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This statistic highlights Tellurian’s Revenue by Segment, split between LNG, and Natural Gas & others, reported quarterly from Q1 2016 onwards.
Segment | 2022 Q1 | 2022 Q4 | 2023 Q1 | YoY Growth in 2023 Q1 |
LNG | 120,951 | 0 | ||
Natural Gas | 25,989 | 102,533 | 50,935 | 96% |
Total | 146,940 | 102,533 | 50,935 | -65% |
(All the figures are in thousands, except percentages)
Tellurian Inc clearly suffered a reduction in total revenue across both categories. In the first quarter of 2022, total revenue for the indicated periods is 146,940 units, falling to 102,533 units in the fourth quarter of the same year. Furthermore, overall sales plummeted to 50,935 units in the first quarter of 2023, representing a 65% decrease.
While the drop in total revenue is concerning, it is critical to examine the specific variables influencing each category. Tellurian Inc will need to understand the dynamics of the LNG and natural gas markets, as well as external factors driving revenue swings, in order to develop strategies that drive growth while mitigating risks.
LNG:
Tellurian Inc’s LNG sector achieved significant revenue in the first quarter of 2022, totaling 120,951 units. Unfortunately, data for the fourth quarter of 2022 is unavailable, making determining the precise growth rate for LNG during that period impossible. However, the company’s LNG revenue decreased 96% to 102,533 units in the first quarter of 2023.
While this drop is noteworthy, it is critical to analyse the different reasons that may have contributed to it. Such swings could be caused by market conditions, shifting demand, and changes in pricing dynamics. Tellurian Inc’s future advancements and plans will be critical in moulding the company’s LNG revenue.
Natural Gas:
Tellurian Inc’s natural gas division had divergent trends from its LNG counterpart. From 25,989 units in the first quarter of 2022 to 102,533 units in the fourth quarter of the same year, the company experienced a significant increase. This 96% growth rate indicates a strong market demand and good operational execution.
However, Tellurian Inc’s natural gas revenue fell to 50,935 units in the first quarter of 2023, a 50% fall from the previous quarter. While this drop is concerning, it is crucial to remember that the natural gas business is vulnerable to a variety of external influences, such as seasonal swings, market rivalry, and regulatory changes.
About Company
Tellurian Inc., headquartered in the United States, is a dynamic and innovative energy corporation. The company, which has a global presence, is focused on the development and production of natural gas, as well as its liquefaction for foreign markets. Tellurian is active along the natural gas value chain, from exploration and production to transportation and delivery. Driftwood LNG, the company’s flagship project, is a cutting-edge liquefied natural gas export facility on Louisiana’s Gulf Coast. Tellurian aspires to supply clean and reliable energy solutions to fulfill expanding worldwide demand while minimizing environmental effects through a dedication to sustainable practices. Tellurian is pushing the shift to a more sustainable energy future through strategic collaborations and cutting-edge technologies.
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