Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations

v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Revenues $ 6,173 $ 4,441 $ 17,773 $ 14,526
Operating costs and expenses        
Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below) 3,207 1,750 11,964 6,438
Operating and maintenance expense 540 447 1,598 1,479
Selling, general and administrative expense 112 81 336 296
Depreciation, amortization and accretion expense 393 338 1,146 979
Other operating costs and expenses 6 8 12 26
Total operating costs and expenses 4,258 2,624 15,056 9,218
Income from operations 1,915 1,817 2,717 5,308
Other income (expense)        
Interest expense, net of capitalized interest (285) (236) (827) (702)
Interest and dividend income 21 23 56 91
Other income (expense), net 3 (5) (37) 14
Total other expense (261) (218) (808) (597)
Income before income taxes and NCI 1,654 1,599 1,909 4,711
Less: income tax provision 168 303 193 850
Net income 1,486 1,296 1,716 3,861
Less: net income attributable to NCI 316 247 980 833
Net income attributable to Cheniere $ 1,170 $ 1,049 $ 736 $ 3,028
Net income per share attributable to common stockholders—basic(1) [1] $ 5.67 $ 4.76 [2] $ 3.52 $ 13.63 [2]
Net income per share attributable to common stockholders—diluted(1) [1] $ 5.65 $ 4.75 [2] $ 3.51 $ 13.59 [2]
Weighted average number of common shares outstanding—basic 206.3 219.3 208.6 221.5
Weighted average number of common shares outstanding—diluted 206.9 219.9 209.1 222.1
LNG [Member]        
Revenues        
Revenues $ 6,099 $ 4,302 $ 17,461 $ 14,122
Regasification [Member]        
Revenues        
Revenues 34 34 102 102
Other [Member]        
Revenues        
Revenues $ 40 $ 105 $ 210 $ 302
[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.