Cheniere Energy reports rise in second-quarter profit on increased LNG demand
LNG•Revenue and sector backdrop
The company's LNG revenue was $5.64 billion in the quarter, compared with $4.52 billion a year earlier, while regasification revenues remained flat at $34 million.
The U.S. is the world's largest exporter of LNG, shipping 15 billion cubic feet per day (bcfpd) of the supercooled fuel in 2025, according to the U.S. Energy Information Administration, up 26% from 2024.
Commercial activity in the LNG sector has gained further momentum after U.S. President Donald Trump lifted a moratorium on new LNG export permits after taking office last year.
Second-quarter profit rises on stronger LNG demand
Aug. 6 (Reuters) - Cheniere Energy reported a rise in second-quarter profit on Thursday, helped by increased demand for liquefied natural gas (LNG), sending its shares up 2% in premarket trading.
The Houston, Texas-based company posted net income of $3.07 billion for the quarter ended June 30, compared with $1.63 billion in the previous year.
