Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates [Yahoo! Finance]
Cheniere Energy, Inc. (LNG)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
This underperformance can be primarily attributed to a year-over-year increase in costs and expenses. The bottom line also deteriorated from the year-ago quarter's level of $6.89. Revenues totaled $4.3 billion, which beat the Zacks Consensus Estimate of $4 billion. This was primarily due to gas export revenues of $4 billion, which beat the consensus estimate by 7.1%. However, the top line decreased 41.8% from the year-ago quarter's level of $7.1 billion. This can be attributed to the year-over-year reduction in liquid natural gas sales. Cheniere reported consolidated adjusted EBITDA of $1.8 billion in the first quarter, down 50.7% from that recorded a year ago. The decline was primarily caused by the moderation of global gas prices and the increased proportion of liquid natural gas sales under long-term contracts. This resulted in lower overall margins per MMBtu of liquid natural gas delivered compared to the previous period. Distributable cash flow (DCF) came in at $1.16 billio
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LNG
News
- Cheniere Energy, Inc. (NYSE: LNG) had its price target raised by analysts at JPMorgan Chase & Co. from $213.00 to $214.00. They now have an "overweight" rating on the stock.MarketBeat
- Is Cheniere Energy, Inc. (NYSE:LNG) Trading At A 30% Discount? [Yahoo! Finance]Yahoo! Finance
- Cheniere Partners announces offering of senior notes due 2034 [Seeking Alpha]Seeking Alpha
- Cheniere Partners Announces Offering of Senior Notes due 2034 [Yahoo! Finance]Yahoo! Finance
- Cheniere Energy, Inc. (NYSE: LNG) had its price target raised by analysts at Stifel Nicolaus from $204.00 to $208.00. They now have a "buy" rating on the stock.MarketBeat
LNG
Earnings
- 5/3/24 - Miss
LNG
Sec Filings
- 5/14/24 - Form 4
- 5/9/24 - Form 8-K
- 5/3/24 - Form 8-K
- LNG's page on the SEC website