Venture Global (VG) Company Report

Venture Global reported a third-quarter profit of $429 million, reversing a loss from the prior year, driven by a 259.6% surge in revenue to $3.33 billion.
Despite the strong revenue growth, the company revised its full-year adjusted EBITDA guidance downward and its GAAP EPS of $0.16 missed analyst expectations of $0.23.
Financial indicators reveal potential risks, including a low Altman Z-Score, insider selling, and a high debt-to-equity ratio of 5.79, suggesting substantial leverage.
Shares of Venture Global rose over 6% in premarket trading following the earnings announcement, though the stock remains down more than 60% since its public offering in January 2025.

Nov 10, 2025, 11:51 AM

Venture Global Faces Over $1 Billion Damages Claim in BP Arbitration

Legal Proceedings

Profit Warning

Venture Global Calcasieu Pass, LLC (VGCP) resolved an arbitration proceeding with a post-Commercial Operation Date (COD) Sales and Purchase Agreement (SPA) customer, which has no material impact on the company.
On October 8, 2025, a partial final award was issued in arbitration proceedings between VGCP and BP Gas Marketing Limited (BP), finding that VGCP breached its obligations regarding the Calcasieu Project.
BP is seeking damages in excess of $1.0 billion, plus interest, costs, and attorneys' fees, with remedies to be determined in a separate damages hearing anticipated in 2026.
The company does not anticipate the final award will be subject to the seller aggregate liability cap in the SPA.

Oct 9, 2025, 8:35 PM

Venture Global Discloses Q3 2025 LNG Export Performance

Earnings

For the quarter ended September 30, 2025, Venture Global, Inc. exported a total of 100 LNG cargos amounting to 371.8 TBtu from all facilities, achieving a weighted average fixed liquefaction fee of $5.07/MMBtu.
The Calcasieu Pass facility contributed 36 cargos and 133.0 TBtu at a weighted average fixed liquefaction fee of $1.97/MMBtu.
The Plaquemines LNG facility exported 64 cargos and 238.8 TBtu, realizing a weighted average fixed liquefaction fee of $6.79/MMBtu.
The company noted that two Delivered Ex-Ship (DES) cargos from Plaquemines LNG will be recognized in the subsequent quarter, and 2.88 TBtu from a partially loaded cargo at Plaquemines was recognized in the current quarter.
Full financial results, including net income and cash flow, are expected to be announced with the complete third-quarter earnings report.

Oct 6, 2025, 8:06 PM

Venture Global's Joint Venture Secures $1.55 Billion in Senior Secured Credit Facilities

Debt Issuance

New Projects/Investments

On September 29, 2025, Venture Global, Inc.'s joint venture, Blackfin Pipeline, LLC, secured up to $1.550 billion in senior secured credit facilities.
These facilities comprise a $1.050 billion term loan, a $425 million delayed draw construction loan, and a $75 million revolving facility.
The funds are designated for the development, construction, and maintenance of an approximately 3.3 Bcf/d natural gas pipeline system in Texas.
The term loan facility matures on September 29, 2032, and the delayed draw and revolving facilities mature on September 29, 2030.

Sep 29, 2025, 8:05 PM

Earnings Transcripts

Quarterly earnings call transcripts for Venture Global.

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