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 announced a long-term capital allocation plan aiming for sustainable growth and shareholder returns. Key highlights include an increase in available cash projections to over $20 billion by 2026 and a proposed run-rate Distributable Cash Flow of over $20 per share. The company raised its 2022 financial guidance, projecting Consolidated Adjusted EBITDA between $11.0 billion and $11.5 billion, and a 20% increase in dividends to $1.58 per share. The revised plan emphasizes debt reduction, share repurchases, and growth, with a long-term leverage target of approximately 4x.
Cheniere Energy Partners, L.P. (CQP) has made its 2021 Schedule K-3 available online, designed for unitholders with international tax reporting needs, particularly foreign unitholders. The document can be accessed at this link. Cheniere does not plan to mail copies of the Schedule K-3. Unitholders may contact Tax Package Support to receive an electronic copy. The company owns the Sabine Pass LNG terminal in Louisiana and the Creole Trail Pipeline, essential for its LNG operations.
Cheniere Energy Partners reported a second quarter 2022 net income of $342 million, down from $395 million in 2021. Adjusted EBITDA rose to $1.0 billion, a 42% increase. Revenue soared 121% to $4.18 billion. The company declared a cash distribution of $1.060 per common unit for unitholders, reaffirming a full year distribution guidance of $4.00 - $4.25. A long-term LNG agreement with Chevron was also established, with deliveries starting in 2026. However, non-cash losses in commodity derivatives affected net income significantly.
Cheniere Energy reported robust financial results for Q2 2022, achieving Consolidated Adjusted EBITDA of approximately $2.5 billion and $5.7 billion for the three and six months ended June 30, respectively. Net income was $0.7 billion for Q2, a significant recovery from a loss in Q2 2021. Full-year guidance for Consolidated Adjusted EBITDA is raised to $9.8 - $10.3 billion. The company secured long-term contracts totaling 140 million tonnes of LNG through 2050 and made a positive final investment decision on the Corpus Christi Stage 3 Project.
Cheniere Energy, Inc. (NYSE American: LNG) announced a quarterly cash dividend of $0.33 per common share, payable on August 16, 2022, to shareholders of record by the close of business on August 9, 2022. As a leading producer and exporter of liquefied natural gas in the U.S., Cheniere operates major liquefaction facilities with a capacity of approximately 45 million tonnes per annum and more expansions in progress. This dividend declaration underscores Cheniere's commitment to returning value to shareholders.
Cheniere Energy, Inc. (LNG) has signed a long-term LNG sale and purchase agreement with PTT Global LNG Company Limited, a subsidiary of Thailand's state-owned PTT. Under this agreement, PTTGL will purchase 1.0 million tonnes per annum of LNG from Cheniere's Corpus Christi Liquefaction facility for 20 years starting in 2026. The pricing is indexed to the Henry Hub price, demonstrating Cheniere's commitment to tailored commercial offerings. This marks a significant step in enhancing energy security and sustainability in Southeast Asia.
Cheniere Partners announced a cash distribution of $1.06 per common unit for unitholders as of August 4, 2022. This includes a base distribution of $0.775 and a variable amount of $0.285, payable on August 12, 2022. The press release notes that all distributions to foreign investors are subject to federal income tax withholding. Cheniere Partners operates the Sabine Pass LNG terminal in Louisiana, capable of producing approximately 30 mtpa of LNG, and owns the Creole Trail Pipeline connecting to major interstate pipelines.
Cheniere Energy has signed a long-term LNG sale and purchase agreement with PetroChina's subsidiary, committing to supply up to 1.8 million tonnes per annum of LNG starting in 2026. The deal is structured on a free-on-board basis and is indexed to the Henry Hub price. Deliveries are set to increase to full capacity by 2028 and run through 2050. This agreement builds on Cheniere's existing relationship with PetroChina, raising total LNG sales to the company to approximately 3 million tonnes per annum, supporting China’s energy transition goals.
Cheniere Energy, Inc. (LNG) will release its Q2 2022 financial results on Thursday, August 4, 2022, before market opening. A conference call for investors and analysts is scheduled for 11:00 a.m. ET. The call will provide insights into the company's financial performance and future outlook. Cheniere, a leading liquefied natural gas producer in the U.S., operates major facilities with a total capacity of approximately 45 million tonnes per annum and has over 10 million tonnes per annum in expected production capacity under construction.
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.