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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCheniere CEO Jack Fusco on Gas Prices and Fed Impact at Gastech ConferenceCheniere CEO Jack Fusco, in an interview with Brian Sullivan at the Gastech Conference, highlighted how low natural gas prices benefit the company and discussed the $1.5 trillion global investment in natural gas infrastructure. He also emphasized the importance of Federal Reserve decisions, given Cheniere's $25 billion in debt, and their impact on the company's financial outlook.
Persons: Jack Fusco, Brian Sullivan Organizations: Gas, Gastech Conference, Gastech, Federal Reserve
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLNG pause adds 'uncertainty' to the industry, says Cheniere CEO Jack FuscoCNBC's Brian Sullivan interviews Cheniere President and CEO Jack Fusco, from the CERAWeek conference in Houston, Texas.
Persons: Jack Fusco CNBC's Brian Sullivan, Jack Fusco Locations: Houston , Texas
Companies Cheniere Energy Inc FollowMay 2 (Reuters) - Top U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) raised its 2023 core earnings forecast on Tuesday after reporting a quarterly profit compared with a year-ago loss, sending its shares up 1.63% in premarket trading. Cheniere raised its consolidated adjusted core earnings forecast for 2023 to $8.2 billion-$8.7 billion from $8 billion-$8.5 billion, while analysts on average had expected $8.39 billion, according to Refinitiv. Cheniere, which operates the Corpus Christi and Sabine Pass export terminals, also expects higher distributable cash flow in 2023. "We set a new quarterly LNG production record in the first quarter," said Chief Executive Officer Jack Fusco. Cheniere posted a net income of $5.4 billion, or $22.10 cents per share, compared with average analysts' estimate of $5.52 cents per share, according to Refinitiv.
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