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Mar 31, 2023

Cheniere Q1 2023 Earnings Report

Cheniere reported strong Q1 2023 results, driven by increased margins and LNG production, and raised its full year financial guidance.

Key Takeaways

Cheniere Energy, Inc. announced strong financial results for the first quarter 2023, with revenues of $7.3 billion and net income of $5.4 billion. The company raised its full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and Distributable Cash Flow guidance to $5.7 - $6.2 billion.

Generated revenues of approximately $7.3 billion and net income of approximately $5.4 billion.

Consolidated Adjusted EBITDA of approximately $3.6 billion and Distributable Cash Flow of approximately $2.9 billion.

Raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and full year 2023 Distributable Cash Flow guidance to $5.7 - $6.2 billion.

Prepaid approximately $896 million of consolidated long-term indebtedness and repurchased approximately 3.1 million shares of common stock for approximately $450 million.

Total Revenue
$7.31B
Previous year: $7.48B
-2.3%
EPS
$22.1
Previous year: -$3.41
-748.1%
LNG Cargoes Exported
167
Previous year: 160
+4.4%
LNG Volumes Exported
603
Previous year: 584
+3.3%
Gross Profit
$5.77B
Previous year: $14.8B
-61.1%
Cash and Equivalents
$2.95B
Previous year: $2.49B
+18.5%
Free Cash Flow
$2.71B
Previous year: $2.48B
+9.4%
Total Assets
$40.3B
Previous year: $40.1B
+0.5%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

Cheniere raised its full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and full year 2023 Distributable Cash Flow guidance to $5.7 - $6.2 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income