Cheniere Energy, Inc.

The following table summarizes the sources and uses of our cash, cash equivalents and restricted cash and cash equivalents (in millions). The table presents capital expenditures on a cash basis; therefore, these amounts differ from the amounts of capital expenditures, including accruals, which are referred to elsewhere in this report. Additional discussion of these items follows the table.

Operating Cash Flows

The $269 million decrease between the periods was primarily related to lower cash flows attributed to working capital from differences in timing of payments to suppliers and cash collections from the sale of LNG cargoes, partially offset by higher net cash inflows from LNG sales, as explained above in Results of Operations, and increased cash inflows from settlement of derivative instruments.

As described in Results of Operations, the OBBBA was signed into law during the third quarter of 2025 and includes, among other provisions, reinstating 100% accelerated tax bonus depreciation on qualifying assets acquired after January 19, 2025, which is expected to defer our income tax liability, ultimately reducing our income tax payable to a nominal amount in 2025, and modifying the export-promoting FDII deduction rules, renamed to the FDDEI under the OBBBA, which is expected to reduce our income taxes payable relative to prior policy in future periods. Additionally, the IRS issued Notice 2025-49, which revised rules for calculating CAMT adjusted financial statement income, deferring our tax obligations and entitling us to a refund of $380 million of previously paid CAMT.

Investing Cash Flows

Our investing net cash outflows primarily related to: (1) construction costs for the Corpus Christi Stage 3 Project, which were $1.1 billion and $1.3 billion during the nine months ended September 30, 2025 and 2024, respectively; (2) $750 million of costs paid for the CCL Midscale Trains 8 & 9 Project during the nine months ended September 30, 2025, primarily related to procurement and engineering; and (3) optimization and other site improvement projects during both periods. The $0.2 billion decrease in construction costs for the Corpus Christi Stage 3 Project between the periods was primarily related to the timing of cash payments under the related EPC contract. We expect to continue to incur capital expenditures for the Corpus Christi Stage 3 Project and the CCL Midscale Trains 8 & 9 Project as construction progresses on these projects.

Financing Cash Flows

The following table summarizes our financing activities (in millions):

Proceeds from Issuances of Debt and Borrowings

The following table shows the proceeds from issuances of debt and borrowings, including intra-quarter activity (in millions):

Debt Redemptions and Repayments

The following table shows the redemptions and repayments of debt, including intra-quarter activity (in millions):

Repurchase of Common Stock

During the nine months ended September 30, 2025 and 2024, we paid $1.7 billion and $2.0 billion to repurchase approximately 7.4 million and 12.2 million shares of our common stock, respectively, under our share repurchase program. Additionally, during the nine months ended September 30, 2025, we paid $33 million of excise taxes related to our repurchase of common stock during the fiscal years 2023 and 2024. As of September 30, 2025, we had approximately $2.2 billion remaining under our share repurchase program.

Cash Dividends to Stockholders

During the nine months ended September 30, 2025, we paid aggregate dividends of $1.500 per share of common stock for a total of $332 million and during the nine months ended September 30, 2024, we paid aggregate dividends of $1.305 per share of common stock for a total of $300 million.

On October 28, 2025, we declared a quarterly dividend of $0.555 per share of common stock that is payable on November 18, 2025 to stockholders of record as of the close of business on November 7, 2025.