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Cheniere Energy reports quarterly loss on higher costs

Thursday, 05 May 2022 | 00:00

Liquefied natural gas producer Cheniere Energy Inc LNG.A reported a quarterly loss on Wednesday, compared with a profit a year earlier, hurt by a jump in operating costs and expenses.

The Houston-based company’s net loss attributable to common stockholders was $865 million, or $3.41 cents per share, in the first quarter ended March 31, from a profit of $393 million, or $1.54 per share, a year earlier.
Source: Reuters (Reporting by Arunima Kumar in Bengaluru; Editing by Shounak Dasgupta)

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