Cheniere Energy Inc Stock Research

Market Summary

USD149.36+1.93

Market Closed

1.31%

LNG Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

LNG Stock Price

LNG RSI Chart

LNG Valuation

Market Cap

37.3B

Price/Earnings (Trailing)

26.14

Price/Sales (Trailing)

1.12

EV/EBITDA

6.4

Price/Free Cashflow

4.29

LNG Price/Sales (Trailing)

LNG Profitability

EBT Margin

9.26%

Return on Equity

-835.09%

Return on Assets

3.46%

Free Cashflow Yield

23.29%

LNG Fundamentals

LNG Revenue

Revenue (TTM)

33.4B

Revenue Y/Y

76.49%

Revenue Q/Q

0.91%

LNG Earnings

Earnings (TTM)

1.4B

Earnings Y/Y

397.58%

Earnings Q/Q

265.07%

Price Action

52 Week Range

119.54181.93

(Low)(High)

Last 7 days

1.7%

Last 30 days

3.8%

Last 90 days

-4.2%

Trailing 12 Months

7.4%

LNG Financial Health

Current Ratio

0.83

Debt/Cashflow

0.31

LNG Investor Care

Dividend Yield

0.93%

Dividend/Share (TTM)

1.39

Buy Backs (1Y)

1.42%

Diluted EPS (TTM)

5.64

Peers (Alternatives to Cheniere Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	60.9B	25.7B	-12.32%	-11.45%	7.85	2.37	37.87%	66.36%
OXY	60.4B	37.1B	-2.37%	-1.82%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-12.80%	-22.77%	9.45	2.71	44.20%	113.83%
PXD	45.2B	24.4B	-8.11%	-23.73%	5.77	1.85	36.45%	270.40%
LNG	37.3B	33.4B	3.81%	7.44%	26.14	1.12	110.72%	160.95%
APA	14.4B	11.9B	-10.98%	-15.74%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-18.62%	-33.34%	2.35	0.6	36.25%	156.85%
RRC	5.8B	5.3B	4.25%	-14.47%	4.92	1.09	49.01%	187.38%
MTDR	5.3B	3.2B	-22.72%	-17.58%	4.39	1.67	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
KOS	3.0B	2.2B	-12.02%	0.61%	13.26	1.34	68.57%	391.06%
CRK	2.8B	3.6B	-10.88%	-10.09%	2.45	0.77	96.03%	571.98%
CPE	1.9B	3.2B	-13.57%	-47.89%	1.55	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.7B	7.3B	4.64%	131.86%	4.53	0.23	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Cheniere Energy

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	13.2%	33,428,000,000	29,534,000,000	24,890,000,000	20,396,000,000	15,864,000,000
Operating Expenses	4.2%	1,681,000,000	1,614,000,000	1,545,000,000	1,511,000,000	1,444,000,000
S&GA Expenses	13.7%	416,000,000	366,000,000	344,000,000	340,000,000	325,000,000
R&D Expenses	14.3%	16,000,000	14,000,000	12,000,000	11,000,000	7,000,000
EBITDA	883.7%	5,619,000,000	-717,000,000	-108,000,000	-1,433,000,000	-
EBITDA Margin	792.4%	0.17	-0.02	0.00	-0.06	-
Earnings Before Taxes	196.3%	3,094,000,000	-3,212,000,000	-2,592,000,000	-3,910,000,000	-2,278,000,000
EBT Margin	185.1%	0.09	-0.11	-0.10	-0.18	-
Interest Expenses	-0.3%	1,406,000,000	1,410,000,000	1,420,000,000	1,431,000,000	1,438,000,000
Net Income	137.3%	1,428,000,000	-3,832,000,000	-2,531,000,000	-3,601,000,000	-2,343,000,000
Net Income Margin	132.9%	0.04	-0.13	-0.10	-0.16	-
Free Cahsflow	35.0%	8,693,000,000	6,439,000,000	4,719,000,000	3,104,000,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-5.4%	41,266	43,642	41,313	40,055	39,258
Current Assets	-22.2%	5,608	7,206	6,186	5,705	5,056
Cash Equivalents	-46.0%	1,353	2,504	2,631	2,487	1,404
Inventory	-26.8%	826	1,129	746	571	706
Net PPE	2.0%	31,528	30,904	30,659	30,314	30,288
Goodwill	0%	77.00	77.00	77.00	77.00	77.00
Current Liabilities	-27.5%	6,795	9,375	7,556	4,605	4,693
Long Term Debt	-9.9%	26,055	28,907	29,449	-	-
LT Debt, Current	1146.8%	773	62.00	117	-	-
LT Debt, Non Current	-5.0%	24,055	25,325	26,055	28,907	29,449
Shareholder's Equity	-418.2%	-171	-33.00	-	-	-
Retained Earnings	44.3%	-4,942	-8,880	-6,311	-6,967	-6,021
Additional Paid-In Capital	0.1%	4,314	4,309	4,277	4,244	4,377
Shares Outstanding	-0.2%	250	250	254	254	-
Minority Interest	51.3%	2,798	1,849	2,367	2,451	2,538

