LNG - Cheniere Energy, Inc.

NYSE American - NYSE American Delayed Price. Currency in USD
67.01
-0.21 (-0.31%)
At close: 4:00PM EDT
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Previous Close67.22
Open67.54
Bid66.10 x 800
Ask67.06 x 1000
Day's Range66.48 - 67.66
52 Week Range55.09 - 71.03
Volume1,225,922
Avg. Volume1,821,136
Market Cap17.249B
Beta (3Y Monthly)1.02
PE Ratio (TTM)66.81
EPS (TTM)1.00
Earnings DateAug 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est81.63
Trade prices are not sourced from all markets
  • Business Wire3 days ago

    Cheniere Announces Timing of Second Quarter 2019 Earnings Release and Conference Call

    Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to second quarter 2019 financial results on Thursday, August 8, 2019 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss second quarter results. Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas.

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  • Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk
    Bloomberg9 days ago

    Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk

    (Bloomberg) -- Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity.Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path of the storm as it churns toward Louisiana. Together, the terminals account for about 70% of America’s capacity to ship LNG overseas. Two gas tankers are waiting to approach Sabine Pass, while a third recently departed, according to ship tracking data compiled by Bloomberg.Another terminal, Venture Global LNG Inc.’s Calcasieu Pass in Cameron Parish, is under construction. Sabine Pass continues to operate and Cheniere doesn’t expect major impacts to operations from Barry, the company said Thursday. Gas flows to the facility via pipeline have dropped about 20% since July 9, BloombergNEF data show. Sempra said it’s monitoring the storm, while a Venture Global spokeswoman didn’t respond to a request for comment.LNG exports from the U.S. have surged, reaching buyers from Mexico to Japan, with three new terminals starting up since December. The cargoes provide an important outlet for gas producers as supply from shale basins soars, pressuring prices lower.Sabine Pass has five tanks for storing super-chilled gas, but two have been unavailable since the beginning of last year, when plant workers discovered a crack in one of the them. Investigators later found that a second tank had also had LNG released from its inner wall.Earlier this week, U.S. regulators told Cheniere that more work is needed before the tanks can be returned to service. That means the company has less flexibility to stock up on LNG when ships can’t reach the terminal to load cargoes during bad weather.(Updates with Sabine Pass flows in third paragraph, tank repairs in fifth.)\--With assistance from Ryan Collins, Naureen S. Malik and Rachel Adams-Heard.To contact the reporters on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;Kevin Varley in Washington at kvarley@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • More American LNG Set to Land in Glutted Gas Markets
    Bloomberg9 days ago

    More American LNG Set to Land in Glutted Gas Markets

    (Bloomberg) -- Six decades after British Gas imported the world’s first seagoing cargo of liquefied natural gas from the U.S., the company’s successor is preparing to repeat the act, but with a whole different set of challenges.A global glut of LNG on the back of new production facilities has caused prices to crash globally, a move most people hadn’t anticipated in 2013, when Centrica Plc signed a 20-year contract to buy LNG from Cheniere Energy Inc. With the price gap between the regions shrinking more than 70% since then, it has become challenging to economically bring U.S. fuel to Britain when the Windsor, England-based utility takes its first contractual delivery from the Sabine Pass plant in Louisiana in September.“Right now we anticipate lifting the cargoes,” Jonathan Westby, co-managing director of Centrica’s energy marketing and trading unit, said in an interview at his office in west London, a hub for LNG trading. “While the spot market is looking particularly oversupplied right now, we have been undertaking a big risk management program and therefore have managed the front end of the Sabine Pass contract quite considerably,” Westby said.Utilities, trading houses and oil majors have been lured by LNG as buyers from China to Pakistan seek cleaner fuels. As increasing global supply and flexible contracts help make LNG the fastest-growing fossil fuel, market players are searching for niches and navigating challenges such as where to place cargoes and how to manage price risks.Since trading its first spot cargo in 2014, Centrica has transformed from a regional buyer importing cargoes to a terminal near London into a global player, targeting 5 million to 6 million tons of LNG next year. That’s more than half of what some of the largest commodity trading houses deliver annually. Centrica has built a diverse portfolio of long-term contracts with major producers and found demand from its European hub to the Middle East to Asia to the Caribbean region.Centrica’s Long-Term LNG ContractsSigning up to buy volumes from Cheniere, which revolutionized the U.S. energy landscape by becoming the first exporter of American shale gas in the form of LNG, was a major milestone to kickstart Centrica’s LNG business. Centrica will be buying from the fifth unit of Sabine Pass, which started commercial operations earlier this year, and will need to pay fixed fees. It has the right not to lift cargoes, but would need to notify the seller in advance to do so.Under the terms of the agreement, Centrica will pay Cheniere a fixed fee of $3 per million British thermal units and a commodity fee of 115% of the prevailing Henry Hub price, for the procurement and liquefaction of the gas.While U.S. supply is abundant, rapidly expanding, relatively cheap and unrestricted by traditional limitations such as destination clauses, it exposes European buyers to a price index that is different to the ones they use to trade at home. The Cheniere contract is based on U.S. benchmark Henry Hub, needed to raise financing to build American plants.“One of the big issues facing the industry is how to manage price risk and volume risk in long-term contracts because it costs a lot of money to develop LNG liquefaction,” Westby said. “Market participants would find it a lot easier if the financial markets provided the ability to hedge for 10 years out, they currently don’t.”By using the paper markets and securing physical deals, Centrica expects to maintain profitability. The U.S. contract’s flexibility along with multiple other deals in place creates optimization opportunities which can be monetized to offset the cost of buying the gas in the first place, he said.“You have to be quite creative in terms of how you can effectively risk manage that through doing physical activity and creating physical homes for the cargoes,” Westby said. “We have entered some mid-term contracts and we will be selling the cargoes into multiple destinations.”One such contract was a deal with Poland’s PGNiG, which is committing to U.S. LNG as the eastern European nation is moving to free itself from buying pipeline gas from Russia’s Gazprom PJSC, Europe’s dominant gas supplier.In February, Centrica signed an innovative contract to buy the fuel from the Mozambique LNG project jointly with Tokyo Gas, with which it also has a separate deal to swap cargoes. Centrica also teamed up with New Fortress Energy, which converted a number of oil markets in Jamaica into gas customers, providing the utility with a market for its LNG.“With the Polish deal, with the Caribbean deal, and obviously our partnership with Tokyo Gas, we feel that we can add more value by working collaboratively with other companies that have complementary positions,” Westby said. “That is how we achieved a lot of our growth, is through this kind of collaboration.”In the currently oversupplied market, Centrica isn’t shocked by lower prices. Traders watch spreads between regions, such as Asia and Europe, as well as price gaps in time to explore opportunities for floating storage and diversions, rather than an absolute price level, Westby said.But even the best modelling can be upset because of unpredictable weather and unplanned outages at plants, he said. Also, lower LNG prices open up demand, and once nations switch to cleaner gas, that usage becomes permanent.“The markets are probably looser now than they have been in the past,” Westby said. “That presents some challenges in terms of securing markets for product. Looser markets typically create liquidity -- it is easier to trade and enter transactions. That will be something we will be looking to take advantage of.”(Updates with Centrica’s fee in seventh paragraph.)To contact the reporter on this story: Anna Shiryaevskaya in London at ashiryaevska@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Rob VerdonckFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cheniere's (LNG) CCL Train 2 Ready for Cargo Commissioning
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  • Cheniere Energy (NYSEMKT:LNG) Shareholders Booked A 75% Gain In The Last Three Years
    Simply Wall St.11 days ago

