Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further. 

The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133 cargoes set in 1Q2021 and were up from the 78 cargoes exported during the same period last year. 

An improving outlook for the global gas market prompted Cheniere to revise its 2021 financial guidance upward. The company is now guiding for distributable cash flow of $1.8-2.1 billion, compared with the previous range of $1.6-1.9 billion.

“The continued strengthening of the LNG market is yielding higher netbacks on open...