Cheniere Energy reports 2Q profit and reconfirms 2020 guidance

Cheniere Energy Inc posted a second-quarter profit on higher margins and accelerated revenue, the company reported on Thursday.

The largest U.S. exporter of Liquefied Natural Gas (LNG) said results topped analysts' expectations. The company reported a per share profit of $0.78, compared with a forecast of 58 cents, according to IBES Refinitiv.

Cheniere reconfirmed its full-year 2020 guidance of $3.8 to $4.1 billion in consolidated adjusted EBITDA and $1.0 to $1.3 billion in distributable cash flow.

(Reporting by Sabrina Valle; editing by David Evans) ((Sabrina.Valle@thomsonreuters.com;))