Cheniere Energy Stock Price, News & Analysis

Cheniere Energy (NYSE: LNG) has appointed W. Benjamin Moreland to its Board of Directors, effective January 21, 2025. Moreland, who will serve as an independent director on the Audit and Compensation Committees, brings extensive leadership experience as the former CEO of Crown Castle Inc. and a 15-year tenure with Chase Manhattan Bank.

Moreland currently serves as Chair of the Board at Clear Channel Outdoor Holdings and holds various advisory positions, including membership in the University of Texas McCombs School of Business Advisory Council. His previous board experience includes positions at Calpine , Monogram Residential Trust, and WIA-The Wireless Infrastructure Association.

Cheniere Energy (NYSE: LNG) has achieved its first LNG production from Train 1 of the Corpus Christi Stage 3 Liquefaction Project. The project is progressing ahead of schedule, with substantial completion expected by the end of Q1 2025, over six months earlier than guaranteed. As of November 30, 2024, the overall project is 75.9% complete, with engineering at 96.8%, procurement at 97.2%, subcontract work at 87.7%, and construction at 39.2%. CCL Stage 3 will feature seven midscale trains with a total production capacity exceeding 10 million tonnes per annum (mtpa). Upon full completion, the entire Corpus Christi facility's capacity will exceed 25 mtpa of LNG.

Cheniere Energy announced the publication of an updated peer-reviewed life cycle assessment (LCA) study for the greenhouse gas (GHG) emissions intensities of its liquefied natural gas (LNG). This study, published in the American Chemical Society’s Sustainable Chemistry & Engineering Journal, includes a novel gas-pathing algorithm that enhances GHG emissions modeling across Cheniere's supply chain.

By integrating measurement data from the Company's facilities and collaborations with natural gas producers, midstream providers, shippers, and academic experts, the study leverages Cheniere’s multi-year Quantification, Monitoring, Reporting and Verification (QMRV) program. The updated LCA shows that the 2022 GHG emissions intensity of Cheniere’s LNG is 20-28% lower than the 2019 U.S. Department of Energy’s NETL study.

The study highlights the importance of integrating measurement data into LCAs to accurately characterize GHG emissions from natural gas supply chains, reinforcing the environmental competitiveness of Cheniere’s LNG.

Cheniere Partners (NYSE: CQP) reported Q3 2024 financial results with revenues of $2.1 billion and net income of $635 million, marking a 20% decrease in net income compared to Q3 2023. The company achieved Adjusted EBITDA of $852 million, up 7% year-over-year. LNG export volumes increased 5% to 377 TBtu with 104 cargoes shipped. The company declared a Q3 cash distribution of $0.810 per common unit and reconfirmed its full-year 2024 distribution guidance of $3.15-$3.35 per unit. Total available liquidity stood at $2.2 billion as of September 30, 2024.

Cheniere Energy (NYSE: LNG) reported Q3 2024 financial results with revenues of $3.8 billion and net income of $0.9 billion. The company raised its full-year 2024 guidance, with Consolidated Adjusted EBITDA now expected at $6.0-6.3 billion and Distributable Cash Flow at $3.4-3.7 billion. Key highlights include: repurchasing 1.6 million shares for $282 million in Q3, increasing quarterly dividend by 15% to $0.50 per share, and reaching the milestone of 1,000 LNG cargoes from the CCL Project. The company also signed a new 20-year LNG sale agreement with Galp for 0.5 mtpa starting in early 2030s.

Cheniere Energy (NYSE: LNG) has announced a voluntary Scope 1 annual methane intensity target for its liquefaction facilities, aiming to maintain 0.03% per tonne of LNG produced across its U.S. Gulf Coast facilities by 2027. The target is based on comprehensive emissions measurement data, including approximately 50 aerial measurements conducted over 16 months. The company has also updated its LNG life cycle assessment, showing lower supply-chain specific GHG emissions intensity compared to the U.S. Department of Energy's NETL 2019 study. This initiative aligns with Cheniere's Gold Standard membership requirements in the UN Environment Programme's Oil & Gas Methane Partnership 2.0.

Cheniere Energy (NYSE: LNG) has announced a quarterly dividend increase of approximately 15%. The company's Board of Directors declared a quarterly cash dividend of $0.500 per common share ($2.00 annualized). The dividend will be payable on November 18, 2024, to shareholders of record as of the close of business on November 8, 2024.

Cheniere Energy Partners (NYSE: CQP) has announced its quarterly distribution payment. Unitholders of record as of November 4, 2024, will receive $0.810 per common unit, consisting of a $0.775 base amount plus a $0.035 variable amount. The distribution will be paid on November 14, 2024. The company also noted that all distributions to foreign investors are subject to US federal income tax withholding at the highest applicable effective tax rate, as they are attributable to income effectively connected with US trade or business.

Cheniere Energy, Inc. (NYSE: LNG) has announced the timing for its third quarter 2024 earnings release and conference call. The company plans to issue its earnings release on Thursday, October 31, 2024, before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the third quarter results.

A listen-only webcast of the call and accompanying slide presentation will be available on the company's website at www.cheniere.com. After the completion of the webcast, a replay will also be accessible on the Cheniere website for those who are unable to attend the live event.