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Cheniere Energy (LNG)

Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.

Company profile

Ticker
LNG
Exchange
CEO
Jack A. Fusco
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BEXY COMMUNICATIONS INC, CHENIERE ENERGY INC
SEC CIK
Subsidiaries
Cheniere CCH HoldCo I, LLC • Cheniere CCH HoldCo II, LLC • Cheniere Corpus Christi Holdings, LLC • Cheniere Corpus Christi Pipeline, L.P. • Cheniere Creole Trail Pipeline, L.P. • Cheniere Energy • Cheniere Energy Operating Co., Inc. • Cheniere Energy Partners LP Holdings, LLC • Cheniere Field Services, LLC • Cheniere GP Holding Company, LLC ...
IRS number
954352386

LNG stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
18 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.97B 2.97B 2.97B 2.97B 2.97B 2.97B
Cash burn (monthly) (no burn) (no burn) (no burn) 152.67M (no burn) (no burn)
Cash used (since last report) n/a n/a n/a 251.64M n/a n/a
Cash remaining n/a n/a n/a 2.71B n/a n/a
Runway (months of cash) n/a n/a n/a 17.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Aug 22 Lorraine Mitchelmore Common Stock Payment of exercise Dispose F No No 157.57 91 14.34K 4,426
4 Aug 22 Zach Davis Common Stock Payment of exercise Dispose F No No 144.13 1,259 181.46K 142,768
1 Jul 22 Zach Davis Common Stock Payment of exercise Dispose F No No 131.95 2,523 332.91K 144,027
1 Jul 22 Stephenson Aaron D. Common Stock Payment of exercise Dispose F No No 131.95 1,096 144.62K 59,016
12 May 22 Neal A Shear Common Stock Grant Acquire A No No 0 2,387 0 28,545
86.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 774 741 +4.5%
Opened positions 123 163 -24.5%
Closed positions 90 62 +45.2%
Increased positions 299 259 +15.4%
Reduced positions 246 228 +7.9%
13F shares Current Prev Q Change
Total value 27.81B 29.53B -5.8%
Total shares 214.82M 219.62M -2.2%
Total puts 1.65M 1.43M +14.9%
Total calls 2.33M 1.95M +19.5%
Total put/call ratio 0.7 0.7 -3.8%
Largest owners Shares Value Change
Vanguard 21.57M $2.87B +1.1%
BLK Blackrock 17.98M $2.39B +0.8%
FMR 11.16M $1.48B +0.1%
Abu Dhabi Investment Authority 9.64M $578.72M 0.0%
STT State Street 6.91M $918.86M -0.4%
BX Blackstone 6.49M $863.69M -11.6%
Icahn Carl C Et Al 5.61M $746.51M -42.3%
DB Deutsche Bank AG - Registered Shares 5.27M $700.84M -6.3%
American Century Companies 4.33M $576.28M -22.1%
Tortoise Capital Advisors, L.L.C. 4.25M $565.23M -7.2%
Largest transactions Shares Bought/sold Change
Icahn Carl C Et Al 5.61M -4.11M -42.3%
Manufacturers Life Insurance Company, The 4.1M -3.01M -42.3%
TROW T. Rowe Price 2.55M +2.41M +1795.5%
LGEN Legal & General 0 -2.01M EXIT
American Century Companies 4.33M -1.23M -22.1%
Artisan Partners Limited Partnership 1.17M +1.17M NEW
Van Eck Associates 127.87K -899.96K -87.6%
BX Blackstone 6.49M -855.39K -11.6%
BMO Bank of Montreal 312.68K -839.73K -72.9%
Capital World Investors 3.64M +810.74K +28.7%

Financial report summary

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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.
  • 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 significant customer fails to perform its contractual obligations for any reason.
  • Our subsidiaries may be restricted under the terms of their indebtedness from making distributions under certain circumstances, which may limit CQP’s 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.
  • Our efforts to manage commodity and financial risks through derivative instruments, including our IPM agreements, could adversely affect our results of operations and financial condition.
  • Restrictions in agreements governing us and our subsidiaries’ indebtedness may prevent us and our subsidiaries from engaging in certain beneficial transactions, which could materially and adversely affect us.
  • The market price of our common stock has fluctuated significantly in the past and is susceptible to fluctuations in the future due to market volatility and other factors. Our stockholders could lose all or part of their investment.
  • Our ability to declare and pay dividends and repurchase shares is subject to certain considerations.
  • Catastrophic weather events 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.
  • Our ability to complete development of additional Trains, including Corpus Christi Stage 3, 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.
  • Cost overruns and delays in the completion of our expansion projects, including Corpus Christi Stage 3, 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.
  • Disruptions to the third party supply of natural gas to our pipelines and facilities 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.
  • We are dependent on our EPC partners and other contractors for the successful completion of the Liquefaction Projects and any potential expansion projects, including Corpus Christi Stage 3.
  • There may be impediments to the transport of LNG, such as shortages of LNG vessels worldwide or operational impacts on LNG shipping, including maritime transportation routes, which could have a material adverse effect on our business, contracts, financial condition, operating results, cash flow, liquidity and 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 flow, 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.
  • We face competition based upon the international market price for LNG.
  • A cyber attack involving our business, operational control systems or related infrastructure, or that of third party pipelines which supply the Liquefaction Facilities, could negatively impact our operations, result in data security breaches, impede the processing of transactions or delay financial or compliance reporting. These impacts could materially and adversely affect our business, contracts, financial condition, operating results, cash flow and liquidity.
  • 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 interstate natural gas pipelines and their FERC gas tariffs are subject to FERC regulation. If we fail to comply with such regulations, we could be subject to substantial penalties and fines.
  • 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.
  • Pipeline safety and compliance programs and repairs may impose significant costs and liabilities on us.
  • Additions or changes in tax laws and regulations could potentially affect our financial results.
Management Discussion
  • The favorable variance of $1,070 million during three months ended June 30, 2022 from the comparable 2021 period was primarily due to increased gross margin per MMBtu on LNG delivered largely due to higher margins on sales indexed to or derived from international gas prices and on sales indexed to Henry Hub plus a mark up, generally at 115%, as a result of increases in the associated indices. To a lesser extent, gross margins increased due to increased volumes delivered between the periods, in part due to substantial completion and commencement of operations of Train 6 of the SPL Project on February 4, 2022 (the “Train 6 Completion”). The favorable variance was partially offset by an increase in derivative losses from changes in fair value and settlements of $262 million (pre-tax and excluding the impact of non-controlling interest) between the respective periods, as further described below.

Content analysis

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H.S. senior Avg
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