NYSE$LNG

Cheniere Energy Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Cheniere reported strong Q1 2023 results, driven by increased margins and LNG production, and raised its full year financial guidance.

Cheniere Energy, Inc. announced strong financial results for the first quarter 2023, with revenues of $7.3 billion and net income of $5.4 billion. The company raised its full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and Distributable Cash Flow guidance to $5.7 - $6.2 billion.

  • Generated revenues of approximately $7.3 billion and net income of approximately $5.4 billion.
  • Consolidated Adjusted EBITDA of approximately $3.6 billion and Distributable Cash Flow of approximately $2.9 billion.
  • Raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and full year 2023 Distributable Cash Flow guidance to $5.7 - $6.2 billion.
  • Prepaid approximately $896 million of consolidated long-term indebtedness and repurchased approximately 3.1 million shares of common stock for approximately $450 million.

Headline financials

Total Revenue

$7.31B

Previous: $7.48B-2.3%
EPS (adj)

$22.10

Previous: -$3.41+748.1%
LNG Cargoes Exported

167

Previous: 160+4.4%
Capital Expenditures

-$712M

Previous: -$178M-300.0%
Free Cash Flow

$4.72B

Previous: -$1.04B+552.7%
Net Income

$5.43B

Previous: -$865M+728.2%
Operating Income

$7.99B

Previous: -$613M+1403.6%
Gross Profit

$6.87B

Previous: $7.1B-3.2%
Cash & Equivalents

$2.95B

Previous: $2.49B+18.5%
Total Assets

$40.3B

Previous: $40.1B+0.5%
Stock-Based Comp

$49M

Previous: $43M+14.0%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$7.31B

Q1 2023-2.3%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cheniere · $7.13B total across 2 segments · Q1 2023

  • LNG Revenues
    $7.09B-3.4%
  • Regasification Revenues
    $34M-50.0%

Forward guidance

Cheniere raised its full year 2023 Consolidated Adjusted EBITDA guidance to $8.2 - $8.7 billion and full year 2023 Distributable Cash Flow guidance to $5.7 - $6.2 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 2023

Historical avgQ1 2023

+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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