Welcome to our dedicated page for Cheniere Energy news (Ticker: LNG), a resource for investors and traders seeking the latest updates and insights on Cheniere Energy stock.
Cheniere Energy Inc. (NYSE MKT: LNG) is a prominent energy company based in Houston, Texas, with a primary focus on liquefied natural gas (LNG) businesses. Cheniere operates the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline in Louisiana. These assets are managed through Cheniere's general partner ownership interest in and management agreements with Cheniere Energy Partners, L.P. (NYSE MKT: CQP) and partial ownership interest in Cheniere Energy Partners Holdings, LLC (NYSE MKT: CQH).
Cheniere Partners is actively developing, constructing, and operating a liquefaction project at the Sabine Pass terminal. This project, known as the Sabine Pass Liquefaction Project (SPL Project), features up to six LNG trains with a combined nominal production capacity of approximately 27.0 million tonnes per annum (mtpa). Train 1 of the SPL Project commenced operations in May 2016, while Trains 2 through 5 are currently under construction, showcasing Cheniere's commitment to expanding its LNG output.
In addition to the Sabine Pass terminal, Cheniere is also developing and constructing additional liquefaction facilities at the Corpus Christi LNG Terminal in Texas. This expansion initiative underscores the company’s strategy to enhance its footprint in the global LNG market.
Cheniere Energy also operates Cheniere Marketing, which markets LNG using its own gas volumes, furthering its reach in the international energy markets. The company is continuously involved in strategic partnerships and projects that bolster its growth trajectory and operational capabilities.
Cheniere's financial health and operational efficiency have positioned it as a key player in the energy sector, making significant contributions to the LNG industry. By providing critical infrastructure and engaging in continuous development projects, Cheniere Energy plays a vital role in meeting the global demand for natural gas.
Latest News: Source: Cheniere Energy, Inc.
Source: Cheniere Energy Partners, L.P.
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Cheniere Energy (NYSE: LNG) has released its 2023 Corporate Responsibility Report, titled 'Energy Secured, Benefits Delivered.' The report showcases Cheniere's role in enhancing global energy security and supporting economic growth through its LNG production. Key highlights include:
- Producing ~50% of U.S. LNG and being a leading supplier to Europe
- Completing QMRV R&D projects to improve understanding of LNG lifecycle GHG emissions
- Co-founding the Energy Emissions Modeling and Data Lab (EEMDL)
- Achieving a 0.10 Total Reportable Incident Rate (TRIR), a top-decile safety record
- Contributing 13,000+ volunteer hours and $5.6 million in direct community support
The report emphasizes Cheniere's commitment to responsible energy production and its focus on environmental, social, and governance (ESG) matters.
Cheniere Energy Partners (NYSE: CQP) reported Q2 2024 financial results. Revenues were $1.9 billion, while net income was $570 million. Adjusted EBITDA increased to $832 million.
The company declared a cash distribution of $0.810 per common unit, with payment on August 14, 2024. Full-year 2024 distribution guidance remains at $3.15 - $3.35 per common unit.
Moody’s upgraded Cheniere's credit rating to investment grade. Liquidity stood at $2.2 billion, with significant reductions in debt due to recent financial transactions.
Despite a 2% revenue drop compared to Q2 2023 and an 8% decrease in net income, the company showed a 10% increase in Adjusted EBITDA and higher LNG export volumes.
Cheniere Energy (NYSE: LNG) announced its Q2 2024 financial results, reporting revenues of $3.3 billion and net income of $0.9 billion. For H1 2024, the company recorded revenues of $7.5 billion and net income of $1.4 billion. Consolidated Adjusted EBITDA for Q2 was $1.3 billion, while Distributable Cash Flow was $0.7 billion. Notably, Cheniere has raised its full-year 2024 guidance with EBITDA expected between $5.7-$6.1 billion and Distributable Cash Flow between $3.1-$3.5 billion.
Key highlights include repurchasing 10.7 million shares and repaying $300 million debt. The company also entered a long-term LNG sale agreement with Galp Trading and expanded its share repurchase authorization by $4 billion through 2027. Recent credit rating upgrades by Moody's and Fitch enhanced its investment-grade status. Additionally, Cheniere's CCL Midscale Trains 8 & 9 Project received a positive Environmental Assessment from FERC.
Cheniere Energy (NYSE: LNG) has announced a significant long-term LNG sale and purchase agreement (SPA) with Galp Trading S.A., a subsidiary of Galp Energia. Under the 20-year agreement, Galp will purchase approximately 0.5 million tonnes per annum of LNG from Cheniere Marketing on a free-on-board basis. The purchase price will be indexed to the Henry Hub price, plus a fixed liquefaction fee.
Deliveries are expected to start in the early 2030s, subject to a positive Final Investment Decision on Train Eight of the Sabine Pass Liquefaction Expansion Project. This agreement supports Cheniere's SPL Expansion Project, which aims to develop up to 20 mtpa of LNG capacity. The deal underscores the growing importance of US natural gas in Europe's long-term energy strategy.
Cheniere Energy Partners, L.P. (NYSE: CQP) has announced its quarterly distribution for unitholders. The company declared a cash distribution of $0.810 per common unit, consisting of a base amount of $0.775 and a variable amount of $0.035. This distribution will be payable on August 14, 2024, to unitholders of record as of August 7, 2024. The press release also serves as a qualified notice regarding US income tax withholding for foreign investors. It states that 100% of Cheniere Partners' distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with a US trade or business.
The ADCC Pipeline commenced commercial service on July 1, 2024, providing approximately 1.7 Billion cubic feet per day (Bcf/d) of natural gas transportation capacity to the Cheniere Corpus Christi Liquefaction facility. The pipeline facilitates access to Permian and Eagle Ford gas volumes, enhancing natural gas infrastructure in Texas and supporting U.S. LNG exports globally.
The project is a joint venture, with Whistler Pipeline owning 70% (shared among WhiteWater, MPLX, and Enbridge) and a Cheniere Energy subsidiary owning 30%. This new infrastructure is expected to reduce flared volumes in the Permian Basin and strengthen LNG export capabilities.
Cheniere Energy (NYSE: LNG) announced it will release its second quarter 2024 financial results on August 8, 2024, before the market opens. The company will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the results. Interested parties can access a listen-only webcast and slide presentation via the Cheniere website. A replay of the webcast will be available post-event on the company's website.
Cheniere Energy (NYSE: LNG) announced a $4 billion increase in its share repurchase authorization through 2027, along with a 15% increase in its quarterly dividend to $2.00 per common share, starting in Q3 2024. This move aligns with the company's '20/20 Vision' capital allocation plan, focusing on organic growth, shareholder returns, and maintaining investment grade credit metrics. Since 2022, Cheniere has completed over 60% of its Corpus Christi Stage 3 Project, repurchased 10% of its shares, and achieved investment grade ratings. The company aims to deploy over $20 billion towards growth and capital returns, targeting $20 per share in run-rate distributable cash flow.
Cheniere Energy (NYSE: LNG) announced the declaration of a quarterly cash dividend of $0.435 per common share.
The dividend is scheduled for payment on August 16, 2024, to shareholders who are recorded by the close of business on August 9, 2024.
Cheniere Energy Partners, L.P. (NYSE: CQP) priced $1.2 billion Senior Notes due 2034 with an interest rate of 5.750% per year, maturing on August 15, 2034, issued at a price of 99.820% of par. Proceeds will be used to redeem part of the SPL 2025 Notes, ranking pari passu with existing senior notes at Cheniere Partners. The offering is not registered under the Securities Act of 1933.
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