    Cheniere Energy (NYSEMKT:LNG) Shareholders Booked A 75% Gain In The Last Three Years

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  • Reuters12 days ago

    U.S. says Cheniere must do work on Louisiana Sabine LNG storage tanks

    U.S. energy and safety regulators told Cheniere Energy Inc on Tuesday the company had to take several steps before the agencies would authorize the return to service of two liquefied natural gas (LNG) storage tanks that leaked at the Sabine Pass LNG export terminal in Louisiana. The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) and the Federal Energy Regulatory Commission (FERC) told Cheniere that neither agency is prepared to authorize a return to service at this time.

  • MoneyShow12 days ago

    Cheniere Energy LNG- 2019 Top Picks' Mid-Year Update

    Tony Daltorio, contributing editor to Growth Stock Investor, chose Cheniere Energy (LNG) as a best investment opportunity for 2019. The stock rose 18% in the first half of the year. Here's his latest update on the energy play.

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  • Where Cheniere Energy Stock Could Go from Here
    Market Realist19 days ago

    Where Cheniere Energy Stock Could Go from Here

    h favorable developments on the trade war front, Cheniere Energy (LNG) stock hit a ten-month high on July 1.

  • Cheniere Energy Stock Surges as Trade Tensions Ease
    Market Realist19 days ago

    Cheniere Energy Stock Surges as Trade Tensions Ease

    Leading LNG (liquified natural gas) exporter Cheniere Energy (LNG) could be one of the beneficiaries of the improving trade talks between the US and China.

  • Reuters23 days ago

    How U.S. LNG plays havoc with Dutch gas and Asian shipping

    Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. The price falls are in part thanks to an influx of U.S. LNG supplies. Cheniere sells its LNG at 115% of U.S. gas futures plus a liquefaction fee of between $3.00 and $3.50 per million British thermal units (mmBtu), with a few buyers paying less.

  • Reuters23 days ago

    GRAPHIC-How U.S. LNG plays havoc with Dutch gas and Asian shipping

    Dutch gas prices hit 10-year lows this week, reflecting high European inventories swelled by liquefied natural gas (LNG) imports, testing levels at which companies that committed to buy U.S. LNG will start making serious losses. The price falls are in part thanks to an influx of U.S. LNG supplies. Cheniere sells its LNG at 115% of U.S. gas futures plus a liquefaction fee of between $3.00 and $3.50 per million British thermal units (mmBtu), with a few buyers paying less.

  • Oilprice.com26 days ago

    Protracted Trade War Inflicts Lasting Damage To U.S. LNG

    As the trade war drags on, Chinese investors are reconsidering investment in new U.S. LNG projects and are reportedly already reassessing long-term supply contracts

  • Better Buy: Tellurian vs. Cheniere
    Motley Fool28 days ago

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