Cheniere Energy (LNG) investor relations material

Executive summary

• Achieved record operational and financial performance in Q2 2026, with consolidated adjusted EBITDA of ~$1.8B, distributable cash flow of ~$1.17B, and net income over $3.07B, driven by higher production and reliability.

• Exported 184 LNG cargoes (672 TBtu), a 20% year-over-year increase, supported by accelerated project delivery and debottlenecking.

• Raised full-year 2026 guidance for consolidated adjusted EBITDA to $7.90–$8.40B and DCF to $5.30–$5.80B, marking the second consecutive upward revision.

• Advanced major growth projects, including substantial completion of CCL Stage 3 Midscale Train 6 and progress on SPL Expansion Phase 1.

• Returned over $666M to shareholders through dividends and share repurchases in Q2 2026.

Financial highlights

• Q2 2026 revenues rose to $5.73B, up 24% year-over-year; consolidated adjusted EBITDA was ~$1.8B, and net income reached $3.07B.

• Distributable cash flow grew 27% year-over-year to ~$1.17B.

• Dividend declared at $0.555 per share; total H1 2026 dividend payout ~$230M.

• Share buybacks totaled ~$1.1B for nearly 5M shares in H1 2026.

• Cash and cash equivalents at June 30, 2026: $1.1B; available liquidity: $7.5B.

Outlook and guidance

• Full-year 2026 consolidated adjusted EBITDA guidance raised to $7.90–$8.40B; DCF to $5.30–$5.80B.

• Production forecast for 2026 increased to 53–54 million tons, reflecting improved reliability and ramp-up.

• Less than 1M tons of open volumes remain for 2026, limiting exposure to market volatility.

• Expect to seek Board approval for annual dividend increase in 3Q.

• Maintaining $500M guidance range due to ongoing market volatility and timing uncertainties.