NYSE$LNG

Cheniere Energy Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Cheniere reported financial results for the second quarter of 2022 and raised 2022 financial guidance.

Cheniere Energy, Inc. announced strong financial results for Q2 2022, marked by excellent safety and operating performance, strategic growth with the FID of Corpus Christi Stage 3, and significant commercial momentum. The company raised its 2022 financial guidance due to improved LNG market margins and the anticipated early termination of the LNG Terminal Use Agreement with Chevron.

  • Consolidated Adjusted EBITDA of approximately $2.5 billion and Distributable Cash Flow of approximately $1.9 billion for the three months ended June 30, 2022.
  • Raised full year 2022 Consolidated Adjusted EBITDA guidance to $9.8 - $10.3 billion and full year 2022 Distributable Cash Flow guidance to $6.9 - $7.4 billion.
  • Prepaid $1.1 billion of consolidated long-term indebtedness and repurchased approximately 4.1 million shares of common stock for approximately $540 million during the quarter.
  • Made a positive final investment decision (FID) with respect to the Corpus Christi Stage 3 Project and issued full notice to proceed to Bechtel Energy, Inc.

Headline financials

Total Revenue

$8.01B

Previous: $3.02B+165.4%
EPS (adj)

$2.90

Previous: -$1.30+323.1%
LNG Cargoes Exported

156

Previous: 139+12.2%
Capital Expenditures

-$1.02B

Previous: -$440M-132.5%
Free Cash Flow

-$282M

Previous: -$769M+63.3%
Net Income

$741M

Previous: -$329M+325.2%
Operating Income

$1.48B

Previous: $146M+911.6%
Gross Profit

$7.59B

Previous: $2.63B+188.3%
Cash & Equivalents

$2.63B

Previous: $1.81B+45.7%
Total Assets

$41.3B

Previous: $36.8B+12.4%
Stock-Based Comp

$36M

Previous: $31M+16.1%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$8.01B

Q2 2022+165.4%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Cheniere · $7.94B total across 2 segments · Q2 2022

  • LNG Revenues
    $7.87B+170.3%
  • Regasification Revenues
    $68M+1.5%

Forward guidance

Cheniere is raising its 2022 financial guidance, driven by the improved margin environment in the LNG market, underscoring the need for additional investment in natural gas infrastructure globally, and plans to expand upon its existing platform with future growth at both of its sites.

Tailwinds

  • Improved margin environment in the LNG market.
  • Strong operating performance at both Sabine Pass and Corpus Christi facilities.
  • Strategic growth with FID of Corpus Christi Stage 3.
  • Significant commercial momentum.
  • Early termination of TUA with Chevron.

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 Q2 2022

Historical avgQ2 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro