Cheniere Energy, Inc. has reported its financial results for the fourth quarter and full year 2025. The company achieved a record amount of LNG production in 2025, with 670 cargoes exported and the first 4 trains of the CCL Stage 3 project reaching substantial completion. Revenues for the fourth quarter of 2025 were $5.45 billion, and for the full year 2025, they were $19.98 billion. Net income for the same periods was $2.30 billion and $5.33 billion, respectively. Consolidated adjusted EBITDA was $2.05 billion for the fourth quarter and $6.94 billion for the full year. Distributable cash flow was $1.49 billion for the fourth quarter and $5.29 billion for the full year.
Looking forward, the company introduced its full year 2026 financial guidance, with projected consolidated adjusted EBITDA of $6.75-$7.25 billion and distributable cash flow of $4.35-$4.85 billion. As part of its capital allocation plan, Cheniere deployed approximately $1.7 billion and $6.1 billion towards accretive growth, balance sheet management, and shareholder returns in the three and twelve months ended December 31, 2025, respectively. The company also repurchased approximately 4.8 million and 12.1 million shares of common stock for approximately $1.0 billion and $2.7 billion during the same periods.
In terms of LNG production, the number of cargoes exported increased by 11% in the fourth quarter of 2025 compared to the same period in 2024, and for the full year, the increase was 4%. The volumes of LNG loaded also saw an increase of 12% in the fourth quarter and 4% for the full year compared to the corresponding periods in 2024.
Cheniere's net income increased by 136% in the fourth quarter and 64% for the full year 2025 compared to the same periods in 2024. The consolidated adjusted EBITDA increased by 30% in the fourth quarter and 13% for the full year compared to the corresponding 2024 periods.
Furthermore, the company completed its '20/20 vision' capital allocation plan ahead of schedule, deploying over $20 billion since its announcement in 2022. It also upsized its share repurchase authorization to over $10 billion through 2030, with a $9 billion increase to the authorization. Cheniere is forecasting approximately $30 per common share of run-rate distributable cash flow upon the completion of the new share repurchase authorization and initial phases of the SPL and CCL expansion projects.
Cheniere Energy, Inc. also celebrated the 10th anniversary of its first cargo of LNG, which was exported on February 24, 2016, with over 4,610 cargoes exported to date. The company also signed a new long-term SPA with CPC Corporation, Taiwan, for the delivery of up to 1.2 mtpa of LNG through 2050.
Following these announcements, the company's shares moved 1.95%, and are now trading at a price of $206.70. For more information, read the company's full 8-K submission here.
