Cheniere Energy, Inc. · NYSE:LNG
Cheniere Energy — Q2 2026 Earnings Presentation
22 slides from Cheniere Energy's earnings presentation, Aug 6, 2026
Slide 1: Cheniere Energy, Inc. Second Quarter 2026
Cheniere Energy, Inc. Second Quarter 2026 August 6, 2026
Slide 2: Safe Harbor Statements
Safe Harbor Statements Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, “forward-looking • statements regarding our planned development and construction of additional Trains or pipelines, including statements” within the meaning of Section 27
Slide 3: Agenda
Agenda Introduction Randy Bhatia Vice President, Investor Relations and Communications Company Highlights Jack Fusco Chairman, President and Chief Executive Officer Commercial Update Anatol Feygin Executive Vice President and Chief Commercial Officer Financial Review Zach Davis Executive Vice Presid
Slide 4: Operating and Financial Highlights
Operating and Financial Highlights Jack Fusco, Chairman, President and CEO
Slide 5: Second Quarter 2026 Highlights & 2026 Guidance
Second Quarter 2026 Highlights & 2026 Guidance Consolidated Adjusted EBITDA Raising Full Year 2026 Financial Guidance Prior FY 2026 Revised FY 2026 ($ billions, except per unit data) +27% $1,804 Consolidated Adjusted EBITDA $7.25 - $7.75 $7.90 - $8.40 $1,416 Distributable Cash Flow $4.75 - $5.25 $5.
Slide 6: SPL Expansion Phase 1 Advancing Towards FID
SPL Expansion Phase 1 Advancing Towards FID SPL Expansion Phase 1 Updates ✓ Signed ~$4.7 billion lump sum turnkey EPC contract with Bechtel in May 2026 ✓ Issued LNTP to Bechtel to commence Phase 1 early engineering & equipment procurement in May 2026 Phase 1 (Train 7) ▪ Baker Hughes to supply gas tu
Slide 7: Commercial Update
Commercial Update Anatol Feygin, EVP and CCO
Slide 8: Middle East Disruption Alters Global LNG Market Dynamics
Middle East Disruption Alters Global LNG Market Dynamics Strait of Hormuz Tanker Transits Global LNG Export Changes Record U.S. Exports to Asia in 2Q SoH Outbound Tanker Crossing Count (10-day MA) Global Supply Variance (2Q 2026 vs 2Q 2025) Quarterly U.S. Exports to Asia vs Europe MT MT 18 Pre-war S
Slide 9: Demand Resilience Supports Long-Term LNG Supply Growth
Demand Resilience Supports Long-Term LNG Supply Growth Demand Resiliency Across Regions Recent FID Activity Enhances Supply Resiliency Changing Sources of Global LNG Supply 1H 2026 vs 1H 2021 – 2025 Demand Volume of LNG Project FIDs by Year LNG Capacity by Major Supplier MT MT MT 80 90 300 Russia Pi
Slide 10: Financial Review
Financial Review Zach Davis, EVP and CFO
Slide 11: Second Quarter 2026 Financial Highlights
Second Quarter 2026 Financial Highlights Summary Results Key 2Q 2026 Financial Updates ($ millions, except per share and LNG data) 2Q 2026 2Q 2025 1H 2026 1H 2025 ✓ Invested ~$1.1 billion of growth capex, including ~$219 million equity funded ✓ Returned ~$666 million to shareholders in 2Q 2026 Reven
Slide 12: Full Year 2026 Guidance
Full Year 2026 Guidance Full Year 2026 Financial Guidance Key Drivers of Today’s Increase ($ billions, except per unit data) February Guidance May Guidance Revised FY 2026 ✓ Increased & tightened full year 2026 production forecast due to improved reliability, realized Consolidated Adjusted EBITDA $6
Slide 13: Cheniere Energy, Inc.
Cheniere Energy, Inc. Second Quarter 2026 August 6, 2026
Slide 14: Appendix
Append ix CHENIERE
Slide 15: Cheniere LNG Exports
Cheniere LNG Exports >4,940 Cargoes Exported from our Liquefaction Projects Cheniere LNG Exports by Destination MT 14 12 10 8 6 4 2 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2022 2023 2024 2025 2026 Europe Asia Latin America MENA Cheniere Destinations Source: Cheniere Research. 15 Note
Slide 16: Industry Leading U.S. LNG Export Platform
Industry Leading U.S. LNG Export Platform Corpus Christi LNG Terminal Sabine Pass Liquefaction >24 MTPA total production capacity >30 MTPA total production capacity in operation in operation >1,480 cargoes produced & exported >3,460 cargoes produced & exported >6 MTPA under construction or in Up to
Slide 17: Cheniere's Balanced Capital Allocation Philosophy
Cheniere’s Balanced Capital Allocation Philosophy Operational Excellence + Relentless Focus on Safety Cash Flow Visibility ✓ Best-in-class operations and safety at the foundation ✓ Unmatched contracted portfolio ensures cash flow resiliency Long-Term Take-or-Pay Style Fixed Fee Cash Flows Investment
Slide 18: Cheniere 2Q 2026 Debt Summary
Cheniere 2Q 2026 Debt Summary Cash Balance: ~$1.1B1 Cheniere Energy, Inc. Cheniere Energy, Inc. $1.5B Notes due 2028 (4.625%) (NYSE: LNG) $1.5B Notes due 2034 (5.650%) $1.0B Notes due 2036 (5.200%) $0.75B Notes due 2056 (6.000%) Cheniere Corpus Christi Holdings, LLC $1.75B Senior Unsecured Revolving
Slide 19: Run-Rate Guidance Update
Run-Rate Guidance Update Assumes CMI Run-Rate of $2.50 - $3.00 / MMBtu 9 Trains + Stage 3 + CCL Midscale 8 & 9 + 9 Trains + Stage 3 + Debottlenecking + CCL Midscale 8 & 9 + CCL Expansion Phase 1 + Debottlenecking SPL Expansion Phase 1 ($ billions, unless otherwise noted) (Full Year) (Full Year) Liqu
Slide 20: Reconciliation to Non-GAAP Measures
Reconciliation to Non-GAAP Measures 20
Slide 21: Reconciliation to Non-GAAP Measures (Continued)
Reconciliation to Non-GAAP Measures (Continued) Regulation G Reconciliations This presentation contains non-GAAP financial measures. Consolidated Adjusted EBITDA, Adjusted Net Income, Distributable Cash Flow, Distributable Cash Flow per Share, and Distributable Cash Flow per Unit are non-GAAP financ
Slide 22: Investor Relations Contacts
Investor Relations Contacts Randy Bhatia Vice President, Investor Relations and Communications – (713) 375-5479, randy.bhatia@cheniere.com Frances Smith Director, Investor Relations – (713) 375-5753, frances.smith@cheniere.com John Naumovski Lead Analyst, Investor Relations – (713) 375-5087, john.na