Cheniere Energy: 4Q Earnings Snapshot

February 24, 2021 Stu Turley Earnings, Finance
Cheniere -Energy News Beat

Cheniere Energy Inc. (LNG) on Wednesday reported a fourth-quarter loss of $194 million, after reporting a profit in the same period a year earlier.

The Houston-based company said it had a loss of 77 cents per share. Earnings, adjusted for non-recurring costs, were 84 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.

The natural gas company posted revenue of $2.79 billion in the period.

For the year, the company reported a loss of $85 million, or 34 cents per share, swinging to a loss in the period. Revenue was reported as $9.36 billion.

Cheniere Energy shares have climbed 16% since the beginning of the year. The stock has increased 34% in the last 12 months.

 

About Stu Turley 3359 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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