Cheniere tops earnings estimates, raises full year profit view

reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook.

President Jack Fusco said construction of its Corpus Christi, Texas, Stage 3 expansion project is 38% complete and running ahead of schedule for a late 2025 startup. Cost inflation on that and its Corpus Christi midscale project is running around 10%, he said. U.S. natural gas prices averaged $2.417 per million British thermal units during the April-June quarter, down nearly 63% from the year-ago quarter, when demand skyrocketed following Russia's invasion of Ukraine.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sinclair Inc. Q2 Results Slip As Company Touts Reorganization As A Way Of “Unlocking Hidden Value”Sinclair Inc. reported an 8% year-over-year drop in total revenue to $768 million in the second quarter as losses widened and the company declared a newly intensified focus on unlocking “hidd…
Source: DEADLINE - 🏆 109. / 63 Read more »