logo
Share SHARE
FONT-SIZE Plus   Neg

Cheniere Energy Q1 Net Loss Widens - Quick Facts

Cheniere Energy, Inc. (LNG) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Subsequent to the bankruptcy filing of German no frills airline Air Berlin (AIBEF.PK), Lufthansa airline is strongly pursuing to acquire Air Berlin. Meanwhile, Ryanair, its Irish rival, accused conspiracy in the deal and said that the acquisition move will breach the existing competition rules in Germany in general and EU in particular. The Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, a UK labor union reported. Britain's Unite union claimed on Tuesday that the bank informed its staff about a further 40 percent cut of permanent IT jobs, which is said to be part of ongoing deep cost-cutting at the taxpayer-owned bank. The bank also plans a 65 percent reduction of contractors. Discount-store operator Target, Inc. on Wednesday lifted its fiscal 2017 forecast for earnings and comparable sales after reporting higher comps in its second quarter. Net earnings in the quarter declined, while earnings from continuing operations increased with higher sales. Adjusted earnings per share as well as top line beat analysts' estimates. In pre-market, Target shares were up 6.4 percent.
comments powered by Disqus
Follow RTT