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Cheniere Energy Mixed Q2 Results: Profit Declines on Lower Gas Prices – Cheniere Energy (NYSE:LNG)


Cheniere Energy Mixed Q2 Results: Profit Declines on Lower Gas Prices – Cheniere Energy (NYSE:LNG)

Cheniere Energy, Inc. Liquefied petroleum gas reported second-quarter FY24 revenue of $3.251 billion, down 21% year-over-year and below consensus of $3.518 billion. Adjusted EBITDA decreased 29% year-over-year to $1.32 billion, primarily due to lower international gas prices and a higher proportion of LNG sold under long-term contracts, resulting in lower margins per MMBtu of LNG […]