Cheniere Energy, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues | ||
| LNG revenues | $5,722 | $5,305 |
| Regasification revenues | 34 | 34 |
| Other revenues | 112 | 105 |
| Total revenues | 5,868 | 5,444 |
| Operating costs and expenses | ||
| Cost of sales (excluding operating and maintenance expense and depreciation, amortization and accretion expense shown separately below) | 8,318 | 3,571 |
| Operating and maintenance expense | 525 | 473 |
| Selling, general and administrative expense | 136 | 116 |
| Depreciation, amortization and accretion expense | 373 | 312 |
| Other operating costs and expenses | 4 | 11 |
| Total operating costs and expenses | 9,356 | 4,483 |
| Income (loss) from operations | (3,488) | 961 |
| Other income (expense) | ||
| Interest expense, net of capitalized interest | (255) | (229) |
| Loss on modification or extinguishment of debt | (23) | — |
| Interest and dividend income | 16 | 37 |
| Other income (expense), net | (3) | 20 |
| Total other expense | (265) | (172) |
| Income (loss) before income taxes and NCI | (3,753) | 789 |
| Less: income tax provision (benefit) | (341) | 121 |
| Net income (loss) | (3,412) | 668 |
| Less: net income attributable to NCI | 90 | 315 |
| Net income (loss) attributable to Cheniere | $(3,502) | $353 |
| Net income (loss) per share attributable to common stockholders—basic and diluted (1) | $(16.65) | $1.57 |
| Weighted average number of common shares outstanding—basic | 210.5 | 223.5 |
| Weighted average number of common shares outstanding—diluted | 210.5 | 224.1 |
| ___________________ | ||
(1)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.
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