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Dec 31, 2020
Cheniere Q4 2020 Earnings Report
Announced financial results for fourth quarter and full year 2020 and raised full year 2021 guidance.
Key Takeaways
Cheniere reported a net loss of $194 million for Q4 2020, impacted by non-cash changes in fair value of commodity derivatives. However, the company's Consolidated Adjusted EBITDA increased by 7% to $1.05 billion, and it is raising its full year 2021 Consolidated Adjusted EBITDA and Distributable Cash Flow guidance based on strong execution and improved market conditions.
Consolidated Adjusted EBITDA of $1.05 billion for fourth quarter 2020.
Distributable Cash Flow of approximately $330 million for fourth quarter 2020.
Net loss of $194 million, or $0.77 per share, for fourth quarter 2020, negatively impacted by non-cash changes in fair value of commodity derivatives.
Entered into mid-term LNG sales agreements during fourth quarter 2020 for portfolio volumes aggregating over four million tonnes of LNG with multiple counterparties.
Revenue by Segment
Forward Guidance
Cheniere is raising its full year 2021 Consolidated Adjusted EBITDA guidance to $4.1 - $4.4 billion and full year 2021 Distributable Cash Flow guidance to $1.4 - $1.7 billion based on strong execution and improved market conditions.
Positive Outlook
- Strong execution
- Improved market conditions
- In the final stages of commissioning Train 3 at Corpus Christi
- Global LNG market has strengthened significantly
- Confident in ability to deliver reliable financial results
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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