and XXXX results. Justin. for through morning you go to you joining and current today Good outlook XXXX our everyone thank for us Thank
Account our me John Scott Joining is today Merkle, our Chief and Officer. Officer; Operating Chief Bishop,
which that the last progress XXXX have You'll each in and hear for morning. walk significant decade was the the the business aspect through about are made coming we presentation X, as themes in past seen drivers strategy our released our supplemental November. of we circle well slide on both These the on as as quarter's shown Day call quarter shown key of at our this in have you Investor
much higher end the Today I'll after XXXX. have start with guidance conviction we our increased order which quarter and XXXX record backlog to for
LNG are in As business particular what the opportunities and that base a provide not guidance big around we outlook. additional on base reminder, color in the our focus exist
billion of from billion orders and $X.XXX billion. increase four to $X.XXX revenue the of driven revenue of is prior the to segments. outlook XXXX compared revenue is three quarter to related billion shifts $X.XX The to timing fourth the $X.XX Our outlook
of Calcasieu revised quarter. and inclusive Pass prior million our Both revenue related outlook E&C were We of have are guys $XXX revenue. not FinFans from the
$X.XX on full the adjusted XX.X increase weighted shares share to This XX.X weighted was per prior $X.XX approximately outstanding. million share per be outlook of an $X.XX earnings year outstanding. expect million diluted per to which approximately on average share, is in our from shares We to range of $X.XX average
Our is improvement our rate at This the is XX%. the XXXX XX% tax strategic prior XXXX. of from tax fourth completed rate efforts driven to assumed an planning of by tax quarter outlook in
of million productivity range million Our two activities, $XX.X million. our between maintenance capital million and and consistent $XX our of expenditure and line in outlook of capacity related including remains source the CapEx to expansion completion Italy, strategic LNG is $XX LTAs. inclusive and sole million with This actual between XXXX $XX million, CapEx our our $XX vehicle with tank $X of customers supporting
million is Our related free flow million $XXX cash to free $XX inclusive $XXX outlook to Pass. cash of of approximately flow million Calcasieu
quarter the Typically, October indicated we and As quarter and of true lowest we is year we first from the from only November, to but for in in be the year first traditional year, below revenue from will that which XXXX seasonality of the quarter XXXX. explain both We the outlook the hold half will XXXX negative weighted today. second of fourth anticipate or of is also quarter not at earnings. coronavirus, our expect will our the the impacts within slightly XXXX the and
revenue third be will Pass quarter. the fourth Calcasieu and primarily recognition Additionally, in
to FID guidance, We've there in but known timing of include have side sight ahead on in the big do chosen yet specifically booking As opportunities to we as you confidence right-hand the to can this them page, far that LNG high of additional XXXX. have year. is direct we are see the line them not not moving in
also about today. hear You'll these
cost Our increased quarter that cost that December XXXX fourth combined quarter confidence of XX, a increased recent Specific we included: million activities in XXXX. is a XXXX fourth activities acquisitions. noisy from expansion footprint; our of as our synergies over structure; expected global and of actions to result busy continued very guidance bottom completed The line with optimization have our XXXX return to the in margin XXXX. and $XX are of
stations demand Cryogenic the Necessary D&S unemployment ramping of of expected East resources U.S. of preparation for record LNG availability and in contributor. deliveries in low backlog of projects big LNG about trailers the you Many with resources our given ramp particular have to for fueling big the our is E&C another for asked -- to rates.
