Cheniere Energy Twins Q1 Net Losses Deepen
Cheniere Energy and closely related Cheniere Energy Partners have released their Q1 results, and the news is sure to disappoint investors. For the former, its quarterly revenue was just under $66 million, down from the $70 million the company posted in the same period the previous year. Attributable net loss widened considerably, to $117 million ($0.54 per diluted share) from Q1 2012's shortfall of $56 million ($0.43).
The most recent quarter's numbers fell well short of analyst projections, which on the average were for revenue of $75 million and a per-share loss of only $0.20.
As for Cheniere Energy Partners, its Q1 top line came in at $66 million, $3 million lower than Q1 2012's $69 million. Its net loss was $42 million ($0.10 per diluted share), against the year-ago quarter's $19 million ($0.23).
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