Cheniere Records 670 LNG Cargoes, Boosts Buyback by $9B and Guides $6.75–7.25B EBITDA
Cheniere delivered 670 LNG cargoes in 2025, generated $19.98 billion in revenue and $5.29 billion of Distributable Cash Flow, completed its 20/20 Vision with over $20 billion deployed and upsized its share repurchase plan by $9 billion to more than $10 billion through 2030. The company guided 2026 Consolidated Adjusted EBITDA of $6.75–7.25 billion and Distributable Cash Flow of $4.35–4.85 billion, achieved substantial completion of its fifth train and signed a long-term SPA for up to 1.2 mtpa of LNG with CPC Taiwan through 2050.
1. Q4 and Full Year 2025 Results
Cheniere reported revenues of $5.45 billion in Q4 and $19.98 billion for the full year, with net income of $2.30 billion and $5.33 billion respectively. Consolidated Adjusted EBITDA reached $2.05 billion in the quarter and $6.94 billion for the year, while Distributable Cash Flow totaled $1.49 billion and $5.29 billion, underpinned by a record 670 LNG cargoes exported.
2. Full Year 2026 Financial Guidance
The company introduced full year 2026 guidance of $6.75–7.25 billion for Consolidated Adjusted EBITDA and $4.35–4.85 billion for Distributable Cash Flow. This outlook reflects expected contributions from initial phases of both the SPL and Corpus Christi expansion projects and anticipated market demand.
3. Capital Allocation and Share Repurchase
Cheniere completed its ‘20/20 Vision’ capital allocation plan ahead of schedule, deploying over $20 billion since 2022. The board authorized an incremental $9 billion share repurchase, bringing total authorization to over $10 billion through 2030, targeting a run-rate Distributable Cash Flow of $30 per share upon completion.
4. Growth Projects and New Long-Term SPA
Substantial completion of Train 5 of the Corpus Christi Stage 3 Project was achieved in February 2026, following Trains 1–4 in 2025. The company filed for a FERC capacity increase of 5 mtpa and signed a SPA to deliver up to 1.2 mtpa of LNG to CPC Taiwan through 2050, strengthening its long-term commercial portfolio.