secwatch.observer — SEC 8-K summary
======================================

Issuer:     Venture Global, Inc. (VG)
CIK:        0002007855
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0002007855-26-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2007855/000200785526000015/0002007855-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2007855/000200785526000015/vg-20260302.htm
  HTML page:      https://secwatch.observer/filing/0002007855-26-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer