Cheniere Energy (NYSE:LNG) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$3.17b (down 21% from 2Q 2023).
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Net income: US$880.0m (down 36% from 2Q 2023).
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Profit margin: 28% (down from 34% in 2Q 2023). The decrease in margin was driven by lower revenue.
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EPS: US$3.85 (down from US$5.65 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cheniere Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 132%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company’s shares are up 3.7% from a week ago.
Risk Analysis
It’s necessary to consider the ever-present spectre of investment risk. We’ve identified 2 warning signs with Cheniere Energy (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.
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