Cheniere Energy $LNG Reports Beats, Crushes Estimates

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Cheniere Energy $LNG stock moved higher in early trading on August 4, 2022, after the company reported impressive beats.

Cheniere and PTT sign long-term LNG sale and purchase agreement

On July 26, 2022, Cheniere Energy announced that its wholly-owned subsidiary, Corpus Christi Liquefaction, has entered into a long-term liquefied natural gas sale and purchase agreement with PTT Global LNG Company Limited, a wholly-owned subsidiary of PTT Public Company Limited, Thailand’s largest state-owned, multinational energy company. Under the SPA, PTTGL has agreed to purchase 1.0 million tonnes per annum of LNG from CCL for twenty years beginning in 2026. The SPA calls for a combination of free-on-board and delivered ex-ship deliveries. This customized structure represents a further evolution in Cheniere’s commercial offerings tailored to the specific needs of LNG customers worldwide. The purchase price for LNG under the SPA is indexed to the Henry Hub price, plus a fixed liquefaction fee.

“We are pleased to enter into this 20-year SPA with a subsidiary of PTT, the state-owned oil and gas company of Thailand, which developed, owns, and operates Thailand’s first LNG import terminal and is an energy leader in a key, fast-growing Southeast Asian market,” said Jack Fusco, Cheniere’s President, and Chief Executive Officer. “This is the first direct LNG contract from a US LNG producer for PTTGL, and this agreement not only reflects the critical need for long-term, reliable LNG supply across the globe but also the important role LNG has to play in powering growing economies for decades to come.”

Cheniere Energy Reports Second Quarter 2022 Results

On August 4, 2022, Cheniere Energy announced its financial results for the second quarter of 2022. Cheniere Energy reported Q2 EPS of $2.90 versus the consensus estimate of $3.17. The company reported Q2 revenue of $8.01B versus the consensus estimate of $6.39B. The company reported consolidated Adjusted EBITDA of approximately $2.5B and $5.7B for the three and six months ended June 30, 2022, respectively.

“The second quarter was marked by many successes, including excellent safety and operating performance at both of our facilities and seamless execution of our strategy throughout the LNG value chain. We secured meaningful growth of our LNG platform with the FID of Corpus Christi Stage 3, maintained significant commercial momentum, and commenced providing our Cargo Emission Tags – all of which demonstrate the reliability and the durability of the Cheniere platform,” said Jack Fusco, Cheniere’s President, and Chief Executive Officer. “Our achievements across our operations, execution, capital allocation, and sustainability efforts continue to position Cheniere as a leader in the global LNG market for decades to come… Today we are once again raising our 2022 financial guidance, which is driven by the improved margin environment in the LNG market – underscoring the need for additional investment in natural gas infrastructure globally. I am proud of what our team has accomplished to heed the call for cleaner-burning, reliable energy supply and look forward to further expanding upon our existing platform with future growth at both of our sites.”

Bullish Option Flow Detected In $LNG Stock

GuerillaStockTrading has detected bullish option flow in $LNG stock over the last couple of weeks.

Lng Option Flow

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📺 Cheniere Energy CEO joins Brian Sullivan from CERAWeek

Cheniere Energy CEO joins Brian Sullivan from CERAWeek

📈 Cheniere Energy $LNG Chart

$LNG stock is in a strong uptrend. Long-term indicators support a continuation of the strong uptrend. The stock is a bit overbought but has been working off that overbought state over the last few days.

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