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.
Cheniere Energy reported its 2022 financial results, posting revenues of $33.4 billion and net income of $1.4 billion. For Q4 2022, revenues reached $9.1 billion with net income of $3.9 billion. The company achieved a Consolidated Adjusted EBITDA of $11.6 billion for the year, exceeding guidance, alongside a Distributable Cash Flow of $8.7 billion. Looking ahead, Cheniere anticipates 2023 EBITDA of $8.0 - $8.5 billion and cash flow of $5.5 - $6.0 billion. Key achievements include a significant debt repayment and share repurchase program as well as securing investment-grade ratings from S&P and Fitch. The company has also signed long-term LNG contracts ensuring supply through 2050.
Cheniere Energy Partners has announced the initiation of the pre-filing review process for the proposed Sabine Pass Stage 5 Expansion Project. This project aims for a total production capacity of approximately 20 million tonnes per annum of liquefied natural gas (LNG). It will feature up to three liquefaction trains and a boil-off-gas re-liquefaction unit.
Cheniere has engaged Bechtel Energy for a Front-End Engineering and Design study. The expansion depends on regulatory approvals and adequate financing before a final investment decision can be made.
Cheniere Energy Partners, L.P. (CQP) has announced a cash distribution of $1.07 per common unit for unitholders as of February 6, 2023, which includes a base amount of $0.775 and a variable amount of $0.295. Payments will be made on February 14, 2023. The press release also outlines tax implications for foreign investors, indicating that all distributions to foreign investors will be subject to withholding tax at the highest applicable rate. Cheniere Partners operates the Sabine Pass LNG terminal in Louisiana, boasting a production capacity of approximately 30 million tonnes per annum of LNG.
Cheniere Energy, Inc. (NYSE American: LNG) has declared a quarterly cash dividend of $0.395 per common share, payable on February 27, 2023. This dividend will be distributed to shareholders of record as of the close of business on February 7, 2023. Cheniere is a leading producer of liquefied natural gas in the U.S., operating a substantial liquefaction platform with a total production capacity of approximately 45 million tonnes per annum. The company continues to pursue further liquefaction expansion opportunities along the LNG value chain.
Cheniere Energy, Inc. (NYSE American: LNG) will announce its fourth quarter and full year 2022 financial results on February 23, 2023, prior to market opening. A conference call for analysts and investors will follow at 11:00 a.m. Eastern Time. This event will provide insights into Cheniere's performance and strategic direction. The company is a leading LNG producer and exporter in the U.S., operating facilities with a total production capacity of approximately 45 million tonnes per annum and an additional 10+ mtpa of expected capacity under construction. A webcast of the call will be available on Cheniere's website.
Cheniere Energy, Inc. (NYSE American: LNG) announced the expiration of its cash tender offer for $1.25 billion of outstanding 7.000% Senior Secured Notes due 2024. The offer expired at 5:00 p.m. NYC time on December 9, 2022, with a settlement date set for December 14, 2022. A total of $752,330,000 of the Notes were validly tendered, with additional amounts under guaranteed delivery procedures. Cheniere plans to accept the $752,330,000 in Notes but notes that other tendered amounts remain subject to delivery requirements.
Cheniere Energy (NYSE American: LNG) has announced a cash tender offer to buy back all $1.25 billion of its 7.000% Senior Secured Notes due 2024. The offer includes a total consideration of $1,017.67 per $1,000 note, calculated based on a reference yield of 4.740% from U.S. Treasury securities. The tender offer expires today, December 9, 2022, at 5:00 p.m. New York time, unless extended. Holders must tender their notes before the expiration to receive payment, including accrued interest.
Cheniere Energy, Inc. (NYSE American: LNG) announced that its subsidiary, Cheniere Corpus Christi Holdings, LLC, will redeem all outstanding 7.000% Senior Secured Notes due 2024 on January 5, 2023. The redemption price will be based on the treasury rate plus 50 basis points. The Bank of New York Mellon will notify all registered holders of the Notes. This press release contains forward-looking statements regarding Cheniere's business strategy and plans, which may involve risks and uncertainties.
Cheniere Energy, Inc. (LNG) has launched a cash tender offer for all $1.25 billion of its outstanding 7.000% Senior Secured Notes due in 2024. The offer allows holders to tender their notes until December 9, 2022, with a fixed consideration based on U.S. Treasury yields. The offer is not contingent on a minimum amount of notes being tendered. Following this tender offer, Cheniere plans to issue a notice of redemption for any remaining notes. This strategic move is part of Cheniere's financial management efforts and may affect liquidity and debt levels.
Cheniere Energy Partners, L.P. (CQP) has priced its offering of Senior Secured Amortizing Notes due 2037, totaling $430 million with a 5.900% annual interest rate. The notes will mature on September 15, 2037 and will close on November 29, 2022. The proceeds will be used to redeem $500 million in principal amount of existing SPL 2023 Notes. The new notes will rank equally with other senior secured debt of the company. This offering has not been registered under the Securities Act.