Cheniere Energy, Inc Earnings Cheat Sheet: Swings to Loss

Cheniere Energy, Inc (AMEX:LNG) reported its results for the second quarter. Cheniere Energy, Inc. is engaged, through its subsidiaries, in the energy business generally, including its publicly traded subsidiary partnership, Cheniere Energy Partners, L.P.

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Cheniere Energy, Inc Earnings Cheat Sheet for the Second Quarter

Results: Swung to a loss of $47.2 million (67 cents per diluted share) in the quarter. Cheniere Energy, Inc had a net income of $85.7 million or 86 cents per share in the year earlier quarter.

Revenue: Rose 6.6% to $72.8 million from the year earlier quarter.

Actual vs. Wall St. Expectations: The company reported a narrower loss than the mean estimate of a loss of 75 cents per share.

Key Stats:

A year-over-year revenue increase last quarter snaps a streak of two consecutive quarters of revenue declines. Revenue fell 0.4% in the first quarter and fell 11.8% in the fourth quarter of the last fiscal year.

Competitors to Watch: Cheniere Energy Partners, L.P. (AMEX:CQP), Chevron Corporation (NYSE:CVX), TOTAL S.A. (NYSE:TOT), Kinder Morgan Energy Partners LP (NYSE:KMP), ConocoPhillips (NYSE:COP), El Paso Corporation (NYSE:EP), Enterprise Products Partners L.P. (NYSE:EPD), DCP Midstream Partners, LP (NYSE:DPM), Kinder Morgan Inc (NYSE:KMI), and Blue Dolphin Energy Co. (NASDAQ:BDCO).

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(Source: Xignite Financials)

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