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Industrials

Cheniere Energy reports 2Q profit and reconfirms 2020 guidance

Aug 6 (Reuters) - Cheniere Energy Inc posted a second-quarter profit on higher margins and accelerated revenue, the company reported on Thursday.

The largest U.S. exporter of Liquefied Natural Gas (LNG) said results topped analysts’ expectations. The company reported a per share profit of $0.78, compared with a forecast of 58 cents, according to IBES Refinitiv.

Cheniere reconfirmed its full-year 2020 guidance of $3.8 to $4.1 billion in consolidated adjusted EBITDA and $1.0 to $1.3 billion in distributable cash flow. (Reporting by Sabrina Valle; editing by David Evans)

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