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Jun 30, 2020
Cheniere Q2 2020 Earnings Report
Cheniere reported a net income for Q2 2020 and reconfirmed full-year 2020 guidance.
Key Takeaways
Cheniere Energy, Inc. reported a net income of $197 million for the second quarter of 2020, a significant increase compared to the net loss of $114 million in the same period of 2019. The company reconfirmed its 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, demonstrating the resilience of its business model amid a challenging LNG market environment.
Net income increased primarily due to increased total margins and decreased net loss related to interest rate derivatives.
78 LNG cargoes were exported from liquefaction projects.
Consolidated Adjusted EBITDA increased due to accelerated revenues recognized from LNG cargoes and increased margins per MMBtu of LNG delivered.
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 was reconfirmed.
Revenue by Segment
Forward Guidance
Cheniere reconfirmed its 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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