Quarterly report [Sections 13 or 15(d)]

Net Income Per Share Attributable to Common Stockholders

v3.25.3
Net Income Per Share Attributable to Common Stockholders
 9 Months Ended
Sep. 30, 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 NCI 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 NCI 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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net income attributable to Cheniere $ 1,049  $ 893  $ 3,028  $ 2,275 
Less: accretion of redeemable NCI, net of tax
 4  —  10  — 
Net income attributable to common stockholders $ 1,045  $ 893  $ 3,018  $ 2,275 
Weighted average common shares outstanding:  
Basic 219.3  226.3  221.5  229.6 
Dilutive unvested stock 0.6  0.7  0.6  0.7 
Diluted 219.9  227.0  222.1  230.3 
Net income per share attributable to common stockholders—basic (1)
 $ 4.76  $ 3.95  $ 13.63  $ 9.91 
Net income per share attributable to common stockholders—diluted (1)
 $ 4.75  $ 3.93  $ 13.59  $ 9.88 
(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 October 28, 2025, we declared a quarterly dividend of $0.555 per share of common stock that is payable on November 18, 2025 to stockholders of record as of the close of business on November 7, 2025.