Cheniere Energy, Inc. has reported its financial results for the fourth quarter and full year 2023, along with the introduction of the full-year 2024 financial guidance. The company generated revenues of approximately $4.8 billion and $20.4 billion during the three and twelve months ended December 31, 2023, respectively. Net income for the same periods was approximately $1.4 billion and $9.9 billion, while consolidated adjusted EBITDA stood at approximately $1.65 billion and $8.8 billion, and distributable cash flow at approximately $1.1 billion and $6.5 billion, respectively.
Jack Fusco, Cheniere’s President and CEO, expressed pride in the company's performance, stating, “The Cheniere workforce’s resolute commitment to excellence delivered once again in 2023, as we generated financial results at or above the high end of our guidance ranges, [...] I am exceptionally proud of our team’s ability to consistently perform at the highest level across all facets of our business, further distinguishing Cheniere in the global market.”
Looking forward to 2024, Fusco highlighted the company's positive start and expressed confidence in surpassing the midpoint of their 9-train run-rate guidance ranges. He emphasized the focus on execution across operations, construction, and project development, particularly with the progress on expansion projects at both Sabine Pass and Corpus Christi.
The company introduced its full-year 2024 consolidated adjusted EBITDA guidance of $5.5 billion - $6.0 billion and full-year 2024 distributable cash flow guidance of $2.9 billion - $3.4 billion.
Cheniere’s shares have moved -4.1% following the announcement and are now trading at a price of $157.72.
The company's full 8-K submission is available here.
