Cheniere Energy, Inc. (LNG: Quote) posted first quarter net loss of $56.42 million, wider than $39.84 million last year. Loss per share narrowed to $0.43 from $0.60 in the same quarter a year ago.
Total revenues declined to $70.47 million from $79.23 million in the prior-year quarter.
Results include LNG terminal and pipeline development expenses of $21.8 million, or $0.17 per share for the recent quarter and $8.4 million, or $0.13 per share, for the comparable year ago period, which primarily related to the Sabine Pass Liquefaction Project currently under development.
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by RTT Staff Writer
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