Cheniere Energy: 2Q Earnings Snapshot
Aug. 09, 2018
HOUSTON (AP) _ Cheniere Energy Inc. (LNG) on Thursday reported a loss of $18 million in its second quarter.
On a per-share basis, the Houston-based company said it had a loss of 7 cents.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The natural gas company posted revenue of $1.54 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.61 billion.
Cheniere Energy shares have risen 13 percent since the beginning of the year. The stock has climbed 42 percent in the last 12 months.