of our continue execution the which our team’s dedication to as be all for accomplishments, financial and operational our I’m customers results seamless to Thanks, financial Anatol quarter products and today and while are morning, discipline excellence, review to pleased everyone. long-term here stakeholders. we XXXX serve across value world to second creating key our good of
Turning to XX. Slide
For income $X.X EBITDA the flow and second we approximately consolidated quarter, billion. of billion, approximately $X.X of distributable generated approximately $X.X adjusted cash of net billion
international volumes less quarter. higher markets, being Relative LNG as during prices major to SPL the reflect impact gas the turnaround a moderation cost under sold production quarter continued long-term recent well being second our of quarters, short-term into contracts, at from operating proportion our the and results as sold of
cargoes year of margins partially and our again, and portion in offset in large above is open last today. the a quarter, market the this year proactive the for were earlier late what of these by Once impacts locking
LNG, second with in Approximately greater initial these TBtu TBtu long-term the we sold parties. income XXX TBtu and recognized in During of projects terms sourced XX our income quarter, XX-years. physical IPM agreements including XX% or third volumes recognized under XXX than LNG from were SPA of from
are in LNG noted sales prior impacts our income to our and impacted related the net the by primarily accounting under gas long-term natural is the unrealized, revenue sale have derivative corresponding items, our agreements. of calls, and methodology which the mismatch we reported purchase As IPM of for of line non-cash cost earnings of to
volatility valuation curves The row. gas quarter and international moderation mark-to-market further the benefit of item in these serve in price decline net for second increasing quarter of the third sustained the our throughout to agreements, a income line
have With trailing three quarters $X.X the income positive approximately four XX-months reported net and in net quarter now today’s have earned of on cumulative results, quarterly for income a a basis, row. we and cumulative trailing billion
to continue our balance and strengthening to plan, capital quarter, pursuing capital shareholder increasing deploy sheet we comprehensive returns, growth. pursuant our Throughout accretive the allocation
refinanced SPL capacity at senior CQP the we These further and at facilities credit replaced of with more unsecured our $X and billion project some our our facility the some a and original a senior from SPL. borrowing and June, parent, In billion to CQP secured terms. secured with desecured extended $X migrated enhanced maturities, facility liquidity capacity new existing at flexible transactions
combined cash platform These continue second capital as optionality largest allocation constructing facilities, and execute on while provide hand, the us world. on available and facilities, CCH and the credit in to operating our LNG our new effectively greater the plan ample long-term liquidity, we with affording even consolidated CEI
XXXX at level, $X.X our addressed X.XX% due of these at unsecured we senior $XXX program. was Substantially During the million market quarter, secured portion all we over a notes notes open offering parent SPL. repaid to repurchase of inaugural at senior the through which CQP. long-term billion further opportunistically notes June, of our the used with a in little In indebtedness repurchase investment-grade of
desecuring refinance $X.X only are from all sheet, of to three sheet our net set billion notes, proceeds extending also balance the redeem SPL which our the allocation further XXXX desubordinating key tenets of to not approximately this capital maturity forth used our but The in strategy balance and offering further plan. and were
previous we maturities calls, which delever discussed after and of notes next, with our all address market through cash meantime, can we utilizing on into continue later hand balance point, the we to plan In to remaining year As will program. you XXXX. addressed on open repurchase opportunistically have this XXXX will SPL expect early the the
Moody’s Fitch our structure announced at the which, ratings corporate solidify our CCH week, grade. and BBB-, CCH last line CEI upgraded, just April, Fitch. front, from if as bringing to ratings investment that BBB further In would On under were project level review, upgraded in
As now across our noted have on achieved structure. the last we investment-grade call, ratings that corporate
Going a forward, targeting share of buybacks one-to-one ratio we and an deleveraging aggregate basis. are on
During X.X million million. $XXX the approximately for approximately stock quarter, we of shares repurchased common
As in year opportunistic likely achieve order where trade plan one-to-one two time. next noted, that have there we a our repayment repurchase will outpace catch-up ratio, that or will previously be the over to over debt
billion $X.X confident to repurchase are approximately to will billion We remaining remains company as our deploy plan of ahead the we our share intact. $X of of repurchase that schedule, authorization the goal complete XX% our
declared year, Stage-X. annually our of our through by also eighth second approximately of per of expect we with common quarter up step the XX% into previous last $X.XXX the this share able mid-XXXXs guidance week. the growing dividend construction Later dividend our in quarterly We line for to dividend to be
form the our with final of plan, the quarter. approximately And hand on Stage-X most pillar the we as of for capital funding cash of during $XXX this CapEx disciplined at comprehensive quarter during million growth, our the project efficient allocation funded remained
that years. we term the will $X have plan to coming loan available on However, utilize in our over billion CCH we
made million on are progress timing those ahead to ability schedule. bring As our Cheniere the to tons optimistic over Jack meaningful and another have market XX year-to-date, and of teams we of the so volumes Bechtel mentioned,
flow. $X.X of the of consolidated billion on Slide LNG billion respect open guidance billion I remainder you have remainder $X.X and our remaining. $X.X capacity an year. now full-year XX, to XXXX our to guidance in EBITDA for to the distributable unsold are billion immaterial million $XXX year, discuss With will and cash Turning XXXX in for raising the $X.X our sensitivity we to EBITDA we our adjusted amount by to the ranges of where update Today,
excellent for further So from incremental year to these and Combined for today. in margin with optimization origination. we financial this in ranges activities, expected the have gives year our delivering visibility results clarity us comfortably the originally the results increase around of ranges the our and for cargoes supports reserved
downstream impacted always, of XXXX of timing into be by facilities. cargoes certain from results of our could optimization the incremental as further and margin year-end heading well As as our upstream
also the the XXXX cash distributable be any under in Our flow IRA. changes tax affected by code for could
current tax law provided the based on of year. minimum which XX% However, tax this qualify we would today guidance the not is IRA for guidance the in corporate
the our timing noted previously, dynamics mainly as generation as both However, our and our materially would cash allocation we these mid-XXXX affect Vision overall of XXXX cumulative impact and not capital goals. through think plan flow about
this to in additional full-year open next we past February. Similar providing and capacity on QX out our on financial XXXX and November, our XXXX with insight in look official XXXX our year, guidance with come to call to results forward production profile
to including tons As forecasted, most per end vision, XXXX XXXX, consistently LNG basis, over is percentage ever coming we may annum. and up online year our to our our portfolio grow Stage-X on which XX in a of operating ahead contracted million have XXXX expected being XXXX in
some higher a is many global of clearly calling given competition, cost costs advantages for inflation, supplies Despite borrowing the near-term primary the challenges like energy LNG the and gas source. in market new as market natural
of for committed for choice for deliver come. the energy providing our developing appropriate and and our facilities culture to safety to with projects positioned decades that stakeholders well are be investors in and and we Cheniere, and first order customers, maintaining At the LNG returns our building operating to solutions provider risk-adjusted
for ready the to That are line your Operator, time interest you and Thank remarks. prepared Cheniere. questions. for concludes open in your our we
