How did Cheniere Energy perform in the first quarter of 2024?

Cheniere Energy, Inc. (NYSE:LNG) reported a net income of around $502 million, distributable cash flow of about $1.2 billion, and consolidated adjusted EBITDA of about $1.8 billion for the first quarter of 2024.

Is Cheniere Energy a good stock to buy?

In summary, we're delighted to see that Cheniere Energy has been able to increase efficiencies and earn higher rates of return on the same amount of capital. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors.

What is Cheniere Energy's RoCE?

To calculate this metric for Cheniere Energy, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.24 = US$8.7b ÷ (US$43b - US$6.2b) (Based on the trailing twelve months to March 2024). Therefore, Cheniere Energy has an ROCE of 24%.