Lower LNG Prices Drag Cheniere’s Q2 Profit Down by 36%

Cheniere Energy (NYSE: LNG) booked a 36% decline in its second-quarter earnings compared to a year ago, due to lower margins for delivered LNG cargoes. Cheniere Energy, the biggest U.S. LNG exporter, reported on Thursday a net income of $880 million for the second quarter, down from $1.37 billion for the same period of 2023. Half-year net income slumped by 80% to $1.382 billion from $6.8 billion for the six months ended June 30, 2023. The decreases in net income, as well as in consolidated adjusted EBITDA, or core earnings, were “primarily…