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Cheniere Energy (LNG) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $6.89 per share a year ago.
Cheniere Energy reported lower LNG revenue for the first quarter, as the top U.S. liquefied natural gas producer was hurt by a fall in natural gas prices.
Cheniere Energy (LNG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Cheniere Energy's (LNG) first-quarter earnings are forecast to drop 65.9% to $2.35 a share compared to $6.89 a share in Q1 2023.
Weak natural gas prices have significantly impacted energy companies' first-quarter earnings, particularly in the United States, where benchmark Henry Hub gas prices have recently traded at less than $2 per million Btu. The decline in prices comes as no surprise, given the downward trend in gas markets following the post-Ukraine price spike of 2022.
Cheniere Energy (LNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
With natural gas price action remaining volatile, we recommend investors to hold onto companies with strong fundamentals, such as CTRA and LNG.
In the closing of the recent trading day, Cheniere Energy (LNG) stood at $158.85, denoting a +0.5% change from the preceding trading day.