Cheniere Energy Inc (LNG) financial statements: income statement, balance sheet and cash flow

Cheniere Energy Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Cheniere Energy Inc reported revenue of $20.0B (+27.2% year on year) and net income of $6.8B (+51.2% year on year).

Income statement

Cheniere Energy Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$20.0B	$15.7B	$20.4B	$33.4B
Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below)	$7.2B	$6.0B	$1.4B	$25.6B
Operating and maintenance expense	$2.0B	$1.9B	$1.8B	$1.7B
Selling, general and administrative expense	$383.0M	$441.0M	$474.0M	$416.0M
Depreciation, amortization and accretion expense	$1.3B	$1.2B	$1.2B	$1.1B
Other operating costs and expenses	$36.0M	$36.0M	$44.0M	$5.0M
Total operating costs and expenses	$10.9B	$9.6B	$4.9B	$28.9B
Income from operations	$9.1B	$6.1B	$15.5B	$4.6B
Interest expense, net of capitalized interest	($948.0M)	($1.0B)	($1.1B)	($1.4B)
Gain (loss) on modification or extinguishment of debt	($8.0M)	($9.0M)	$15.0M	($66.0M)
Interest and dividend income	$106.0M	$189.0M	$211.0M	—
Other income, net	$20.0M	$5.0M	$4.0M	$5.0M
Total other expense	($830.0M)	($825.0M)	($911.0M)	($1.5B)
Income before income taxes and NCI	$8.3B	$5.3B	$14.6B	$3.1B
Less: income tax provision	$1.5B	$811.0M	$2.5B	$459.0M
Net income	$6.8B	$4.5B	$12.1B	$2.6B
Less: net income attributable to NCI	$1.5B	$1.2B	$2.2B	$1.2B
Net income attributable to Cheniere	$5.3B	$3.3B	$9.9B	$1.4B
Net income per share attributable to common stockholders—basic (1)	$24.19	$14.24	$40.99	$5.69
Net income per share attributable to common stockholders—diluted (1)	$24.13	$14.20	$40.72	$5.64
Weighted average number of common shares outstanding—basic	219.7M	228.4M	241.0M	251.1M
Weighted average number of common shares outstanding—diluted	220.3M	229.1M	242.6M	253.4M

Cheniere Energy Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$5.7B	$5.9B	$4.4B	$4.6B
Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below)	$439.0M	$8.3B	$1.8B	$1.1B
Operating and maintenance expense	$533.0M	$525.0M	$447.0M	$559.0M
Selling, general and administrative expense	$88.0M	$136.0M	$81.0M	$99.0M
Depreciation, amortization and accretion expense	$380.0M	$373.0M	$338.0M	$329.0M
Other operating costs and expenses	$2.0M	$4.0M	$8.0M	$7.0M
Total operating costs and expenses	$1.4B	$9.4B	$2.6B	$2.1B
Income from operations	$4.3B	($3.5B)	$1.8B	$2.5B
Interest expense, net of capitalized interest	($287.0M)	($255.0M)	($236.0M)	($237.0M)
Interest and dividend income	$19.0M	$16.0M	$23.0M	$31.0M
Other income (expense), net	($14.0M)	($3.0M)	$2.0M	($1.0M)
Total other expense	($282.0M)	($265.0M)	($218.0M)	($207.0M)
Income before income taxes and NCI	$4.0B	($3.8B)	$1.6B	$2.3B
Less: income tax provision	$366.0M	($341.0M)	$303.0M	$426.0M
Net income	$3.6B	($3.4B)	$1.3B	$1.9B
Less: net income attributable to NCI	$574.0M	$90.0M	$247.0M	$271.0M
Net income (loss) attributable to Cheniere	$3.1B	($3.5B)	$1.0B	$1.6B
Net income (loss) per share attributable to common stockholders—basic (2)	$14.68	-$16.65	$4.76	$7.32
Net income (loss) per share attributable to common stockholders—diluted (2)	$14.65	-$16.65	$4.75	$7.30
Weighted average number of common shares outstanding—basic	209.0M	210.5M	219.3M	221.8M
Weighted average number of common shares outstanding—diluted	209.5M	210.5M	219.9M	222.3M

