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Friday, February 20, 2015 11:11:48 AM
08:24 AM EST, 02/20/2015 (MT Newswires) -- Cheniere Energy (LNG), a developer of liquefied natural gas terminals, reported a wider quarterly loss from the same period a year ago as revenues fell short of expectations.
The company reported a Q4 net loss attributable to common stockholders of $158.6 million, or $0.70 per share, wider than the loss of $135.2 million, or $0.61 per share, for the corresponding 2013 period. Analysts predicted a loss of $0.23 per share for the quarter.
Total revenues of $65.9 million were down from $66.4 million in the same period a year ago and missed analyst projections of $67.3 million.
Results for the quarter and the full year included significant items of $44.2 million and $286.7 million, compared to $34.0 million and $109.1 million for the comparable 2013 periods, respectively. The items are related to development expenses for the liquefaction facilities being developed near Corpus Christi, Texas, losses on early extinguishment of debt, and derivative gains (losses) due primarily to changes in long-term LIBOR during the respective periods.
Shares of LNG are at $74.95 within a 52-week range of $47.63 - $85.00.
Price: 74.95, Change: +0.00, Percent Change: +0.00
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