Company profile

Ticker
LNG
Exchange
CEO
Jack A. Fusco
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Bexy Communications Inc, Cheniere Energy Inc
SEC CIK
IRS number
954352386

LNG stock data

(
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FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

25 Feb 20
5 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 3.01B 2.17B 2.29B 2.26B
Net income 939M -318M -114M 141M
Diluted EPS 3.34 -1.25 -0.44 0.54
Net profit margin 31.23% -14.65% -4.97% 6.24%
Operating income 1.02B 307M 432M 606M
Net change in cash -65M 260M 1.19B 112M
Cash on hand 2.47B 2.54B 2.28B 1.09B
Cost of revenue 1.28B 1.2B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 9.73B 7.99B 5.6B 1.28B
Net income 648M 471M -393M -610M
Diluted EPS 2.51 1.9 -1.68 -2.67
Net profit margin 6.66% 5.90% -7.02% -47.54%
Operating income 2.36B 2.02B 1.39B -30M
Net change in cash 1.49B 259M -154M -325.11M
Cash on hand 2.47B 981M 722M 876M
Cost of revenue 4.6B 3.12B 582M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
10 Mar 20 Brandolini Nuno Common Stock Buy Aquire P 39.438 6,331 249.68K 12,331
10 Mar 20 Langham Andrew Common Stock Buy Aquire P 37.9082 3,300 125.1K 13,174
9 Mar 20 Neal A Shear Common Stock Buy Aquire P 37.3976 1,250 46.75K 25,110
9 Mar 20 Neal A Shear Common Stock Buy Aquire P 39.26 2,500 98.15K 23,860
5 Mar 20 Jack A Fusco Common Stock Buy Aquire P 45.8087 800 36.65K 198,778
5 Mar 20 Jack A Fusco Common Stock Buy Aquire P 47.3986 20,200 957.45K 197,978
5 Mar 20 Donald F Robillard JR Common Stock Buy Aquire P 46.9581 2,000 93.92K 30,121
92.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 494 494
Opened positions 72 53 +35.8%
Closed positions 72 90 -20.0%
Increased positions 153 158 -3.2%
Reduced positions 157 174 -9.8%
13F shares
Current Prev Q Change
Total value 14.33B 14.95B -4.2%
Total shares 234.65M 237.7M -1.3%
Total puts 2.96M 3.66M -19.0%
Total calls 3.1M 2.68M +15.6%
Total put/call ratio 1.0 1.4 -29.9%
Largest owners
Shares Value Change
Vanguard 21.73M $1.33B -0.2%
Icahn Carl C Et Al 19.59M $1.2B 0.0%
BLK BlackRock 14.46M $883.21M -8.4%
FMR 10.88M $664.66M -12.1%
Baupost 10.14M $619.2M 0.0%
Kensico Capital Management 10.05M $613.62M -7.2%
Tortoise Capital Advisors, L.L.C. 9.55M $583.33M -1.0%
GS Goldman Sachs 8.38M $511.77M +12.2%
Manufacturers Life Insurance Company, The 7.69M $469.87M -2.9%
DB Deutsche Bank 7.41M $452.27M +7.6%
Largest transactions
Shares Bought/sold Change
Anchorage Capital Group, L.L.C. 0 -3.9M EXIT
Norges Bank 1.83M +1.83M NEW
MCQEF Macquarie 4.1M +1.75M +74.1%
FMR 10.88M -1.5M -12.1%
BLK BlackRock 14.46M -1.33M -8.4%
GS Goldman Sachs 8.38M +911.56K +12.2%
Renaissance Technologies 405.89K -892.66K -68.7%
Dumont Global 889.98K +889.98K NEW
Freshford Capital Management 0 -821.23K EXIT
Kensico Capital Management 10.05M -777.2K -7.2%

