Cheniere Energy Twins Q1 Net Losses Deepen

By Eric Volkman – May 4, 2013 at 7:00AM

NYSE: LNG

Cheniere Energy

Market Cap

$37B

Today's Change

(1.23%) $1.94

Current Price

$159.36

Price as of April 25, 2024, 4:00 p.m. ET

The two entities also report lower revenues compared to the same period last year.

Cheniere Energy (LNG 1.23%) and closely related Cheniere Energy Partners (CQP 0.54%) have released their Q1 results, and the news is sure to disappoint investors. For the former, its quarterly revenue was just under $66 million, down from the $70 million the company posted in the same period the previous year. Attributable net loss widened considerably, to $117 million ($0.54 per diluted share) from Q1 2012's shortfall of $56 million ($0.43).

The most recent quarter's numbers fell well short of analyst projections, which on the average were for revenue of $75 million and a per-share loss of only $0.20.

As for Cheniere Energy Partners, its Q1 top line came in at $66 million, $3 million lower than Q1 2012's $69 million. Its net loss was $42 million ($0.10 per diluted share), against the year-ago quarter's $19 million ($0.23).

Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.