Cheniere Energy is raising full year guidance and projects available cash exceeding $20bn through to 2026 on the back of higher LNG margins.
The changes, with full year 2022 consolidated adjusted EBITDA guidance now standing at $9.8-10.3bn, were attributed to several cargoes accelerating this year, which were previously forecast for 2023, as well as higher lifting margin on gas procurement.
It follows consolidated Adjusted EBITDA of approximately $2.5bn and $5.7bn for the three and six months ending June 30 respectively.
Zach Davis, Cheniere’s Executive Vice President and Chief Financial Officer, said since it announcing its capital allocation framework last autumn, it has achieved significant progress on each of the four key pillars of its ’20:20’ vision.
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