Cheniere Energy (LNG) Releases Earnings Results, Misses Expectations By $-0.89 EPS

Cheniere Energy (LNG) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-1.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.89. Analysts had a consensus of $-0.52. The company posted revenue of $69.08 million in the period, compared to analysts expectations of $63.25 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.18 EPS.

Many Wall Street Analysts have commented on Cheniere Energy. Cheniere Energy was Initiated by JP Morgan to “Overweight” on Mar 4, 2016. Cheniere Energy was Upgraded by Goldman to ” Buy” on Feb 23, 2016.

Cheniere Energy closed down -1.52 points or -4.07% at $35.85 with 28,24,705 shares getting traded on Wednesday. Post opening the session at $37.5, the shares hit an intraday low of $35.06 and an intraday high of $37.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 19, 2016, Greg W. Rayford (Sr. VP and General Counsel) sold 10,000 shares at $37.54 per share price. According to the SEC, on Dec 23, 2015, Vicky A Bailey (director) sold 15,997 shares at $35.92 per share price. On Dec 17, 2015, Charif Souki (director) sold 50,000 shares at $40.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Cheniere Energy Inc. is an energy company engaged in Liquefied natural gas (LNG) businesses. The Company operates through two segments: LNG terminal business and LNG and natural gas marketing business The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P. (Cheniere Partners) which is a publicly traded limited partnership. The Company owns 100% of the general partner interest in Cheniere Partners and 80.1% of Cheniere Energy Partners LP Holdings LLC (Cheniere Holdings) which is a publicly traded limited liability company that owns a 55.9% limited partner interest in Cheniere Partners. The Company is engaged in the development of two LNG terminal projects: the Sabine Pass LNG terminal in western Cameron Parish Louisiana and the Corpus Christi LNG terminal near Corpus Christi Texas.

Cheniere Energy

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