Venture Global
Builds modular U.S. LNG export projects and delivers cargoes to international buyers.
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Profile
Produces and exports U.S. liquefied natural gas through Calcasieu Pass and Plaquemines while constructing CP2. The platform spans gas transport, LNG marketing, shipping and regasification, using standardized mid-scale trains and long-term contracts to finance and operate Gulf Coast projects.
Produces and exports U.S. liquefied natural gas through Calcasieu Pass and Plaquemines, while constructing CP2. The platform also spans gas transport, LNG marketing, shipping and regasification.
Uses standardized, factory-fabricated mid-scale liquefaction trains to build Gulf Coast terminals in repeatable phases. Long-term sales agreements support project financing, while commissioning cargoes can be sold before contractual commercial operations begin. Calcasieu Pass is post-COD, Plaquemines remains in construction and commissioning, and both CP2 phases are under construction.
Connects U.S. pipeline gas to international buyers through Louisiana export sites and a mixed owned-and-chartered vessel fleet. Execution depends on completing commissioning and construction, maintaining federal export and facility authorizations, and honoring project-level debt and long-term contracts. Customer arbitration outcomes have varied by contract, and challenges to CP2 regulatory orders remained pending.
Company facts
Key statistics
Year to date +101% · Average volume (30d) 14.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Wells Fargo | Reiterate | Equal Weight | $8 | $15 | |
| Jul 22, 2026 | Mizuho Securities | Target | $13 | $15 | ||
| Jun 16, 2026 | Bernstein | Target | $14 | |||
| Jun 4, 2026 | JP Morgan | Upgrade | Neutral | Overweight | ||
| May 29, 2026 | US Capital Advisors | Target | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.48 | $0.51 | +5.3% | $4.69B | $4.58B | −2.5% | −7.29% |
| May 12, 2026Q1 FY26 | $0.13 | $0.19 | +51.5% | $3.97B | $4.60B | +15.8% | −2.03% |
| Mar 2, 2026Q4 FY25 | $0.35 | $0.41 | +18.5% | $4.44B | $4.45B | +0.1% | +0.70% |
| Nov 10, 2025Q3 FY25 | $0.23 | $0.16 | −29.6% | $3.28B | $3.33B | +1.5% | −11.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.89B | $3.10B | $3.33B | $4.45B | $4.60B | $4.58B | |
| Gross profit | $1.62B | $1.42B | $1.72B | $2.15B | $1.61B | $2.63B | |
| Operating income | $1.08B | $1.04B | $1.32B | $1.72B | $1.19B | $2.16B | |
| Net income | $464.0M | $435.0M | $496.0M | $1.14B | $598.0M | $1.42B | |
| Diluted EPS | $0.15 | $0.14 | $0.16 | $0.41 | $0.19 | $0.51 | |
| Gross margin | 55.9% | 45.6% | 51.8% | 48.4% | 35.0% | 57.3% | |
| Operating margin | 37.3% | 33.5% | 39.7% | 38.7% | 25.9% | 47.2% |
Fiscal years (4-quarter sums)FY24 $4.97B · FY25 $13.77B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $3.19B · Total debt $42.81B · Total assets $61.52B · Shareholders' equity $8.57B
Dividends
Last raised to $0.018 from $0.017 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.018 | |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.018 | raised from $0.017 |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.017 | |
| Sep 19, 2025 | Sep 19 | Sep 30 | $0.017 | raised from $0.0165 |
| Jun 10, 2025 | Jun 10 | Jun 30 | $0.0165 | |
| Mar 10, 2025 | Mar 10 | Mar 31 | $0.0165 |
Ownership
Shares outstanding 2.44B · Float 502.67M · 20.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Venture Global Partners II, LLC | 1.97B | 81.36% | 13G | May 6, 2025 |
| Pacific Investment Management Company LLC | 251.32M | 48.90% | 13G | May 15, 2026 |
| Allianz Asset Management GmbH | 172.26M | 7.05% | 13F | Aug 14, 2026 |
| Keith Larson | 32.77M | 7.27% | 13G | May 6, 2025 |
| Thomas Earl | 28.25M | 6.26% | 13G | May 6, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Fory Musser | officer: Senior VP, Development | −259,413 | $14.26 |
| Aug 19, 2026 | Fory Musser | officer: Senior VP, Development | −12,600 | $14.01 |
| Aug 19, 2026 | Jonathan W. Thayer | officer: Chief Financial Officer | −111,111 | $13.86 |
| Aug 18, 2026 | Jonathan W. Thayer | officer: Chief Financial Officer | −111,111 | $14.17 |
| Aug 17, 2026 | Fory Musser | officer: Senior VP, Development | −22,013 | $14.02 |
Peers
- Cheniere Energy
Largest direct rival in U.S. Gulf Coast LNG exports and contracting
- Woodside Energy Group (ADR)
Louisiana greenfield LNG developer with a global marketing portfolio
- Sempra
North American LNG infrastructure rival across Gulf and Pacific exports
- NextDecade
Greenfield Texas LNG developer competing for contracts and project capital
- ExxonMobil
Global LNG major participating in the new Golden Pass export platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Venture Global | $14.23 | +0.39% | $34.63B | 11.2 | 9.7 | 2.0 | +47.6% |
| Cheniere Energy | $282.89 | +0.21% | $59.16B | 21.0 | 16.3 | 2.7 | +26.3% |
| Woodside Energy Group (ADR) | $23.06 | −0.02% | $43.72B | 14.2 | — | 3.2 | +13.2% |
| Sempra | $84.31 | −0.01% | $55.12B | 24.4 | 16.1 | 4.1 | −0.1% |
| NextDecade | $7.35 | −0.00% | $1.96B | — | — | — | — |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| Median | 20.6 | 16.1 | 2.9 | +19.7% |