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	31.8%	10,523	7,983	6,268	4,058	2,469
Share Based Compensation	25.0%	205	164	156	151	140
Cashflow From Investing	-18.7%	-1,844	-1,553	-1,562	-890	-912
Cashflow From Financing	-40.1%	-8,014	-5,719	-3,970	-2,660	-1,817
Dividend Payments	3.9%	349	336	255	171	85.00
Buy Backs	113.5%	1,373	643	574	34.00	9.00

Risks for LNG

What is the probability of a big loss on LNG?

21.1%

Probability that Cheniere Energy stock will be more than 20% underwater in next one year

19.6%

Probability that Cheniere Energy stock will be more than 30% underwater in next one year.

18.9%

Probability that Cheniere Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LNG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cheniere Energy was unfortunately bought at previous high price.

Drawdowns

Returns for LNG

Cumulative Returns on LNG

19.3%

10-Year Cumulative Returns

23.7%

7-Year Cumulative Returns

23.8%

5-Year Cumulative Returns

71.7%

3-Year Cumulative Returns

What are the long-term rolling returns for LNG?

FIve years rolling returns for Cheniere Energy.

Annualized Returns

Which funds bought or sold LNG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	5.55	-75,773	1,571,230	0.04%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	47.46	10,599,500	42,440,500	0.05%
2023-03-10	MATHER GROUP, LLC.	added	2.84	-23,633	309,367	0.01%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	added	3.29	-41,270	583,730	0.09%
2023-03-06	Rockefeller Capital Management L.P.	added	5.79	-365,000	7,952,000	0.04%
2023-03-06	Aldebaran Financial Inc.	reduced	-2.12	-220,435	1,377,560	1.48%
2023-03-06	OLD MISSION CAPITAL LLC	new	-	310,417	310,417	0.01%
2023-03-01	Regal Investment Advisors LLC	sold off	-100	-243,000	-	-%
2023-02-28	CONTINENTAL INVESTORS SERVICES, INC.	reduced	-1.21	-41,292	343,708	1.07%
2023-02-28	Voya Investment Management LLC	added	167	121,088,000	206,424,000	0.29%

Latest Funds Activity

Are funds buying LNG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LNG

No. of Funds

Cheniere Energy News

Schedule 13G FIlings of Cheniere Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.50%	23,622,525	SC 13G/A
Feb 03, 2023	blackrock inc.	8.6%	21,402,523	SC 13G/A
Mar 08, 2022	icahn carl c	1.98%	5,044,957	SC 13D/A
Mar 01, 2022	icahn carl c	2.42%	6,168,896	SC 13D/A
Feb 09, 2022	vanguard group inc	8.32%	21,107,371	SC 13G/A
Feb 01, 2022	blackrock inc.	6.9%	17,414,232	SC 13G/A
Feb 11, 2021	barclays plc	0.09%	242,482	SC 13G/A
Feb 10, 2021	abu dhabi investment authority	3.82%	9,640,443	SC 13G/A
Feb 10, 2021	vanguard group inc	8.31%	20,973,229	SC 13G/A
Jan 29, 2021	blackrock inc.	7.1%	17,832,319	SC 13G/A

