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Additional LNG trains at Sabine Pass pull up Cheniere's Q2 earnings

Cheniere Energy Inc. on Aug. 9 reported second-quarter adjusted EBITDA of $531 million, up from $371 million a year earlier.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $553.5 million.

The company's distributable cash flow in the quarter was $80 million, down from $360 million a year earlier. Cheniere reported a net loss of $18 million, compared with a loss of $285 million a year earlier.

In a separate earnings release, Cheniere Energy Partners LP reported second-quarter adjusted EBITDA of $562 million, up from $283 million in the prior-year period. The S&P Global Market Intelligence consensus adjusted EBITDA estimate was $582.2 million.

Cheniere Energy Partners reported net income of $281 million, up from $46 million a year earlier.

Both entities attributed the earnings increases to higher income from operations resulting from additional gas liquefaction trains in operation at the Sabine Pass LNG export terminal. "Our results for the second quarter of 2018 reflect strong operational performance and continued robust and durable LNG market pricing," said Jack Fusco, president and CEO of Cheniere.