the heads our opportunity skilled opportunity and Crosse. quarter in La demand. bring timing in that box at cold added New exact XX heads in took XX in additional with ahead the of the Brazed advantage and Chart We had facility members La of and in XX QX the to in former facility back the of of fourth Iberia team Heat full increases Iberia Aluminum Crosse at XX year XXXX Exchanger New We Louisiana,
XXXX it track. burden this keep fourth While the delivery on cost schedule our quarter,
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design year, million and was orders driven were activity multiple record customer $XXX a had Specifically, month in multiple fourth levels. the last backlog the to recognized record less numerous and over rare even different the that of by in we receipt a than while our in of when XXXX orders year. the the reducing XXXX quarter in tank records orders rare we in book able a be have ship vehicle of the order It's leader-sized most orders increases LNG quarter in to a in which changing key record revenue resulting and expected And guidance. exceptional impactful tank
QX We of in both have XXXX. this situation the year full and
notable million $XXX quarter orders was growth in or it of XX%-plus segments. Fourth over of three that a by Moving was driven most quarter XX% XXXX. to the our four third Perhaps increase slide X. of
received. with significant no big XX% a noteworthy LNG Also So E&C increase of wide orders reach is strength. sequential Cryo's
XXXX. D&S West in end with full over the shortly. quarter of highest fourth the XX% XX% significant fourth to orders a which history organic record variety to order year of the XXXX And contributions orders the business a we'll of for full you of with contributed were markets, from speak billion, increase and the $X.XXX year a us increase year quarter
cryogenic We also water treatment had in India. in hydrogen, fueling LNG for lasers, orders and trailers, record well as stations, year full equipment our cannabis as
Chart reach. part that full geographic concluded Our family, expanded VRV first XXXX its acquisition, the which as year in of
$XX.X XXXX December the $X.X of alone. in orders million had million we synergy-related Specifically, in with month of
on As each, segment, we on in away. $X In the one fourth three I we million balance record in this quarter. versus the XX our or a range orders so two And quarter than of orders us multiple greater orders. $X booked this big million prior broad-based XX in greater those, quarter's blew took each, another occasions, quarter, Of consistent for nice each numerous waiting were fourth said than record it orders love and growth.
orders these coming are where So from?
and areas specialty with markets the XXXX of will markets. above-market order in clean cannabis hydrogen years infrastructure global our the in business grown side slide, to driving build-out energy with slide in two and that right-hand of are coming X. Moving Starting water growth has the so continue the in our lasers, considerably The to record do are specialty treatment. levels
a product have revenues very and year breakthrough these possible could over-the-road and above expect both both is We in categories to that in hydrogen. trucking we XX% XXXX increase orders and in
indicated capacity capacity expansion This million production by up, this movement For be revenue few in long-term the over-the-road than increasing in needing cleaner in weeks of over of they will in $XXX tank just trucking, agreements well-timed tank driven is Once our the project Europe. the XXXX expedite our double which this throughput newest XXXX model, more vehicle year. will and than will quarter of ago a tanks change is a LNG second to the source sole by year. included our customers in options part as to on to late considerably outlook. quarter is driven the Part our occurred what more fuel fourth is European be ramped have that
I will momentarily. let first, in speak investment continued But markets. hydrogen our discuss to these activity increasing specialty me the applications and
development for months. who working We teams confidential and are products product new new in engineering coming in specialty multiple customers the the on have pilot market applications for dedicated XX production release R&D with programs. Seven are pipeline
newly of applications markets aspect already is will currently is markets. engineering to resources our dedicated And have described and as biogas, customer specialty capture, plant carbon commercial people, would comprised well market underway botanicals to ones including second as my of in LNG. our be further currently created commercial me. liquefied XX storage expanded we including meats new including the scale other This investment team significantly such which programs correct team The as opportunities micro penetrate as team based and or exploring renewable pilot
will its Working base specialty markets East on the focus leaders, team existing the West. also taking emerging with D&S our from to in
hope double-digit market this our growth additional products, turn to With fifth in the into in expected opportunities segment have the with XXXX. existing XXXX we and
the or changing is ranges or and big by transportation Our which to landscape. energy needed LNG energy global terminals accommodate to second the station growth the clean road buildout, driver LNG above-market whether small-scale infrastructure from rail to bunkering to fueling ship
fueling end XXXX AG&P, continue This we stations to in our in five MOU since the demand where XX stations with XXXX. including related infrastructure of compared increasing to steady fueling have to India LNG single-digit had contribute XX begun in trend to build-out ordered high new of December. record at a we be the with stations. in stations orders Under is XXXX
our year nearly with trailers is over XX% XXXX record of Additionally, increase a XXXX. consecutive orders second for
note activity, XX on now XX At the in fourth quarter to export being we XXXX, different quarter build-out the infrastructure infrastructure our of XXXX, that China facility we into sold of highest sold truly for since and quarter At the we work China XX third into XXXX. bidding in end countries. important increase order mainly are in also the end countries It's global. seeing is this is an of order the with Even countries.
