Is Cheniere a liquefied natural gas company?

The logo of Houston-based liquefied natural gas company Cheniere seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing Rights

How did Cheniere Energy perform in the third quarter?

Revenue was expected to surge 141% to $7.7 billion, according to FactSet. Results: Cheniere Energy reported a net loss of $9.54 per share while sales soared 175% to $8.8 billion in the third quarter. The company reported that its loss was the result of an increase in derivative losses of more than $2 billion and settlements worth $6 billion.

What did Cheniere receive from Chevron?

Cheniere also received a portion of a $765 million payment Chevron ( CVX) owes the company for the early termination of a Terminal Use Agreement (TUA) between a Cheniere subsidy and the energy giant. The number of LNG cargoes increased 11% to 156 in Q3. As of Sept. 30, Cheniere had $652 million of LNG in transit.

Why is Cheniere Energy launching a LNG boom?

Cheniere Energy is at the heart of the coming LNG boom. This will be driven by Europe embracing LNG as Russia becomes an unreliable partner on the back of the invasion of Ukraine. Natural gas prices might remain elevated longer than the market expects. Russia's invasion of Ukraine has changed everything.