# LNG producer Cheniere tops Q3 profit estimates, raises annual forecast

> Cheniere Energy raised its annual core profit forecast after beating third-quarter estimates. Results benefited from higher Asian spot LNG prices, which hit an eight-month high in August, and a 4% rise in cargo exports to 158 cargoes. The company is pursuing a 20 MTPA expansion at Sabine Pass.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8124-lng-producer-cheniere-tops-q3-profit-estimates-raises-annual-forecast
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Strong Asian LNG prices and rising US export volumes signal solid global demand for US gas, supporting feedgas demand and domestic gas prices. Expansion plans point to longer-term growth in US LNG export demand.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/cheniere-energys-third-quarter-profit-falls-lower-lng-margins-2024-10-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.