Cheniere Energy (NYSEAMERICAN:LNG) announced its quarterly earnings results on Thursday. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.32), Briefing.com reports. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.64 billion. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business earned ($1.23) earnings per share.
Shares of Cheniere Energy opened at $62.88 on Friday, according to Marketbeat.com. Cheniere Energy has a 1-year low of $40.36 and a 1-year high of $69.50.
In other Cheniere Energy news, major shareholder Carl C. Icahn sold 9,000,000 shares of the stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $64.93, for a total value of $584,370,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Heather Zichal sold 3,406 shares of the stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $68.72, for a total value of $234,060.32. Following the completion of the transaction, the director now owns 9,958 shares of the company’s stock, valued at approximately $684,313.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,023,406 shares of company stock valued at $585,904,060.
About Cheniere Energy
Cheniere Energy, Inc, an energy company, engages in the liquefied natural gas (LNG) related businesses in the United States. The company operates in two segments, LNG Terminal Business, and LNG and Natural Gas Marketing. It owns and operates Sabine Pass LNG terminal in Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
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