Cheniere Energy: 4Q Earnings Snapshot
HOUSTON (AP) _ Cheniere Energy Inc. (LNG) on Tuesday reported fourth-quarter net income of $939 million.
The Houston-based company said it had net income of $3.34 per share. Earnings, adjusted for one-time gains and costs, were 71 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The natural gas company posted revenue of $3.01 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.66 billion.
For the year, the company reported profit of $648 million, or $2.51 per share. Revenue was reported as $9.73 billion.
Cheniere Energy shares have dropped 15% since the beginning of the year. The stock has declined 20% in the last 12 months.