Summary
Cheniere Energy, Inc. (LNG) filed an amendment to its Form 10-Q for the quarterly period ended June 29, 2015, primarily to address disclosures required by Section 13(r) of the Exchange Act, related to transactions with Iran. The company explicitly states that neither Cheniere Energy, Inc. nor its affiliates engaged in any transactions with Iran or related entities during the quarter. This filing serves to fulfill regulatory requirements and provide transparency to investors regarding potential indirect affiliations through its stakeholders.
Financial Highlights
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Financial Statements
Beta
| Revenue | $68.03M |
| Cost of Revenue | $1.44M |
| Gross Profit | $66.58M |
| R&D Expenses | $16.61M |
| Operating Expenses | $163.90M |
| Operating Income | -$95.87M |
| Interest Expense | $85.49M |
| Net Income | -$118.50M |
| EPS (Basic) | $-0.52 |
| Shares Outstanding (Basic) | 226.48M |
| Shares Outstanding (Diluted) | 226.48M |
Key Highlights
- 1Cheniere Energy, Inc. confirmed no direct engagement in transactions with Iran or related parties during the quarter ended June 29, 2015.
- 2The filing addresses potential indirect affiliations via The Blackstone Group's ownership stake in Cheniere Partners.
- 3Blackstone Group, through one of its portfolio companies, Travelport, disclosed providing travel technology services to Iran Air and Iran Air Tours.
- 4Travelport's reported gross revenues from these services were approximately $145,000 and net profits were approximately $104,000 for the quarter.
- 5Travelport intends to continue these business activities, citing exemptions or specific licenses from the Office of Foreign Assets Control.
- 6Cheniere Energy, Inc. stated it has not independently verified Travelport's disclosures.