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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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