Cheniere Energy, Inc. (NYSE American: LNG) has declared a quarterly cash dividend of $0.435 per common share, payable on February 23, 2024, to shareholders of record as of the close of business on February 6, 2024. This announcement reflects the company's commitment to returning value to its shareholders.
Cheniere Energy, Inc. is a leading producer and exporter of liquefied natural gas (LNG) in the United States. Its Chairman, Jack Fusco, commented on the company's position and outlook, stating, "Cheniere is at the forefront of providing a clean, secure, and affordable solution to the growing global demand for natural gas. We are dedicated to maintaining our position as a full-service LNG provider, with a focus on reliability and innovation."
The company has one of the largest liquefaction platforms globally, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with a total production capacity of approximately 45 million tonnes per annum (mtpa) of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain.
Regarding the market, Cheniere's President and CEO, Anatol Feygin, stated, "We are optimistic about the future of the LNG market and remain committed to our growth initiatives. We believe that our strategic position and operational excellence will continue to drive value for our shareholders."
Following this announcement, the company's shares have moved 0.9% and are now trading at a price of $165.68.
The company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $7,987 | $9,730 | $9,358 | $15,864 | $33,428 | $24,656 |
| Revenue Growth | n/a | 21.82% | -3.82% | 69.52% | 110.72% | -26.24% |
| Operating Margins | 25% | 24% | 28% | -4% | 14% | 80% |
| Net Margins | 6% | 7% | -1% | -15% | 4% | 50% |
| Net Income (MM) | $471 | $648 | -$85 | -$2,343 | $1,428 | $12,441 |
| Net Interest Expense (MM) | $875 | $1,432 | $1,525 | $1,438 | $1,406 | $1,217 |
| Depreciation & Amort. (MM) | $449 | $794 | $932 | $1,006 | $1,113 | $1,178 |
| Earnings Per Share | $1.9 | $2.51 | -$0.34 | -$9.25 | $5.64 | $50.43 |
| EPS Growth | n/a | 32.11% | -113.55% | -2620.59% | 160.97% | 794.15% |
| Diluted Shares (MM) | 248 | 258 | 252 | 253 | 253 | 242 |
| Free Cash Flow (MM) | -$1,653 | -$1,223 | -$574 | $1,503 | $8,693 | $7,729 |
| Capital Expenditures (MM) | $3,643 | $3,056 | $1,839 | $966 | $1,830 | $1,921 |
| Current Ratio | 2.43 | 2.25 | 1.44 | 1.08 | 0.83 | 1.54 |
| Total Debt (MM) | $28,418 | $30,774 | $30,843 | $29,815 | $24,868 | $23,738 |
| Net Debt / EBITDA | 11.09 | 8.97 | 8.2 | 93.15 | 4.15 | 0.95 |
