What caused LNG's Q2 2024 EPS to miss expectations?

Cheniere Energy's (LNG) Q2 2024 EPS of $3.84 missed expectations due to a combination of factors: 1. **Reduced Earnings Estimates**: Prior to the earnings release, US Capital Advisors had reduced their Q2 2024 EPS estimates for Cheniere Energy from $1.38 to $1.37. This downward revision indicated a potential for the actual EPS to fall short of expectations. 2. **Cost and Expense Increase**: The primary reason for the decline in profitability was a year-over-year increase in costs and expenses. This trend was likely exacerbated by factors such as higher operational costs or inflationary pressures, which directly impacted the net income and, consequently, the EPS. In summary, the Q2 2024 EPS of Cheniere Energy fell short of expectations due to a combination of reduced earnings estimates and increased costs and expenses.