FX.co ★ Cheniere Energy Inc. Profit Retreats In Q1, misses estimates

Cheniere Energy Inc. has reported a decrease in its earnings for the first quarter, in comparison to the same period in the previous year. The earnings also fell short of market expectations.

The company's profit stood at $502 million for this quarter, which amounts to $2.13 per share, a considerable drop from the $5.43 billion, or $22.10 per share, recorded during the same quarter the previous year.

Market analysts had predicted that the company's earnings would be around $2.24 per share, based on data collected by Thomson Reuters. These estimates generally do not account for special items.

Moreover, Cheniere Energy Inc. witnessed a 41.9% decrease in its revenue, as it fell from $7.31 billion in the previous year to $4.25 billion this quarter.

To summarize, Cheniere Energy Inc.'s earnings as per the Generally Accepted Accounting Principles (GAAP) are as follows: the earnings in the first quarter were $502 million compared to $5.43 billion in the previous year; earnings per share (EPS) for the first quarter stood at $2.13 versus $22.10 last year; revenue for the first quarter was $4.25 billion, down from $7.31 billion the previous year.