Financial PerformanceLNG has been a significant underperformer compared to gas-levered Midstream 'C-corps' due to lack of exposure to domestic data center demand and absence of earnings catalysts for FY24.
Market CompetitionA Republican win could increase competition of US liquefaction projects while LNG's projects would likely get built under either party.
Market PerformanceLNG has been a curious underperformer YTD as compared to gas-levered Midstream 'C-corps', attributed to a perceived lack of exposure to the domestic data center and power demand narrative.