NYSE$LNG

Cheniere Energy Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Cheniere's financial results for Q4 and Full Year 2023 were announced.

Cheniere Energy, Inc. reported Q4 2023 revenues of $4.8 billion and net income of $1.4 billion. Full year 2023 Consolidated Adjusted EBITDA was at the high end of the guidance range, and Distributable Cash Flow was above guidance. The company also introduced full year 2024 financial guidance.

  • Generated revenues of approximately $4.8 billion and net income of approximately $1.4 billion for the quarter ended December 31, 2023.
  • Full year 2023 Consolidated Adjusted EBITDA results are at the high end of the most recent guidance range, and full year 2023 Distributable Cash Flow results are above the most recent guidance range.
  • Introduced full year 2024 Consolidated Adjusted EBITDA guidance of $5.5 billion - $6.0 billion and full year 2024 Distributable Cash Flow guidance of $2.9 billion - $3.4 billion.
  • From January 1, 2024 through February 16, 2024, Cheniere has repurchased approximately 2.9 million shares for over $450 million, reducing the number of shares outstanding to below 235 million.

Headline financials

Total Revenue

$4.75B

Previous: $9.09B-47.7%
EPS (adj)

$5.76

Previous: $15.78-63.5%
Capital Expenditures

-$691M

Previous: $491M-240.7%
Free Cash Flow

$1.03B

Previous: $2.46B-58.2%
Net Income

$1.38B

Previous: $3.94B-65.0%
Operating Income

$2.44B

Previous: $6.71B-63.7%
Gross Profit

-$5.28B

Previous: $10.6B-150.1%
Stock-Based Comp

$122M

Previous: $90M+35.6%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$4.75B

Q4 2023-47.7%vs Q4 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Cheniere · $4.01B total across 2 segments · Q3 2023

  • LNG Revenues
    $3.97B-51.7%
  • Regasification Revenues
    $34M-92.5%

Forward guidance

Cheniere introduced full year 2024 Consolidated Adjusted EBITDA guidance of $5.5 billion - $6.0 billion and full year 2024 Distributable Cash Flow guidance of $2.9 billion - $3.4 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 2023

Historical avgQ4 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%

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