NYSE$LNG

Cheniere Energy Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cheniere reported strong quarterly earnings, confirmed its revised 2022 guidance, and implemented its '20/20 Vision' long-term capital allocation plan.

Cheniere Energy, Inc. announced its financial results for the third quarter 2022, reporting a net loss of approximately $2.4 billion. However, the company reconfirmed its full year 2022 Consolidated Adjusted EBITDA guidance of $11.0 - $11.5 billion and full year 2022 Distributable Cash Flow guidance of $8.1 - $8.6 billion.

  • Consolidated Adjusted EBITDA of approximately $2.8 billion.
  • Distributable Cash Flow of approximately $2.0 billion.
  • Net loss of approximately $2.4 billion.
  • Reconfirming full year 2022 Consolidated Adjusted EBITDA guidance of $11.0 - $11.5 billion and full year 2022 Distributable Cash Flow guidance of $8.1 - $8.6 billion.

Headline financials

Total Revenue

$8.85B

Previous: $3.2B+176.6%
EPS (adj)

-$9.54

Previous: -$4.27-123.4%
LNG Cargoes Exported

156

Previous: 141+10.6%
Capital Expenditures

-$1.34B

Previous: -$761M-76.0%
Free Cash Flow

-$3.72B

Previous: -$1.85B-101.8%
Net Income

-$2.39B

Previous: -$1.08B-120.0%
Operating Income

-$3.02B

Previous: -$2.35B-28.3%
Gross Profit

$8.43B

Previous: $2.85B+195.9%
Cash & Equivalents

$2.5B

Previous: $2.2B+13.7%
Total Assets

$43.6B

Previous: $40.2B+8.6%
Stock-Based Comp

$36M

Previous: $28M+28.6%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$8.85B

Q3 2022+176.6%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cheniere · $8.69B total across 2 segments · Q3 2022

  • LNG Revenues
    $8.24B+167.6%
  • Regasification Revenues
    $455M+569.1%

Forward guidance

Cheniere reconfirms full year 2022 Consolidated Adjusted EBITDA guidance of $11.0 - $11.5 billion and full year 2022 Distributable Cash Flow guidance of $8.1 - $8.6 billion.

Tailwinds

  • Full year 2022 Consolidated Adjusted EBITDA guidance of $11.0 - $11.5 billion.
  • Full year 2022 Distributable Cash Flow guidance of $8.1 - $8.6 billion.
  • Expects to generate over $20 billion of available cash through 2026 and construction of the CCL Stage 3 Project.
  • Increased share repurchase authorization by $4.0 billion for an additional three years, beginning October 1, 2022.
  • Lowered its consolidated long-term leverage target to approximately 4.0x.

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 2022

Historical avgQ3 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%

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