CQP: the cash flow

MyFinsight

For the quarter ending 2026-03-31, CQP had $100M increase in cash & cash equivalents over the period. $879M in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income	186	1,287	506	1,194
Depreciation and amortization expense	174	173	173	342
Amortization of discount and debt issuance costs	6	5	6	12
Total losses on derivative instruments, net	-665	632	-12	121
Net cash used for settlement of derivative instruments	21	23	-19	13
Other Noncash Income Expense	-5	-7	-10	-9
Trade and other receivables	-229	152	98	-119
Trade and other receivablesaffiliate	73	27	63	-16
Trade receivablesrelated party	0	0	0	-1
Advances to affiliates	-2	0	-31	79
Inventory	-29	33	-6	3
Accounts payable and accrued liabilities	-246	290	39	-169
Accounts payable and accrued liabilitiesrelated party	0	0	0	-5
Due to affiliates	-20	-	-	-
Total deferred revenue	-28	-32	36	-16
Increase Decrease In Other Operating Capital Net	-6	-6	20	39
Other, netaffiliate	4	-18	-1	25
Net cash provided by operating activities	910	887	658	1,223
Property, plant and equipment	31	23	48	128
Other, net	2	1	1	3
Net cash used in investing activities	-33	-24	-49	-131
Proceeds from issuances of debt and borrowings	0	0	997	265
Redemptions and repayments of debt	253	300	1,052	565
Debt issuance and other financing costs	-	-	13	0
Distributions	522	525	514	1,025
Other	-2	-14	-7	-2
Net cash used in financing activities	-777	-826	-589	-1,327
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	100	37	20	-235
Cash, cash equivalentsbeginning of period	201	215	379	-
Cash, cash equivalentsend of period	301	37	164	-

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.