Venture Global Q3 revenue $3.3B (+260% YoY), net income $429M, Adj. EBITDA $1.5B

Venture Global, Inc.

2025-Q3 EPS reported $0.45 vs consensus $0.24 ▲ beat (+86.0%)

Revenue $3.3B (+260% YoY), income from operations $1.3B (+598%), net income $429M (vs loss in Q3 2024).
Consolidated Adjusted EBITDA $1.5B (+439%); exported 100 cargoes (372 TBtu), up 237% YoY.
Signed two new 20-year SPAs: 1.0 MTPA with Naturgy (Spain) and 0.5 MTPA with Atlantic-SEE (Greece).
CP2 Project received DOE non-FTA export authorization; reached FID on Phase 1 with $15.1B project financing.
2025 Adj. EBITDA guidance tightened to $6.35B–$6.50B from $6.40B–$6.80B; 382–386 cargoes expected.

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