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

Share Repurchase Programs

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Share Repurchase Programs
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Share Repurchase Programs SHARE REPURCHASE PROGRAMS
The following table presents information with respect to common stock repurchased under our share repurchase program (in millions, except per share data):
Year Ended December 31,
2025 2024 2023
Total shares repurchased 12.14  13.75  9.54 
Weighted average price paid per share $ 221.55  $ 163.72  $ 155.50 
Total cost of repurchases (1) $ 2,690  $ 2,251  $ 1,484 
(1)Amount excludes associated commission fees and excise taxes incurred, which are excluded costs under the repurchase program.

As of December 31, 2025, we had approximately $1.2 billion remaining under our share repurchase program. Subsequently, in February 2026, our Board approved an increase in our share repurchase authorization to approximately $10 billion from 2026 through 2030 with a $9 billion increase to the existing authorization. Under the share repurchase authorization, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements. The timing and amount of any shares of Cheniere’s common stock that are repurchased under the share repurchase authorization will be determined by Cheniere’s management based on market conditions and other factors. The share repurchase authorization does not obligate Cheniere to acquire any particular amount of common stock, and may be modified, suspended or discontinued at any time or from time to time at Cheniere’s discretion.