Earnings ·
Venture Global reports Q3 net income of $2.5B and raises full-year EBITDA guidance to $10.0-$10.3B
VGVenture Global, Inc.
Venture Global reported third-quarter revenue of $4.8 billion, up 43% year-over-year, driven by higher LNG sales volumes from the Plaquemines Project commissioning progress and increased liquefaction fees. Net income attributable to common stockholders reached $2.5 billion, a significant increase from $429 million in the prior-year period, while Consolidated Adjusted EBITDA rose 69% to $2.6 billion. The company raised its full-year 2026 Consolidated Adjusted EBITDA guidance midpoint to $10.15 billion from $8.9 billion and tightened its expected cargo export range for the year to 509-518 cargos. Additionally, Venture Global commenced commercial operations at Plaquemines Phase 1 in late October and declared a quarterly cash dividend of $0.04 per share. The company operates as a major U.S. producer and exporter of liquefied natural gas (LNG).