June 6, 2018 - 7:00 AM EDT
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Free Post Earnings Research Report: Cheniere Energy's Quarterly Earnings Advanced 552.17%

Stock Monitor: American Midstream Partners Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 6, 2018 / If you want access to our free earnings report on Cheniere Energy, Inc. (NYSE: LNG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LNG. The Company reported its financial results on May 04, 2018, for the first quarter of the fiscal year 2018, ended March 31, 2018. The Company surpassed analysts' estimates for earnings and revenues for Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for American Midstream Partners, LP (NYSE: AMID), which also belongs to the Basic Materials sector as the Company Cheniere Energy. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Cheniere Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

Cheniere Energy's total revenues reached $2.24 billion in Q1 FY18, reflecting an increase of 85.14% from $1.21 billion in Q1 FY17, led by a robust liquefied natural gas (LNG) market and superior execution throughout the Company. The Company's revenue numbers exceeded analysts' consensus estimates by $620 million. For the quarter under review, the Company's LNG core revenues advanced 89.50% to $2.17 billion on a y-o-y basis, while its regasification revenues remained unchanged at $65 million.

During Q1 FY18, Cheniere Energy incurred total operating costs and expenses of $1.50 billion, 79.04% higher than $835 million in Q1 FY17. The Company's cost of sales, excluding depreciation and amortization, advanced 88.78% to $1.18 billion on a y-o-y basis in the reported quarter from $624 million in the previous year's same quarter. Cheniere Energy incurred operating and maintenance expenses of $140 million and selling, general, and administrative expenses (SG&A) of $67 million in Q1 FY18.

Cheniere Energy's income from operations jumped 98.67% to $747 million in the quarter under review from $376 million in the prior year's comparable quarter. This included depreciation and amortization expenses, loss from changes in fair value of commodity and FX derivatives, and non-cash compensation expenses. Excluding these items, the Company had consolidated adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $907 million in Q1 FY18, 87.78% higher than $483 million in Q1 FY17.

Cheniere Energy's net income attributable to common stockholders was $357 million in Q1 FY18, up 561.11% from $54 million in Q1 FY17. The Company's diluted earnings per share (EPS) also rose 552.17% to $1.50 in the reported quarter from $0.23 in the year ago corresponding quarter, beating analysts' consensus estimates by $1.03. The increase in net income was primarily due to an increased income from operations, as a result of additional trains in operation at the SPL Project; an increased derivative gain related to interest rate swap position; and a decreased loss on early extinguishment of debt.

Cash Matters

Cheniere Energy had cash and cash equivalents of $715 million as on March 31, 2018, a decrease of 0.97% from $722 million as on December 31, 2017. The Company had a long-term debt of $25.66 billion as on March 31, 2018, up 1.26% from $25.34 billion as on December 31, 2018.

Cheniere Energy had a distributable cash flow of approximately $270 million in the reported quarter.


Cheniere Energy revised its guidance for the full fiscal year 2018. Cheniere Energy expects net income attributable to common stockholders to be in the range of $0.20 billion to $0.40 billion for FY18 compared to the prior guidance of $0.10 billion. The Company now expects consolidated adjusted EBITDA of $2.30 billion to $2.50 billion, up from the previous guidance of $2 billion to $2.20 billion. Cheniere Energy anticipates distributable cash flow to be in the band of $0.35 billion to $0.55 billion compared to previous expectations of $0.20 billion to $0.40 billion.

Stock Performance Snapshot

June 05, 2018 - At Tuesday's closing bell, Cheniere Energy's stock slightly rose 0.15%, ending the trading session at $65.95.

Volume traded for the day: 2.39 million shares, which was above the 3-month average volume of 2.27 million shares.

Stock performance in the last month – up 5.59%; previous three-month period – up 20.57%; past twelve-month period – up 33.88%; and year-to-date – up 22.49%

After yesterday's close, Cheniere Energy's market cap was at $16.22 billion.

Price to Earnings (P/E) ratio was at 51.04.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry. This sector was flat at the end of the session.


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Source: ACCESSWIRE Investor Awareness (June 6, 2018 - 7:00 AM EDT)

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