Quarterly report [Sections 13 or 15(d)]

Net Income (Loss) Per Share Attributable to Common Stockholders

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Net Income (Loss) Per Share Attributable to Common Stockholders
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders NET INCOME (LOSS) 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 that was held by a third party in one of our consolidated VIEs was considered participating because, under certain circumstances, it was redeemable for cash at a return. Therefore, the accretion of the redeemable NCI to its redemption value, net of tax, which was recognized as a deemed dividend within retained earnings, was deducted from net income (loss) in computing net income (loss) per share attributable to common stockholders. As described in Note 6—Non-Controlling Interests and Variable Interest Entities, in January 2026, we redeemed the remaining redeemable NCI in this VIE.

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 June 30, Six Months Ended June 30,
2026 2025 2026 2025
Net income (loss) attributable to Cheniere
 $ 3,068  $ 1,626  $ (434) $ 1,979 
Less: accretion of redeemable NCI, net of tax
 —  3  2  5 
Net income (loss) attributable to common stockholders
 $ 3,068  $ 1,623  $ (436) $ 1,974 
Weighted average common shares outstanding:
Basic 209.0  221.8  209.7  222.6 
Dilutive unvested stock (1) 0.5  0.5  —  0.6 
Diluted 209.5  222.3  209.7  223.2 
Net income (loss) per share attributable to common stockholders—basic (2)
 $ 14.68  $ 7.32  $ (2.08) $ 8.87 
Net income (loss) per share attributable to common stockholders—diluted (2)
 $ 14.65  $ 7.30  $ (2.08) $ 8.85 
(1)Potentially dilutive securities that were not included in the diluted net loss per share computation for the six months ended June 30, 2026 were 0.5 million shares of unvested stock, because their effects would have been anti-dilutive.
(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.

On July 28, 2026, we declared a quarterly dividend of $0.555 per share of common stock that is payable on August 18, 2026 to stockholders of record as of the close of business on August 10, 2026.