UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.
Cheniere Energy dominates the LNG market with significant infrastructure, creating a wide-moat business. The company generates strong cash flow, fueling shareholder returns through dividends and buybacks. Despite pricing challenges, Cheniere continues to thrive, supported by successful expansion projects and a focus on dividend growth.
Cheniere Energy (LNG) came out with quarterly earnings of $3.84 per share, beating the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $5.61 per share a year ago.
Cheniere (LNG) signs a 20-year long-term liquefied natural gas sale and purchase agreement with Galp Energia, boosting US-EU energy ties and supporting SPL expansion.
When investors think of the most common ways to profit from investing in stocks, they think of the classic "buy low and sell high" method, which creates a taxable event through capital gains. Some investors with larger amounts to invest would also look for a stock that pays them an income through dividends, which is, unfortunately, another taxable event.
Cheniere Energy (LNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Woodside Energy Group is Australia's leading independent E&P with a large LNG business. Woodside recently announced the acquisition of Tellurian, an American LNG developer. The combined entity could be one of the largest LNG producers globally once Driftwood LNG is fully developed.
Technip Energies is a French engineering and technology company focusing on LNG, hydrogen, and ethylene jobs. Q1 2024 saw a revenue increase, strong order intake, and a net income of EUR95.3M. Technip Energies remains on track to meet full-year guidance with an anticipated EBIT of EUR460M and a double-digit EPS increase.
UPI declined by 0.63% to 165.53 points, with New Fortress Energy leading gainers at over 20% due to FLNG Altamira LNG project launch. UPI and S&P 500 both dropped last week, with low trading volumes and increased market volatility during the holiday season. Most decliners in LNG shipping were from Asia, with Korea Line Corporation losing 7.6% and Japanese shippers declining to support lines.
Australia's Woodside Energy wants to become one of the world's largest independent producers of liquefied natural gas (LNG).
Cheniere (LNG) highlights that the ADCC pipeline will provide direct access to natural gas volumes produced in the Permian and Eagle Ford basins, alongside natural gas from the Gulf Coast.
Three major European companies, Shell, BP & TotalEnergies, join ADNOC in the Ruwais LNG project to build one of the lowest-carbon LNG facilities.