NYSE$LNG
Cheniere Energy Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported a net loss and decreased revenues due to accelerated recognition of revenues in prior periods related to elections by long-term SPA customers.
Cheniere Energy reported a net loss of $463 million for the third quarter of 2020, compared to a net loss of $318 million for the comparable 2019 period. Consolidated Adjusted EBITDA was $477 million, compared to $694 million for the comparable 2019 period.
- Net loss increased primarily due to decreased total margins and increased loss on modification or extinguishment of debt.
- Total margins decreased primarily due to the accelerated recognition of revenues in prior periods related to elections by long-term SPA customers.
- Consolidated Adjusted EBITDA decreased primarily due to the accelerated recognition of revenues in prior periods related to elections by long-term SPA customers.
- Reconfirmed full year 2020 financial guidance and provided robust financial guidance for full year 2021.
Headline financials
Revenue & EPS history
Cheniere · Revenue · Quarterly
$1.46B
Revenue by segment
Cheniere · $1.44B total across 2 segments · Q3 2020
- LNG Revenues$1.37B—95.3%
- Regasification Revenues$67M—4.7%
Forward guidance
Cheniere reconfirmed its full year 2020 financial guidance and provided robust financial guidance for full year 2021. They also raised their run rate Consolidated Adjusted EBITDA and Distributable Cash Flow guidance.
Tailwinds
- Consolidated Adjusted EBITDA 2020: $3.8 - $4.1 billion
- Distributable Cash Flow 2020: $1.0 - $1.3 billion
- Consolidated Adjusted EBITDA 2021: $3.9 - $4.2 billion
- Distributable Cash Flow 2021: $1.2 - $1.5 billion
- Revised Run Rate Consolidated Adjusted EBITDA: $5.3 - $5.7 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 Q3 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
| Quarter | Report date | Reaction (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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