Overview
- Cheniere shares set an intraday record at $267.24 on Mar. 18, closed at $266.22, gained after hours, and remained elevated into Mar. 20 trading.
- Natural gas prices jumped roughly 5.6% to about $3.20 per MMBtu and are up nearly 7% this month as supply risks intensified.
- Thailand’s energy minister confirmed increasing purchases from Cheniere to 1.3 million tons per year, with first delivery targeted in Q2 2026 and the deal running through 2041.
- About 95% of Cheniere’s capacity is contracted under long-term take‑or‑pay agreements, bolstered by record earnings and a $10 billion share repurchase authorization.
- Iran-related tensions escalated after strikes on Qatar’s Ras Laffan and a warning that Gulf energy assets are ‘legitimate targets,’ while technicals show the stock in overbought territory and analysts keep ‘Strong Buy’ ratings with targets up to about $301.