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Cheniere Energy (LNG)
NYSE:LNG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.73Last Year’s EPS
$5.76Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 15.11%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
Cheniere Energy demonstrated strong financial performance and operational achievements in Q3 2024, supported by increased guidance, strategic stock repurchases, and a significant milestone in LNG production. While the company faces some geopolitical uncertainties and maintenance challenges, the overall sentiment remains positive due to their successful execution and environmental leadership.Company Guidance
During the Cheniere Energy third quarter 2024 earnings call, the company provided comprehensive guidance with several key metrics. Cheniere reported generating a consolidated adjusted EBITDA of approximately $1.5 billion, a distributable cash flow of about $820 million, and a net income of roughly $900 million for the quarter. The company increased and tightened its full-year guidance ranges for 2024 to $6 billion to $6.3 billion in consolidated adjusted EBITDA and $3.4 billion to $3.7 billion in distributable cash flow. Key drivers for this improved guidance include better-than-expected production, incremental margin, and portfolio optimization activities. Cheniere also highlighted its significant capital allocation efforts, repurchasing nearly $300 million of stock, paying down $150 million of debt, and funding approximately $500 million in CapEx. The company produced and exported 158 LNG cargoes during the quarter, marking the production and export of its 1,000th LNG cargo from Corpus Christi. Looking ahead, Cheniere anticipates 2025 to be a pivotal year with an expected increase in available LNG volumes and a forecast of 47 million to 48 million tonnes of LNG production, driven by the substantial completion of new project stages.Strong Financial Performance
Cheniere reported consolidated adjusted EBITDA of approximately $1.5 billion, distributable cash flow of approximately $820 million, and net income of approximately $900 million for Q3 2024.
Increased 2024 Guidance
Cheniere raised and tightened their full-year guidance to $6 billion to $6.3 billion in consolidated adjusted EBITDA and $3.4 billion to $3.7 billion of distributable cash flow.
Milestone Achievement in LNG Production
Produced and exported 158 LNG cargoes, including the 1,000th LNG cargo from Corpus Christi.
Stock Repurchase and Dividend Increase
Repurchased nearly $300 million of stock, bringing the year-to-date total to approximately $2 billion, and increased the third-quarter dividend by 15% to $2 per share annualized.
Environmental Recognition and Initiatives
Established a voluntary Scope 1 methane emissions intensity target and received an AAA ESG rating from MSCI.
Construction Progress on Stage 3
Corpus Christi Stage 3 project reached approximately 68% completion with pre-commissioning activities underway.
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LNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $181.47 | $190.91 | +5.20% |
| Aug 08, 2024 | $176.79 | $179.42 | +1.49% |
| May 03, 2024 | $159.40 | $156.34 | -1.92% |
| Feb 22, 2024 | $163.28 | $156.48 | -4.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cheniere Energy (LNG) report earnings?
Cheniere Energy (LNG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Cheniere Energy (LNG) earnings time?
Cheniere Energy (LNG) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LNG EPS forecast?
LNG EPS forecast for the fiscal quarter 2024 (Q4) is $2.73.
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