Filing Flows

Filing Flows › Companies › Cheniere Energy › Cash flow

Cheniere Energy cash flow, quarter by quarter

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

Free cash flow$1.7B in Q3 2026 · $3.8B over twelve months

Operating cash flow$2.5B
Capital spending−$732M
Free cash flow+$1.7B
Cash / net income1.7×
Cash conversion cycle30 days

Analysis

In Q3 2026, Cheniere Energy generated $2.5B of operating cash flow and spent $732M on capital projects, leaving free cash flow of $1.7B. That is $996M more than in Q3 2025 ($738M).

Over the twelve months to Sep 30, 2026, operating cash flow was $7.2B; the largest uses were capital spending ($3.4B), buybacks ($2.9B), partners ($797M); besides operations, cash came from net borrowing (+) / repaid (−) ($1.4B); the cash balance rose by $658M.

Operating cash flow was $2.5B against net income of $1.5B — 1.7× profit, cash ran ahead of reported earnings. The largest differences: payables +$492M, depreciation & amortization +$393M, receivables −$91.0M.

Its cash conversion cycle was 30 days (receivables 20 + inventory 21 − payables 10).

Free cash flow

Cheniere Energy: free cash flow by quarterCheniere Energy: free cash flow by quarter$1.1BQ4 2024$605MQ1 2025−$193MQ2 2025$738MQ3 2025$1.3BQ4 2025$344MQ1 2026$398MQ2 2026$1.7BQ3 2026
Operating cash flow less capital spending.
Cheniere Energy: operating cash flow against capital spendingCheniere Energy: operating cash flow against capital spendingOperating cash flowCapital spending$1.6B$569MQ4 2024$1.2B$623MQ1 2025$831M$1.0BQ2 2025$1.4B$687MQ3 2025$2.1B$744MQ4 2025$1.1B$736MQ1 2026$1.6B$1.2BQ2 2026$2.5B$732MQ3 2026
Latest (Q3 2026): Operating cash flow $2.5B, Capital spending $732M.

Capital allocation, year by year

Cheniere Energy: where the cash came from (up) and went (down), by fiscal yearCheniere Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingBuybacksDividendsFY2021: Operating cash flow $2.5BFY2021: Net borrowing −$899MFY2021: Capital spending −$966MFY2021: Buybacks −$9.0MFY2021: Dividends −$85.0M$2.5BFY2021FY2022: Operating cash flow $10.5BFY2022: Net borrowing −$5.2BFY2022: Capital spending −$1.8BFY2022: Buybacks −$1.4BFY2022: Dividends −$349M$10.5BFY2022FY2023: Operating cash flow $8.4BFY2023: Net borrowing −$1.2BFY2023: Capital spending −$2.1BFY2023: Buybacks −$1.5BFY2023: Dividends −$393M$8.4BFY2023FY2024: Operating cash flow $5.4BFY2024: Net borrowing −$796MFY2024: Capital spending −$2.2BFY2024: Buybacks −$2.3BFY2024: Dividends −$412M$5.4BFY2024FY2025: Operating cash flow $5.5BFY2025: Net borrowing −$178MFY2025: Capital spending −$3.1BFY2025: Buybacks −$2.7BFY2025: Dividends −$451M$5.5BFY2025
Over these 5 years operating cash flow totalled $32.3B; the largest uses were capital spending ($10.2B) and net borrowing ($8.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.7B
Debt$22.6B
Net debt$20.9B
Due within a year$307M

Cheniere Energy funds itself: free cash flow was $3.8B over the last twelve months, and $1.7B of cash and investments stands against $22.6B of debt ($307M due within a year, 5.4× covered by cash).

Cheniere Energy: debt maturities by year (FY2025)Cheniere Energy: debt maturities by year (FY2025)$307MYear 1$2.9BYear 2$3.6BYear 3$2.9BYear 4$2.3BYear 5$10.9BAfter year 5
Principal due in each year as disclosed in the annual report, against $1.7B of cash and investments now.

Where the cash came from and went

Cheniere Energy: sources (+) and uses (−) of cash, Q3 2026Cheniere Energy: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$2.5BCapital spending−$732MBuybacks−$706MCash drawn (+) / kept (−)−$537MPartners−$200MNet borrowing (+) / repaid (−)−$119MDividends−$114MOther financing−$32.0MOther investing−$26.0MTaxes on employees’ shares−$3.0MExchange rates$3.0M
Cheniere Energy: sources (+) and uses (−) of cash, TTM to Q3 2026Cheniere Energy: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$7.2BCapital spending−$3.4BBuybacks−$2.9BNet borrowing (+) / repaid (−)$1.4BPartners−$797MCash drawn (+) / kept (−)−$658MDividends−$466MOther financing−$306MOther investing−$42.0MTaxes on employees’ shares−$41.0M

From profit to cash

Cheniere Energy: net income to operating cash flow, Q3 2026Cheniere Energy: net income to operating cash flow, Q3 2026Net income$1.5BDepreciation & amortization$393MStock-based pay$75.0MDeferred taxes$69.0MOther non-cash$14.0MReceivables−$91.0MInventory−$9.0MPayables$492MOperating cash flow$2.5B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202620211030
Q2 20261814555108
Q1 2026187222
Q4 202517632655

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.5B−$732M−$706M−$114M−$119M−$537M$1.7B
Q2 2026$1.6B−$1.2B−$576M−$116M$308M$249M$398M
Q1 2026$1.1B−$736M−$537M−$117M$940M−$184M$344M
Q4 2025$2.1B−$744M−$1.0B−$119M$250M−$186M$1.3B
Q3 2025$1.4B−$687M−$997M−$109M—$619M$738M
Q2 2025$831M−$1.0B−$327M−$111M—$851M−$193M
Q1 2025$1.2B−$623M−$363M−$112M−$300M$322M$605M
Q4 2024$1.6B−$569M−$281M−$112M−$350M−$114M$1.1B

Cheniere Energy: income statement and cash flow

Cheniere Energy, Q3 2026: revenue $6.2B (+39% year over year), operating margin 31.0%. The chart follows the revenue to costs, profit and cash.

Cheniere Energy: 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.