Cheniere Energy, Inc. reports news on its U.S. liquefied natural gas platform, including the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast. The company operates across LNG procurement, transportation, liquefaction, vessel chartering and delivery, with revenue supported by long-term contracts and sales of uncontracted LNG.
Recurring updates cover operating results, financial guidance, LNG production and cargo activity, long-term LNG sales agreements, expansion projects along the LNG value chain, dividends, share repurchase authorizations, senior note financings and board governance matters. Related news may also include disclosures from Cheniere Energy Partners, the publicly traded partnership that owns the Sabine Pass LNG terminal and Creole Trail Pipeline.
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Cheniere Energy plans to release its first quarter 2023 financial results on May 2, 2023, before the market opens. A conference call will follow at 11:00 a.m. ET to discuss the results. Cheniere is the top exporter of liquefied natural gas in the U.S., with a production capacity of about 45 million tonnes per annum and expects +10 million tonnes capacity under construction. With facilities at Sabine Pass and Corpus Christi, they are enhancing their LNG offerings to meet growing global energy demands.
Cheniere Energy Partners reported strong financial results for Q4 and FY 2022, with revenues of $4.7 billion and $17.2 billion respectively. Net income surged by 396% to $2.5 billion in Q4, driven by increased LNG margins and volumes. The company declared a cash distribution of $1.07 per common unit and provided a full-year 2023 guidance of $4.00 - $4.25 per unit. Significant operational milestones include the substantial completion of Train 6 and expansion plans at the Sabine Pass LNG Terminal. Additionally, Cheniere received an investment grade rating upgrade to BBB from S&P in November 2022.