Quarterly report [Sections 13 or 15(d)]

Net Income Per Share Attributable to Common Stockholders

v3.25.1
Net Income Per Share Attributable to Common Stockholders
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Common Stockholders NET INCOME PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
We utilize the two-class method for computing earnings per share, which requires an allocation of earnings as if all earnings were distributed during the period to the common stockholders and participating securities. The redeemable non-controlling interest held by a third party in one of our consolidated VIEs is considered participating because, under certain circumstances, it is redeemable for cash at a return. Therefore, the accretion of the redeemable non-controlling interest to its redemption value, net of tax, which is recognized as a deemed dividend within retained earnings, is deducted from net income in computing net income per share attributable to common stockholders.
The following table provides a reconciliation of net income attributable to common stockholders and basic and diluted weighted average common shares outstanding (in millions, except per share data):
Three Months Ended March 31,
2025 2024
Net income attributable to Cheniere $ 353  $ 502 
Less: accretion of redeemable non-controlling interest, net of tax 2  — 
Net income attributable to common stockholders $ 351  $ 502 
Weighted average common shares outstanding:
Basic 223.5  234.2 
Dilutive unvested stock 0.6  0.8 
Diluted 224.1  235.0 
Net income per share attributable to common stockholders—basic (1)
 $ 1.57  $ 2.14 
Net income per share attributable to common stockholders—diluted (1)
 $ 1.57  $ 2.13 
(1)Earnings per share in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.

On April 29, 2025, we declared a quarterly dividend of $0.500 per share of common stock that is payable on May 19, 2025 to stockholders of record as of the close of business on May 9, 2025.