Movement Alert|Cheniere Intraday Rise 5.79% in Regular Trading, Q3 Results Beat Expectations

Market Focus10-29 21:32

On October 29, Cheniere posted an Intraday Rise of 5.79% in Regular Trading, trading at $310.765 per share, with turnover of $40.8118 million.

The move was supported by a clear earnings catalyst after the company reported third-quarter EPS of $5.65, above the $4.22 consensus estimate, and revenue of $6.173 billion, above the $5.360 billion estimate.

The earnings surprise was material, with EPS up 18.95% from $4.75 a year earlier according to the available report. Background developments also showed continued commercial momentum, including long-term LNG supply agreements signed in October with QatarEnergy and earlier capacity expansion progress at Corpus Christi, which increased production capacity by more than 20% to 56 million tons per annum.

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