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Sep 30, 2023

Cheniere Q3 2023 Earnings Report

Cheniere reported financial results for the third quarter of 2023 and reconfirmed its 2023 financial guidance.

Key Takeaways

Cheniere Energy reported a net income of $1.7 billion and revenues of $4.2 billion for the third quarter of 2023. The company reconfirmed its full year 2023 Consolidated Adjusted EBITDA guidance of $8.3 billion - $8.8 billion and full year 2023 Distributable Cash Flow guidance of $5.8 billion - $6.3 billion.

Cheniere generated revenues of approximately $4.2 billion and net income of approximately $1.7 billion.

Reconfirming full year 2023 Consolidated Adjusted EBITDA guidance of $8.3 billion - $8.8 billion and full year 2023 Distributable Cash Flow guidance of $5.8 billion - $6.3 billion.

Cheniere prepaid $50 million of consolidated long-term indebtedness and repurchased an aggregate of approximately 2.2 million shares of common stock for approximately $357 million.

Cheniere loaded its 3,000th LNG cargo since commencing export operations in February 2016.

Total Revenue
$4.13B
Previous year: $8.85B
-53.4%
EPS
$7.03
Previous year: -$9.54
-173.7%
LNG Cargoes Exported
152
Previous year: 156
-2.6%
LNG Volumes Exported
545
Previous year: 558
-2.3%
Gross Profit
$2.82B
Previous year: $19.9B
-85.9%
Cash and Equivalents
$3.86B
Previous year: $2.5B
+54.2%
Free Cash Flow
$1.31B
Previous year: $2.08B
-37.0%
Total Assets
$41.7B
Previous year: $43.6B
-4.4%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

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

Revenue & Expenses

Visualization of income flow from segment revenue to net income