Cheniere Energy Q3 profit rises 12% on LNG volumes and margins

Overview

• US LNG exporter reported Q3 revenue up 39% yr/yr, beating analyst expectations

• Adjusted EBITDA rose 18%, but missed analyst expectations

• Net income rose 12% yr/yr, driven by higher LNG volumes and margins

Outlook

• Cheniere raises 2026 adj EBITDA guidance to $8.75-$9.25 bln from $7.90-$8.40 bln

• Company lifts 2026 distributable cash flow outlook to $6.05-$6.55 bln from $5.30-$5.80 bln

• Company says CCL Stage 3 completion and debottlenecking provide increased visibility for 2027 production

Result Drivers

• LNG VOLUMES AND MARGINS - Co attributed Q3 net income growth to higher LNG volumes and improved margins per MMBtu delivered, along with lower income tax provisions

• CAPACITY EXPANSION - Completion of CCL Stage 3 Project expanded LNG production capacity by over 20%

Company press release: ID:nBw89H970a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for Cheniere Energy, Inc. is $317.00, about 6.5% above its October 28 closing price of $297.77

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads

• Oct 29 - Cheniere reports rise in third-quarter net income

• Oct 28 - US regulator proposes new rules to speed up LNG projects

• Oct 28 - US agency approves deepwater port license application for $8.2 billion ST LNG project

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)