Cheniere Energy, Inc. announced its financial results for the first quarter 2026.
RECENT HIGHLIGHTS
Financial
- During the three months ended March 31, 2026, Cheniere generated revenues of approximately $5.9 billion, Consolidated Adjusted EBITDA3 of approximately $2.3 billion, Distributable Cash Flow3 of approximately $1.7 billion, and net loss1,2 of approximately $3.5 billion.
- Raising full year 2026 Consolidated Adjusted EBITDA3 guidance from $6.75 billion – $7.25 billion to $7.25 billion – $7.75 billion and full year 2026 Distributable Cash Flow3 guidance from $4.35 billion – $4.85 billion to $4.75 billion – $5.25 billion.
Capital Allocation
- Pursuant to Cheniere’s comprehensive capital allocation plan, Cheniere deployed approximately $1.2 billion towards accretive growth, balance sheet management, share repurchases and dividends in the three months ended March 31, 2026. During the three months ended March 31, 2026, Cheniere repurchased an aggregate of approximately 2.7 million shares of common stock for approximately $537 million, paid a quarterly dividend of $0.555 per share of common stock, totaling approximately $117 million, repaid approximately $253 million of consolidated long-term indebtedness and invested approximately $1 billion of growth capital with approximately $301 million funded with equity.
- In February 2026, Moody’s Ratings upgraded its ratings of the senior unsecured notes of Cheniere and senior secured notes of Cheniere Corpus Christi Holdings, LLC (“CCH”) from Baa3 and Baa2, respectively, to Baa2 and Baa1, respectively, each with a stable outlook.
- In April 2026, Cheniere declared a dividend with respect to the first quarter 2026 of $0.555 per share of common stock, which is payable on May 19, 2026.
Growth / Operations
- During the three months ended March 31, 2026, a total of 187 cargoes of liquefied natural gas (“LNG”) were exported from our facilities, a quarterly record.
- In March 2026, substantial completion of the fifth train (“Train 5”) of the CCL Stage 3 Project (defined below) was achieved. This follows the previously announced substantial completions of Trains 1-4 of the CCL Stage 3 Project in March, August, October and December 2025, respectively.
- First LNG production from the sixth train (“Train 6”) of the CCL Stage 3 Project is expected imminently.
CEO COMMENT
“2026 is off to an excellent start, thanks to the Cheniere team’s commitment to safety, operational excellence and seamless execution. We are raising our 2026 financial guidance as a result of an increase in our LNG production forecast and higher market margins for the year, as well as the contribution from optimization activities achieved year-to-date,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “The elevated volatility in global energy markets today further signals the need for additional investment in reliable, secure LNG capacity. We look forward to advancing accretive, brownfield growth at Sabine Pass and Corpus Christi, as we continue to create long-term sustainable value for shareholders.”