LNG Fair Value

Cheniere Energy fair value in different scenarios

The table shows the Fair Value estimates for Cheniere Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	50.78 -66.00%	159.20 6.59%	539.92 261.49%	858.74 474.95%	1484.66 894.01%
Current Inflation	214.12 43.36%	278.75 86.63%	588.91 294.29%	1000.35 569.76%	1641.53 999.04%
Very High Inflation	39.89 -73.29%	117.66 -21.22%	375.12 151.15%	589.04 294.38%	1003.97 572.18%

Historical Cheniere Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Cheniere Energy

View All Filings

Date Filed	Form Type	Document
Feb 23, 2023	10-K	Annual Report
Feb 23, 2023	8-K	Current Report
Feb 17, 2023	4	Insider Trading
Feb 15, 2023	8-K	Current Report
Feb 14, 2023	4	Insider Trading
Feb 14, 2023	4	Insider Trading
Feb 14, 2023	4	Insider Trading
Feb 14, 2023	4	Insider Trading
Feb 14, 2023	4	Insider Trading
Feb 14, 2023	4	Insider Trading

Latest Insider Trading transactions for LNG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-15	Mitchelmore Lorraine	sold (taxes)	-11,780	151	-78.00	-
2023-02-12	Feygin Anatol	sold (taxes)	-451,260	150	-3,007	evp & chief commercial officer
2023-02-12	Grindal Corey	back to issuer	-499,583	150	-3,329	evp & chief operating officer
2023-02-12	Feygin Anatol	acquired	-	-	7,641	evp & chief commercial officer
2023-02-12	Slack David L	sold (taxes)	-65,730	150	-438	vp & chief accounting officer
2023-02-12	Fusco Jack A	back to issuer	-2,602,960	150	-17,345	president and ceo
2023-02-12	Fusco Jack A	acquired	-	-	28,600	president and ceo
2023-02-12	Slack David L	acquired	-	-	1,112	vp & chief accounting officer
2023-02-12	Fusco Jack A	sold (taxes)	-1,689,040	150	-11,255	president and ceo
2023-02-12	Markowitz Sean N	back to issuer	-632,095	150	-4,212	evp, clo and corp sec

About Cheniere Energy

LNG Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Revenues

Revenues

$ 33,428

$ 15,864

$ 9,358

Revenues from contracts with customers

33,307

17,531

9,293

Operating costs and expenses

Cost of sales (excluding items shown separately below)

25,632

13,773

4,161

Operating and maintenance expense

1,681

1,444

1,320

Selling, general and administrative expense

416

325

302

Depreciation and amortization expense

1,119

1,011

932

Development expense

Other

Total operating costs and expenses

28,869

16,565

6,727

Income (loss) from operations

4,559

(701)

2,631

Other income (expense)

Interest expense, net of capitalized interest

(1,406)

(1,438)

(1,525)

Loss on modification or extinguishment of debt

(66)

(116)

(217)

Interest rate derivative gain (loss), net

(1)

(233)

Other income (expense), net

(22)

(112)

Total other expense

(1,465)

(1,577)

(2,087)

Income (loss) before income taxes and non-controlling interest

3,094

(2,278)

544

Less: income tax provision (benefit)

459

(713)

Net income (loss)

2,635

(1,565)

501

Net Income Attributable to Noncontrolling Interest

1,207

778

586

Net income (loss) attributable to common stockholders

$ 1,428

$ (2,343)

