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Cheniere Energy, Inc.

For the period ended Sep 30, 2026. Filed Oct 29, 2026.

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About this filing

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.

Sep 30, 2026 · Filed Oct 29, 2026

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

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Overview of Significant Events

Our significant events since January 1, 2026 and through the filing date of this Form 10-Q include the following:

Strategic

Growth

In September 2026, we received a final environmental impact statement from the FERC relating to the SPL Expansion Project.

In June 2026, we received authorization from the FERC to increase the LNG production capacity of the previously-authorized project consisting of seven midscale Trains (the“Corpus Christi Stage 3 Project”) and the CCL Midscale Trains 8 & 9 Project by approximately 5 mtpa in aggregate.

In May 2026, SPL Stage V entered into a lump sum, turnkey EPC contract with Bechtel for the first phase of the SPL Expansion Project and has commenced early engineering and procurement pursuant to the LNTPs issued.

Following our pre-filing in July 2025, in February 2026, we filed an application with the FERC under the NGA for authorization to site, construct and operate in a phased approach the CCL Expansion Project, a potential further expansion of the Corpus Christi LNG Terminal, inclusive of four liquefaction trains and supporting infrastructure, with an expected total peak production capacity of up to 24 mtpa of LNG, inclusive of estimated debottlenecking opportunities.

Commercialization

In October 2026, SPL and CCL entered into long-term LNG SPAs with QatarEnergy to supply in aggregate up to 4 mtpa of LNG on an FOB basis beginning in the early 2030s through 2054, with 1 mtpa subject to, among other things, a positive FID with respect to the first phase of the SPL Expansion Project.

In September 2026, Cheniere Marketing entered into a long-term LNG SPA with Petrobras to supply 0.8 mtpa of LNG on an FOB basis for 22 years.

In February 2026, Cheniere Marketing entered into its second long-term LNG SPA with CPC Corporation, Taiwan (“CPC”), under which CPC has agreed to purchase up to approximately 1.2 mtpa of LNG from Cheniere Marketing on a DAP basis from 2026 through 2050.

Operational

As of October 23, 2026, approximately 5,120 cumulative LNG cargoes totaling over 350 million tonnes of LNG have been produced, loaded and exported from the Liquefaction Projects.

In March, June and August 2026, substantial completions of Trains 5, 6 and 7, respectively, of the Corpus Christi Stage 3 Project were achieved.

Financial

In June 2026, we entered into the following debt transactions concurrently:

We entered into a Commitment Increase and Maturity Extension Agreement for the Cheniere Third Amended and Restated Revolving Credit Agreement (the“Cheniere Revolving Credit Facility”) to increase the aggregate commitments by $500 million to $1.75 billion and extend the maturity date by one year;

CCH entered into the $1.0 billion CCH Revolving Credit Agreement (the“CCH Revolving Credit Facility”), which amended and restated the previous working capital facility agreement (the “CCH Working Capital Facility”) to, among other things, decrease the aggregate commitments by $500 million, extend the maturity date by approximately four years and reduce the rates applicable to its interest and fees; and

CCH entered into an amendment to the Second Amended and Restated Term Loan Facility Agreement (the“CCH Credit Facility”) to, among other things, extend the availability period for disbursements of term loans to December 31, 2027.

In June 2026, CQP issued and sold $1.0 billion aggregate principal amount of 5.350% Senior Notes due 2036 (the“2036 CQP Senior Notes”) and $750 million aggregate principal amount of 6.050% Senior Notes due 2056 (the“2056 CQP Senior Notes”), and a portion of the net proceeds were used to fully redeem $1.5 billion aggregate principal amount of SPL’s 5.00% Senior Secured Notes due 2027 (the“2027 SPL Senior Notes”), as well as for general corporate purposes, including funding a portion of the LNTPs related to the first phase of the SPL Expansion Project.

In March 2026, Cheniere issued and sold $1.0 billion aggregate principal amount of 5.200% Senior Notes due 2036 (the“2036 Cheniere Senior Notes”) and $750 million aggregate principal amount of 6.000% Senior Notes due 2056 (the“2056 Cheniere Senior Notes”), and a portion of the net proceeds was used to prepay $550 million of CCH’s outstanding borrowings under the CCH Credit Facility. Concurrently, we canceled $600 million of unused commitments under the CCH Credit Facility, and in May 2026, we canceled an additional $600 million of unused commitments.

In October 2026, S&P Global Ratings upgraded its rating of CCH’s senior secured notes from BBB+ to A- with a stable outlook.

In February 2026, Moody’s Ratings (“Moody’s”) upgraded its rating of Cheniere’s senior unsecured notes from Baa3 to Baa2 with a stable outlook. Moody’s also upgraded its rating of CCH’s senior secured notes from Baa2 to Baa1 with a stable outlook.

In February 2026, our board of directors (our“Board”) approved an increase in our share repurchase authorization to approximately $10 billion from 2026 through 2030 with a $9 billion increase to the existing authorization.

During the three and nine months ended September 30, 2026, we accomplished the following pursuant to our capital allocation priorities:

We repurchased approximately 2.8 million and 7.7 million shares of our common stock, respectively, as part of our share repurchase program for approximately $731 million and $1.8 billion, respectively.

SPL repaid $54 million and $307 million aggregate principal amount of its senior notes, respectively, exclusive of amounts refinanced, as noted above.

We paid dividends of $0.555 and $1.665 per share of common stock, respectively.

We continued to invest in accretive organic growth, including our investments in the Corpus Christi Stage 3 Project, the CCL Midscale Trains 8 & 9 Project, the SPL Expansion Project and the Gregory Power Plant, a natural gas-fired combined cycle facility located in San Patricio County, Texas, as further described under Investing Cash Flows in Sources and Uses of Cash within Liquidity and Capital Resources.

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