Venture Global beats Q1 estimates as LNG sales volumes, record cargo exports, and higher EBITDA guidance support growth.
Stock Earnings Results
May 12, 2026
Table of Contents
May 12, 2026
Venture Global, Inc. (NYSE: VG) reported first-quarter 2026 results above expectations, supported by higher LNG sales volumes, record cargo exports, stronger revenue, and a major increase to full-year EBITDA guidance.
Venture Global is a U.S. liquefied natural gas company that develops, constructs, and operates LNG export facilities, supplying natural gas to global customers through long-term and shorter-term contracts.
The company reported EPS of $0.19, above estimates of $0.13, representing a 46.2% earnings surprise. Revenue came in at $4.60 billion, above estimates of $4.17 billion, with revenue growth of 58.9%.
Venture Global generated $4.6 billion in revenue, up 59% from the prior-year quarter.
The company exported 130 cargos and sold 481 TBtu of LNG, setting a new quarterly record. That was an increase of 67 cargos and 253 TBtu sold from Q1 2025, or 111% growth in LNG volumes.
The biggest forward-looking signal was the company’s updated EBITDA guidance.
Venture Global raised its 2026 consolidated adjusted EBITDA outlook to $8.2 billion to $8.5 billion, up from its prior range of $5.2 billion to $5.8 billion. The company said the new outlook assumes a weighted average liquefaction fee of $9.50 to $10.50 per MMBtu for remaining unsold cargos.
Venture Global also tightened and raised the midpoint of its expected 2026 cargo range to 494 to 523 cargos, compared with the previous range of 486 to 527.
The company said it had contracted additional cargos, bringing total sold volumes to 84% of available cargos for 2026 at a weighted average liquefaction fee of $4.51 per MMBtu.
Venture Global announced the final investment decision for CP2 Phase II and closed $8.6 billion in project financing for that phase.
That brings total CP2 financing to $20.7 billion. The company said construction at CP2 is progressing, with first LNG still expected in the second half of 2027.
The company reaffirmed its target for Plaquemines Project Phase I commercial operations in Q4 2026 and Phase II commercial operations in mid-2027.
For CP2, Venture Global said construction remains on track, with 12 of 36 liquefaction trains already on foundations and two LNG storage tank roofs raised.
Investors are likely to watch whether Venture Global can convert strong LNG demand into sustained EBITDA growth while executing major construction milestones.
The key areas are:
Venture Global’s quarter shows how LNG exporters can benefit from global energy volatility and strong demand for U.S. supply.
The revenue beat was strong, but the larger catalyst was the sharp increase in EBITDA guidance and continued progress on CP2 and Plaquemines. The stock reaction will likely depend on whether investors believe the company can execute project timelines while maintaining pricing strength and cargo momentum.
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