Cheniere Corpus Christi Holdings, LLC

CIK:0001693317|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Revenues	$ 2,255	$ 1,515	$ 4,839	$ 3,101
Operating costs and expenses
Cost of sales	(266)	(488)	5,099	1,077
Operating and maintenance expense	225	184	437	364
General and administrative expense	18	14	35	26
Depreciation and amortization expense	161	124	313	242
Total operating costs and expenses	138	(166)	5,884	1,709
Operating Loss, Total	2,117	1,681	(1,045)	1,392
Other income (expense)
Interest Expense, Nonoperating	(25)	(9)	(41)	(13)
Loss on modification or extinguishment of debt	(11)	0	(28)	0
Other income, net	4	18	6	21
Total other income (expense)	(32)	9	(63)	8
Net income (loss)	2,085	1,690	(1,108)	1,400
Nonrelated Party [Member]
Operating costs and expenses
Cost of sales	(418)	(488)	4,801	1,047
Operating and maintenance expense	172	142	334	283
General and administrative expense	2	2	4	3
Other income (expense)
Other income, net	3	2	4	5
Affiliate [Member]
Operating costs and expenses
Cost of sales	152	0	298	30
Operating and maintenance expense	42	34	84	65
General and administrative expense	16	12	31	23
Other income (expense)
Other income, net	1	16	2	16
Related Party [Member]
Operating costs and expenses
Operating and maintenance expense	11	8	19	16
LNG [Member] \| Nonrelated Party [Member]
Revenues
Revenues	1,202	1,097	2,932	2,175
LNG [Member] \| Affiliate [Member]
Revenues
Revenues	$ 1,053	$ 418	$ 1,907	$ 926

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ (1,108)	$ 1,400
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	313	242
Amortization of discount and debt issuance costs	4	4
Total losses (gains) on derivative instruments, net	2,234	(618)
Net cash provided by (used for) settlement of derivative instruments	(51)	12
Other	31	2
Changes in operating assets and liabilities:
Trade and other receivables	50	(3)
Trade receivables—affiliate	(214)	(8)
Inventory	(26)	(13)
Other current assets	(2)	(19)
Accounts payable and accrued liabilities	119	(58)
Due to affiliates	1	(35)
Accrued liabilities—related party	2	0
Total deferred revenue	(6)	(11)
Other, net	(4)	(27)
Other, net—affiliate	(4)	16
Net cash provided by operating activities	1,339	884
Cash flows from investing activities
Property, plant and equipment, net of proceeds from commissioning sales of LNG of $80 million and $44 million, respectively	(1,533)	(1,100)
Other, net	(1)	(3)
Net cash used in investing activities	(1,534)	(1,103)
Cash flows from financing activities
Proceeds from borrowings	165	0
Repayments of borrowings	(100)	0
Contributions	105	275
Distributions	0	(115)
Other	(10)	(8)
Net cash provided by financing activities	160	152
Net increase (decrease) in restricted cash and cash equivalents	(35)	(67)
Restricted cash and cash equivalents—beginning of period	195	113
Restricted cash and cash equivalents—end of period	$ 160	$ 46

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets
Restricted cash and cash equivalents	$ 160	$ 195
Trade and other receivables, net of current expected credit losses	252	306
Trade receivables—affiliate	551	342
Advances to affiliates	107	100
Inventory	190	168
Current portion of deferred NPNS assets	65	0
Current derivative assets	120	7
Other current assets, net	60	45
Total current assets	1,505	1,163
Property, plant and equipment, net of accumulated depreciation	19,808	18,770
Deferred NPNS assets	1,526	0
Derivative assets	730	3,913
Other non-current assets, net	397	421
Total assets	$ 23,966	$ 24,267
Accounts Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration]	Affiliated Entity [Member]	Affiliated Entity [Member]
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration]	Affiliated Entity [Member]	Affiliated Entity [Member]
Current liabilities
Accounts payable	$ 179	$ 50
Accrued liabilities	738	939
Current debt, net of unamortized discount and debt issuance costs	1,302	0
Current derivative liabilities	211	433
Other current liabilities	71	12
Total current liabilities	2,501	1,434
Long-term debt, net of unamortized discount and debt issuance costs	3,602	5,378
Deferred NPNS liabilities	659	0
Derivative liabilities	272	308
Other non-current liabilities	26	30
Liabilities, Total	7,060	7,150
Member’s equity	16,906	17,117
Total liabilities and member’s equity	23,966	24,267
Nonrelated Party [Member]
Current liabilities
Accrued liabilities	659	752
Other current liabilities	70	11
Other non-current liabilities	25	28
Affiliate [Member]
Current liabilities
Accrued liabilities	75	184
Other current liabilities	1	1
Other non-current liabilities	1	2
Related Party [Member]
Current liabilities
Accrued liabilities	$ 4	$ 3