Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Hazloc Heaters
Copper Tip Energy


Cheniere Rises as LNG Exporter Signals More Cash Is on the Way


These translations are done via Google Translate
(Bloomberg) Cheniere Energy Inc. boosted its full-year 2022 profit forecast beyond analysts’ expectations as the largest US exporter of liquefied natural gas said some shipments will depart sooner than anticipated. The shares rose.One measure of earnings is now seen at a midpoint of about $11.3 billion this year, up from $10.1 billion previously, the company said in a statement on Monday. Cash flow probably will be $1.2 billion higher than forecast at a midpoint of $8.4 billion.

Cheniere has benefited from booming overseas gas demand as European buyers seek replacements for supplies from Russia, which has restricted flows amid an increasingly bitter geopolitical standoff over its invasion of Ukraine.

GLJ
MicroWatt Controls: Instrumentation & Safety System Experts
Tarco | Delivering Engineered Solutions

Shares of Cheniere rose 3.1% at 5:07 p.m. in New York.


Get the Latest US Focused Energy News Delivered to You! It's FREE: Quick Sign-Up Here


Cheniere, which has reached a final investment decision on its Corpus Christi Stage 3 Liquefaction Project in Texas, is now expecting to generate over $20 billion in cash through 2026, the company said.



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE