Cheniere Energy, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 8, 2025

LNG$277.95-0.6%Stored close · as of Nov 6, 2026

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Contents

Consolidated Balance Sheets

CONSOLIDATED BALANCE SHEETS (1)

(in millions, except share data)

	March 31,	December 31,
	2025	2024
ASSETS
Current assets
Cash and cash equivalents	$2,511	$2,638
Restricted cash and cash equivalents	357	552
Trade and other receivables, net of current expected credit losses	1,019	727
Inventory	525	501
Current derivative assets	135	155
Margin deposits	87	128
Other current assets, net	93	100
Total current assets	4,727	4,801
Property, plant and equipment, net of accumulated depreciation	34,177	33,552
Operating lease assets	2,724	2,684
Derivative assets	1,023	1,903
Deferred tax assets	18	19
Other non-current assets, net	877	899
Total assets	$43,546	$43,858
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$182	$171
Accrued liabilities	2,206	2,179
Current debt, net of unamortized discount and debt issuance costs	104	351
Deferred revenue	117	163
Current operating lease liabilities	576	592
Current derivative liabilities	710	902
Other current liabilities	84	83
Total current liabilities	3,979	4,441
Long-term debt, net of unamortized discount and debt issuance costs	22,509	22,554
Operating lease liabilities	2,153	2,090
Derivative liabilities	1,767	1,865
Deferred tax liabilities	1,893	1,856
Other non-current liabilities	1,148	992
Total liabilities	33,449	33,798
Redeemable non-controlling interest	45	7
Stockholders’ equity
Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued	—	—
Common stock: $0.003 par value, 480.0 million shares authorized; 279.1 million shares and 278.7 million shares issued at March 31, 2025 and December 31, 2024, respectively	1	1
Treasury stock: 56.3 million shares and 54.7 million shares at March 31, 2025 and December 31, 2024, respectively, at cost	(6,488)	(6,136)
Additional paid-in-capital	4,448	4,452
Retained earnings	7,620	7,382
Total Cheniere stockholders’ equity	5,581	5,699
Non-controlling interests	4,471	4,354
Total stockholders’ equity	10,052	10,053
Total liabilities, redeemable non-controlling interest and stockholders’ equity	$43,546	$43,858

(1)Amounts presented include balances held by our consolidated variable interest entities (“VIEs”), substantially all of which are related to CQP, as further discussed in Note 6—Non-Controlling Interests and Variable Interest Entities. As of March 31, 2025, total assets and liabilities of our VIEs were $16.9 billion and $17.4 billion, respectively, including $94 million of cash and cash equivalents and $80 million of restricted cash and cash equivalents.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.