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Cheniere
🇺🇸 NYSE:LNG
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Jun 30, 2024

Cheniere Q2 2024 Earnings Report

Cheniere reported strong second quarter results, raised full year financial guidance, and continued to execute its capital allocation plan.

Key Takeaways

Cheniere Energy, Inc. announced strong financial results for the second quarter of 2024, with revenues of $3.3 billion and net income of $0.9 billion. The company raised its full year 2024 Consolidated Adjusted EBITDA guidance to $5.7 billion - $6.1 billion and full year 2024 Distributable Cash Flow guidance to $3.1 billion - $3.5 billion.

Generated revenues of $3.3 billion and net income of $0.9 billion.

Raised full year 2024 Consolidated Adjusted EBITDA guidance to $5.7 billion - $6.1 billion.

Increased full year 2024 Distributable Cash Flow guidance to $3.1 billion - $3.5 billion.

Repurchased over 3.1 million shares of common stock for approximately $496 million.

Total Revenue
$3.25B
Previous year: $4.1B
-20.9%
EPS
$3.84
Previous year: $5.61
-31.6%
LNG Cargoes Exported
155
Previous year: 149
+4.0%
LNG Volumes Exported
553
Previous year: 536
+3.2%
Gross Profit
$1.05B
Previous year: $5.01B
-79.1%
Cash and Equivalents
$2.44B
Previous year: $4.53B
-46.1%
Free Cash Flow
$613M
Previous year: $1.25B
-50.8%
Total Assets
$42.3B
Previous year: $41.8B
+1.1%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

Cheniere raised its full year 2024 Consolidated Adjusted EBITDA and Distributable Cash Flow guidance ranges.

Positive Outlook

  • Raising full year 2024 Consolidated Adjusted EBITDA guidance to $5.7 billion - $6.1 billion.
  • Raising full year 2024 Distributable Cash Flow guidance to $3.1 billion - $3.5 billion.
  • Increasing share repurchase authorization by an additional $4 billion through 2027.
  • Increasing quarterly dividend by approximately 15% to $2.00 per common share annualized, commencing with the third quarter of 2024.
  • Fitch Ratings upgraded its issuer credit rating of Cheniere Corpus Christi Holdings, LLC from BBB to BBB+ with a stable outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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