Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates

Cheniere Energy Inc. (LNG) reported first-quarter 2024 adjusted profit of $2.13 per share, which missed the Zacks Consensus Estimate of$2.3. This underperformance can be primarily attributed to a year-over-year increase in costs and expenses. The bottom line also deteriorated from the year-ago quarter’s level of $6.89.Revenues totaled$4.3 billion, which beat the Zacks Consensus Estimate of $4 billion. This was primarily due to gas export revenues of$4 billion, which beat the consensus estimate by 7.1%. H ...