Index Rebalance and Special Situations Coverage, Quiddity Advisors

Anjana Amarasuriya

Index Rebalance and Special Situations Coverage

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The SP Select Sector indices are a family of 11 sector-specific indices derived from the SP 500 index based on GICS (Global Industry Classification Standard) classifications.</li>
<li>Intra-Review changes from two M&amp;A deals and a spin-off could trigger Select Sector flows before the December 2026 rebalance.</li>
<li>We expect one-way flows of ~US$7bn across the Select Sector indices, which should grow as the December 2026 rebalance approaches.</li>
</ul>


The SP Select Sector indices are a family of 11 sector-specific indices derived from the SP 500 index based on GICS (Global Industry Classification Standard) classifications.
Intra-Review changes from two M&amp;A deals and a spin-off could trigger Select Sector flows before the December 2026 rebalance.
We expect one-way flows of ~US$7bn across the Select Sector indices, which should grow as the December 2026 rebalance approaches.


Quiddity Leaderboard SP Select Sector Dec26 Rebal: ~US$7bn One-Way Flow, Expected To Grow

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Cheniere Energy reported strong operational and financial performance in the second quarter of 2026 driven by increased LNG production capacity, improved operational reliability, and supportive market dynamics amid ongoing geopolitical disruptions impacting global LNG supply chains.</li><li>The company produced and exported 184 cargoes totaling 672 TBtu, representing a 20% increase compared to the same period last year.</li><li>This increase was largely attributed to the early start-up of additional trains at Corpus Christi Stage 3 and enhanced operational execution.</li></ul>

Cheniere Energy reported strong operational and financial performance in the second quarter of 2026 driven by increased LNG production capacity, improved operational reliability, and supportive market dynamics amid ongoing geopolitical disruptions impacting global LNG supply chains.The company produced and exported 184 cargoes totaling 672 TBtu, representing a 20% increase compared to the same period last year.This increase was largely attributed to the early start-up of additional trains at Corpus Christi Stage 3 and enhanced operational execution.

Cheniere Energy’s $8.4 Billion Outlook: Can Its LNG Expansion Keep Delivering?

<ul><li>Cheniere Energy’s first quarter of 2026 financial results show a continuation of strong operational performance amid significant geopolitical disruptions affecting global energy markets.</li><li>The company reported consolidated adjusted EBITDA exceeding $2.3 billion and distributable cash flow around $1.7 billion, supported by record LNG production and exports totaling 187 cargoes in the quarter.</li><li>Despite experiencing feed gas composition-related challenges in the prior year, operational reliability has improved due to engineering solutions, enabling enhanced LNG volumes.</li></ul>

Cheniere Energy’s first quarter of 2026 financial results show a continuation of strong operational performance amid significant geopolitical disruptions affecting global energy markets.The company reported consolidated adjusted EBITDA exceeding $2.3 billion and distributable cash flow around $1.7 billion, supported by record LNG production and exports totaling 187 cargoes in the quarter.Despite experiencing feed gas composition-related challenges in the prior year, operational reliability has improved due to engineering solutions, enabling enhanced LNG volumes.

Strait Of Hormuz Disruption: Is Cheniere The LNG Powerhouse Benefiting Most?

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>WTI gained 9.7% last week as Hormuz tensions drove a sharp geopolitical risk premium, while speculative positioning turned more bullish through fresh long additions and short covering.</li>
<li>Options markets moved from panic to acceptance, with IV and skew dropping as WTI held above USD 90, though put demand remained elevated for downside protection.</li>
<li>Cheniere’s contracted model continues to deliver strong growth, but the 2027 to 2028 LNG supply wave could pressure the uncontracted margins behind recent earnings beats.</li>
</ul>


WTI gained 9.7% last week as Hormuz tensions drove a sharp geopolitical risk premium, while speculative positioning turned more bullish through fresh long additions and short covering.
Options markets moved from panic to acceptance, with IV and skew dropping as WTI held above USD 90, though put demand remained elevated for downside protection.
Cheniere’s contracted model continues to deliver strong growth, but the 2027 to 2028 LNG supply wave could pressure the uncontracted margins behind recent earnings beats.


Energy Weekly (W/E 4/Sep): WTI Surges on Hormuz, Options Calm, Cheniere’s Tollbooth Holds

<ul><li>Cheniere Energy's financial performance in the fourth quarter and full year 2025 underlines both achievements and challenges.</li><li>The company reported robust numbers with consolidated adjusted EBITDA reaching approximately $6.94 billion, which topped the high end of guidance, indicating successful operational execution.</li><li>This was supported by LNG production reaching new heights, achieving over 46 million tonnes across 670 cargoes for the year.</li></ul>

Cheniere Energy's financial performance in the fourth quarter and full year 2025 underlines both achievements and challenges.The company reported robust numbers with consolidated adjusted EBITDA reaching approximately $6.94 billion, which topped the high end of guidance, indicating successful operational execution.This was supported by LNG production reaching new heights, achieving over 46 million tonnes across 670 cargoes for the year.

Cheniere Energy Is Riding a Global LNG Demand Surge — Is Asia the Game-Changing Opportunity Ahead?

United States

Cheniere Energy, Inc. is an energy company focused on LNG-related businesses. The Company owns and operates liquefied natural gas (LNG) receiving terminals and liquefied natural gas (LNG) pipelines. Cheniere Energy manages and operates projects in Louisiana and Texas.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Cheniere Energy (LNG US)

Quiddity Leaderboard SP Select Sector Dec26 Rebal: ~US$7bn One-Way Flow, Expected To Grow

Intra-review changes from two M&A deals and a spin-off could trigger early flows in the Select Sector indices, while the December rebalance one-way...

Anjana Amarasuriya

Cheniere Energy’s $8.4 Billion Outlook: Can Its LNG Expansion Keep Delivering?

Cheniere Energy reported strong operational and financial performance in the second quarter of 2026 driven by increased LNG production capacity,...

Baptista Research

Strait Of Hormuz Disruption: Is Cheniere The LNG Powerhouse Benefiting Most?

Cheniere Energy’s first quarter of 2026 financial results show a continuation of strong operational performance amid significant geopolitical...

Baptista Research

Energy Weekly (W/E 4/Sep): WTI Surges on Hormuz, Options Calm, Cheniere’s Tollbooth Holds

WTI’s Hormuz driven rally strengthened bullish positioning, while Cheniere continues to expand contracted LNG capacity ahead of a potentially...

Mint Finance

Cheniere Energy Is Riding a Global LNG Demand Surge — Is Asia the Game-Changing Opportunity Ahead?

Cheniere Energy's financial performance in the fourth quarter and full year 2025 underlines both achievements and challenges. The company reported...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)