$3.5 Billion Quarterly Loss for Cheniere Energy Amid Global LNG Market Volatility

Cheniere Energy posted a quarterly net loss of $3.5 billion due to billions in losses tied to LNG-linked derivative contracts.

The company's results were mainly hurt by a $4.8 billion unfavorable change in the value of these agreements, which are linked to its long-term liquefied natural gas contracts.

Volatility in global LNG markets following the US-Israeli war on Iran is affecting energy companies, even as demand for US LNG exports remains strong.