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Mar 31
Cheniere Q1 2025 Earnings Report
Reported $5.44 billion in revenue and $353 million in net income for Q1 2025.
Key Takeaways
Cheniere delivered solid Q1 2025 results, supported by stable LNG export volumes and higher margins. Net income fell from the prior year due to derivative impacts, but the company remains on track to meet its full-year guidance.
Generated $5.44 billion in revenue and $353 million in net income.
Shipped 168 LNG cargoes totaling 609 TBtu, a 1% increase YoY.
Substantial Completion achieved on Train 1 of the CCL Stage 3 Project.
Cash and cash equivalents stood at $2.51 billion as of March 31, 2025.
Cheniere
Cheniere
Cheniere Revenue by Segment
Revenue by Segment
LNG Revenues Revenue
CapyFin.comRegasification Revenues Revenue
CapyFin.comOther Revenues Revenue
CapyFin.com Forward Guidance
Cheniere reaffirmed full-year 2025 guidance, expecting Adjusted EBITDA between $6.5B and $7.0B and Distributable Cash Flow between $4.1B and $4.6B.
Positive Outlook
- Substantial Completion of Train 1 at CCL Stage 3 achieved.
- Progress continues on remaining CCL Stage 3 trains with 82.5% project completion.
- Regulatory approvals advancing for Midscale Trains 8 & 9.
- Strong liquidity position with $10.55 billion in total available liquidity.
- Continued execution on capital return strategy through dividends and share repurchases.
Challenges Ahead
- Net income declined 30% YoY due to unfavorable derivative impacts.
- Higher share-based compensation expenses YoY.
- Derivative-related volatility affecting cost of sales.
- Some construction activities at CCL Stage 3 still below 60% completion.
- Continued reliance on commodity price movements affecting financial performance.