Cheniere Energy Stock Price, News & Analysis

Cheniere Energy, Inc. (LNG) announced long-term liquefied natural gas (LNG) sale agreements with Chevron (CVX) for a combined 2.0 million tonnes per annum. The first agreement involves Chevron purchasing 1.0 mtpa from Sabine Pass Liquefaction, starting in 2026. The second contract is for 1.0 mtpa from Cheniere Marketing, commencing in 2027, contingent upon a positive investment decision for new liquefaction capacity. Both agreements highlight increasing LNG demand and are tied to the Henry Hub price. Early termination of an LNG Terminal Use Agreement with Chevron is also noted.

Cheniere Energy, Inc. (LNG) announced a significant milestone with the Financial Investment Decision (FID) for the Corpus Christi Stage 3 Liquefaction Project, allowing construction to continue with Bechtel Energy. This project aims to enhance Cheniere's LNG infrastructure, providing over 10 million tonnes per annum to the global market by the end of 2025. Additionally, Cheniere secured $4 billion in senior secured loans and a $1.5 billion working capital facility to finance the project, demonstrating their commitment to expanding LNG production and infrastructure.

Cheniere Energy, Inc. (LNG) has released its 2021 Corporate Responsibility report titled Acting Today, Securing Tomorrow. The report emphasizes the company's ESG initiatives, which include a 34% reduction in Scope 1 greenhouse gas emissions intensity since 2016 and plans to increase employee ESG-related performance compensation from 17% to 30%. With around 75% of its LNG volumes delivered to Europe this year, Cheniere highlights its role in enhancing energy security. The report aligns with TCFD and SASB guidelines and features the introduction of Cargo Emissions Tags for customers.

Cheniere Energy, Inc. (LNG) announced a $350 million share repurchase agreement with Icahn Enterprises at $130.52 per share, funded from its cash reserves. This transaction forms part of a broader $1 billion share repurchase program and is expected to close by June 21, 2022. Following the repurchase, Icahn Enterprises will hold fewer than 7,741,412 shares, resulting in the resignation of its board appointee. CEO Jack Fusco emphasized this move as a demonstration of confidence in the company’s future amidst a growing global demand for natural gas.

Cheniere Energy, Inc. (NYSE American: LNG) announced a 15-year LNG sale and purchase agreement with Equinor ASA, involving approximately 1.75 million tonnes per annum (mtpa) of LNG. Deliveries will start in H2 2026, reaching full capacity by H2 2027. Approximately 0.9 mtpa is conditioned on Cheniere making a positive final investment decision for additional liquefaction at Corpus Christi LNG Terminal. This partnership highlights Cheniere's commitment to meeting global energy demands sustainably.

Cheniere Energy, Inc. (LNG) announced a long-term liquefied natural gas (LNG) sales agreement with POSCO International Corporation. Under this 20-year agreement, POSCO will purchase approximately 0.4 million tonnes per annum starting in late 2026, with pricing based on the Henry Hub price plus a fixed liquefaction fee. This deal supports the Corpus Christi Stage III Project, anticipated to reach final investment decision this summer and to feature up to seven midscale liquefaction trains with over 10 mtpa capacity.

Cheniere Energy, Inc. (NYSE American: LNG) announced a long-term Integrated Production Marketing (IPM) agreement with ARC Resources U.S. Corp to supply 140,000 MMBtu per day of natural gas for 15 years. The gas will support the Corpus Christi Stage III Project, linked to Train 7's commercial operations. Cheniere will market approximately 0.85 million tonnes per annum of LNG. The agreement is contingent on a positive final investment decision for the project, anticipated this summer. Cheniere is a leading U.S. LNG producer and exporter.

Cheniere Energy Partners, L.P. (CQP) reported a net income of $159 million for Q1 2022, a decline of 54% year-over-year. Adjusted EBITDA stood at $1.0 billion, an increase of 32%. The company declared a cash distribution of $1.050 per common unit, to be paid on May 13, 2022. Total revenues surged 70% to $3.328 billion. LNG export volumes rose by 20% to 384 TBtu. The company reconfirmed its 2022 distribution guidance at $4.00 - $4.25 per unit.

Cheniere Energy reported Q1 2022 financial results with Consolidated Adjusted EBITDA of approximately $3.2 billion and Distributable Cash Flow of about $2.5 billion. Despite a net loss of $865 million, the company raised its full-year EBITDA guidance to $8.2 - $8.7 billion due to increased LNG production. Notable developments included long-term agreements with EOG Resources and Engie, enhancing LNG supply volumes. Cheniere also gained regulatory approvals for LNG exports, reinforcing its operational capabilities in the growing LNG market.