Balance sheet

Cheniere Energy Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$1.1B	$2.6B	$4.1B	$1.4B
Restricted cash and cash equivalents	$485.0M	$552.0M	$459.0M	$1.1B
Trade and other receivables, net of current expected credit losses	$1.4B	$727.0M	$1.1B	$1.9B
Inventory	$524.0M	$501.0M	$445.0M	$826.0M
Current derivative assets	$9.0M	$155.0M	$141.0M	$120.0M
Margin deposits	$76.0M	$128.0M	$18.0M	$134.0M
Other current assets, net	$119.0M	$100.0M	$96.0M	$97.0M
Total current assets	$3.7B	$4.8B	$6.3B	$5.6B
Property, plant and equipment, net of accumulated depreciation	$35.8B	$33.6B	$32.5B	$31.5B
Operating lease assets	$2.7B	$2.7B	$2.6B	$2.6B
Derivative assets	$4.7B	$1.9B	$863.0M	$35.0M
Deferred tax assets	$12.0M	$19.0M	$26.0M	$864.0M
Other non-current assets, net	$1.1B	$899.0M	$759.0M	$529.0M
Total assets	$47.9B	$43.9B	$43.1B	$41.3B
Accounts payable	$123.0M	$171.0M	$181.0M	$124.0M
Accrued liabilities	$2.1B	$2.2B	$1.8B	$2.7B
Current debt, net of unamortized discount and debt issuance costs	$306.0M	$351.0M	$300.0M	$813.0M
Deferred revenue	$150.0M	$163.0M	$179.0M	$234.0M
Current operating lease liabilities	$539.0M	$592.0M	$655.0M	$616.0M
Current derivative liabilities	$618.0M	$902.0M	$750.0M	$2.3B
Other current liabilities	$99.0M	$83.0M	$43.0M	$28.0M
Total current liabilities	$3.9B	$4.4B	$3.9B	$6.8B
Long-term debt, net of unamortized discount and debt issuance costs	$22.5B	$22.6B	$23.4B	$24.1B
Non-current operating lease liabilities	$2.2B	$2.1B	$2.0B	$2.0B
Derivative liabilities	$1.2B	$1.9B	$2.4B	$7.9B
Deferred tax liabilities	$3.7B	$1.9B	$1.5B	—
Other non-current liabilities	$1.3B	$992.0M	$410.0M	$175.0M
Total liabilities	$34.8B	$33.8B	—	—
Redeemable NCI	$136.0M	$7.0M	—	—
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued	0	0	0	0
Common stock: $0.003 par value, 480.0 million shares authorized; 279.2 million shares and 278.7 million shares issued at December 31, 2025 and 2024, respectively	1.0M	1.0M	1.0M	1.0M
Treasury stock: 66.8 million shares and 54.7 million shares at December 31, 2025 and 2024, respectively, at cost	-8.9B	-6.1B	-3.9B	-2.3B
Additional paid-in-capital	$4.5B	$4.5B	$4.4B	$4.3B
Retained earnings	$12.2B	$7.4B	$4.5B	($4.9B)
Total Cheniere stockholders’ equity	$7.9B	$5.7B	$5.1B	($3.0B)
NCI	$5.0B	$4.4B	$4.0B	$2.8B
Total stockholders’ equity	$12.9B	$10.1B	$9.0B	($171.0M)
Total liabilities, redeemable NCI and stockholders’ equity	$47.9B	$43.9B	$43.1B	$41.3B

