Cheniere Energy, Inc.

NOTE 1—NATURE OF OPERATIONS AND BASIS OF PRESENTATION

We operate natural gas liquefaction and export facilities located in Cameron Parish, Louisiana at Sabine Pass and near Corpus Christi, Texas (respectively, the“Sabine Pass LNG Terminal” and“Corpus Christi LNG Terminal”), with total expected production capacity of over 60 mtpa of LNG, inclusive of estimated debottlenecking opportunities, of which approximately 5 mtpa was under construction and the remainder was in operation as of September 30, 2026, comprised of the following:

•over 30 mtpa of total production capacity in operation from natural gas liquefaction facilities at the Sabine Pass LNG Terminal owned by CQP (the“SPL Project”). The Sabine Pass LNG Terminal also hasfive LNG storage tanks, vaporizers andthree marine berths. CQP also owns and operates a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several large interstate and intrastate pipelines (the“Creole Trail Pipeline”). As of September 30, 2026, we owned 100% of the general partner interest, a 48.6% limited partner interest and 100% of the incentive distribution rights of CQP.

•over 30 mtpa of total expected production capacity, inclusive of estimated debottlenecking opportunities, including over 25 mtpa in operation and approximately 5 mtpa under construction as of September 30, 2026, from our natural gas liquefaction facilities at the Corpus Christi LNG Terminal, of which we have 100% ownership interest. The Corpus Christi LNG Terminal also hasthree LNG storage tanks andtwo marine berths. We also own an approximately 21-mile natural gas supply pipeline that interconnects the Corpus Christi LNG Terminal with several large interstate and intrastate natural gas pipelines (the“Corpus Christi Pipeline”). The project under construction at the Corpus Christi LNG Terminal consists oftwo midscale Trains that is expected to add total production capacity of approximately 5 mtpa of LNG once fully completed, inclusive of estimated debottlenecking opportunities (the“CCL Midscale Trains 8 & 9 Project” and together with the existing assets at the Corpus Christi LNG Terminal and the Corpus Christi Pipeline, the“CCL Project”).

In addition to the SPL Project and the CCL Project (collectively, the“Liquefaction Projects”), we are developing expansion projects to provide additional liquefaction capacity at both the Sabine Pass LNG Terminal and the Corpus Christi LNG Terminal and are commercializing to support the additional liquefaction capacity associated with these potential expansion projects. At the Sabine Pass LNG Terminal, we are developing a two-phased expansion adjacent to the SPL Project, inclusive ofthree liquefaction trains and supporting infrastructure, with an expected total peak production capacity of up to approximately 20 mtpa of LNG, inclusive of estimated debottlenecking opportunities (the“SPL Expansion Project”). In May 2026, SPL Stage V entered into a lump sum, turnkey EPC contract with Bechtel Energy, Inc. for the first phase of the SPL Expansion Project and has commenced early engineering and procurement pursuant to the limited notices to proceed issued. Additionally, at the Corpus Christi LNG Terminal, we are developing a further expansion adjacent to the CCL Project in a phased approach, inclusive offour liquefaction trains and supporting infrastructure, with an expected total peak production capacity of up to 24 mtpa of LNG, inclusive of estimated debottlenecking opportunities (the“CCL Expansion Project”). These projects or other projects, including infrastructure projects in support of natural gas supply and LNG demand, will require, among other things, regulatory approvals and acceptable commercial and financing arrangements before our board of directors (our“Board”) makes a positive FID.

Basis of Presentation

The accompanying unaudited Consolidated Financial Statements of Cheniere have been prepared in accordance with GAAP for interim financial information and in accordance with Rule 10-01 of Regulation S-X and reflect all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the financial results for the interim periods presented. Accordingly, these Consolidated Financial Statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Consolidated Financial Statements and accompanying notes included in ourannual report on Form 10-K for the fiscal year ended December 31, 2025.