Cheniere Energy, Inc.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in millions, except share data)

	December 31,
	2025	2024
ASSETS
Current assets
Cash and cash equivalents	$1,099	$2,638
Restricted cash and cash equivalents	485	552
Trade and other receivables, net of current expected credit losses	1,380	727
Inventory	524	501
Current derivative assets	9	155
Margin deposits	76	128
Other current assets, net	119	100
Total current assets	3,692	4,801
Property, plant and equipment, net of accumulated depreciation	35,755	33,552
Operating lease assets	2,700	2,684
Derivative assets	4,663	1,903
Deferred tax assets	12	19
Other non-current assets, net	1,060	899
Total assets	$47,882	$43,858
LIABILITIES, REDEEMABLE NCI AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable	$123	$171
Accrued liabilities	2,081	2,179
Current debt, net of unamortized discount and debt issuance costs	306	351
Deferred revenue	150	163
Current operating lease liabilities	539	592
Current derivative liabilities	618	902
Other current liabilities	99	83
Total current liabilities	3,916	4,441
Long-term debt, net of unamortized discount and debt issuance costs	22,507	22,554
Operating lease liabilities	2,163	2,090
Derivative liabilities	1,208	1,865
Deferred tax liabilities	3,698	1,856
Other non-current liabilities	1,312	992
Total liabilities	34,804	33,798
Commitments and contingencies (see Note 19)
Redeemable NCI	136	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; 279.2 million shares and 278.7 million shares issued at December 31, 2025 and 2024, respectively	1	1
Treasury stock: 66.8 million shares and 54.7 million shares at December 31, 2025 and 2024, respectively, at cost	(8,852)	(6,136)
Additional paid-in-capital	4,523	4,452
Retained earnings	12,243	7,382
Total Cheniere stockholders’ equity	7,915	5,699
NCI	5,027	4,354
Total stockholders’ equity	12,942	10,053
Total liabilities, redeemable NCI and stockholders’ equity	$47,882	$43,858

(1)Amounts presented include balances held by our consolidated variable interest entities (“VIEs”), substantially all of which are related to CQP. As of December 31, 2025, total assets and liabilities of our VIEs were $17.3 billion and $17.0 billion, respectively, as further detailed in Note 8—Non-Controlling Interests and Variable Interest Entities, including $182 million of cash and cash equivalents and $22 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.