Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,099 [1] $ 1,099
Restricted cash and cash equivalents 420 [1] 485
Trade and other receivables, net of current expected credit losses 1,335 1,380
Inventory 723 524
Current derivative assets 156 9
Margin deposits 126 76
Prepaid expenses 117 72
Other current assets, net 136 47
Total current assets 4,112 3,692
Property, plant and equipment, net of accumulated depreciation 37,154 35,755
Operating lease assets 2,516 2,700
Deferred NPNS assets 2,195 0
Derivative assets 735 4,663
Other non-current assets, net 1,260 1,072
Total assets 47,972 [1] 47,882
Current liabilities    
Accounts payable 293 123
Accrued liabilities 1,676 2,081
Current debt, net of unamortized discount and debt issuance costs 1,411 306
Deferred revenue 116 150
Current operating lease liabilities 562 539
Current portion of deferred NPNS liabilities 166 0
Current derivative liabilities 377 618
Other current liabilities 122 99
Total current liabilities 4,723 3,916
Long-term debt, net of unamortized discount and debt issuance costs 22,632 22,507
Non-current operating lease liabilities 1,951 2,163
Deferred NPNS liabilities 1,740 0
Derivative liabilities 301 1,208
Deferred tax liabilities 3,629 3,698
Other non-current liabilities 1,506 1,312
Total liabilities 36,482 34,804
Redeemable NCI 0 136
Stockholders’ equity    
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued 0 0
Common stock: $0.003 par value, 480.0 million shares authorized; 279.6 million shares and 279.2 million shares issued at June 30, 2026 and December 31, 2025, respectively 1 1
Treasury stock: 71.7 million shares and 66.8 million shares at June 30, 2026 and December 31, 2025, respectively, at cost (9,949) (8,852)
Additional paid-in-capital 4,566 4,523
Retained earnings 11,573 12,243
Total Cheniere stockholders’ equity 6,191 7,915
NCI 5,299 5,027
Total stockholders’ equity 11,490 12,942
Total liabilities, redeemable NCI and stockholders’ equity $ 47,972 [1] $ 47,882
[1] Amounts presented include balances held by our VIEs, all of which were related to CQP as of June 30, 2026, and substantially all of which were related to CQP as of December 31, 2025. As of June 30, 2026, total assets and liabilities of our VIEs were $17.2 billion and $16.9 billion, respectively, as further detailed in Note 6—Non-Controlling Interests and Variable Interest Entities, including $443 million of cash and cash equivalents and $23 million of restricted cash and cash equivalents.