Venture Global FY 2025 revenue $13.8B (+177% YoY); guides FY 2026 Adj. EBITDA $5.2-5.8B

Venture Global, Inc.

Revenue $13.8B (+177% YoY), net income $2.3B (+53%), Adj. EBITDA $6.3B (+198%) for FY 2025.
Exported 380 cargos in FY 2025 (up 170%); Q4 cargos 128 (up 288% YoY).
Signed new SPAs: Hanwha (1.5 MTPA/20yr) and Trafigura (0.5 MTPA/5yr); total new contracts ~9.75 MTPA.
FY 2026 Adj. EBITDA guidance $5.2-5.8B, with Q1 $1.15-1.25B due to Winter Storm Fern and margin compression.
Plaquemines Phase I COD still targeted Q4 2026; CP2 Phase I on track for late 2027.

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