AUSTIN, Texas, Nov. 21, 2024 /PRNewswire/ -- Pennybacker Capital Management, LLC (Pennybacker), a leading real assets investment manager, today announced it has completed the acquisition of the small-scale Florida-based liquefied natural gas production and distribution business (Miami LNG business) from New Fortress Energy Inc. (Nasdaq: NFE).The Miami LNG business is a strategically located small-scale liquefaction operation, equipped with one liquefaction train that produces up to approximately 8,300 MMBtu ...

Golar LNG Limited (GLNG) reported third-quarter 2024 earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 37 cents. However, the company’s bottom line declined year over year.Find the latest EPS estimates and surprises on ZacksEarnings Calendar.Revenues of $64.8 million met the Zacks Consensus Estimate. The top line declined 4% year over year.Adjusted EBITDA of $59 million declined 21% year over year.GLNG exited the third quarter of 2024 with cash and cash equivalents of $732.06 millio ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SHEL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any i ...

TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) today provided an operational update in respect of its Colombian operations. Gas Sales Agreements As previously announced on October 21, 2024, as a result of unexpected production restrictions at certain wells in the Bullerengue natural gas field, the Company has had to limit natural gas deliveries under certain gas sales agreements dedicated to suppl ...

ATHENS, Greece, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of LNG carriers, today announced that it will release its financial results for the third quarter results ended September 30, 2024, before market opens in New York on Friday, November 22, 2024. The Partnership will not host a conference call to present the three- and nine-months results ended September 30, 2024. However, Dynagas LNG Partners remains commit ...

Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The "LNG New-Build and Expansion Projects Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.Globally, a total of 237 LNG projects are expected to start operations from 2024 to 2028. Of these, 154 represent regasification projects and 83 are liquefaction projects. Asia dominates globally with the highest number of LNG regasification projects (99) by 2028. China leads among the countries with 35 regasification projects expected to start oper ...

CALGARY, Alberta, Nov. 08, 2024 (GLOBE NEWSWIRE) -- NuVista Energy Ltd. ("NuVista" or the "Company") (TSX: NVA) is pleased to announce strong financial and operating results for the three and nine months ended September 30, 2024, and to provide an update on our operational performance. The quality and composition of our asset base consistently enables us to generate strong returns across commodity price cycles. Subsequent to the third quarter, our daily production has reached new record levels, as we contin ...

Fiscal Year 2024 (comparisons versus prior year): GAAP EPS# of $17.24, up 67 percent; GAAP net income of $3.9 billion, up 65 percent; and GAAP net income margin of 31.9 percent, up 1,330 basis points Adjusted EPS* of $12.43, up eight percent; adjusted EBITDA* of $5.0 billion, up seven percent; and adjusted EBITDA margin* of 41.7 percent, up 440 basis pointsQ4 FY24 (comparisons versus prior year): GAAP EPS# of $8.81, up 186 percent; GAAP net income of $2.0 billion, up 181 percent; and GAAP net income margin ...

Financial Performance - Cheniere Energy, Inc. reported third-quarter 2024 adjusted profit of $3.93 per share, exceeding the Zacks Consensus Estimate of $1.79 and up from $2.37 in the same quarter last year, attributed to a decrease in costs and expenses [1] - Revenues totaled $3.8 billion, surpassing the Zacks Consensus Estimate of $3.7 billion, driven by a year-over-year increase in other revenues to $175 million, which beat the consensus estimate by 15.9%. However, this represents a 9.5% decrease from $4.2 billion in the year-ago quarter due to reduced LNG revenues [2] - Consolidated adjusted EBITDA was $1.5 billion, down 11.7% from the previous year, influenced by moderating international gas prices and a higher share of LNG sold under long-term contracts, resulting in lower margins [5] - Distributable cash flow (DCF) was reported at $0.8 million, with 158 cargoes shipped compared to 152 in the prior year, and total LNG exports increased to 568 trillion British thermal units (TBtu) from 545 TBtu [6] Dividend and Shareholder Returns - Cheniere increased its quarterly dividend by approximately 15%, raising it to 50 cents per share, payable on November 18, 2024 [3] Environmental Initiatives - In October 2024, Cheniere introduced a voluntary target to reduce Scope 1 methane emissions intensity at its liquefaction facilities, aligning with its broader climate strategy and the United Nations Environment Programme's Oil & Gas Methane Partnership 2.0 [4] Credit Ratings and Financial Health - Fitch Ratings upgraded Cheniere Corpus Christi Holdings, LLC's credit rating from BBB to BBB+, marking the 22nd upgrade since 2021. S&P Global Ratings revised the outlook from stable to positive in October 2024 [11] Costs and Balance Sheet - Costs and expenses for the third quarter amounted to $2.1 billion, down 50.7% from the prior year [12] - As of September 30, 2024, Cheniere had approximately $2.7 billion in cash and cash equivalents, with net long-term debt of $22.5 billion and a debt-to-capitalization ratio of 70.7% [12] Future Guidance - The company expects consolidated adjusted EBITDA in the range of $6 billion to $6.3 billion for 2024, with DCF projected between $3.4 billion and $3.7 billion [13] Project Updates - Cheniere operates six natural gas liquefaction trains at the Sabine Pass LNG terminal with a total production capacity of approximately 30 million tons per annum (mtpa) [14] - The SPL Expansion Project is being developed with an anticipated production capacity of up to 20 mtpa [15] - The CCL Project operates three liquefaction trains with a total capacity of around 15 mtpa, and the CCL Stage 3 Project is expected to exceed 10 mtpa [17][18] - As of September 30, 2024, the CCL Stage 3 Project is 67.8% complete, with substantial completion expected between the first half of 2025 and the second half of 2026 [19]

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Covering Cheniere Energy (NYSE: LNG ) comes with bittersweet feelings. On the one hand, since I gave the stock a Strong Buy rating on May 8, it's up roughly 20%, beating the S&P 500 by ten points. On the other hand, I'mAnalyst’s Disclosure: I/we have no stock, option or similar ...