Cheniere Energy Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$1.1B	$1.3B	$1.1B	$1.6B
Restricted cash and cash equivalents	$420.0M	$463.0M	$323.0M	$369.0M
Trade and other receivables, net of current expected credit losses	$1.3B	$1.2B	$1.3B	$761.0M
Inventory	$723.0M	$678.0M	$458.0M	$482.0M
Current derivative assets	$156.0M	$25.0M	$89.0M	$147.0M
Margin deposits	$126.0M	$289.0M	$103.0M	$150.0M
Prepaid expenses	$117.0M	—	—	—
Other current assets, net	$136.0M	$190.0M	$129.0M	$147.0M
Total current assets	$4.1B	$4.2B	$3.5B	$3.7B
Property, plant and equipment, net of accumulated depreciation	$37.2B	$36.7B	$35.3B	$34.8B
Operating lease assets	$2.5B	$2.7B	$2.6B	$2.8B
Deferred NPNS assets	$2.2B	—	—	—
Derivative assets	$735.0M	$2.2B	$2.6B	$2.2B
Other non-current assets, net	$1.3B	$1.0B	$1.0B	$1.0B
Total assets	$48.0B	$46.8B	$45.1B	$44.6B
Accounts payable	$293.0M	$241.0M	$279.0M	$161.0M
Accrued liabilities	$1.7B	$2.0B	$1.5B	$1.5B
Current debt, net of unamortized discount and debt issuance costs	$1.4B	$1.6B	$605.0M	$609.0M
Deferred revenue	$116.0M	$111.0M	$176.0M	$145.0M
Current operating lease liabilities	$562.0M	$572.0M	$539.0M	$562.0M
Current portion of deferred NPNS liabilities	$166.0M	—	—	—
Current derivative liabilities	$377.0M	$2.5B	$556.0M	$706.0M
Other current liabilities	$122.0M	$149.0M	$92.0M	$100.0M
Total current liabilities	$4.7B	$7.3B	$3.7B	$3.8B
Long-term debt, net of unamortized discount and debt issuance costs	$22.6B	$22.1B	$22.0B	$22.0B
Non-current operating lease liabilities	$2.0B	$2.1B	$2.1B	$2.2B
Deferred NPNS liabilities	$1.7B	—	—	—
Derivative liabilities	$301.0M	$1.8B	$1.5B	$1.6B
Deferred tax liabilities	$3.6B	$3.3B	$3.1B	$2.3B
Other non-current liabilities	$1.5B	$1.5B	$1.3B	$1.3B
Total liabilities	$36.5B	$38.2B	$33.6B	$33.3B
Redeemable NCI	$0	$0	$118.0M	$58.0M
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued	0	0	0	0
Common stock: $0.003 par value, 480.0 million shares authorized; 279.6 million shares and 279.2 million shares issued at June 30, 2026 and December 31, 2025, respectively	1.0M	1.0M	1.0M	1.0M
Treasury stock: 71.7 million shares and 66.8 million shares at June 30, 2026 and December 31, 2025, respectively, at cost	-9.9B	-9.4B	-7.8B	-6.8B
Additional paid-in-capital	$4.6B	$4.5B	$4.5B	$4.5B
Retained earnings	$11.6B	$8.6B	$10.1B	$9.0B
Total Cheniere stockholders’ equity	$6.2B	$3.8B	$6.7B	$6.7B
NCI	$5.3B	$4.9B	$4.6B	$4.5B
Total stockholders’ equity	$11.5B	$8.7B	$11.3B	$11.3B
Total liabilities, redeemable NCI and stockholders’ equity	$48.0B	$46.8B	$45.1B	$44.6B

Cash flow statement

Cheniere Energy Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$6.8B	$4.5B	$12.1B	$2.6B
Depreciation, amortization and accretion expense	$1.3B	$1.2B	$1.2B	$1.1B
Share-based compensation expense	$161.0M	$215.0M	$250.0M	$205.0M
Amortization of discount and debt issuance costs	$38.0M	$42.0M	$44.0M	$57.0M
Reduction of right-of-use assets	$623.0M	$670.0M	$623.0M	$607.0M
Total gains on derivative instruments, net	($3.8B)	($1.3B)	($7.9B)	$6.5B
Net cash provided by (used for) settlement of derivative instruments	$289.0M	($100.0M)	($79.0M)	($904.0M)
Deferred taxes	$1.9B	$330.0M	$2.4B	$440.0M
Other, net	$25.0M	$19.0M	$20.0M	$11.0M
Trade and other receivables	($640.0M)	$380.0M	$840.0M	($502.0M)
Inventory	($32.0M)	($57.0M)	$377.0M	($123.0M)
Margin deposits	$52.0M	($111.0M)	$116.0M	$631.0M
Other non-current assets	($156.0M)	($80.0M)	—	—
Accounts payable and accrued liabilities	($232.0M)	$248.0M	($982.0M)	$250.0M
Total deferred revenue	($41.0M)	($2.0M)	$3.0M	$124.0M
Total operating lease liabilities	($619.0M)	($658.0M)	($607.0M)	($622.0M)
Other, net	($67.0M)	$92.0M	$76.0M	($132.0M)
Net cash provided by operating activities	$5.5B	$5.4B	$8.4B	$10.5B
Property, plant and equipment, net of proceeds from commissioning sales of LNG of $174 million, zero and zero, respectively	($3.1B)	($2.2B)	($2.1B)	($1.8B)
Investments in equity method investments	($2.0M)	($12.0M)	($61.0M)	($15.0M)
Other, net	$68.0M	($29.0M)	($20.0M)	$0
Net cash used in investing activities	($3.0B)	($2.3B)	($2.2B)	($1.8B)
Proceeds from issuances of debt and borrowings	$2.0B	$2.7B	$1.4B	$1.6B
Redemptions and repayments of debt	($2.1B)	($3.5B)	($2.6B)	($6.8B)
Distributions to NCI	($803.0M)	($846.0M)	($1.0B)	($947.0M)
Contributions from redeemable NCI	$122.0M	—	—	—
Payments related to tax withholdings for share-based compensation	($51.0M)	($46.0M)	($63.0M)	($63.0M)
Repurchase of common stock, inclusive of excise taxes paid	($2.7B)	($2.3B)	($1.5B)	($1.4B)
Dividends to stockholders	($451.0M)	($412.0M)	($393.0M)	($349.0M)
Other, net	($118.0M)	($89.0M)	($34.0M)	$0
Net cash used in financing activities	($4.1B)	($4.5B)	($4.2B)	($8.0B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents	($3.0M)	$1.0M	$2.0M	$5.0M
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	($1.6B)	($1.3B)	$2.0B	$670.0M
Cash, cash equivalents and restricted cash and cash equivalents—beginning of period	$3.2B	$4.5B	$2.5B	$1.8B
Cash, cash equivalents and restricted cash and cash equivalents—end of period	$1.6B	$3.2B	$4.5B	$2.5B

