Cheniere Energy Aktie News

Cheniere Energy, Inc. (NYSE:LNG ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Frances Smith - Director, IR Jack Fusco - President, CEO & Director Anatol Feygin - EVP & Chief Commercial Officer Zach Davis - EVP & CFO Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Group Theresa Chen - Ba...

HOUSTON--(BUSINESS WIRE)--Cheniere Reports First Quarter 2024 Results and Reconfirms Full Year 2024 Financial Guidance.

Cheniere Energy reported lower LNG revenue for the first quarter, as the top U.S. liquefied natural gas producer was hurt by a fall in natural gas prices.

Weak natural gas prices have significantly impacted energy companies' first-quarter earnings, particularly in the United States, where benchmark Henry Hub gas prices have recently traded at less than $2 per million Btu. The decline in prices comes as no surprise, given the downward trend in gas markets following the post-Ukraine price spike of 2022.

The World Bank has warned that an escalation of tensions in the Middle East could push oil prices above $100 per barrel, reversing the recent downward trend in global inflation. The Bank stated that even before the recent missile strikes between Iran and Israel, the fall in commodity prices had been leveling off, making interest rate decisions more challenging for central banks.

HOUSTON--(BUSINESS WIRE)--Cheniere Declares Quarterly Dividend.

Jamie Dimon, the CEO of JPMorgan (NYSE: JPM ), criticized President Joe Biden's decision to pause new approvals for liquefied natural gas ( LNG ) exports, describing the move as “enormously naive” and politically motivated. In a shareholder letter, Dimon argued that LNG is vital for reducing global carbon dioxide emissions.

Initially, the March jobs report seemingly boded well for the economy, thus negating the urgency tied to recession-resistant stocks. However, the latest consumer price index ( CPI ) reading suggested that not all may be well, forcing a portfolio reassessment.