NYSE$LNG

Cheniere Energy Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Cheniere reported strong Q4 2022 results driven by increased LNG margins and volumes.

Cheniere Energy, Inc. announced its Q4 and full year 2022 financial results, reporting revenues of $9.1 billion and net income of $3.9 billion for the quarter. The company's performance was driven by increased LNG margins and volumes. Cheniere also introduced full year 2023 financial guidance.

  • Cheniere generated revenues of approximately $9.1 billion and net income of approximately $3.9 billion for the three months ended December 31, 2022.
  • Consolidated Adjusted EBITDA increased approximately $1.8 billion for the three months ended December 31, 2022.
  • During the three months ended December 31, 2022, Cheniere prepaid approximately $2.2 billion of consolidated long-term indebtedness and repurchased approximately 4.4 million shares of common stock for over $700 million.
  • In November 2022, Cheniere achieved its first investment grade issuer rating from S&P Global Ratings.

Headline financials

Total Revenue

$9.09B

Previous: $6.56B+38.6%
EPS (adj)

$15.78

Previous: -$5.22+402.3%
LNG Cargoes Exported

166

Previous: 153+8.5%
Capital Expenditures

$491M

Previous: $205M+139.5%
Free Cash Flow

$2.46B

Previous: $207M+1088.9%
Net Income

$3.94B

Previous: -$1.09B+461.5%
Operating Income

$6.71B

Previous: $439M+1428.7%
Gross Profit

$10.6B

Previous: $11.9B-11.5%
Cash & Equivalents

$1.35B

Previous: $1.4B-3.6%
Total Assets

$41.3B

Previous: $39.3B+5.1%
Stock-Based Comp

$90M

Previous: $49M+83.7%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$9.09B

Q4 2022+38.6%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cheniere · $9.09B total across 3 segments · Q4 2022

  • LNG Revenues
    $8.36B+30.4%
  • Regasification Revenues
    $477M+611.9%
  • Other Revenues
    $253M

Forward guidance

Cheniere introduces full year 2023 Consolidated Adjusted EBITDA guidance of $8.0 - $8.5 billion and full year 2023 Distributable Cash Flow guidance of $5.5 - $6.0 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 Q4 2022

Historical avgQ4 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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