UBS Reiterates Buy Rating on Cheniere Energy (LNG)

UBS analyst Manav Gupta reiterated a Buy rating and $277.00 price target on Cheniere Energy (NYSE: LNG).

The analyst commented, "With commissioning complete and achieving substantial completion, LNG sales from Train 1 would be added to financial results going forward indicating an upside to the '25 guide. The announcement follows Cheniere achieving production of liquified natural gas ("LNG") from Train 1 in December 2024. We note that Cheniere has achieved its target of Train 1 substantial completion on budget and over six months ahead of the guaranteed completion date. CCL Stage 3 consists of seven midscale trains, with an expected total production capacity of over 10 mtpa of LNG. With CCL stage 3 expansion online, expected total production capacity of the Corpus Christi liquefaction facility will be over 25 mtpa of LNG. Cheniere noted on its 4Q earnings call that all seven trains are expected to achieve substantial completion by YE 2026… While expected, we view this news as positive as it creates an upside to '25 guide. Besides CCL Stage 3 expansion, LNG / CQP is also pursuing volume growth through CCL Midscale Train 8 and 9 and Sabine Pass (SPL) Expansion. With these additions, we view LNG as well positioned to provide much needed new LNG supply to global market."

For an analyst ratings summary and ratings history on Cheniere Energy click here. For more ratings news on Cheniere Energy click here.

Shares of Cheniere Energy closed at $222.52 yesterday.

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