Intellectia LogoIntellectia
Product
Resources
Markets
Pricing
Log inTry for Free
Intellectia Logo
Log in
Intellectia Logo

Product

Features
Financial AI Agent
Stock Technical Analysis
Stock Monitor
Hedge Fund Tracker
Crypto Technical Analysis
AI Screener
Trading Strategies
AI Stock Picker
Swing Trading
Earnings Trading
Stock Chart Patterns
Daytrading Center

Resources

Learn
Blog
Earnings
Tutorial
Help Center
Company
About Us
Contact
Press
Reward Program
Partner Program
Dividend Calculator
Dividend Yield Calculator
Options Profit Calculator
Compare
TradingView
SeekingAlpha

Markets

Trending Stocks
Hot Crypto
Trending News
All Stocks
Pricing
Start for Free
  1. Home
  2. >
  3. Earnings
  4. >
  5. Cheniere Energy Inc Reports Financial Results for the Third Quarter of 2024
LNG.A

Cheniere Energy Inc Reports Financial Results for the Third Quarter of 2024

stocks logo
LNG.A
2024-10-312mins
Content

Cheniere Energy, Inc. Reports Financial Results for the Third Quarter of 2024

Overview Cheniere Energy, Inc. ('Cheniere') (NYSE: LNG) has announced its financial results for the third quarter of 2024, ending September 30.

Key Financial Metrics

Metric Q3 2024 Consensus Estimates
Revenue $3.8 billion $3.73 billion

Cheniere reported a revenue of approximately $3.8 billion, slightly beating the consensus estimate of $3.73 billion for the current quarter. The company's performance indicates a steady revenue stream despite fluctuations in international gas prices and derivative losses.

Key Developments and Operational Highlights - Repaid $150 million of long-term debt and repurchased 1.6 million shares for $282 million. - Increased quarterly dividend by 15% to $0.500 per share, payable November 18, 2024. - Announced a methane emissions intensity target for liquefaction facilities. - Produced and exported a cumulative 3,720 LNG cargoes since 2016. - Released its fifth annual Corporate Responsibility report. - Signed a 20-year LNG sale and purchase agreement with Galp Trading S.A. - Fitch Ratings upgraded Cheniere Corpus Christi Holdings' credit rating from BBB to BBB+. - S&P Global Ratings revised its outlook of CCH from stable to positive.

Comments from Company Officers Jack Fusco, President and CEO, emphasized the company’s focus on safety, execution, and capital discipline. He highlighted achievements such as the 1,000th LNG cargo and progress in Stage 3 production. Fusco expressed confidence in Cheniere’s operational excellence and its ability to meet global energy needs in the long term.

Dividends and Share Repurchase Program Cheniere increased its quarterly dividend by 15% to $0.500 per share. The company repurchased approximately 12.2 million shares for $2.0 billion during the first nine months.

Forward Guidance Cheniere raised and tightened its 2024 full-year guidance for Consolidated Adjusted EBITDA to $6.0 billion - $6.3 billion and Distributable Cash Flow to $3.4 billion - $3.7 billion.

Stock Price Movement Following the earnings release, Cheniere’s stock experienced a slight decrease, with a 0.33% drop in the aftermath.

Overall, Cheniere Energy’s quarterly performance reflects solid strategic execution despite market challenges, with strong positioning for continued growth and value creation.

For more in-depth analysis and insights, stay tuned with our platform to stay ahead of the market.

Join Intellectia

Share

Heat List
Symbol
Latest Price
% Chg
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
%

Want more financial insights delivered directly to your inbox?

Subscribe now and receive handpicked financial news, insights, and trending topics.

FAQs

arrow icon

arrow icon

arrow icon

arrow icon

arrow icon

AER.N
AerCap Q1 2025: Strong Earnings & Positive Outlook- Intellectia AI™
Intellectia.AI1 months ago
GRMN.N
Garmin Ltd Q1 2025 Earnings: Strong Growth Across Sectors- Intellectia AI™
Intellectia.AI1 months ago
ETSY.O
Etsy Inc Q1 2025 Earnings: Growth Amidst Challenges- Intellectia AI™
Intellectia.AI1 months ago
TW.O
Tradeweb Markets Q1 2025 Earnings: Strong Growth Momentum- Intellectia AI™
Intellectia.AI1 months ago

Share

Intellectia LogoIntellectiaIntellectia LogoIntellectia

Redefine Your Investment Decisions

TwitterTwitterYoutubeYoutubeQuoraQuoraDiscordDiscordLinkedinLinkedinTelegramTelegram

Copyright © 2025 Intellectia.AI. All Rights Reserved.

pci certified logo
Company
HomeContactAbout UsNews Release
Compare
TradingViewSeeking Alpha
Features
Financial AI AgentStock Technical AnalysisStock MonitorHedge Fund TrackerCrypto Technical AnalysisAI ScreenerDaytrading Center
Strategies
AI Stock PickerSwing TradingStock Chart PatternsEarnings Trading
Free Tools
Dividend CalculatorDividend Yield CalculatorOptions Profit Calculator
Resource
BlogTutorialEarningsTrending StocksCrypto MarketPartner ProgramTerms of UsePrivacy PolicySitemap
Start for Free