Cheniere Energy posts Q2 profit on strong LNG demand [Reuters]
Cheniere Energy, Inc. (LNG)
NASDAQ:AMEX Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101667&p=irol-irhome
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Source: Reuters
(Reuters) - Liquefied natural gas exporter Cheniere Energy Inc reported a second-quarter profit on Thursday, boosted by surging demand from buyers seeking to offset gas shortages from Russia. Western sanctions imposed on Moscow in response to its war on Ukraine has fueled a scramble for alternatives to Russian gas, sending global gas prices soaring, with forecast for LNG demand expected to double by 2040. The United States, which has committed to deliver additional liquefied natural gas (LNG) to European countries, became the top exporter of the supercooled fuel in the first half of 2022. Cheniere, which accounts for around 50% of U.S shipments of LNG, said it loaded 570 trillion British thermal unit (TBtu) of LNG volumes, up from 499 TBtu a year earlier. The Houston-based company's quarterly net income attributable to common stockholders came in at $741 million, or $2.9 per share, compared with a loss of $329 million, or $1.30 per share, a year earlier. Reporting by Rithik
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LNG
News
- Cheniere Energy, Inc. (NYSE: LNG) is now covered by analysts at Redburn Atlantic. They set a "neutral" rating and a $162.00 price target on the stock.MarketBeat
- Cheniere Energy (LNG) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- Cheniere Energy, Inc. (NYSE: LNG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Want Better Returns? Don't Ignore These 2 Oils-Energy Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- With 89% institutional ownership, Cheniere Energy, Inc. (NYSE:LNG) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
LNG
Earnings
- 2/22/24 - Beat
LNG
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/5/24 - Form 3
- LNG's page on the SEC website