LNG Cheniere (LNG) Q4 FY24 earnings call
Cheniere delivered strong Q4 and full-year 2024 results, driven by record LNG production and operational excellence. The company is advancing its Corpus Christi Stage 3 project ahead of schedule, with Train 1 producing its first cargo, and is actively pursuing permits for significant brownfield expansion at both sites to potentially double capacity. Management is optimistic about a more constructive regulatory environment for U.S. LNG, reinforcing its long-term growth strategy and capital allocation plan.
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LNG operating KPIs by quarter
| KPI | This call Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Employees | 1,700These outstanding financial results are once again enabled by the relentless focus on performance that I'm proud to share with my 1,700 Cheniere colleagues around the world.Source: earnings call transcript | — | 1,700We'd like to say that we're exclusively focused on Sabine and Corpus with our 1,700 people, and that's all we do.Source: earnings call transcript | — | — | — | — | — |
| Capital expenditures Stage 3 | ~$220MDuring the fourth quarter and full year, we funded approximately $220 million and $1.5 billion of CapEx on Stage 3, bringing total spend on the project to over $4.5 billion.Source: earnings call transcript | ~$325MDuring the first quarter, we funded approximately $325 million of CapEx on Stage 3, bringing total spend on the project to over $4.8 billion.Source: earnings call transcript | ~$400MDuring the second quarter, we funded approximately $400 million of CapEx on Stage 3, bringing total spend on the project to approximately $5.2 billion unlevered.Source: earnings call transcript | $300M+During the third quarter, we funded over $300 million of CapEx on Stage 3, bringing total spend to approximately $5.5 billion unlevered.Source: earnings call transcript | — | — | — | — |
| LNG cargoes exported | — | — | — | — | 185During the fourth quarter, we exported 185 LNG cargoes from our facilities.Source: earnings call transcript | 187The 187 cargoes we exported through March topped the previous record set in the fourth quarter of last year.Source: earnings call transcript | 184On the production side, we produced and exported 184 cargoes or 672 TBtu, a 20% increase over the same period last year.Source: earnings call transcript | -1.6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.