NYSE$LNG

Cheniere Energy Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Cheniere's first quarter results were reported, showing increased net income and revenue.

Cheniere Energy, Inc. reported a net income of $375 million for the first quarter of 2020, compared to $141 million for the same period in 2019. The increase was primarily driven by increased total margins due to additional LNG volumes and net gains from commodity derivatives. The company reconfirmed its full-year 2020 guidance for Consolidated Adjusted EBITDA of $3.8 to $4.1 billion and Distributable Cash Flow of $1.0 to $1.3 billion.

  • Net income for Q1 2020 increased to $375 million, compared to $141 million in Q1 2019.
  • Consolidated Adjusted EBITDA for Q1 2020 was $1.04 billion, up from $0.65 billion in Q1 2019.
  • 128 LNG cargoes were exported during the quarter.
  • Full-year 2020 guidance reconfirmed with Consolidated Adjusted EBITDA expected to be $3.8 to $4.1 billion.

Headline financials

Total Revenue

$2.71B

Previous: $2.26B+19.8%
EPS (adj)

$1.43

Previous: $0.55+160.0%
LNG Cargoes Exported

128

Previous: 87+47.1%
Capital Expenditures

-$556M

Previous: -$625M+11.0%
Free Cash Flow

-$181M

Previous: -$484M+62.6%
Net Income

$375M

Previous: $141M+166.0%
Operating Income

$1.35B

Previous: $606M+122.1%
Gross Profit

$2.39B

Previous: $1.06B+126.4%
Cash & Equivalents

$2.4B

Previous: $1.09B+119.5%
Total Assets

$35.7B

Previous: $32.9B+8.7%
Stock-Based Comp

$29M

Previous: $28M+3.6%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$2.71B

Q1 2020+19.8%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Cheniere · $2.64B total across 2 segments · Q1 2020

  • LNG Revenues
    $2.57B
  • Regasification Revenues
    $67M

Forward guidance

Cheniere reconfirmed its full year 2020 guidance of Consolidated Adjusted EBITDA of $3.8 to $4.1 billion, and Distributable Cash Flow of $1.0 to $1.3 billion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+3.3%

Avg return

30 days after

58%

35 / 60 earnings

Positive

+12.6%

Q4 2011

Best reaction

-23.5%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%-10.7%-11.5%
Q4 2025+5.3%+11.5%+34.5%
Q3 2025+0.3%-2.1%-1.3%
Q2 2025-1.6%-4.0%-1.6%
Q1 2025-0.7%-2.5%+1.8%
Q4 2024+3.7%-1.3%+3.7%
Q3 2024+3.1%+5.9%+23.1%
Q2 2024+3.1%+2.4%+1.7%
Q1 2024-2.4%-2.2%-1.8%
Q4 2023-4.1%-6.9%-2.9%
Q3 2023+2.9%+0.2%+7.7%
Q2 2023+2.6%+2.5%+5.2%
Q1 2023-6.2%-3.1%-7.0%
Q4 2022+6.7%+6.4%-0.4%
Q3 2022-3.8%-2.9%-2.2%
Q2 2022+0.9%+2.5%+11.7%
Q1 2022+1.7%-4.4%+1.1%
Q4 2021+8.7%+8.7%+25.5%
Q3 2021+2.1%+1.2%-2.0%
Q2 2021-0.9%+2.6%+5.2%
Q1 2021+2.8%+4.9%+10.7%
Q4 2020-1.7%-1.8%+6.6%
Q3 2020+4.6%+8.9%+20.8%
Q2 2020+2.2%+2.7%-0.3%
Q1 2020-5.3%-7.8%-2.9%
Q4 2019-7.0%-1.2%-33.1%
Q3 2019+1.4%-0.8%-1.6%
Q2 2019+2.2%-0.4%+1.6%
Q1 2019+6.3%+5.1%+5.9%
Q4 2018+1.4%-1.0%+2.5%
Q3 2018+1.1%-3.4%-2.3%
Q2 2018+4.0%+5.1%+9.0%
Q1 2018+6.0%+5.8%+11.9%
Q4 2017-3.1%-3.0%-10.4%
Q3 2017-0.2%-1.2%+1.0%
Q2 2017-0.3%-1.3%-0.4%
Q1 2017+2.5%+0.7%+6.7%
Q4 2016-1.9%-2.9%-5.9%
Q3 2016+1.8%+4.1%+14.0%
Q2 2016-2.2%+0.1%+6.8%
Q4 2015+3.6%
Q3 2015-5.3%
Q2 2015+1.3%
Q1 2015+3.1%
Q4 2014-1.6%
Q3 2014+0.7%
Q2 2014-4.4%
Q1 2014+0.8%
Q4 2013+2.9%
Q3 2013+5.4%
Q2 2013-0.5%
Q1 2013+4.0%
Q2 2012-0.4%
Q4 2011+12.6%
Q3 2010-4.7%
Q3 2011-4.7%
Q2 2011-23.5%
Q2 2010-23.5%
Q1 2011+1.7%
Q1 2010+12.0%

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