH | Aug. 8, 2026 | Daily |
| FENY · FIDELITY COVINGTON TRUST | 2.36% | 173,736 NS | April 30, 2026 | N-PORT |
| GXPE · Global X Funds | 2.31% | 203 NS | May 31, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 2.23% | 1,025,698 SH | Aug. 8, 2026 | Daily |
| TOLZ · ProShares Trust | 2.22% | 17,195 NS | May 31, 2026 | N-PORT |
| IGF · iShares Trust | 1.95% | 783,554 SH | Aug. 8, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 1.87% | 129,183 SH | Aug. 8, 2026 | Daily |
| HGRO · ETF Opportunities Trust | 1.79% | 6,332 NS | April 30, 2026 | N-PORT |
| LENS · EA Series Trust | 1.68% | 3,960 NS | May 29, 2026 | N-PORT |
| PWRD · TCW ETF Trust | 1.63% | 87,238 NS | April 30, 2026 | N-PORT |
| IGE · iShares Trust | 1.47% | 41,610 SH | Aug. 8, 2026 | Daily |
| GDIV · Harbor ETF Trust | 1.43% | 11,766 NS | April 30, 2026 | N-PORT |
| FPWR · First Trust Exchange-Traded Fund IV | 1.42% | 1,387 NS | April 30, 2026 | N-PORT |
| EMLP · First Trust Exchange-Traded Fund IV | 1.41% | 209,007 NS | April 30, 2026 | N-PORT |
| MMID · MFS Active Exchange Traded Funds Tr… | 1.41% | 2,128 NS | May 31, 2026 | N-PORT |
| PJFV · PGIM ETF Trust | 1.40% | 5,367 NS | May 29, 2026 | N-PORT |
| ICAP · Series Portfolios Trust | 1.28% | 6,185 NS | May 31, 2026 | N-PORT |
| EIPI · First Trust Exchange-Traded Fund VI… | 1.07% | 50,283 NS | May 31, 2026 | N-PORT |
| QLV · FlexShares Trust | 1.03% | 6,370 NS | April 30, 2026 | N-PORT |
| TEXN · iShares Trust | 0.96% | 606 SH | Aug. 8, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.93% | 3,429 NS | April 30, 2026 | N-PORT |
| DUHP · Dimensional ETF Trust | 0.90% | 372,372 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.89% | 24,606 NS | May 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.86% | 1,346,098 SH | Aug. 8, 2026 | Daily |
| IMCV · iShares Trust | 0.77% | 33,541 SH | Aug. 8, 2026 | Daily |
| NFRA · FlexShares Trust | 0.77% | 86,304 NS | April 30, 2026 | N-PORT |
| FWD · AB Active ETFs, Inc. | 0.73% | 93,130 NS | May 31, 2026 | N-PORT |
| FLCV · Federated Hermes ETF Trust | 0.70% | 2,999 NS | May 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.69% | 107,060 SH | Aug. 8, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.68% | 31,911 NS | April 30, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.66% | 375,410 NS | May 31, 2026 | N-PORT |
| VFMV · VANGUARD WELLINGTON FUND | 0.65% | 11,429 SH | Aug. 8, 2026 | Daily |
| EQIN · Columbia ETF Trust I | 0.64% | 6,445 NS | April 30, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 0.62% | 413 NS | April 30, 2026 | N-PORT |
| QDEF · FlexShares Trust | 0.58% | 11,205 NS | April 30, 2026 | N-PORT |
| EGUS · iShares Trust | 0.58% | 615 SH | Aug. 8, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.57% | 262 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.56% | 2,401,706 SH | Aug. 8, 2026 | Daily |