Cheniere reaches milestone with 1,000th LNG shipment – Focus on growth and safety remains

Cheniere Energy once again proves its significance in the global LNG market: In September 2024, the company reached the impressive milestone of the 1,000th LNG shipment from the Corpus Christi project, which was unloaded in Italy. Since 2016, Cheniere has delivered a total of approximately 3,720 shipments from its Sabine Pass and Corpus Christi projects to around 40 markets worldwide. CEO Jack Fusco emphasizes his team’s continuous focus on safety, execution, and disciplined capital management. This enables the company to conclude the successful year 2024 with an improved forecast and optimized guidance metrics. Particularly noteworthy is the progress in the third expansion phase, paving the way for an increased production forecast for 2025. Financially, Cheniere had to report a decline in net income of about $808 million for the third quarter of 2024, with a decrease of $6.2 billion over nine months compared to the corresponding periods of the previous year. The main driver for this was changes in the fair value of derivatives. On the positive side, the reduction in income tax provision had a beneficial effect. However, the adjusted EBITDA value also declined, due to fluctuations in international gas prices and the sale of a larger portion of LNG under long-term contracts. Strategically, the company is focusing on expanding its LNG capacities: Recently, Cheniere received permission to export LNG to countries with free trade agreements. In Corpus Christi, the expansion of production facilities is progressing to achieve even higher production capacity. For investors and interested parties, Cheniere offers the opportunity to learn more about the financial and operational developments during a web info-call.