Financial report summary

?
Risks
  • Our existing level of cash resources and significant debt could cause us to have inadequate liquidity and could materially and adversely affect our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • We have not always been profitable historically. We may not achieve profitability or generate positive operating cash flow in the future.
  • We may sell equity or equity-related securities or assets, including equity interests in Cheniere Partners. Such sales could dilute our stockholders’ proportionate indirect interests in our assets, business operations and proposed liquefaction and other projects of Cheniere Partners or other subsidiaries, and could adversely affect the market price of our common stock.
  • Our stockholders may experience dilution upon the conversion of our convertible notes.
  • Our ability to generate cash is substantially dependent upon the performance by customers under long-term contracts that we have entered into, and we could be materially and adversely affected if any customer fails to perform its contractual obligations for any reason.
  • Each of our customer contracts is subject to termination under certain circumstances.
  • Our subsidiaries may be restricted under the terms of their indebtedness from making distributions under certain circumstances, which may limit Cheniere Partners’ ability to pay or increase distributions to us or inhibit our access to cash flows from the CCL Project and could materially and adversely affect us.
  • Restrictions in agreements governing us and our subsidiaries’ indebtedness may prevent us and our subsidiaries from engaging in certain beneficial transactions.
  • Our use of hedging arrangements may adversely affect our future operating results or liquidity.
  • The regulatory and other provisions of the Dodd-Frank Act and the rules adopted thereunder and other regulations, including EMIR and REMIT, could adversely affect our ability to hedge risks associated with our business and our operating results and cash flows.
  • Operation of the Sabine Pass LNG terminal, the Liquefaction Projects, our pipelines and other facilities that we may construct involves significant risks.
  • Cost overruns and delays in the completion of one or more Trains, as well as difficulties in obtaining sufficient financing to pay for such costs and delays, could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • Our ability to complete development of additional Trains will be contingent on our ability to obtain additional funding. If we are unable to obtain sufficient funding, we may be unable to fully execute our business strategy.
  • Hurricanes or other disasters could result in an interruption of our operations, a delay in the completion of our liquefaction projects, damage to our liquefaction projects and increased insurance costs, all of which could adversely affect us.
  • Delays in the completion of one or more Trains could lead to reduced revenues or termination of one or more of the SPAs by our customers.
  • We are dependent on Bechtel and other contractors for the successful completion of the Liquefaction Projects.
  • If third-party pipelines and other facilities interconnected to our pipelines and facilities are or become unavailable to transport natural gas, this could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • We may not be able to purchase or receive physical delivery of sufficient natural gas to satisfy our delivery obligations under the SPAs, which could have a material adverse effect on us.
  • Our interstate natural gas pipelines and their FERC gas tariffs are subject to FERC regulation.
  • Pipeline safety integrity programs and repairs may impose significant costs and liabilities on us.
  • Any reduction in the capacity of, or the allocations to, interconnecting, third-party pipelines could cause a reduction of volumes transported in our pipelines, which would adversely affect our revenues and cash flow.
  • Our business could be materially and adversely affected if we lose the right to situate our pipelines on property owned by third parties.
  • We are relying on estimates for the future capacity ratings and performance capabilities of the Liquefaction Projects, and these estimates may prove to be inaccurate.
  • Any failure to perform by our counterparties under agreements may adversely affect our operating results, liquidity and access to financing.
  • We may not construct or operate all of our proposed LNG facilities or Trains or any additional LNG facilities or Trains beyond those currently planned, which could limit our growth prospects.
  • Cyclical or other changes in the demand for and price of LNG and natural gas may adversely affect our LNG business and the performance of our customers and could have a material adverse effect on our business, contracts, financial condition, operating results, cash flows, liquidity and prospects.
  • Failure of imported or exported LNG to be a competitive source of energy for the United States or international markets could adversely affect our customers and could materially and adversely affect our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • Various economic and political factors could negatively affect the development, construction and operation of LNG facilities, including the Liquefaction Projects and expansion projects, which could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • There may be shortages of LNG vessels worldwide, which could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • We may not be able to secure firm pipeline transportation capacity on economic terms that is sufficient to meet our feed gas transportation requirements, which could have a material adverse effect on us.
  • We face competition based upon the international market price for LNG.
  • Terrorist attacks, cyber incidents or military campaigns may adversely impact our business.
  • Existing and future environmental and similar laws and governmental regulations could result in increased compliance costs or additional operating costs or construction costs and restrictions.
  • A major health and safety incident relating to our business could be costly in terms of potential liabilities and reputational damages.
  • We may experience increased labor costs, and the unavailability of skilled workers or our failure to attract and retain qualified personnel could adversely affect us. In addition, changes in our senior management or other key personnel could affect our business results.
  • Our lack of diversification could have an adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and prospects.
  • We may incur impairments to goodwill or long-lived assets.
  • We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value.
Management Discussion
  • We begin recognizing LNG revenues from the Liquefaction Projects following the substantial completion and the commencement of operating activities of the respective Trains. The increase in revenues during each of the years was primarily attributable to the increased volume of LNG sold following the achievement of substantial completion of these Trains. The increase in revenue attributable to LNG volume sold during the year ended December 31, 2019 from the comparable period in 2018 was partially offset by decreased LNG revenues per MMBtu, which was primarily affected by market prices realized for volumes sold by our integrated marketing function. Additionally, the increase in other revenues during each of the years was due to an increase in sub-chartering income. We expect our LNG revenues to increase in the future upon Train 6 of the SPL Project and Train 3 of the CCL Project becoming operational, in addition to full year operation of the Trains that were completed during 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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