Cheniere Energy, Inc. (NYSE:LNG) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET
Company Participants
Randy Bhatia - VP, IR
Jack Fusco - President, CEO & Director
Anatol Feygin - EVP & Chief Commercial Officer
Zach Davis - EVP & CFO
Conference Call Participants
Michael Blum - Wells Fargo Securities
Benjamin Nolan - Stifel
Jeremy Tonet - JPMorgan Chase & Co.
Craig Shere - TE Brothers
John Mackay - Goldman Sachs Group
Brian Reynolds - UBS
Jean Salisbury - Sanford C. Bernstein & Co.
Keith Stanley - Wolfe Research
Operator
Good day, and welcome to the Cheniere Energy Third Quarter 2023 Earnings Call and Webcast. Today's conference is being recorded. At this time, I'd like to turn the conference over to Randy Bhatia. Please go ahead.
Randy Bhatia
Thank you, operator. Good morning, everyone, and welcome to Cheniere's Third Quarter 2023 Earnings Conference Call. The slide presentation and access to the webcast for today's call are available at cheniere.com. Joining me this morning are Jack Fusco, Cheniere's President and CEO; Anatol Feygin, Executive Vice President and Chief Commercial Officer; Zach Davis, Executive Vice President and CFO; and other members of the Cheniere senior management team. Before we begin, I would like to remind all listeners that our remarks, including answers to your questions, may contain forward-looking statements, and actual results could differ materially from what is described in these statements. Slide 2 of our presentation contains a discussion of those forward-looking statements and associated risks. In addition, we may include references to certain non-GAAP financial measures such as consolidated adjusted EBITDA and distributable cash flow. A reconciliation of these measures to the most comparable GAAP measure can be found in the appendix of the slide presentation.
As part of our discussion of Cheniere's results, today's call may also include selected financial information and results for Cheniere Energy Partners LP, or CQP. We do not intend to cover CQP's results separately from those of Cheniere Energy, Inc. The call agenda is shown on Slide 3. Jack will begin with operating and financial highlights. Anatol will then provide an update on the LNG market, and Zach will review our financial results and 2023 guidance. After prepared remarks, we will open the call for Q&A. I'll now turn the call over to Jack Fusco, Cheniere's President and CEO.
Jack Fusco
Thank you, Randy, and good morning, everyone. Thanks for joining us today as we review our third quarter results and improved full year 2023 outlook. Before we get started, I would like to acknowledge the tragedies of war taking place around the world. Our thoughts and prayers are with those whose lives have been and continue to be impacted by these devastating and heartbreaking events. These events are contributing to disruptions, risk, uncertainty and volatility in the energy markets around the world. International gas supply sources and the critical infrastructure, enabling cross-border trade have become focal points with risk to this supply and its access increasingly reflected in price and volatility across international gas benchmarks in recent weeks. As the operator of the second largest LNG platform in the world, stable and reliable operations at our facilities have arguably never been more critical than it is today. As you all know, ensuring stable and reliable operations at our facilities with safety as a foundation has been my central focus since becoming CEO in 2016. When I joined Cheniere just begun LNG operations, producing its first LNG cargo that February.