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Earnings Analysis and Research - Cheniere Energy

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LONDON, August 11, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis and research on Cheniere Energy Inc. (NYSE MKT: LNG) as the company announced its earnings results on Thursday, July 31, 2014. Despite a $468,000 year-over-year absolute increase in the total revenue, Cheniere Energy Inc.'s net loss attributable to common stockholders widened $47.16 million year-over-year during the second quarter 2014. Our free coverage report can be accessed at:


Earnings Overview   

The Company's result included significant items related to liquefied natural gas terminal development expense, derivative losses, and loss on early extinguishment of debt, worth $189.8 million in the reported quarter and $236.6 million during the first half of 2014. Previously, the company reported significant items of $7.1 million in the second quarter 2013 and $41.6 million in the first six months of 2013. During the second quarter of 2014, the company's general and administrative expense fell sharply to $67.72 million from $135.08 million in prior year period, due to the timing of awards under bonus plans relating to the Sabine Pass Liquefaction Project. The free research on LNG can be downloaded as in PDF format at:


Cheniere Energy Inc. is developing six natural gas liquefaction trains in collaboration with Cheniere Partners at the Sabine Pass Liquefaction Project. These trains are in various stages of development, and each of these has nominal production capacity of approximately 4.5 million tonnes per annum (mpta). Meanwhile, Corpus Christi Liquefaction, LLC, a wholly owned subsidiary of Cheniere Energy Inc. has entered into Sale and Purchase Agreements (SPA) for commercial supply of liquefied natural gas from Corpus Christi Liquefaction Project. The subsidiary till the date of release has entered into SPAs aggregating approx.6.9 mtpa of liquefied natural gas volumes commencing with Trains 1 and 2 and 0.77 mtpa from Train 3.

The oil and gas producing and transporting company's total revenue stood at $67.65 million, above $67.18 million reported in second quarter of 2013 and outperforming consensus estimate of $66.43 million. Cheniere Energy Inc. reported net loss attributable to common stockholders of $201.93 million, or $0.90 loss per basic and diluted share, extending the net loss of $154.76 million, or $0.71 loss per basic and diluted share reported in the prior year quarter. Analysts at Bloomberg expected net loss of $103.00 million, or $0.41 loss per basic and diluted share. In the first six months of 2014, the Houston-based energy company's net loss attributable to common stockholders stood at $299.7 million, or $1.34 loss per basic and diluted share, compared to a loss of $271.9 million, or $1.26 loss per basic and diluted share, during the first half of 2013. Sign up and read the free analyst's notes on LNG at:


Stock Performance    

On Friday, August 01, 2014, Cheniere Energy Inc.'s shares fell 0.79% to end the session at $70.20 following the prior day earnings release. However, on the last close, Friday, August 08, 2014, the stock edged 0.35% higher to close at $70.72. The stock vacillated between $70.06 and $70.97 during the session. A total of 1.53 million shares were traded, which was below its three months average volume of 2.61 million shares. Over the previous three trading sessions and over the last three months, the company's shares have advanced 0.34% and 27.52%, respectively. Further, from the beginning of 2014, the stock has gained 64.01%. Cheniere Energy Inc.'s shares are trading above their 50-day and 200-day moving averages of $70.29 and $53.70, respectively. The stock has a Relative Strength Index (RSI) of 47.38. Visit Investor-Edge and access the latest research on LNG at:


Sneak Peek to Corporate Insider Trading  

In the last one month, four insiders sold a total of 77,000 shares of Cheniere Energy Inc., worth $5.48 million at an average price of $71.10 a share. On July 15, 2014, Executive Vice President, Asset Group, R. Keith Teague offloaded 25,000 shares, while Greg W. Rayford, Senior Vice President and General Counsel sold 12,000 Cheniere Energy's shares. Charif Souki, Cheniere Energy Inc.'s Chairman disposed 30,000 shares on August 01, 2014. Whereas on August 04, 2014, Director, John Deutch sold 10,000 shares. Complimentary in-depth research on LNG is available at:


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