one a order a of that FID. await not Coast LNG This already big consider projects. in December the Gulf the have project is yet step we meaningful release our quarter. in as on it one received fourth wasn't for million booked We U.S. meaningful, this we an we as only Finally, $X.X engineering key order
release strength the broad-based in order slide also one the impact a understand saw engineering flip LNG from So to record our to only the do we on of on order projects, Not X receive we XXXX big businesses. the quarter.
a separation system the starting on these the $XX our side A $XX gas left-hand a products. Canada. rail million of first of our order order supply on rail in significant for PDH which is in booked a in few last for million received a quick to Mexico customer year comment by the We for of week LNG We the cryogenic order locomotive by page.
was in facility in key China order crystalizer December, team million VRV Caribbean the bottles. $XX and LNG In stations over awarded and to provide $X LNG synthetic-style booked applications our million small-scale plant of equipment million vessels Europe. like a with for order a fiber E&C XX a We in for $X customer a Daxie for fueling the polymers for
An million chips off December is in with haven't more application. received with $X stations fueling for computer related we this orders in Our hydrogen paying and a previously for that India. we is about MoU order for spoken AG&P application
collaborate Space in million fourth Research order continue received which in with supporting $X.X Indian approach. quarter, we a the Make to for India Modi's Organization We the
the December for upstream second mid $X.X And coolers and up slowing order for finally, picked half receipt XXXX, including order the in markets the end of one air while million. activity began of
thought we to As of revenue year, the outlook our XXXX. be we the upstream for customers October QX in to order Fin-Fans end activities we possible took low would we through indicating the a in mid mode that wait-and-see XXXX down indicated what relating were and
maintaining segment the past at off Air this having a through highest is we order in orders prior are month XXXX to Fin-Fans time. for outlook our year, while in their with January this stronger-than-anticipated And X-Changers
Also million trailer million in stations Jacksonville Eagle's we January which the customer LNG refinery dollar includes small-scale fueling $X.X and terminal order, a our received X new IPSMR technology, from a orders. for IOCL multiple LOI process
slide X. to Moving
quarter of projects of such backlog All even of where had XXXX. comparing hundreds backlog. in fourth record when the time backlog, with as to of our fourth LNG-related contributed we This we of $XXX increase LNG Wheatstone from the had millions the same backlog an activity years XX% of million record big China is quarter as at
In our backlog our our particular portion. help achieve customers the targets that will multiple orders sustainability ESG their in
are three do directors our a our being on for out our Perhaps with we reduction of scorecard. in eight Investor of with diverse nearly Day targets. board you workforce ESG sustainability internal at focused to XX% we our shared our November, members As biggest what we carbon though customers contribution and ESG new is female
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for around fuel see statistics while emissions have that cleanliness some accounts hydrogen COX including can the emissions. the vehicles of tailpipe zero of of global transportation cell You XX%
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move see heard demand the order energy but above-market customer backlog won't cleaner worth the ESG walk strong driven I each drivers future. the and these support, for to updating. markets you've broad-based by of addition tailwinds and overall growth market In our macro two we as continued our global in through activity, through you a
The increasing specifically not and it's in the IMO the the regulation And XXXX pick impact is do effect clear to the which marine's X, activity January as any IMO from into XXXX we year LNG regulatory seen have believe fuel. guide, while up date not we went that our direct for first, orders a demand we will a have marine as progresses.
