LNG - Cheniere Energy Inc. (LNG) Q1 2024 Earnings Call Transcript
2024-05-03 16:00:11 ET
Cheniere Energy, Inc. (LNG)
Q1 2024 Earnings Conference Call
May 03, 2024, 11:00 ET
Company Participants
Frances Smith - Director, IR
Jack Fusco - President, CEO & Director
Anatol Feygin - EVP & Chief Commercial Officer
Zach Davis - EVP & CFO
Conference Call Participants
Jeremy Tonet - JPMorgan Chase & Co.
Keith Stanley - Wolfe Research
John Mackay - Goldman Sachs Group
Theresa Chen - Barclays Bank
Spiro Dounis - Citigroup
Craig Shere - Tuohy Brothers
Benjamin Nolan - Stifel, Nicolaus & Company
Jason Gabelman - TD Cowen
Presentation
Operator
Good day, and welcome to the Cheniere Energy First Quarter 2024 Earnings Call and Webcast. Today's call is being recorded. At this time, I'd like to turn the conference over to Frances Smith, Director of Investor Relations. Please go ahead.
Frances Smith
Thanks, operator. Good morning, everyone, and welcome to Cheniere's First Quarter 2024 Earnings Conference Call. The slide presentation and access to the webcast for today's call are available at cheniere.com. This is Frances Smith on for Randy, who unfortunately couldn't be here this morning. Joining me are Jack Fusco, Cheniere's President and CEO; Anatol Feygin, Executive Vice President and Chief Commercial Officer; Zach Davis, Executive Vice President and CFO; and other members of Cheniere's senior management.
Before we begin, I would like to remind all listeners that our remarks, including answers to your questions, may contain forward-looking statements, and actual results could differ materially from what is described in these statements. Slide 2 of our presentation contains a discussion of those forward-looking statements and associated risks. In addition, we may include references to certain non-GAAP financial measures, such as consolidated adjusted EBITDA and distributable cash flow.
A reconciliation of these measures to the most comparable GAAP financial measure can be found in the appendix to the slide presentation. As part of our discussion of Cheniere's results, today's call may also include selected financial information and results for Cheniere Energy Partners LP, or CQP. We do not intend to cover CQP's results separately from those of Cheniere Energy, Inc.
The call agenda is shown on Slide 3. Jack will begin with operating and financial highlights. Anatol will then provide an update on the LNG market, and Zach will review our financial results and guidance. After prepared remarks, we will open the call for Q&A. I will now turn the call over to Jack Fusco, Cheniere's President and CEO.
Jack Fusco
Thank you, Frances, and good morning, everyone. Thanks for joining us today as we review our first quarter results, highlighting a successful start to 2024 across the entire Cheniere platform. The first quarter was marked by strong financial results and outstanding execution across Cheniere, including all pillars of our capital allocation plan objectives. We made significant meaningful progress on the future development across both sites, all of which continues to be enabled by a relentless focus to be the leading producer of LNG to the world.
Our focus and commitment to operational excellence has never been more important, as we face significant and potentially exponential growth in power demand around the globe, which is projected to be met in part with natural gas-fired generation. The global acceleration of power demand is driven by the penetration of electric vehicles, the electrification of heating, cooling, industrial production and most topically lately, power-hungry data centers. ...
Cheniere Energy, Inc. (LNG) Q1 2024 Earnings Call Transcript