Earnings release
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August 5 , 2021 CHENIERE Cheniere Reports Strong Second Quarter 2021 Results and Raises Full Year 2021 Guidance HOUSTON -- ( BUSINESS WIRE ) -- Cheniere Energy , Inc. ( " Cheniere " ) ( NYSE American : LNG ) today announced its financial results for the second quarter of 2021 . HIGHLIGHTS • Consolidated Adjusted EBITDA¹ of approximately $ 1.0 billion and $ 2.5 billion for the three and six months ended June 30 , 2021 , respectively . Distributable Cash Flow¹ of approximately $ 340 million and $ 1.09 billion for the three and six months ended June 30 , 2021 , respectively , an increase of approximately 30 % over the first half of 2020 . Net loss² of $ 329 million and net income of $ 64 million for the three and six months ended June 30 , 2021 , respectively . • Increasing full year 2021 Consolidated Adjusted EBITDA guidance to $ 4.6 - $ 4.9 billion and full year 2021 Distributable Cash Flow guidance to $ 1.8 - $ 2.1 billion due primarily to improved LNG market margins and an increase in forecasted LNG production . • In the first half of 2021 , we fully repaid the remaining outstanding borrowings under the Cheniere Term Loan Facility and fully repaid Cheniere's 4.875 % convertible notes due May 2021 with $ 500 million of available cash and $ 124 million from borrowings under the Cheniere Revolving Credit Facility , in line with previously announced capital allocation priorities . • In July , Corpus Christi Liquefaction Stage III , LLC ( " CCL Stage III " ) entered into an Integrated Production Marketing ( " IPM " ) agreement with Tourmaline Oil Marketing Corp. ( " Tourmaline " ) under which CCL Stage III will purchase 140,000 MMBtu per day of natural gas from Tourmaline at a price based on the Platts Japan Korea Marker ( JKM ) , for a term of approximately 15 years beginning in early 2023 . • Year to date , we have entered into fixed - fee LNG sales agreements with multiple counterparties for portfolio volumes aggregating approximately 12 million tonnes of LNG to be delivered between 2021 and 2032 . • S & P Global Ratings changed the outlook of Cheniere and Cheniere Energy Partners , L.P. ( " Cheniere Partners " ) credit ratings to positive from negative . CEO COMMENT " Our strong second quarter results are the product of our relentless focus on operational excellence and continued strength in the global LNG market , " said Jack Fusco , Cheniere's President and Chief Executive Officer . " Our outlook for the balance of the year has improved yet again , with sustained higher LNG prices and an improved production forecast from our LNG facilities enabling us to increase our full year 2021 financial guidance for the third consecutive quarter . "