Cheniere Energy (LNG) Tops Q2 EPS by 20c

Cheniere Energy (NYSE: LNG) reported Q2 EPS of $0.78, $0.20 better than the analyst estimate of $0.58. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.47 billion.

“We delivered strong results for the second quarter of 2020, despite the challenging LNG market environment and continued global impact of the COVID-19 pandemic, which further proves the resiliency and strength of Cheniere’s business model,” said Jack Fusco, Cheniere’s President and Chief Executive Officer.

“Our customers value the flexibilities our long-term contracts provide, which enable LNG buyers to effectively manage their portfolios through various market conditions, while continuing to underpin Cheniere’s financial stability. Despite continued market challenges, our visibility on achieving our financial goals for the year is unchanged, and today we are reconfirming our full year 2020 guidance of $3.8 to $4.1 billion in Consolidated Adjusted EBITDA and $1.0 to $1.3 billion in Distributable Cash Flow.”

For earnings history and earnings-related data on Cheniere Energy (LNG) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Cerebras Systems (CBRS) Misses Q1 EPS, Revenues Beat
• Vaxcyte names Moncef Slaoui to board as director retires