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What to Expect from Cheniere Energy in 3Q17

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What to Expect from Cheniere Energy in 3Q17 PART 1 OF 6

What Could Drive Cheniere Energy’s Revenue Growth in 3Q17?

Cheniere Energy’s 3Q17 revenue estimates

Cheniere Energy (LNG) and its MLP subsidiaries, Cheniere Energy Partners Holdings (CQH) and Cheniere Energy Partners (CQP), are scheduled to release their 3Q17 earnings on November 14, 2017. In this series, we’ll analyze Cheniere Energy’s 3Q17 estimates, distribution, market performance, technical indicators, valuation, and analysts’ ratings. We’ll start with analysts’ revenue estimates.

What Could Drive Cheniere Energy’s Revenue Growth in 3Q17?

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Wall Street analysts’ 3Q17 consensus revenue estimate for Cheniere Energy is $1.29 billion, which is 177.7% higher than the revenue in 3Q16 and 4.2% more than the previous quarter. The company beat its revenue estimate in the previous quarter. Cheniere Energy’s 2Q17 revenue estimate was $900.9 million, while it reported revenue of $1.24 billion—a 37.8% beat.

The YoY (year-over-year) rise in Cheniere Energy’s revenue is expected to be driven by the commencement of LNG (liquefied natural gas) exports from Train 2 and Train 3 at the Sabine Pass liquefaction facility. The quarter-over-quarter revenue growth is expected to be driven by higher LNG exports to Asian markets. According to the EIA (U.S. Energy Information Administration), US LNG exports to China grew to 7.2 bcf (billion cubic feet) in July 2017—compared to the second quarter average of 3.5 bcf. The rise in Chinese LNG imports is driven by “coal-to-gas switching in the power generation and industrial sectors to meet environmental policy targets” as noted in the EIA’s recent report.

Cheniere Energy’s 3Q17 EBITDA

Wall Street analysts expect Cheniere Energy’s 3Q17 EBITDA to be $430.2 million—539.7% higher than the same quarter in the previous year and 16.0% higher compared to the previous quarter. The strong EBITDA growth in 3Q17 is expected to be driven by strong LNG volume growth and lower operating expenses.

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