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Dec 31, 2021

Cheniere Q4 2021 Earnings Report

Cheniere reported financial results with increased revenues and adjusted EBITDA, but a net loss due to derivative losses.

Key Takeaways

Cheniere Energy, Inc. announced its Q4 2021 financial results, featuring a consolidated Adjusted EBITDA of approximately $1.3 billion and a net loss of approximately $1.3 billion. The company is raising its full year 2022 Consolidated Adjusted EBITDA guidance to $7.0 - $7.5 billion.

Consolidated Adjusted EBITDA of approximately $1.3 billion for the fourth quarter 2021.

Distributable Cash Flow of approximately $540 million for the fourth quarter 2021.

Raising full year 2022 Consolidated Adjusted EBITDA guidance to $7.0 - $7.5 billion.

Substantial completion was achieved on Train 6 of the SPL Project on February 4, 2022.

Total Revenue
$6.56B
Previous year: $2.79B
+135.3%
EPS
-$5.22
Previous year: -$0.77
+577.9%
LNG Cargoes Exported
153
Previous year: 130
+17.7%
LNG Volumes Exported
542
Previous year: 461
+17.6%
Gross Profit
$11.9B
Previous year: $4.65B
+156.2%
Cash and Equivalents
$1.4B
Previous year: $1.63B
-13.8%
Free Cash Flow
$207M
Previous year: $98M
+111.2%
Total Assets
$39.3B
Previous year: $35.7B
+10.0%

Cheniere

Cheniere

Cheniere Revenue by Segment

Forward Guidance

Cheniere is raising its 2022 financial guidance due to the early completion of Sabine Pass Train 6, the sustained strength in the global LNG market, and the timing of delivery of certain cargoes around year end 2021.

Positive Outlook

  • Early completion of Sabine Pass Train 6
  • Sustained strength in the global LNG market
  • Timing of delivery of certain cargoes around year end 2021
  • Demand for reliable LNG supply continues to grow
  • Confidence in a positive FID on Corpus Christi Stage 3 this year

Revenue & Expenses

Visualization of income flow from segment revenue to net income