earnings
confidence high
sentiment negative
materiality 0.75
Venture Global provides Q4 operational update, cuts FY2025 EBITDA guidance to $6.18B-$6.24B
Venture Global, Inc.
2025-FY EPS
reported $0.86
vs consensus $0.37
▲ beat
(+133.3%)
- Exported 128 LNG cargos in Q4 2025; total sales 478.3 TBtu at implied fee of $5.15/MMBtu.
- Calcasieu Pass: 38 cargos, 140.1 TBtu, $2.01/MMBtu; Plaquemines: 90 cargos, 338.2 TBtu, $6.02/MMBtu.
- Full-year 2025 Consolidated Adjusted EBITDA guidance reduced and tightened to $6.180B-$6.240B.
- Shipping constraints impacted Q4 volumes and pricing; forward pricing for Feb-Mar 2026 improved from year-end.
- One DES cargo from Plaquemines exported in Q4 will be recognized in following quarter.