Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates
LNGCheniere(LNG) Zacks Investment Research·2024-05-06 22:51

Cheniere Energy Inc. (LNG) reported first-quarter 2024 adjusted profit of 2.13pershare,whichmissedtheZacksConsensusEstimateof2.13 per share, which missed the Zacks Consensus Estimate of 2.3. This underperformance can be primarily attributed to a year-over-year increase in costs and expenses. The bottom line also deteriorated from the year-ago quarter’s level of 6.89.Revenuestotaled6.89. Revenues totaled 4.3 billion, which beat the Zacks Consensus Estimate of 4billion.Thiswasprimarilyduetogasexportrevenuesof4 billion. This was primarily due to gas export revenues of 4 billion, which beat the consensus estimate by 7.1%. ...