Venture Global Raises 2026 Profit Outlook Again on Strong LNG Demand
VG has more than doubled off its 52-week low of $5.72.
Summary
Venture Global lifted its 2026 adjusted core profit forecast for the second straight quarter, now expecting $8.7B-$9.1B, up from $8.2B-$8.5B. The raise is driven by higher assumed liquefaction fees for unsold cargoes—now $12.50-$13.50/MMBtu versus $9.50-$10.50—and increased export volumes from both Calcasieu and Plaquemines. Q2 adjusted core profit came in at $2.49B, just shy of the $2.50B consensus, while net income more than tripled to $1.35B on higher LNG sales. This follows the Q2 operational rebound reported in July and the recent $2.25B debt refinancing, underscoring strong cash generation. The expanded supply deals with EnBW and Atlanti-SEE LNG further cement European market access amid tight global supply. The ongoing BP arbitration seeking up to $6B remains a key risk, but near-term earnings momentum is undeniable. The company filed an 8-K regarding operations and financial condition.
Updates
· SEC 8-K — Q2 revenue was $4.6B, up 48% YoY; net income $1.3B; adjusted EBITDA $2.5B. Exported 127 cargos, sold 466.4 TBtu. Declared $0.04/share dividend payable Sept 30.
At the time of this announcement, VG was trading at $13.63 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $35.4B. The 52-week trading range was $5.72 to $17.62. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.