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Jun 30, 2021
Cheniere Q2 2021 Earnings Report
Reported strong second quarter results and raised full year 2021 guidance.
Key Takeaways
Cheniere Energy reported strong second quarter results driven by operational excellence and strength in the global LNG market. The company increased its full year 2021 Consolidated Adjusted EBITDA and Distributable Cash Flow guidance due to improved LNG market margins and increased LNG production forecast.
Consolidated Adjusted EBITDA of approximately $1.0 billion and Distributable Cash Flow of approximately $340 million for the three months ended June 30, 2021.
Increased full year 2021 Consolidated Adjusted EBITDA guidance to $4.6 - $4.9 billion and full year 2021 Distributable Cash Flow guidance to $1.8 - $2.1 billion.
Fully repaid the remaining outstanding borrowings under the Cheniere Term Loan Facility and fully repaid Cheniere’s 4.875% convertible notes due May 2021.
Entered into an Integrated Production Marketing agreement with Tourmaline Oil Marketing Corp.
Cheniere
Cheniere
Cheniere Revenue by Segment
Revenue by Segment
LNG Revenues Revenue
CapyFin.comRegasification Revenues Revenue
CapyFin.com Forward Guidance
Cheniere increased its full year 2021 Consolidated Adjusted EBITDA guidance to $4.6 - $4.9 billion and full year 2021 Distributable Cash Flow guidance to $1.8 - $2.1 billion due primarily to improved LNG market margins and an increase in forecasted LNG production.
Positive Outlook
- Improved LNG market margins.
- Increase in forecasted LNG production.
- Strong second quarter results.
- Relentless focus on operational excellence.
- Continued strength in the global LNG market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income