upon X orders of be in A over fourth will We XXXX the to year CLNG resources ago build marine-specific $XX believe marine-related million second build we in XXXX. to we half made platform quarter. in growth of the investments as joining a decade, in and into next as booked expect that what well the
at increasing even no is With level. the by Germany reduction emissions as announcing list extensive. and country XXXX XXXX; cetera, power increasing XXXX; as expanding The role sources, global of of second alternative well the driver the zero our XX cetera. the renewables reflective nearly XXXX coal on plants will focus at Spain stop moves et X%. as country-specific This coal unchanged and net government they determining This economy carbon that cleaner burning et energy gigatons energies. in toward Scotland world by expanded by electricity to for In targeting were is emissions by the focus
they're permit distribution to highway a stations along let's about licenses be just with city today, the planning indicated and About LNG X,XXX talk kilometer fold LNG will India, highways. fueling up regulations XXX quadrilateral cover those gas recently set which to that of their that stations stations. in needed only For network fueling
IOCL. also one signed IOCL stations, LNG the India as is to MoU the with of trucks. they're developers XX,XXX plan who these In includes with and companies getting in an such working addition ExxonMobil LNG, October
As a LNG-oriented MoU as IOCL. reminder, we have also an
So with and as we ExxonMobil closely built. to to them, continues expect be work infrastructure others the
backlog. touch the and have forecasted our $XX equipment revenue on alone would LNG project slide In just Caribbean on already LNG-related if XXXX. have let's in by quarter to XXXX XX, multiple $X small-scale Jacksonville LNG. built the early small-scale small-scale Eagle revenue. achieve our LNG-related million guidance, occurs FID of in second Therefore, Before LNG million big orders award in we quickly we get small-scale We
Big to the projects as the project trigger us. A middle for guidance. LNG Exchangers high on we underway boxes is well on our We're XXXX, in $XXX the included have column XXXX for Calcasieu production the XX. additional would which the updates potential shown that on Global's confidence FID upside orders booking Venture revenue and of associated quick Brazed in Heat expect associated million of coal with page Pass ones in of few and
order, ton indications their that no three the their to continues Tellurian per Driftwood coming will four the India million million the progress to annum Recent In during remaining will that tons Trump their the weeks, indicates toward of particular of XX.X followed make the Tellurian in needed in phase Petronet facilities visit. first consistent news arrangements. FID, Modi coming complete months, credit agreement by plants be complete and completion their President
Tellurian the given the Gentle, is at thing Tellurian words of addition secured, characterize in best this In of Driftwood having already approved to CEO is proceed month. in notice moving confidence is made to XXXX mid-December, the just end financing. Perhaps preparation all the decision site has ahead the Meg herself notice remaining only project. to The permits work. level and way go with in incremental FID to the with last Driftwood our in that FERC forward
proceed of in FID Cheniere's Stages per notice project exchangers. we train $XXX the Corpus project total a and in Stage air-cooled leveraging their approval with three seven annum FERC total order million ton and is X, heat size trains in received XXXX. to XXXX November Christi With expect inclusive over to expansion to XX seven and one two, Stage for just a of infrastructure receive on of expected million, in shared
approved Just this the Stage Monday, Cheniere three DOE non-FDA authorizations. past export
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fueling earnings Shell so the are in bet to the their they are global U.S. such on gas a call stations. others the prices investing in with making as During LNG terminals pipelines ExxonMobil for low and tell and massive and infrastructure long-term
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Our three on ahead reliant move Petronet. expected in completion by that are expected big LNG China evidenced solely their XXXX projects offtake agreement as are not with to Tellurian's of
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do Speaking manufacturing the we in of country. three China, have facilities
situation an coronavirus provide each on of me let update for So the those.
be Our the quarter. beginning Chengdu XX. last to facility, We one gradual is aluminum February to which return which to by production production produces was lost week first of the released within tanks, expected CryoBio recouped Monday, government
the being facility Changshu midstream other consolidation facilities on of second of facility, process XXXX. is to the as will in Our their February close well. consolidated into early which This quarter XX fans and returned on is in work
February to beginning facility in received XX. on for approval government applied reopening and requirements is for February China main Changzhou. the tomorrow, in X reopen partially Our Management
for of forecasted the incorporated of be on to further or to has government current earnings delays negatively quarter revenue. our first share that impact with our slightly quarter is we which will per have into XXXX situation quarter below barring This adjusted approved fourth no guidance to revenue million and certain is of first expected at the XXXX. workforce $XX.X The return restrictions. our results The XX% work Friday
Virology. we a in continued with Even past the the Institute toward week, China the are situation, research storage improve geographical to of structures. of cryobiological and supporting cost donated efforts tanks Wuhan for We transport margin And have the coronavirus virus. we cure and this other to
it XX. hand and gears on switch to now slide acquisition I'll to activity discuss over J.B. integration margin and expansions these
