Cheniere Energy (NYSE:LNG) has increased its 2026 financial outlook, reporting over $2.3 billion in first-quarter adjusted EBITDA and around $1.7 billion in distributable cash flow. The company exported a record 187 LNG cargoes during the quarter, driven by heightened global demand for U.S. LNG amid geopolitical tensions in the Middle East affecting gas markets.
In response to rising demand and operational improvements, Cheniere raised its full-year 2026 EBITDA guidance to between $7.25 billion and $7.75 billion, with distributable cash flow expected to range from $4.75 billion to $5.25 billion. The company now anticipates LNG production of 52 to 54 million tons in 2026, up by 1 million tons from earlier forecasts.
Cheniere also reported a first-quarter net loss of $3.5 billion due to non-cash derivative impacts, albeit an adjusted net income of approximately $1 billion when excluding these losses. Additionally, the company plans to continue its share repurchase program, having already bought back about 2.7 million shares for $535 million this quarter.
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