Cheniere Energy (LNG) Tops Q1 EPS by 26c, Revenues Beat

Cheniere Energy (NYSE: LNG) reported Q1 EPS of $0.54, $0.26 better than the analyst estimate of $0.28. Revenue for the quarter came in at $2.26 billion versus the consensus estimate of $1.94 billion.

“Our strong financial results for the first quarter 2019 are in line with our forecasts, and we are reconfirming our full year 2019 financial guidance. During the quarter, we placed both Sabine Pass Train 5 and Corpus Christi Train 1 into service only days apart, with both projects ahead of schedule and within budget - a significant achievement, and a product of our relentless focus on excellence in execution,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “We remain on track to place Corpus Christi Train 2 into service in the second half of 2019, and we expect to progress Sabine Pass Train 6 to a positive Final Investment Decision in the coming months.”

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

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