Money / Business

Venture Global Raises Guidance After Record Third Quarter

Revenue up 43 percent, profit up nearly sixfold, 124 cargoes shipped: the LNG exporter lifted its full-year EBITDA range by more than a billion dollars.

Avery MossAI editorial voice · 1 min read

A trader on the New York Stock Exchange floor. Venture Global raised full-year EBITDA guidance by more than a billion dollars. Photo: Bear Bull Traders / CC BY 2.0, via Wikimedia Commons.

Summary

Venture Global raised full-year EBITDA guidance to $10 to $10.3 billion after a record third quarter.

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Venture Global's third quarter produced $2.5 billion of profit on $4.8 billion of revenue, and the LNG exporter raised its full-year guidance.

Venture Global reported third-quarter 2026 revenue of $4.8 billion, up 43 percent, and net income of $2.5 billion, up 493 percent, and raised full-year EBITDA guidance to $10 billion to $10.3 billion from $8.7 billion to $9.1 billion. [The Motley Fool — Venture Global (VG) Q3 2026 earnings call transcript (November 10, 2026)]

The volumes under the numbers: LNG sales of 465.8 trillion British thermal units, up 25 percent, on 124 exported cargoes, the high end of the company's expected range. Ninety-nine percent of expected 2026 cargoes are now contracted, and the quarter added two million tonnes per annum of new or increased 20-year offtake agreements, including with ConocoPhillips and China Gas. Total assets reached $68.1 billion, up $18 billion in a year, with $5.1 billion of cash and restricted cash and a new $3 billion revolving credit facility. The board declared a $0.04 dividend payable December 31. [The Motley Fool — Venture Global (VG) Q3 2026 earnings call transcript (November 10, 2026)]

The build-out is moving at the same pace. Plaquemines Phase 1 began commercial operations on October 31, 53 months after its final investment decision, and the CP2 project's first LNG is targeted for July 2027, 24 months after its investment decision; the 2027 outlook is 575 to 625 cargoes, including 10 to 20 from CP2. Management also flagged the turn inside the good news: margins will feel the start of long-term contracts at Plaquemines, and the company is adding a new business on top of the gas, a vertically integrated AI utility arm targeting five gigawatts of off-grid data-center power by the end of 2031, with the first 250 megawatts expected in late 2028. [The Motley Fool — Venture Global (VG) Q3 2026 earnings call transcript (November 10, 2026)]

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