Scotiabank Remains Cautious on Cheniere Energy (LNG), Maintains Outperform Rating

Core Insights - Cheniere Energy Inc. is highlighted as a highly profitable large-cap stock, with Scotiabank maintaining an Outperform rating despite lowering the price target to $257 from $261 [1][3] Financial Performance - In Q3 2025, Cheniere Energy reported quarterly revenue of $4.44 billion, marking an 18.02% increase year-over-year [3] - The company achieved earnings per share (EPS) of $4.75, exceeding expectations by $1.86 [3] - Distributable cash flow for the quarter was approximately $1.6 billion, leading to an upward revision of the full-year 2025 guidance for distributable cash flow from $4.4 to $4.8 billion to a new range of $4.8 to $5.2 billion [3] Operational Highlights - A significant operational achievement was the substantial completion of the third Train of Corpus Christi Stage 3 ahead of schedule [4] - Cheniere produced and exported a total of 163 LNG cargoes during the quarter [4] - The company forecasts a record year for LNG production in 2026, estimating production between 51 million to 53 million tons, supported by the ongoing startup of remaining trains at Corpus Christi Stage 3 [4] Industry Context - The Q3 2025 earnings reports across the industry indicate that companies with diversified operations and scale are better positioned to mitigate the impacts of macroeconomic uncertainties and volatile commodity prices [2]