Cheniere Announces Uplisting to the New York Stock Exchange

Rhea-AI Summary

Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. have been approved for uplisting to the New York Stock Exchange from the NYSE American. The common stock of Cheniere and the common units of Cheniere Partners will commence trading on the NYSE effective February 5, 2024. Cheniere will continue to trade under the symbol 'LNG' and Cheniere Partners will continue to trade under the symbol 'CQP.' Zach Davis, Cheniere's Executive Vice President and Chief Financial Officer, expressed gratitude to the NYSE American and looks forward to furthering success as part of the NYSE family.

Insights

Market Research Analyst

Uplisting from a smaller exchange like the NYSE American to a larger one such as the NYSE is a significant event for a company. It often reflects a company's growth and stability, potentially leading to increased visibility and liquidity in the stock market. The move to NYSE for Cheniere Energy, Inc. and Cheniere Energy Partners, L.P. could attract institutional investors who prefer trading on major exchanges due to the perception of greater regulatory oversight and stringent listing requirements.

Furthermore, the uplisting could result in a broader investor base, as some investment funds have mandates that restrict them to investing in stocks listed on major exchanges. This transition may also enhance the credibility of Cheniere and its partners, potentially leading to a re-rating of the stocks as they might be included in additional indices that track NYSE-listed companies.

Financial Analyst

The financial implications of uplisting to the NYSE can be multifaceted. Historically, companies that uplist to a larger exchange may experience a positive impact on their stock price due to increased investor confidence and the aforementioned liquidity benefits. However, it is crucial to note that such a move also comes with higher costs associated with listing fees and compliance with more rigorous standards.

Investors should consider the company's recent financial performance and whether the uplisting aligns with its growth trajectory and financial strategy. For Cheniere, a company dealing in the energy sector, particularly liquefied natural gas (LNG), this move could signal a strategic positioning to capitalize on the growing global demand for cleaner energy sources. It is important to monitor how this uplisting correlates with the company's operational performance and market dynamics in the energy sector.

Economist

From an economic perspective, Cheniere's uplisting to the NYSE can be seen as an indicator of the company's adaptation to the changing energy landscape and its economic resilience. The energy sector is currently undergoing a transition towards more sustainable sources and Cheniere's focus on LNG places it at a critical juncture. The uplisting could be interpreted as a positive signal to the market, reflecting the company's commitment to growth and its ability to meet the NYSE's stringent financial and governance standards.

It is also worth considering the macroeconomic context, such as energy prices, geopolitical stability and regulatory changes, which could influence the company's future performance. Investors should assess how the uplisting might impact Cheniere's access to capital and its ability to navigate the economic challenges and opportunities that lie ahead in the global energy market.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) and Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that each company has been approved for uplisting to the New York Stock Exchange (“NYSE”) from the NYSE American (“NYSE American”).

The common stock of Cheniere and the common units of Cheniere Partners will cease trading on the NYSE American after market close on February 2, 2024, and will commence trading on the NYSE effective at the opening of trading on February 5, 2024. Cheniere and Cheniere Partners will continue to trade under the symbols “LNG” and “CQP” respectively.

“Cheniere has been listed on the NYSE American or its predecessors for over two decades, and we thank the NYSE American for the many years of cooperation and being a key part of the Cheniere success story," said Zach Davis, Cheniere's Executive Vice President and Chief Financial Officer. "We look forward to furthering that success as part of the NYSE family with our uplisting to NYSE.”

About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (“LNG”) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum (“mtpa”) of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the Securities and Exchange Commission.

About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of six liquefaction Trains with a total production capacity of approximately 30 mtpa of LNG. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and three marine berths. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate and intrastate pipelines.

For additional information, please refer to the Cheniere Partners website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the Securities and Exchange Commission.

Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240129843494/en/

Cheniere Energy, Inc.

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753

Media Relations

Eben Burnham-Snyder, 713-375-5764

Bernardo Fallas, 713-375-5593

Source: Cheniere Energy, Inc.

FAQ

What is the uplisting date for Cheniere and Cheniere Partners to the NYSE?

The uplisting will be effective at the opening of trading on February 5, 2024.

What symbols will Cheniere and Cheniere Partners trade under on the NYSE?

Cheniere will continue to trade under the symbol 'LNG' and Cheniere Partners will continue to trade under the symbol 'CQP.'

Who expressed gratitude to the NYSE American in the PR?

Zach Davis, Cheniere's Executive Vice President and Chief Financial Officer, expressed gratitude to the NYSE American.

What stock exchange are Cheniere and Cheniere Partners uplisting to?

They are uplisting to the New York Stock Exchange from the NYSE American.

How long has Cheniere been listed on the NYSE American or its predecessors?

Cheniere has been listed on the NYSE American or its predecessors for over two decades.