Cheniere Energy (NYSE:LNG) shares rose more than 3% intra-day today after the company reported its Q2 results, with EPS of $5.61 coming in better than the consensus estimate of $2.91. However, revenue of $4.1 billion missed the consensus estimate of $4.27B.
“In addition to the safe and successful completion of our planned maintenance turnaround at Sabine Pass, our team achieved several key milestones on construction and development across our growth projects at both sites, as well as building significant commercial momentum, all of which supports the continued growth of our market-leading LNG platform and further evidences the long-term role of our reliable, cleaner-burning LNG in the global energy mix,” said CEO Jack Fusco.
The company raised its full 2023-year guidance, expecting adjusted EBITDA in the range of $8.3-$8.8B (from prior $8.2-$8.7B) and distributable cash flow in the range of $5.8-$6.3B (from prior $5.7-$6.2B).