HOUSTON — Cheniere Energy Inc. (LNG) on Thursday reported first-quarter earnings of $375 million.
On a per-share basis, the Houston-based company said it had net income of $1.43.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The natural gas company posted revenue of $2.71 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.54 billion.
Cheniere Energy shares have dropped 27% since the beginning of the year. The stock has decreased 31% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LNG at https://www.zacks.com/ap/LNG