Cheniere Energy, Inc. Fourth Quarter and Full Year 2022 February 23, 2023 ...

LNG Production and Capacity - As of February 17, 2023, the company has produced, loaded, and exported approximately 2,650 cumulative LNG cargoes totaling over 180 million tonnes of LNG[21]. - The Sabine Pass LNG Terminal has received FERC approvals for a natural gas export capacity of 1,661.94 Bcf/yr (33 mtpa) for both FTA and Non-FTA countries through December 31, 2050[23]. - The Corpus Christi Stage 3 Project is currently 24.5% complete, with expected substantial completion between 2H 2025 and 1H 2027[26]. - The company has secured long-term natural gas supply agreements, ensuring feedstock for its LNG terminals[28]. - The company holds significant land positions at both the Sabine Pass and Corpus Christi LNG Terminals, providing opportunities for further liquefaction capacity expansion[19]. - The company aims to maximize LNG production to generate steady and stable revenues and operating cash flows[20]. - The company has entered the pre-filing review process for the development of CCL Midscale Trains 8 and 9, which are expected to have a total production capacity of approximately 3 mtpa of LNG[19]. - The company has contracted approximately 95% of its total anticipated LNG production capacity under long-term sale and purchase agreements (SPAs) through the mid-2030s[74]. - The company expects to capture a portion of the market need for an additional approximately 59 mtpa of LNG production by 2030 and about 187 mtpa by 2040[73]. - The company is developing CCL Midscale Trains 8 and 9, which are expected to have a total production capacity of approximately 3 million tons per annum (mtpa) of LNG[120]. - The company has contracted approximately 95% of the total anticipated production from the Liquefaction Projects through the mid-2030s[142]. Regulatory Approvals and Compliance - The company has maintained required governmental and regulatory approvals without material impact on construction or operations[46]. - The company is subject to ongoing reporting requirements to various regulatory agencies, including the FERC and DOT[46]. - The FERC authorized the Corpus Christi Stage 3 Project, which includes the addition of seven midscale Trains and related facilities[42]. - The DOE authorized the export of an additional 152.64 Bcf/yr and 108.16 Bcf/yr of domestically produced LNG from the Sabine Pass and Corpus Christi LNG Terminals, respectively, through December 31, 2050[43]. - The company has obtained necessary approvals from the FERC and DOE for its LNG projects, but future compliance and regulatory challenges could impede operations[152][153]. - The company is exposed to potential penalties and fines for non-compliance with FERC regulations, which could be as high as $1.4 million per day for each violation[155][156]. - The PHMSA issued a Notice of Probable Violation proposing civil penalties totaling $1,458,200 related to a minor LNG leak incident, which the company has agreed to pay[170]. Financial Performance and Risks - For the years ended December 31, 2022 and 2021, the company reported net losses of $5.7 billion and $4.3 billion, respectively, due to changes in the fair values of derivatives[107]. - The company had $1.4 billion in cash and cash equivalents, $1.1 billion in restricted cash, and $25.1 billion in total debt outstanding as of December 31, 2022[100]. - The company incurred significant interest expenses related to financing assets at the Sabine Pass LNG Terminal and the Corpus Christi LNG Terminal[100]. - The company’s ability to fund capital expenditures and refinance debt depends on access to additional project financing and capital markets[100]. - The estimated fair value of level 3 derivatives recognized in the Consolidated Balance Sheets as of December 31, 2022, amounted to a liability of $9.9 billion, up from $4.0 billion in 2021, consisting entirely of physical liquefaction supply derivatives[261]. - The Inflation Reduction Act includes a new 15% corporate alternative minimum tax (CAMT) effective in 2023, which may lead to volatility in cash tax payment obligations[166]. - The company continuously monitors proposed tax legislation that could negatively impact its business, particularly in light of potential changes in tax laws and regulations[165]. Environmental and Social Responsibility - The company is investing in climate initiatives and has begun providing Cargo Emissions Tags to long-term customers since June 2022[79]. - The Inflation Reduction Act of 2022 includes a charge on methane emissions starting at $900 per metric ton in 2024, increasing to $1,500 per metric ton in 2026 and beyond[65]. - The company has committed $500,000 in scholarships to the Thurgood Marshall College Fund to support students at historically black colleges and universities[89]. - The company has seen a 26% increase in racially or ethnically diverse employees and a 42% increase in racially or ethnically diverse management since 2018[89]. - The company anticipates that global demand for natural gas and LNG will continue to increase as nations seek cleaner fuel alternatives[72]. Operational Challenges and Market Conditions - The company relies on third-party pipelines for natural gas delivery, and disruptions could significantly impact its ability to fulfill customer contracts and revenue[119]. - The company may face challenges in securing sufficient natural gas to meet delivery obligations under SPAs, which could adversely affect its financial condition[118]. - The LNG business is subject to price volatility and fluctuations in demand, which could materially affect the company's performance and contracts[136]. - The company is exposed to risks associated with LNG vessel availability and transportation costs, which could impact its ability to fulfill contracts[130]. - Political instability in foreign countries may impede the willingness of LNG purchasers to import LNG from the United States, affecting the company's market opportunities[140]. - The company faces increased competition for LNG from alternative energy sources and may not remain a long-term competitive source of energy internationally[142]. Workforce and Safety - The company reported a total recordable incident rate of 0.05 for employees and contractors combined, placing it in the top quartile of industry benchmarks[93]. - The company’s wellness program incentivizes employees to maintain an active lifestyle, including subsidies for fitness devices and gym memberships[94]. - The company has faced challenges in developing LNG talent through its apprenticeship program, which combines classroom education with onsite training[91]. - The company may experience increased labor costs and challenges in attracting and retaining skilled workers, which could impact operating costs[147][148]. Cybersecurity and Technology - The company relies on control systems and technologies for operations, with potential cyber attack risks that could adversely affect business operations and financial reporting[145][146].

Cheniere Energy, Inc. (NYSE:LNG) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Randy Bhatia - VP, IR Zach Davis - EVP & CFO Anatol Feygin - EVP & Chief Commercial Officer Jack Fusco - President, CEO & Director Conference Call Participants Michael Lapides - Goldman Sachs Jeremy Tonet - JPMorgan Chase & Co. Marc Solecitto - Barclays Bank Michael Blum - Wells Fargo Securities Craig Shere - Tuohy Brothers Jean Salisbury - Sanford C. Bernstein & Co. Julien Dumoulin-Smith - Ba ...

Cheniere Energy, Inc. (NYSE:LNG) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Randy Bhatia - Investor Relations Jack Fusco - President & Chief Executive Officer Anatol Feygin - Executive Vice President & Chief Commercial Officer Zach Davis - Executive Vice President & Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Marc Solecitto - Barclays Jean Ann Salisbury - Bernstein Brian Reynolds - UBS Matt Taylor - Tudor, Pickering, Holt & Co. Michael L ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-16383 CHENIERE ENERGY, INC. (State or other jurisdiction of incorporation or organiza ...