Cheniere Announces Upsized Share Repurchase Authorization and Planned Increase in Dividend

Continued Execution on '20/20 Vision' Comprehensive Long-Term Capital Allocation Plan

• Increasing share repurchase authorization by an additional $4 billion through 2027

• Plan to increase third quarter 2024 dividend by ~15% to $2.00 per common share annualized (1)

Houston - June 17, 2024

Cheniere Energy, Inc. ("Cheniere") (NYSE: LNG) announced today that its Board of Directors has approved an increase in its share repurchase authorization by an additional $4 billion through 2027, and a plan to increase its quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter 2024.

Today's announcement highlights Cheniere's robust cash flow generation and visibility while demonstrating further execution on Cheniere's '20/20 Vision' capital allocation plan (the "Plan"). Introduced in 2022, the Plan is designed to enable continued investment in Cheniere's robust and accretive organic growth project pipeline, return meaningful capital to shareholders via share repurchases and a stable and growing dividend, and achieve and maintain investment grade credit metrics. Since the Plan's announcement, Cheniere has funded accretive, brownfield growth, bringing the Corpus Christi Stage 3 Project to over 60% complete (2), repurchased approximately 10% of shares outstanding while growing its dividend by over 30%, and achieved investment grade ratings throughout the corporate structure.

"These increases reflect the continued follow through with our '20/20 Vision' capital allocation plan, which is enabled by Cheniere's outstanding financial performance, as well as our steadfast commitment to safety and operational excellence throughout our business. The new repurchase authorization will enable us to further reduce share count, and the increased dividend will enhance capital returns while retaining significant financial flexibility to fund accretive growth," said Zach Davis, Cheniere's Executive Vice President and Chief Financial Officer. "This announcement solidifies our line of sight towards the goals of the capital allocation plan to maximize shareholder value by deploying over $20 billion of available cash towards accretive growth, capital returns, and a sustainable investment grade balance sheet, in order to generate over $20 per share in run-rate distributable cash flow for shareholders."

Members of Cheniere's executive management are scheduled to present at the 2024 J.P. Morgan Energy, Power and Renewables Conference in New York City on June 18, 2024 at 11:30 AM Eastern Time. Related presentation materials are available on the Cheniere website at

(1) Subject to declaration by Board of Directors.

(2) Corpus Christi Stage 3 project completion is as of May 31, 2024 and reflects engineering 92.9% complete, procurement 78.0% complete, subcontract 82.1% complete and construction 22.3% complete.

About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of LNG in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 mtpa of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at and Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, filed with the Securities and Exchange Commission.

Cheniere Energy, Inc. press release