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Venture Global Inc
NYSE:VG

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Venture Global Inc
NYSE:VG
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Price: 16.64 USD 6.12%
Market Cap: $40.7B

Venture Global Inc
Investor Relations

Venture Global Inc is a US-based company operating in Oil, Gas & Consumable Fuels industry. The company is headquartered in Arlington, Virginia and currently employs 1,400 full-time employees. The company went IPO on 2025-01-24. Venture Global, Inc. is a provider of United States liquefied natural gas (LNG) sourced from North American natural gas basins. The firm's business includes assets across the LNG supply chain including LNG production, shipping and regasification. The firm is engaged in commissioning, constructing, and developing five natural gas liquefaction and export projects near the Gulf of Mexico in Louisiana. Each project is designed or is being developed to include an LNG facility and associated pipeline systems that interconnect with several interstate and intrastate pipelines to enable the delivery of natural gas into the LNG facility. Its projects include Calcasieu Project, Plaquemines Project, CP2 Project, CP3 Project and Delta Project. Its five projects are being designed to deliver a total expected peak production capacity of approximately 143.8 mtpa, which consists of an aggregate of 104.4 mtpa expected nameplate capacity and an aggregate of 39.4 mtpa of expected excess capacity.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 2, 2026
AI Summary
Q4 2025

Operational ramp: Calcasieu Pass and Plaquemines ramped through commissioning in 2025 — Calcasieu exported 38 cargoes in Q4 and Plaquemines 90 — enabling a big volume step-up into 2026.

Financials: Q4 revenue was $4.4 billion and consolidated adjusted EBITDA was $2.0 billion; full-year 2025 revenue was $13.8 billion and EBITDA was $6.3 billion.

2026 guidance: Company expects consolidated adjusted EBITDA of $5.2 billion to $5.8 billion for 2026 and 486–527 combined cargoes from its facilities.

Contracting progress: Venture Global has >$134 billion of contracted third‑party revenue, signed 9.25 MTPA of new 20‑year SPAs since April and says ~69% of expected 2026 production capacity is contracted.

Capital plan: CP2 Phase 1 construction is on schedule/budget; management expects to fund project CapEx with project‑level construction loans and retained earnings and maintain 100% ownership (no parent equity expected).

Market view: Management expects demand to remain strong into the end of the decade, sees regasification capacity to absorb LNG as prices soften, and highlights recent geopolitical events tightening near‑term supply and shipping dynamics.

Arbitrations & reserves: A favorable arbitration outcome was received (Repsol); management estimates a $13 million per quarter non‑cash reserve reduction to Calcasieu Pass revenue for remaining arbitration exposures (20‑year duration).

Key Financials
Revenue (Q4 2025)
$4.4 billion
Revenue (Full year 2025)
$13.8 billion
Consolidated adjusted EBITDA (Q4 2025)
$2.0 billion
Consolidated adjusted EBITDA (Full year 2025)
$6.3 billion
Net income (Q4 2025)
$1.1 billion
Income from operations (Q4 2025)
$1.7 billion
Total assets
$53 billion
Total contracted third‑party revenue
$134 billion
Contracted capacity (long/intermediate term)
49 MTPA (stated base) and ~69% of expected 2026 production capacity contracted
Cargoes exported (Q4 2025)
128 cargoes (38 Calcasieu Pass; 90 Plaquemines)
2026 cargo guidance (combined)
486 to 527 cargoes
Calcasieu Pass implied weighted average liquefaction fee (Q4 2025)
$2.01 per MMBtu
Plaquemines realized weighted average liquefaction fee (Q4 2025 commissioning cargoes)
$6.02 per MMBtu
Consolidated adjusted EBITDA guidance (2026)
$5.2 billion to $5.8 billion
Q1 2026 consolidated adjusted EBITDA expectation
$1.15 billion to $1.25 billion
New 20‑year SPAs signed since April
9.25 MTPA
Plaquemines notes issued
$3 billion
Full‑year 2025 cargoes (Plaquemines)
234 cargoes in 2025
Estimated EBITDA scenarios for 2029 (company illustrative)
$11 billion at $3 per MMBtu on uncontracted volumes; $17 billion at $5 per MMBtu
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael A. Sabel
Founder, Executive Co-Chairman of the Board & CEO
No Bio Available
Mr. Robert Pender
Founder & Executive Co-Chairman of the Board
No Bio Available
Mr. Jonathan W. Thayer
Chief Financial Officer
No Bio Available
Mr. Keith D. Larson
General Counsel & Secretary
No Bio Available
Mr. Thomas Earl
Chief Commercial Officer
No Bio Available
Mr. Brian Cothran
Chief Operating Officer
No Bio Available
Ms. Sarah Blake
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Ngoni Murandu
Chief Information Officer
No Bio Available
Mr. Fory L. Musser
Senior Vice President of Development
No Bio Available
Ms. Leah Woodward
MD & Treasurer
No Bio Available

Contacts

Address
VIRGINIA
Arlington
1001 19th Street North, Suite 1500
Contacts
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