Venture Global (VG)
Builds modular U.S. LNG export projects and delivers cargoes to international buyers.
$13.69
vs last close+0.78 (+6.04%)
In millions of USD, except per-share figures
| In millions | Q4 FY23Sep 2023 | Q3 FY23Sep 2023 | Q2 FY24Mar 2024 | Q1 FY24Mar 2024 | Q4 FY24Sep 2024 | Q3 FY24Sep 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,054 | 1,054 | 1,414 | 1,414 | 926 | 926 | 2,894 | 3,101 | 3,329 | 4,445 | 4,599 | 4,578 |
| Cost of revenue | 419 | 419 | 435 | 435 | 272 | 272 | 1,275 | 1,686 | 1,606 | 2,294 | 2,990 | 1,953 |
| Gross profit | 635 | 635 | 979 | 979 | 654 | 654 | 1,619 | 1,415 | 1,723 | 2,151 | 1,609 | 2,625 |
| 326 | 326 | 362 | 362 | 465 | 465 | 539 | 377 | 403 | 433 | 416 | 465 | |
| Research & development | 142 | 142 | 181 | 181 | 156 | 156 | 182 | 57 | 53 | 52 | 49 | 0 |
| 58 | 58 | 72 | 72 | 77 | 77 | 105 | 103 | 105 | 120 | 97 | 112 | |
| General & administrative | 58 | 58 | 72 | 72 | 77 | 77 | 105 | 103 | 105 | 120 | 0 | 112 |
| Other expenses | 126 | 126 | 109 | 109 | 232 | 232 | 252 | 217 | 245 | 261 | 270 | 353 |
| Operating income | 309 | 309 | 617 | 617 | 189 | 189 | 1,080 | 1,038 | 1,320 | 1,718 | 1,193 | 2,160 |
| 675 | 675 | 256 | 256 | −561 | −561 | −412 | −447 | −683 | −251 | −457 | −407 | |
| Interest income | 44 | 44 | 73 | 73 | 53 | 53 | 56 | 38 | 27 | 30 | 28 | 26 |
| Interest expense | 154 | 154 | 186 | 186 | 128 | 128 | 276 | 310 | 421 | 447 | 444 | 489 |
| Other non-operating income | −829 | −829 | −442 | −442 | 433 | 433 | 136 | 137 | 262 | −196 | 0 | 0 |
| Income before tax | 984 | 984 | 873 | 873 | −372 | −372 | 668 | 591 | 637 | 1,467 | 736 | 1,753 |
| Income tax expense | 203 | 203 | 175 | 175 | −78 | −78 | 151 | 116 | 87 | 276 | 111 | 336 |
| Net income from continuing operations | 781 | 781 | 698 | 698 | −294 | −294 | 517 | 475 | 550 | 1,191 | 625 | 1,417 |
| Other adjustments | −32 | −32 | −35 | −35 | −37 | −37 | −38 | −39 | −44 | −46 | 0 | 0 |
| Net income | 617 | 617 | 648 | 648 | −346 | −346 | 464 | 435 | 496 | 1,135 | 598 | 1,419 |
| EPS, basic | $0.26 | $0.26 | $0.28 | $0.28 | −$0.14 | −$0.14 | $0.16 | $0.15 | $0.18 | $0.44 | $0.20 | $0.54 |
| EPS, diluted | $0.24 | $0.24 | $0.25 | $0.25 | −$0.14 | −$0.14 | $0.15 | $0.14 | $0.16 | $0.41 | $0.20 | $0.51 |
| Weighted average shares, basic | 2,350 | 2,350 | 2,350 | 2,350 | 2,420 | 2,420 | 2,399 | 2,423 | 2,433 | 2,451 | 2,483 | 2,489 |
| Weighted average shares, diluted | 2,577 | 2,577 | 2,577 | 2,577 | 2,420 | 2,420 | 2,643 | 2,635 | 2,641 | 2,624 | 2,483 | 2,643 |
| EBITDA | 1,207 | 1,207 | 1,129 | 1,129 | −155 | −155 | 1,160 | 1,168 | 1,276 | 2,154 | 1,444 | 2,420 |
| Depreciation & amortization | 69 | 69 | 70 | 70 | 89 | 89 | 216 | 267 | 218 | 240 | 251 | 260 |
| EBIT | 1,138 | 1,138 | 1,059 | 1,059 | −244 | −244 | 944 | 901 | 1,058 | 1,914 | 1,193 | 2,160 |