$ (85)

Net income (loss) per share attributable to common stockholders—basic

$ 5.69

$ (9.25)

$ (0.34)

Net income (loss) per share attributable to common stockholders—diluted

$ 5.64

$ (9.25)

$ (0.34)

Weighted average number of common shares outstanding—basic

251.1

253.4

252.4

Weighted average number of common shares outstanding—diluted

253.4

252.4

LNG [Member]

Revenues

Revenues

$ 31,804

$ 15,395

$ 8,924

Revenues from contracts with customers

^[1]

32,132

17,171

8,954

Regasification [Member]

Revenues

Revenues from contracts with customers

1,068

269

Other [Member]

Revenues

Revenues

556

200

165

Revenues from contracts with customers

$ 107

$ 91

$ 70

[1]

LNG revenues include revenues for LNG cargoes in which our customers exercised their contractual right to not take delivery but remained obligated to pay fixed fees irrespective of such election. During the year ended December 31, 2020, we recognized $969 million in LNG revenues associated with LNG cargoes for which customers notified us that they would not take delivery, of which $38 million would have been recognized during the year ended December 31, 2021 had the cargoes been lifted pursuant to the delivery schedules with the customers. We did not have revenues associated with LNG cargoes for which customers notified us that they would not take delivery during the years ended December 31, 2022 and 2021. Revenue is generally recognized upon receipt of irrevocable notice that a customer will not take delivery because our customers have no contractual right to take delivery of such LNG cargo in future periods and our performance obligations with respect to such LNG cargo have been satisfied.

LNG Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Current assets

Cash and cash equivalents

$ 1,353

^[1]

$ 1,404

Restricted cash and cash equivalents

1,134

^[1]

413

Trade and other receivables, net of current expected credit losses

1,944

1,506

Inventory

826

706

Current derivative assets

120

Margin deposits

134

765

Other current assets

207

Total current assets

5,608

5,056

Property, plant and equipment, net of accumulated depreciation

31,528

30,288

Operating lease assets

2,625

2,102

Derivative assets

Goodwill

Deferred tax assets

864

1,204

Other non-current assets, net

529

462

Total assets

41,266

^[1]

39,258

Current liabilities

Accounts payable

124

155

Accrued liabilities

2,679

2,299

Current debt, net of discount and debt issuance costs

813

366

Deferred revenue

234

155

Current operating lease liabilities

616

535

Current derivative liabilities

2,301

1,089

Other current liabilities

Total current liabilities

6,795

4,693

Long-term debt, net of premium, discount and debt issuance costs

24,055

29,449

Operating lease liabilities

1,971

1,541

Finance lease liabilities

494

Derivative liabilities

7,947

3,501

Other non-current liabilities

175

Commitments and contingencies

Stockholders’ deficit

Preferred stock: $0.0001 par value, 5.0 million shares authorized, none issued

Common stock: $0.003 par value, 480.0 million shares authorized; 276.7 million shares and 275.2 million shares issued at December 31, 2022 and 2021, respectively

Treasury stock: 31.2 million shares and 21.6 million shares at December 31, 2022 and 2021, respectively, at cost

(2,342)

(928)

Additional paid-in-capital

4,314

4,377

Accumulated deficit

(4,942)

(6,021)

Total Cheniere stockholders’ deficit

(2,969)

(2,571)

Non-controlling interest

2,798

2,538

Total stockholders’ deficit

(171)

(33)

Total liabilities and stockholders’ deficit

$ 41,266

^[1]

$ 39,258

[1]

Amounts presented include balances held by our consolidated variable interest entity (“VIE”), CQP, as further discussed in Note 9—Non-controlling Interest and Variable Interest Entity. As of December 31, 2022, total assets and liabilities of CQP were $18.9 billion and $21.7 billion, respectively, including $0.9 billion of cash and cash equivalents and $0.1 billion of restricted cash and cash equivalents.