NYSE$LNG

Cheniere Energy Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Cheniere reported financial results with increased revenues and adjusted EBITDA, but a net loss due to derivative losses.

Cheniere Energy, Inc. announced its Q4 2021 financial results, featuring a consolidated Adjusted EBITDA of approximately $1.3 billion and a net loss of approximately $1.3 billion. The company is raising its full year 2022 Consolidated Adjusted EBITDA guidance to $7.0 - $7.5 billion.

  • Consolidated Adjusted EBITDA of approximately $1.3 billion for the fourth quarter 2021.
  • Distributable Cash Flow of approximately $540 million for the fourth quarter 2021.
  • Raising full year 2022 Consolidated Adjusted EBITDA guidance to $7.0 - $7.5 billion.
  • Substantial completion was achieved on Train 6 of the SPL Project on February 4, 2022.

Headline financials

Total Revenue

$6.56B

Previous: $2.79B+135.3%
EPS (adj)

-$5.22

Previous: -$0.77-577.9%
LNG Cargoes Exported

153

Previous: 130+17.7%
Capital Expenditures

$205M

Previous: $402M-49.0%
Free Cash Flow

$207M

Previous: $98M+111.2%
Net Income

-$1.09B

Previous: -$194M-461.3%
Operating Income

$439M

Previous: $276M+59.1%
Gross Profit

$11.9B

Previous: $4.65B+156.2%
Cash & Equivalents

$1.4B

Previous: $1.63B-13.8%
Total Assets

$39.3B

Previous: $35.7B+10.0%
Stock-Based Comp

$49M

Previous: $26M+88.5%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$6.56B

Q4 2021+135.3%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Cheniere · $6.47B total across 2 segments · Q4 2021

  • LNG Revenues
    $6.41B+138.3%
  • Regasification Revenues
    $67M+0.0%

Forward guidance

Cheniere is raising its 2022 financial guidance due to the early completion of Sabine Pass Train 6, the sustained strength in the global LNG market, and the timing of delivery of certain cargoes around year end 2021.

Tailwinds

  • Early completion of Sabine Pass Train 6
  • Sustained strength in the global LNG market
  • Timing of delivery of certain cargoes around year end 2021
  • Demand for reliable LNG supply continues to grow
  • Confidence in a positive FID on Corpus Christi Stage 3 this year

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 Q4 2021

Historical avgQ4 2021

+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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