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(Comparison with estimates, adding details on the result of the first quarter as a whole)
The US exporter of liquefied natural gas CHENIERE ENERGY LNG.N exceeded the estimates of profits and income of the first quarter on Thursday, helped by the rise in natural gas prices and the increase in demand for super refrigerated fuel.
LNG, or liquefied natural gas, is natural gas cooled in liquid form for transport.
The United States became the world’s leading LNG exporter in 2023, exceeding Australia and Qatar, and has taken momentum after President Donald Trump raised a moratorium on new export permits in January.
The growing demand for energy -consuming data centers, which feeds the development of artificial intelligence, should also increase the demand for natural gas and, therefore, LNG.
CHENIERE said that the first quarter -adjusted basic profit, or EBITDA, increased by 6 % to $ 1.87 billion compared to last year, which has also exceeded the average analysts of $ 1.64 billion, according to data compiled by LSEG.
The increase is mainly due to the increase in beneficiary margins on each LNG unit sold, as higher market prices stimulated yields compared to the same period in 2024.
The total turnover of the company for the first quarter increased by 28 % to 5.44 billion dollars, exceeding estimates of $ 4.91 billion.
The reported quarter included an increase of $ 725 million from the increase in LNG contract prices related to Henry Hub and $ 428 million from the increase in short -term marketing sales in a high -level gas price context, said the company earlier in a deposit.
Cheniere reaffirmed its forecasts for 2025, tabling on an adjusted Ebitda between 6.5 and $ 7.0 billion, and a distributable cash flow between 4.1 and 4.6 billion dollars.
The company said LNA turnover of $ 5.31 billion for the three months ending in March, compared to $ 4.04 billion a year ago.
On the project front, CHENIERE said that the first train of its Corpus Christi Stage 3 extension in Texas was practically completed in March, which brings the project’s completion rate to 82.5 %.
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