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Houston based Cheniere Energy  reported lower than expected second quarter earnings Thursday. $LNG however reduced its loss from higher LNG revenue and gains on derivatives. and the natural gas company maintained guidance for global demand.

Cheniere LNG

Cheniere Energy, Inc. NYSEAMERICAN: LNG Missed Earnings Befpre Open THursday

($0.07) Missed $0.32 EPS and $1.54 billion Missed $1.61 billion forecast in revenue 


Cheniere Energy reported a net loss of $18 million, or $0.07 per share (basic and diluted), for the three months ended June 30, 2018, compared to a net loss of $285 million, or $1.23 per share (basic and diluted), for the comparable 2017 period. $LNG posted revenue of $1.54 billion short of Street forecasts of $1.61 billion. EPS also fell short with estimates of seven analysts looking for earnings of 32 cents per share.

Cheniere Energy, Inc. NYSEAMERICAN: LNG

Market Reaction - After hours $60.90 +$0.50 +(0.83%)


“The second quarter was highlighted by the achievement of a positive FID on Train 3 at the CCL Project, which reinforces our position as the leader in U.S. LNG. We continue to see significant opportunities in the market today, and we are leveraging our world-class LNG platform to deliver on our growth plans.”

The decrease in net loss was primarily due to increased income from operations as a result of additional Trains in operation at the SPL Project, increased derivative gain, decreased loss on modification or extinguishment of debt, and decreased net income attributable to non-controlling interest, partially offset by increased interest expense, net of amounts capitalized.

Cheniere Q2 Sabine pass

Earnings and Guidance

 Cheniere Q2 Earnings

Cheniere Q2 Trains

About Cheniere

Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana. Directly and through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing, constructing, and operating liquefaction projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal, respectively. Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business.

Source: Cheniere

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