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Cheniere Corpus Christi Holdings, LLC cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$483M in Q3 2026 · $176M over twelve months

Operating cash flow$892M
Capital spending−$409M
Free cash flow+$483M
Cash / net income1.6×
Cash conversion cycle19 days

Analysis

In Q3 2026, Cheniere Corpus Christi Holdings, LLC generated $892M of operating cash flow and spent $409M on capital projects, leaving free cash flow of $483M. That is $457M more than in Q3 2025 ($26.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $2.8B; the largest uses were capital spending ($2.6B), other financing ($686M), other investing ($11.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($550M); the cash balance rose by $29.0M.

Operating cash flow was $892M against net income of $555M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: payables +$285M, depreciation & amortization +$173M, receivables −$44.0M.

Its cash conversion cycle was 19 days (receivables 21 + inventory 10 − payables 12).

Free cash flow

Cheniere Corpus Christi Holdings, LLC: free cash flow by quarterCheniere Corpus Christi Holdings, LLC: free cash flow by quarter$239MQ4 2024$82.0MQ1 2025−$298MQ2 2025$26.0MQ3 2025−$113MQ4 2025$32.0MQ1 2026−$226MQ2 2026$483MQ3 2026
Operating cash flow less capital spending.
Cheniere Corpus Christi Holdings, LLC: operating cash flow against capital spendingCheniere Corpus Christi Holdings, LLC: operating cash flow against capital spendingOperating cash flowCapital spending$594M$355MQ4 2024$372M$290MQ1 2025$512M$810MQ2 2025$585M$559MQ3 2025$526M$639MQ4 2025$739M$707MQ1 2026$600M$826MQ2 2026$892M$409MQ3 2026
Latest (Q3 2026): Operating cash flow $892M, Capital spending $409M.

Capital allocation, year by year

Cheniere Corpus Christi Holdings, LLC: where the cash came from (up) and went (down), by fiscal yearCheniere Corpus Christi Holdings, LLC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2021: Operating cash flow $1.4BFY2021: Net borrowing −$38.0MFY2021: Capital spending −$238M$1.4BFY2021FY2022: Operating cash flow $1.7BFY2022: Net borrowing −$2.0BFY2022: Capital spending −$981M$1.7BFY2022FY2023: Operating cash flow $1.8BFY2023: Net borrowing −$498MFY2023: Capital spending −$1.7B$1.8BFY2023FY2024: Operating cash flow $1.8BFY2024: Capital spending −$1.8B$1.8BFY2024FY2025: Operating cash flow $2.0BFY2025: Net borrowing $550MFY2025: Capital spending −$2.3B$2.5BFY2025
Over these 5 years operating cash flow totalled $8.7B; the largest uses were capital spending ($7.0B) and net borrowing ($2.5B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$95.0M
Debt$3.6B
Net debt$3.5B
Due within a year$1.2B

Cheniere Corpus Christi Holdings, LLC funds itself: free cash flow was $176M over the last twelve months, and $95.0M of cash and investments stands against $3.6B of debt ($1.2B due within a year, 0.1× covered by cash).

Cheniere Corpus Christi Holdings, LLC: debt maturities by year (FY2025)Cheniere Corpus Christi Holdings, LLC: debt maturities by year (FY2025)$1.3BYear 2$629MYear 3$1.3BYear 4$181MYear 5$2.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $95.0M of cash and investments now.

Where the cash came from and went

Cheniere Corpus Christi Holdings, LLC: sources (+) and uses (−) of cash, Q3 2026Cheniere Corpus Christi Holdings, LLC: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$892MOther financing−$477MCapital spending−$409MNet borrowing (+) / repaid (−)−$65.0MCash drawn (+) / kept (−)$65.0MOther investing−$6.0M
Cheniere Corpus Christi Holdings, LLC: sources (+) and uses (−) of cash, TTM to Q3 2026Cheniere Corpus Christi Holdings, LLC: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$2.8BCapital spending−$2.6BOther financing−$686MNet borrowing (+) / repaid (−)$550MCash drawn (+) / kept (−)−$29.0MOther investing−$11.0M

From profit to cash

Cheniere Corpus Christi Holdings, LLC: net income to operating cash flow, Q3 2026Cheniere Corpus Christi Holdings, LLC: net income to operating cash flow, Q3 2026Net income$555MDepreciation & amortization$173MOther non-cash$8.0MReceivables−$44.0MInventory$17.0MPayables$285MOperating cash flow$892M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202621101219
Q1 2026133114
Q3 2025121015657
Q1 2025138516
Q4 202412392526

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$892M−$409M−$65.0M$65.0M$483M
Q2 2026$600M−$826M$65.0M$61.0M−$226M
Q1 2026$739M−$707M—−$26.0M$32.0M
Q4 2025$526M−$639M$550M−$129M−$113M
Q3 2025$585M−$559M—−$20.0M$26.0M
Q2 2025$512M−$810M—$28.0M−$298M
Q1 2025$372M−$290M—$39.0M$82.0M
Q4 2024$594M−$355M—−$35.0M$239M

Cheniere Corpus Christi Holdings, LLC: income statement and cash flow

Cheniere Corpus Christi Holdings, LLC, Q3 2026: revenue $2.7B (+84% year over year), operating margin 21.2%. The chart follows the revenue to costs, profit and cash.

Cheniere Corpus Christi Holdings, LLC: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.