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Cheniere (LNG) Completes Sixth Unit at Its Export Facility
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Houston, TX-based Cheniere Energy (LNG - Free Report) , an exporter of liquefied natural gas (“LNG”), said that it completed the erection of a sixth liquefaction unit, Train 6, at its Sabine Pass liquefaction project in Cameron Parish, LA.
Cheniere stated that its engineering, procurement and construction partner, Bechtel, has finished the commissioning of the project, which began in June 2019, and has turned over Train 6 to Cheniere.
Both Cheniere and Bechtel have been successful in completing all six liquefaction trains at the Sabine Pass Project ahead of time and budgets, which will boost the company’s sales of liquefied natural gas going forward.
Cheniere, the first company to receive regulatory approval to export LNG from the United States, now owns and operates a total of nine trains (or gas liquefaction units), six of which are at the Sabine Pass project in Louisiana and three at Corpus Christi, TX.
Cheniere Energy Inc. is primarily engaged in businesses concerning LNG through its two business segments: LNG terminal, and LNG and natural gas marketing. The company, through its controlling interest in Cheniere Energy Partners L.P., owns and operates the Sabine Pass LNG terminal in Louisiana – North America’s first large-scale liquefied gas export facility. Furthermore, Cheniere Energy owns and operates the 94-mile Creole Trail Pipeline — the interconnect between the Sabine Pass receiving terminal and downstream markets — through its subsidiary.
Cheniere currently has a Zacks Rank #3 (Hold). Those interested in the energy sector might want to look at stocks that sport a better Zacks Rank. ExxonMobil (XOM - Free Report) , Centennial Resource Development and Eni (E - Free Report) each sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ExxonMobil beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 5.8%. Its stock has increased around 54.6% in a year.
The Zacks Consensus Estimate for ExxonMobil’s 2022 earnings has been revised upward by about 19% over the past 60 days from $5.88 to $6.99 per share. XOM is valued at around $335 billion.
The Zacks Consensus Estimate for Centennial’s 2022 earnings is projected at $1.29 per share, which is an increase of approximately 98.4% from the projected year-ago earnings of 65 cents.
Centennial stock has rallied 133.1% in a year. The Zacks Consensus Estimate for CDEV’s 2022 earnings per share has been revised from $1.12 to $1.29, up about 15%, in the past 60 days.
The Zacks Consensus Estimate for Eni’s 2022 earnings is projected at $4.11 per share, which is an increase of about 39% from the projected year-ago earnings of $2.96.
Eni stock has gone up 40.2% in a year. The Zacks Consensus Estimate for E’s 2022 earnings has been revised upward two times over the past 60 days.
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Cheniere (LNG) Completes Sixth Unit at Its Export Facility
Houston, TX-based Cheniere Energy (LNG - Free Report) , an exporter of liquefied natural gas (“LNG”), said that it completed the erection of a sixth liquefaction unit, Train 6, at its Sabine Pass liquefaction project in Cameron Parish, LA.
Cheniere stated that its engineering, procurement and construction partner, Bechtel, has finished the commissioning of the project, which began in June 2019, and has turned over Train 6 to Cheniere.
Both Cheniere and Bechtel have been successful in completing all six liquefaction trains at the Sabine Pass Project ahead of time and budgets, which will boost the company’s sales of liquefied natural gas going forward.
Cheniere, the first company to receive regulatory approval to export LNG from the United States, now owns and operates a total of nine trains (or gas liquefaction units), six of which are at the Sabine Pass project in Louisiana and three at Corpus Christi, TX.
Cheniere Energy Inc. is primarily engaged in businesses concerning LNG through its two business segments: LNG terminal, and LNG and natural gas marketing. The company, through its controlling interest in Cheniere Energy Partners L.P., owns and operates the Sabine Pass LNG terminal in Louisiana – North America’s first large-scale liquefied gas export facility. Furthermore, Cheniere Energy owns and operates the 94-mile Creole Trail Pipeline — the interconnect between the Sabine Pass receiving terminal and downstream markets — through its subsidiary.
Cheniere currently has a Zacks Rank #3 (Hold). Those interested in the energy sector might want to look at stocks that sport a better Zacks Rank. ExxonMobil (XOM - Free Report) , Centennial Resource Development and Eni (E - Free Report) each sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ExxonMobil beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being around 5.8%. Its stock has increased around 54.6% in a year.
The Zacks Consensus Estimate for ExxonMobil’s 2022 earnings has been revised upward by about 19% over the past 60 days from $5.88 to $6.99 per share. XOM is valued at around $335 billion.
The Zacks Consensus Estimate for Centennial’s 2022 earnings is projected at $1.29 per share, which is an increase of approximately 98.4% from the projected year-ago earnings of 65 cents.
Centennial stock has rallied 133.1% in a year. The Zacks Consensus Estimate for CDEV’s 2022 earnings per share has been revised from $1.12 to $1.29, up about 15%, in the past 60 days.
The Zacks Consensus Estimate for Eni’s 2022 earnings is projected at $4.11 per share, which is an increase of about 39% from the projected year-ago earnings of $2.96.
Eni stock has gone up 40.2% in a year. The Zacks Consensus Estimate for E’s 2022 earnings has been revised upward two times over the past 60 days.