Overview
- The company posted Q3 2025 revenue of $3.33 billion, net income of $429 million and Consolidated Adjusted EBITDA of $1.53 billion.
- Exports reached a quarterly record of 100 cargoes (372 TBtu), and full‑year shipments are now guided to 382–386 as Plaquemines ramps with 34 of 36 trains producing.
- Full‑year Consolidated Adjusted EBITDA guidance was tightened to $6.35–$6.50 billion, reflecting higher U.S. gas prices, accounting reserves tied to arbitrations and two DES deliveries shifted into early 2026.
- CP2 LNG and the CP Express Pipeline reached FID for Phase 1 with $15.1 billion in project financing, following final DOE non‑FTA export authorization.
- Liquidity strengthened with a $2 billion corporate revolver, $1.575 billion raised via the Blackfin Pipeline JV including an $889 million distribution, $4.0 billion in Plaquemines secured notes, and Calcasieu Pass marked its 500th cargo on Nov. 8.