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Jun 30, 2023

Cheniere Q2 2023 Earnings Report

Cheniere reported financial results for the second quarter of 2023 and raised 2023 financial guidance.

Key Takeaways

Cheniere Energy, Inc. announced strong financial results for the second quarter of 2023, with revenues of $4.1 billion and net income of $1.4 billion. The company also raised its full year 2023 Consolidated Adjusted EBITDA and Distributable Cash Flow guidance.

Generated revenues of approximately $4.1 billion and net income of approximately $1.4 billion.

Raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.3 billion - $8.8 billion.

Signed new long-term contracts representing an aggregate of up to approximately 76 million tonnes of liquefied natural gas.

Subsidiaries entered the pre-filing review process with the FERC for the SPL Expansion Project.

Total Revenue
$4.1B
Previous year: $8.01B
-48.8%
EPS
$5.61
Previous year: $2.9
+93.4%
LNG cargoes exported
149
Previous year: 156
-4.5%
LNG volumes exported (TBtu)
536
Previous year: 563
-4.8%
Gross Profit
$5.01B
Previous year: $13.8B
-63.6%
Cash and Equivalents
$4.53B
Previous year: $2.63B
+72.1%
Free Cash Flow
$1.25B
Previous year: $1.67B
-25.4%
Total Assets
$41.8B
Previous year: $41.3B
+1.2%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

Cheniere raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.3 billion - $8.8 billion and full year 2023 Distributable Cash Flow guidance to $5.8 billion - $6.3 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income