Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Revenues $ 19,976 $ 15,703 $ 20,394
Operating costs and expenses      
Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below) 7,150 6,021 1,356
Operating and maintenance expense 1,966 1,857 1,835
Selling, general and administrative expense 383 441 474
Depreciation, amortization and accretion expense 1,329 1,220 1,196
Other operating costs and expenses 36 36 44
Total operating costs and expenses 10,864 9,575 4,905
Income from operations 9,112 6,128 15,489
Other income (expense)      
Interest expense, net of capitalized interest (948) (1,010) (1,141)
Gain (loss) on modification or extinguishment of debt (8) (9) 15
Interest and dividend income 106 189 211
Other income, net 20 5 4
Total other expense (830) (825) (911)
Income before income taxes and NCI 8,282 5,303 14,578
Less: income tax provision 1,488 811 2,519
Net income 6,794 4,492 12,059
Less: net income attributable to NCI 1,464 1,240 2,178
Net income attributable to Cheniere $ 5,330 $ 3,252 $ 9,881
Net income per share attributable to common stockholders—basic (1) [1] $ 24.19 $ 14.24 [2] $ 40.99 [2]
Net income per share attributable to common stockholders—diluted (1) [1] $ 24.13 $ 14.20 [2] $ 40.72 [2]
Weighted average number of common shares outstanding—basic 219.7 228.4 241.0
Weighted average number of common shares outstanding—diluted 220.3 229.1 242.6
LNG [Member]      
Revenues      
Revenues $ 19,435 $ 14,899 $ 19,569
Regasification [Member]      
Revenues      
Revenues 136 135 135
Other [Member]      
Revenues      
Revenues $ 405 $ 669 $ 690
[1] In computing basic and diluted net income per share attributable to common stockholders, net income attributable to Cheniere is adjusted for the remeasurement of the redeemable NCI, net of tax, to its redemption value, as required under the two-class method. See Note 17—Net Income per Share Attributable to Common Stockholders for the full computation.
[2] 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.