Cheniere Slumps on Surprise $3.5 Billion Loss on Derivatives

Cheniere Energy Inc. plunged almost 10% after posting a surprise $3.5 billion loss driven by a drop in the value of hedges as the Iran war upended natural gas markets.

By Ruth Liao · Bloomberg Markets

Cheniere Energy Inc. plunged almost 10% after posting a surprise $3.5 billion loss driven by a drop in the value of hedges as the Iran war upended natural gas markets.