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Cheniere Energy Inc. (NYSE MKT: LNG) is a prominent energy company based in Houston, Texas, with a primary focus on liquefied natural gas (LNG) businesses. Cheniere operates the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline in Louisiana. These assets are managed through Cheniere's general partner ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE MKT: CQP) and partial ownership interest in Cheniere Energy Partners Holdings, LLC (NYSE MKT: CQH).
Cheniere Partners is actively developing, constructing, and operating a liquefaction project at the Sabine Pass terminal. This project, known as the Sabine Pass Liquefaction Project (SPL Project), features up to six LNG trains with a combined nominal production capacity of approximately 27.0 million tonnes per annum (mtpa). Train 1 of the SPL Project commenced operations in May 2016, while Trains 2 through 5 are currently under construction, showcasing Cheniere's commitment to expanding its LNG output.
In addition to the Sabine Pass terminal, Cheniere is also developing and constructing additional liquefaction facilities at the Corpus Christi LNG Terminal in Texas. This expansion initiative underscores the company’s strategy to enhance its footprint in the global LNG market.
Cheniere Energy also operates Cheniere Marketing, which markets LNG using its own gas volumes, furthering its reach in the international energy markets. The company is continuously involved in strategic partnerships and projects that bolster its growth trajectory and operational capabilities.
Cheniere's financial health and operational efficiency have positioned it as a key player in the energy sector, making significant contributions to the LNG industry. By providing critical infrastructure and engaging in continuous development projects, Cheniere Energy plays a vital role in meeting the global demand for natural gas.
Latest News: Source: Cheniere Energy, Inc.
Source: Cheniere Energy Partners, L.P.
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Cheniere Partners (NYSE: CQP) reported Q3 2024 financial results with revenues of $2.1 billion and net income of $635 million, marking a 20% decrease in net income compared to Q3 2023. The company achieved Adjusted EBITDA of $852 million, up 7% year-over-year. LNG export volumes increased 5% to 377 TBtu with 104 cargoes shipped. The company declared a Q3 cash distribution of $0.810 per common unit and reconfirmed its full-year 2024 distribution guidance of $3.15-$3.35 per unit. Total available liquidity stood at $2.2 billion as of September 30, 2024.
Cheniere Energy (NYSE: LNG) reported Q3 2024 financial results with revenues of $3.8 billion and net income of $0.9 billion. The company raised its full-year 2024 guidance, with Consolidated Adjusted EBITDA now expected at $6.0-6.3 billion and Distributable Cash Flow at $3.4-3.7 billion. Key highlights include: repurchasing 1.6 million shares for $282 million in Q3, increasing quarterly dividend by 15% to $0.50 per share, and reaching the milestone of 1,000 LNG cargoes from the CCL Project. The company also signed a new 20-year LNG sale agreement with Galp for 0.5 mtpa starting in early 2030s.
Cheniere Energy (NYSE: LNG) has announced a voluntary Scope 1 annual methane intensity target for its liquefaction facilities, aiming to maintain 0.03% per tonne of LNG produced across its U.S. Gulf Coast facilities by 2027. The target is based on comprehensive emissions measurement data, including approximately 50 aerial measurements conducted over 16 months. The company has also updated its LNG life cycle assessment, showing lower supply-chain specific GHG emissions intensity compared to the U.S. Department of Energy's NETL 2019 study. This initiative aligns with Cheniere's Gold Standard membership requirements in the UN Environment Programme's Oil & Gas Methane Partnership 2.0.
Cheniere Energy (NYSE: LNG) has announced a quarterly dividend increase of approximately 15%. The company's Board of Directors declared a quarterly cash dividend of $0.500 per common share ($2.00 annualized). The dividend will be payable on November 18, 2024, to shareholders of record as of the close of business on November 8, 2024.
Cheniere Energy Partners (NYSE: CQP) has announced its quarterly distribution payment. Unitholders of record as of November 4, 2024, will receive $0.810 per common unit, consisting of a $0.775 base amount plus a $0.035 variable amount. The distribution will be paid on November 14, 2024. The company also noted that all distributions to foreign investors are subject to US federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with US trade or business.
Cheniere Energy, Inc. (NYSE: LNG) has announced the timing for its third quarter 2024 earnings release and conference call. The company plans to issue its earnings release on Thursday, October 31, 2024, before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the third quarter results.
A listen-only webcast of the call and accompanying slide presentation will be available on the company's website at www.cheniere.com. After the completion of the webcast, a replay will also be accessible on the Cheniere website for those who are unable to attend the live event.
Cheniere Energy (NYSE: LNG) has released its 2023 Corporate Responsibility Report, titled 'Energy Secured, Benefits Delivered.' The report showcases Cheniere's role in enhancing global energy security and supporting economic growth through its LNG production. Key highlights include:
- Producing ~50% of U.S. LNG and being a leading supplier to Europe
- Completing QMRV R&D projects to improve understanding of LNG lifecycle GHG emissions
- Co-founding the Energy Emissions Modeling and Data Lab (EEMDL)
- Achieving a 0.10 Total Reportable Incident Rate (TRIR), a top-decile safety record
- Contributing 13,000+ volunteer hours and $5.6 million in direct community support
The report emphasizes Cheniere's commitment to responsible energy production and its focus on environmental, social, and governance (ESG) matters.
Cheniere Energy Partners (NYSE: CQP) reported Q2 2024 financial results. Revenues were $1.9 billion, while net income was $570 million. Adjusted EBITDA increased to $832 million.
The company declared a cash distribution of $0.810 per common unit, with payment on August 14, 2024. Full-year 2024 distribution guidance remains at $3.15 - $3.35 per common unit.
Moody’s upgraded Cheniere's credit rating to investment grade. Liquidity stood at $2.2 billion, with significant reductions in debt due to recent financial transactions.
Despite a 2% revenue drop compared to Q2 2023 and an 8% decrease in net income, the company showed a 10% increase in Adjusted EBITDA and higher LNG export volumes.
Cheniere Energy (NYSE: LNG) announced its Q2 2024 financial results, reporting revenues of $3.3 billion and net income of $0.9 billion. For H1 2024, the company recorded revenues of $7.5 billion and net income of $1.4 billion. Consolidated Adjusted EBITDA for Q2 was $1.3 billion, while Distributable Cash Flow was $0.7 billion. Notably, Cheniere has raised its full-year 2024 guidance with EBITDA expected between $5.7-$6.1 billion and Distributable Cash Flow between $3.1-$3.5 billion.
Key highlights include repurchasing 10.7 million shares and repaying $300 million debt. The company also entered a long-term LNG sale agreement with Galp Trading and expanded its share repurchase authorization by $4 billion through 2027. Recent credit rating upgrades by Moody's and Fitch enhanced its investment-grade status. Additionally, Cheniere's CCL Midscale Trains 8 & 9 Project received a positive Environmental Assessment from FERC.
Cheniere Energy (NYSE: LNG) has announced a significant long-term LNG sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia. Under the 20-year agreement, Galp will purchase approximately 0.5 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis. The purchase price will be indexed to the Henry Hub price, plus a fixed liquefaction fee.
Deliveries are expected to start in the early 2030s, subject to a positive Final Investment Decision on Train Eight of the Sabine Pass Liquefaction Expansion Project. This agreement supports Cheniere's SPL Expansion Project, which aims to develop up to 20 mtpa of LNG capacity. The deal underscores the growing importance of US natural gas in Europe's long-term energy strategy.
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