Top U.S. LNG Exporter Boosts Dividend By 20%

OilPrice.com | Sep 13, 2022 at 7:00 AM
  • Cheniere Energy, the largest U.S. exporter of liquefied natural gas, is hiking its dividend by around 20% this quarter and is upsizing its share buyback program as it expects increased core earnings thanks to high margins on LNG throughout this year.
  • In a corporate update this week, Cheniere announced its long-term capital allocation plan and raised its earnings guidance for 2022, as the LNG exporter continues to supply most of its cargoes to energy-starved Europe.
  • The LNG exporter also upsized its share repurchase program by $4 billion for an additional three-year authorization.