Cheniere Energy Stock News

HOUSTON (Reuters) – U.S. liquefied natural gas producer Cheniere Energy Inc. on Thursday said high prices and an “extremely volatile” global market are driving more long-term contracts of LNG volumes.

Cheniere Energy (LNG) reported its fourth quarter 2021 results on Thursday amid soaring energy prices following Russia's invasion of Ukraine. The firm ​​announced today that its subsidiary, Chenie

Cheniere Energy, Inc. (LNG) CEO Jack Fusco on Q4 2021 Results - Earnings Call Transcript

LNG exporter Cheniere Energy and oil stocks Denbury and Callon Petroleum reported Q4 earnings early Thursday as energy prices soared following Russia''s invasion of Ukraine.

Top U.S. exporter of liquefied natural gas Cheniere Energy Inc on Thursday raised its earnings outlook by about 20% on stronger margins and expected volume gains from new capacity. LNG demand has soared, sending prices late last year to record highs on supply shortages and a shift to gas from more polluting fuels. U.S. exports to Europe recently have jumped on supply shortages and a lack of pipeline inflows.

In the noon hour Thursday, U.S. markets had recovered a good bit of their early morning losses.

The Russian invasion of Ukraine will have far-reaching considerations. One that will affect Europe directly is that Russia supplies about 35% of the natural gas used across the European Union.

U.S. liquefied natural gas producer Cheniere Energy Inc. on Thursday said high prices and an "extremely volatile" global market are driving more long-term contracts of LNG volumes.

Cheniere Energy Inc. said Thursday its fourth-quarter net loss widened to $1.32 billion, or $5.22 a share, from $194 million, or 77 cents in the year-ago quarter. Revenue at the liquid natural gas exporter rose to $6.56 billion from $2.79 billion. Analysts expected the LNG exporter to earn $1.85 a share on sales of $4.61 billion, according to a FactSet survey. Citing favorable conditions in the LNG market and early completion of Sabine Pass Train 6, the company raised its adjusted Ebitda estimate for 2022 to $7 billion to $7.5 billion, up from its earlier projection of $5.8 billion to $6.3 billion. It also hiked its expected Cheniere Energy Partners L.P. 2022 distribution estimate to $4 to $4.25 per common unit and it will begin quarterly distributions this year. Shares of Cheniere Energy jumped 5% in premarket trades and Cheniere Energy Partners rallied 7.7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Cheniere Energy (LNG) delivered earnings and revenue surprises of -164.64% and 22.30%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

After rising to just over $100 a barrel early Thursday morning, West Texas Intermediate (WTI) crude oil traded at around $98.30 just before 8:00 a.m.

Cheniere Energy (NYSE:LNG) is scheduled to announce Q4 earnings results on Thursday, February 24th, before market open.The consensus EPS Estimate is $1.77 and the consensus Revenue…

The post European Natural Gas Turmoil Deepens as Russia Moves Into Ukraine LNG Recap appeared first on Natural Gas Intelligence

NEW YORK , Feb. 22, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LNG, CPE, DLTR, AA, and AAPL. Full story available on Benzinga.com