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Cheniere Energy, Inc. Message Board

  • p1c2mf3 p1c2mf3 Nov 3, 2012 3:24 PM Flag

    3Q Earnings

    The earnings number came in at -$0.52/share with total losses at $111 million. The lower than expected result was due mainly to the vesting of the long-term incentive bonus awards. The total bonus amount is $60 million in cash awards and 10 million shares of common stock.

    1) Cheniere had their standard $66 million in quarterly revenue.

    2) Cheniere’s quarterly operating costs and expenses was $120 million which was higher than normal, due to the bonus awards.

    3) Cheniere’s interest expense was down to $45 million.

    4) This resulted in a total quarterly loss of $111 million, divided among 208.7 million shares.

    Their cash and cash equivalent reserves stand at $215 million, so they are likely to need to find ways to raise additional cash prior to the start up of the first train.

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    • They worked hard getting those and deserve ten million payouts. If the investoers dont like it they can sell just like the insiders do.
      Results for the three and nine months ended September 30 were also impacted by increases in general and administrative expenses of $63.2 million and $63.1 million, respectively, compared to the comparable 2011 periods primarily due to the August 2012 vesting of awards under the long-term incentive plan related to LNG trains 1 and 2 of the Sabine Pass Liquefaction Project.

      Cheniere recorded non-cash compensation expense of $49.8 million and $54.0 million, respectively, for the three and nine months ended September 30, compared to $2.3 million and $16.6 million for the comparable periods in 2011

      Sentiment: Hold

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