Cheniere Energy (LNG) Misses Q2 EPS, Revenue Beats

Cheniere Energy (NYSE: LNG) reported Q2 EPS of $2.90, $0.56 worse than the analyst estimate of $3.46. Revenue for the quarter came in at $8.01 billion versus the consensus estimate of $6.39 billion.

• Consolidated Adjusted EBITDA1 of approximately $2.5 billion and $5.7 billion for the three and six months ended June 30, 2022, respectively. Distributable Cash Flow1 of approximately $1.9 billion and $4.4 billion for the three and six months ended June 30, 2022, respectively. Net income (loss)2 of approximately $0.7 billion and $(0.1) billion for the three and six months ended June 30, 2022, respectively.
• Raising full year 2022 Consolidated Adjusted EBITDA1 guidance to $9.8 - $10.3 billion and full year 2022 Distributable Cash Flow1 guidance to $6.9 - $7.4 billion due primarily to the expected proceeds from the anticipated early termination of the LNG Terminal Use Agreement (“TUA”) with Chevron described below, and sustained higher margins on LNG throughout 2022.

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

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