Dec 31, 2019

Cheniere Q4 2019 Earnings Report

Cheniere reported record results and reconfirmed full year 2020 guidance.

Key Takeaways

Cheniere Energy, Inc. reported a net income of $939 million, or $3.70 per share—basic and $3.34 per share—diluted, for the three months ended December 31, 2019, compared to $67 million, or $0.26 per share (basic and diluted), for the comparable 2018 period. The company reconfirmed its 2020 guidance of Consolidated Adjusted EBITDA of $3.8 to $4.1 billion, and Distributable Cash Flow of $1.0 to $1.3 billion.

Received FERC approval for Corpus Christi Stage 3 project.

Over 1,000 cumulative LNG cargoes totaling over 70 million tonnes of LNG have been produced, loaded and exported.

Repurchased 4.0 million shares of common stock for $249 million.

CCH issued $1.5 billion of 3.700% Senior Secured Notes due 2029.

Total Revenue
$3.01B
Previous year: $2.38B
+26.2%
EPS
$1.41
Previous year: $0.26
+442.3%
LNG Cargoes Exported
130
Previous year: 80
+62.5%
LNG Volumes Exported
462
Previous year: 285
+62.1%
Gross Profit
$4.33B
Previous year: $864M
+400.9%
Cash and Equivalents
$2.47B
Previous year: $981M
+152.2%
Free Cash Flow
$272M
Previous year: -$445M
-161.1%
Total Assets
$35.5B
Previous year: $32B
+11.0%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

Cheniere reconfirmed its 2020 guidance of Consolidated Adjusted EBITDA of $3.8 to $4.1 billion, and Distributable Cash Flow of $1.0 to $1.3 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income