Get today’s 3Q 2024 earnings report from Cheniere Executive Vice President and Chief Financial Officer Zach Davis. NYSE: LNG #CFO #LNG $LNG #finance Find more information here: https://lnkd.in/gYT7uDYQ
Cheniere Energy, Inc. today announced 3Q 2024 results and raised and tightened financial guidance for full-year 2024 on the strength of incremental production, higher margins and portfolio optimization activities. Our strong financial results continue to drive progress on our ‘20/20 Vision’ capital allocation plan, with ~$1 billion deployed in the quarter. As previously announced, we increased our third-quarter dividend by ~15% to $2.00 per share annualized. With our shares repurchased to-date, we are over halfway to meeting our goal of ~200 million shares outstanding. During the quarter, the company exported its 1,000th cargo from our Corpus Christi Liquefaction facility, a milestone that reinforces Cheniere’s reputation as a safe and reliable operator. We advanced our CCL Stage 3 project and continue to target first LNG from its first train by the end of the year, and now expect 47-48 MT of production next year across our facilities. In addition to our financial results, yesterday we announced the establishment of a voluntary, measurement-informed Scope 1 methane emissions intensity target of 0.03% per tonne of LNG produced across our two Gulf Coast liquefaction facilities by 2027. The target represents the latest milestone in Cheniere’s climate strategy. As we approach the end of the year, I want to thank our workforce, investors and communities for their continued support of our efforts. #Cheniere $LNG $CQP #LNG