NYSE$LNG

Cheniere Energy Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Cheniere Partners reported a decline in revenue and net income for Q4 2024 compared to the prior year, primarily due to lower LNG gross margins and unfavorable derivative valuations.

Cheniere Partners' Q4 2024 revenue decreased by 8% year-over-year to $2.46 billion, while net income dropped by 31% to $623 million. The company exported 110 LNG cargoes with total volumes of 399 TBtu. Operating income reached $812 million, with a reported adjusted EBITDA of $890 million. The company also declared a cash distribution of $0.820 per common unit.

  • Revenue declined 8% year-over-year to $2.46 billion.
  • Net income fell 31% to $623 million due to unfavorable derivative valuations.
  • Exported LNG volumes declined 5% to 399 TBtu.
  • Declared a cash distribution of $0.820 per common unit.

Headline financials

Total Revenue

$2.46B

Previous: $4.75B-48.2%
EPS (adj)

$1.05

Previous: $5.76-81.8%
Net Income

$623M

Previous: $1.38B-54.8%
Operating Income

$812M

Previous: $2.44B-66.7%

Revenue & EPS history

Cheniere · Revenue · Quarterly

$2.46B

Q4 2024-48.2%vs Q4 2023
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 Partners introduced a full-year 2025 distribution guidance of $3.25 - $3.35 per common unit, maintaining a base distribution of $3.10 per unit. The company expects stable cash flows despite market volatility.

Tailwinds

  • Maintaining a stable base distribution of $3.10 per common unit.
  • Continuing development of SPL Expansion Project for future growth.
  • Strong liquidity position with $2.2 billion available.
  • Favorable regulatory approvals for LNG exports to FTA countries.
  • Steady LNG production capacity at 30 mtpa.

Headwinds

  • Declining LNG margins due to market conditions.
  • Unfavorable derivative valuations impacting earnings.
  • Decrease in LNG cargo volumes year-over-year.
  • Higher operating expenses compared to prior periods.
  • Potential headwinds from international gas price fluctuations.

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 2024

Historical avgQ4 2024

+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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