Flow

2024

Billion

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<p class="has-drop-cap">Cheniere Energy, Inc. (NYSE: LNG) has recently disclosed its financial outcomes for the <a href="https://lngir.cheniere.com" target="_blank" aria-label="first quarter of 2024 (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">first quarter of 2024</a>, showcasing a robust performance that underscores the company’s strong position in the global liquefied natural gas (LNG) market.</p>
<p>During this period, Cheniere reported remarkable revenues of approximately $4.3 billion, an impressive net income of around $0.5 billion, and a solid Consolidated Adjusted EBITDA of approximately $1.8 billion.</p>
<p>Furthermore, the company generated a Distributable Cash Flow of about $1.2 billion, indicating a healthy financial status and operational efficiency. These results reflect Cheniere’s adept management and strategic operations, positioning it as a leading provider of LNG with a significant competitive edge in the energy sector.</p>
<p>In addition to its financial achievements, Cheniere has confidently reconfirmed its full-year 2024 financial guidance, projecting a Consolidated Adjusted EBITDA ranging between $5.5 billion to $6.0 billion and a Distributable Cash Flow between $2.9 billion to $3.4 billion.</p>
<p>This forward-looking stance is supported by the company’s comprehensive capital allocation plan, which saw the repurchase of approximately 7.5 million shares of common stock for about $1.2 billion, the prepayment of $150 million of consolidated long-term indebtedness, and the payment of a quarterly dividend of $0.435 per share of common stock.</p>
<h3 id="cheniere-energy-outperforms-revenue-expectations-in-q1-eps-miss">Cheniere Energy Outperforms Revenue Expectations in Q1, EPS Miss</h3>
<p>Cheniere’s performance in the first quarter notably exceeded revenue expectations ($4.25 billion reported against $3.97 billion expected) with the actual earnings per share (<a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of $2.13 falling short of the expected $2.29.</p>
<p>The comparison of these results against market expectations underscores Cheniere’s robust business model and its adeptness in navigating the complexities of the energy sector.</p>
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<h3 id="cheniere-s-guidance-for-full-year-2024-remains-optimistic">Cheniere’s Guidance for Full Year 2024 Remains Optimistic</h3>
<p>Looking ahead, Cheniere’s guidance for the full year 2024 remains optimistic, with the company poised to achieve its projected financial targets. This optimism is rooted in the company’s strategic initiatives and operational efficiencies, which are expected to continue driving growth and profitability. <br><br>Cheniere’s focus on excellence in execution across its operations, construction, and project development initiatives is pivotal to its success.</p>
<p>The company’s ongoing pursuit of LNG capacity expansions at both Sabine Pass and Corpus Christi further exemplifies its commitment to enhancing energy security, reliability, and environmental benefits for its customers. With a proven track record and a clear strategic vision, Cheniere is well-positioned to navigate the future challenges and opportunities within the global LNG market, thereby delivering sustained value to its stakeholders.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/cheniere-energy-lng-reports-4-25-billion-in-revenue-for-q1-eps-miss/">Cheniere Energy (LNG) Reports $4.25 Billion in Revenue for Q1, EPS Miss</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Cheniere Energy (LNG) Reports $4.25 Billion in Revenue for Q1, EPS Miss

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