Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Revenues $ 5,732 $ 4,641 $ 11,600 $ 10,085
Operating costs and expenses        
Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below) 439 1,117 8,757 4,688
Operating and maintenance expense 533 559 1,058 1,032
Selling, general and administrative expense 88 99 224 215
Depreciation, amortization and accretion expense 380 329 753 641
Other operating costs and expenses 2 7 6 18
Total operating costs and expenses 1,442 2,111 10,798 6,594
Income from operations 4,290 2,530 802 3,491
Other income (expense)        
Interest expense, net of capitalized interest (287) (237) (542) (466)
Interest and dividend income 19 31 35 68
Other income (expense), net (14) (1) (40) 19
Total other expense (282) (207) (547) (379)
Income before income taxes and NCI 4,008 2,323 255 3,112
Less: income tax provision 366 426 25 547
Net income 3,642 1,897 230 2,565
Less: net income attributable to NCI 574 271 664 586
Net income (loss) attributable to Cheniere $ 3,068 $ 1,626 $ (434) $ 1,979
Net income (loss) per share attributable to common stockholders—basic (2) [1],[2] $ 14.68 $ 7.32 $ (2.08) $ 8.87
Net income (loss) per share attributable to common stockholders—diluted (2) [1],[2] $ 14.65 $ 7.30 $ (2.08) $ 8.85
Weighted average number of common shares outstanding—basic 209.0 221.8 209.7 222.6
Weighted average number of common shares outstanding—diluted 209.5 222.3 209.7 223.2
LNG [Member]        
Revenues        
Revenues $ 5,640 $ 4,515 $ 11,362 $ 9,820
Regasification [Member]        
Revenues        
Revenues 34 34 68 68
Other [Member]        
Revenues        
Revenues $ 58 $ 92 $ 170 $ 197
[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.
[2] In January 2026, we redeemed the remaining redeemable NCI in our consolidated variable interest entity (“VIE”) that owns the Gregory Power Plant, as described in Note 6—Non-Controlling Interests and Variable Interest Entities. Prior to the redemption, in computing basic and diluted net income per share attributable to common stockholders, net income attributable to Cheniere was adjusted for the remeasurement of the redeemable NCI, net of tax, to its redemption value, as required under the two-class method. See Note 13—Net Income per Share Attributable to Common Stockholders for the full computation.