Cheniere Energy (LNG) Posts Q1 GAAP Loss of $1.18/Share

Cheniere Energy (NYSE: LNG) reported Q1 EPS of ($1.18), which may not compare with the analyst estimate of ($0.31). Revenue for the quarter came in at $68.36 million versus the consensus estimate of $67.7 million.

Results include significant items for the three months ended March 31, 2015 of $231.0 million, compared to $46.8 million for the comparable 2014 period. The significant items for the three months ended March 31, 2015 related to derivative losses due primarily to contingent interest rate derivatives entered into and changes in long-term LIBOR during the period, losses on early extinguishment of debt related to the write-off of debt issuance costs by Sabine Pass Liquefaction, LLC ("SPL") in connection with the refinancing of a portion of its credit facilities in March 2015, and for development expenses primarily for the liquefaction facilities being developed by us near Corpus Christi, Texas (the "CCL Project").

For earnings history and earnings-related data on Cheniere Energy (LNG) click here.

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