Cheniere Energy Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$230.0M	($3.4B)	$3.9B	$2.6B
Depreciation, amortization and accretion expense	$753.0M	$373.0M	$979.0M	$641.0M
Share-based compensation expense	$115.0M	$78.0M	$140.0M	$105.0M
Amortization of discount and debt issuance costs	$20.0M	$10.0M	$29.0M	$19.0M
Reduction of right-of-use assets	$277.0M	$145.0M	$465.0M	$310.0M
Total losses (gains) on derivative instruments, net	$3.1B	$5.5B	($1.6B)	($958.0M)
Net cash provided by (used for) settlement of derivative instruments	($834.0M)	($509.0M)	$286.0M	$193.0M
Deferred taxes	($73.0M)	($385.0M)	$1.2B	$454.0M
Other, net	$47.0M	$31.0M	$11.0M	($1.0M)
Trade and other receivables	$41.0M	$179.0M	($587.0M)	($29.0M)
Inventory	($210.0M)	($156.0M)	$42.0M	$19.0M
Other non-current assets	$56.0M	$65.0M	($148.0M)	($25.0M)
Accounts payable and accrued liabilities	($213.0M)	($131.0M)	($672.0M)	($789.0M)
Total deferred revenue	($45.0M)	($45.0M)	($10.0M)	($36.0M)
Total operating lease liabilities	($282.0M)	($145.0M)	($459.0M)	($307.0M)
Other non-current liabilities	($216.0M)	($216.0M)	—	—
Other, net	($126.0M)	($46.0M)	($76.0M)	($80.0M)
Net cash provided by operating activities	$2.7B	$1.1B	$3.5B	$2.1B
Property, plant and equipment, net of proceeds from commissioning sales of LNG of $85 million and $52 million, respectively	($1.9B)	($736.0M)	($2.3B)	($1.6B)
Proceeds from sale of equity method investment	$0	$0	—	$80.0M
Other, net	($11.0M)	($6.0M)	$71.0M	($8.0M)
Net cash used in investing activities	($1.9B)	($742.0M)	($2.3B)	($1.6B)
Proceeds from issuances of debt and borrowings	$4.5B	$2.5B	$1.3B	$265.0M
Redemptions and repayments of debt and borrowings	($3.3B)	($1.6B)	($1.6B)	($565.0M)
Distributions to NCI	($394.0M)	($202.0M)	($600.0M)	($400.0M)
Contributions from redeemable NCI	$0	$0	$108.0M	$49.0M
Redemption of redeemable NCI	($136.0M)	($136.0M)	—	—
Payments related to tax withholdings for share-based compensation	($37.0M)	($36.0M)	($50.0M)	($46.0M)
Repurchase of common stock, inclusive of excise taxes paid	($1.1B)	($537.0M)	($1.7B)	($690.0M)
Dividends to stockholders	($233.0M)	($117.0M)	($332.0M)	($223.0M)
Other, net	($128.0M)	($61.0M)	($94.0M)	($43.0M)
Net cash used in financing activities	($793.0M)	($149.0M)	($3.0B)	($1.7B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents	($3.0M)	($5.0M)	($3.0M)	($4.0M)
Net decrease in cash, cash equivalents and restricted cash and cash equivalents	($65.0M)	$184.0M	($1.8B)	($1.2B)
Cash, cash equivalents and restricted cash and cash equivalents—beginning of period	$1.6B	$1.6B	$3.2B	$3.2B
Cash, cash equivalents and restricted cash and cash equivalents—end of period	$1.5B	$1.8B	$1.4B	$2.0B

Cheniere Energy Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.