Cheniere Energy Inc. (LNG) reported that its fourth-quarter net loss attributable to common stockholders widened to $158.6 million or $0.70 per share from $135.2 million, or $0.61 per share in the prior year.
Results included significant items for the latest quarter of $44.2 million, compared to $34.0 million for the comparable 2013 periods.
The significant items for the recent quarter related to development expenses primarily for the liquefaction facilities being developed by us near Corpus Christi, Texas, losses on early extinguishment of debt related to the write-off of debt issuance costs by Sabine Pass Liquefaction, LLC in connection with the refinancing of a portion of its credit facilities in May 2014 and April 2013, and derivative gains (losses) due primarily to changes in long-term LIBOR during the respective periods.
Total revenues dropped to $65.95 million from $66.42 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.26 per share and revenues of $67.31 million for the quarter. Analysts' estimates typically exclude special items.
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