NYSE$LNG

Cheniere Energy Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Cheniere reported financial results for the second quarter of 2023 and raised 2023 financial guidance.

Cheniere Energy, Inc. announced strong financial results for the second quarter of 2023, with revenues of $4.1 billion and net income of $1.4 billion. The company also raised its full year 2023 Consolidated Adjusted EBITDA and Distributable Cash Flow guidance.

  • Generated revenues of approximately $4.1 billion and net income of approximately $1.4 billion.
  • Raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.3 billion - $8.8 billion.
  • Signed new long-term contracts representing an aggregate of up to approximately 76 million tonnes of liquefied natural gas.
  • Subsidiaries entered the pre-filing review process with the FERC for the SPL Expansion Project.

Headline financials

Total Revenue

$4.1B

Previous: $8.01B-48.8%
EPS (adj)

$5.61

Previous: $2.90+93.4%
LNG Cargoes Exported

149

Previous: 156-4.5%
Capital Expenditures

-$1.04B

Previous: -$1.02B-2.1%
Free Cash Flow

$325M

Previous: -$282M+215.2%
Net Income

$1.37B

Previous: $741M+84.8%
Operating Income

$2.31B

Previous: $1.48B+56.3%
Gross Profit

$3.62B

Previous: $7.59B-52.4%
Cash & Equivalents

$4.53B

Previous: $2.63B+72.1%
Total Assets

$41.8B

Previous: $41.3B+1.2%
Stock-Based Comp

$36M

Previous: $36M+0.0%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$4.1B

Q2 2023-48.8%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cheniere · $3.95B total across 2 segments · Q2 2023

  • LNG Revenues
    $3.92B-50.2%
  • Regasification Revenues
    $33M-51.5%

Forward guidance

Cheniere raised full year 2023 Consolidated Adjusted EBITDA guidance to $8.3 billion - $8.8 billion and full year 2023 Distributable Cash Flow guidance to $5.8 billion - $6.3 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 Q2 2023

Historical avgQ2 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%

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