TSX runs higher on rate cut expectations
Investing.com - UBS maintained its Buy rating and $18.00 price target on Venture Global (NYSE:VG), currently trading at $12.92 with a market capitalization of $30.3 billion, following an analyst visit to the company’s Plaquemines LNG facility. According to InvestingPro, analyst targets range from $12 to $21, with three analysts recently revising their earnings estimates upward.
The investment firm expressed positive impressions about the scale of operations and the timeline in which Venture Global produced first gas and ramped up production at the facility. The Plaquemines site began producing its first gas in December 2024 with two trains coming online.
In just eight months, Venture Global has expanded operations and is now producing gas from 30 trains. Based on current performance, UBS believes the Plaquemines facility could operate at approximately 140% of nameplate capacity versus the company’s guidance of 120%.
Phase 1 of the Plaquemines project is expected to achieve commercial operation date by year-end 2026, specifically in October or November. Phase 2 remains on schedule to reach commercial operation by mid-2027, around May or June.
UBS noted that once the Plaquemines expansion comes online and de-bottlenecking is completed, the project could produce more than 55 million tonnes per annum (MTPA) in LNG, which represents approximately 70% of QatarEnergy LNG volumes.
In other recent news, Venture Global reported its second-quarter 2025 earnings, showcasing significant growth in revenue and operational income compared to the previous year. Despite the positive revenue growth, the company’s earnings per share (EPS) missed expectations by 70.83%. UBS upgraded Venture Global from Neutral to Buy, highlighting a stronger-than-expected volume ramp at the Plaquemines project, which exported 51 cargoes in Q2 2025. The company achieved a record of 89 total cargoes during this period.
Goldman Sachs reiterated its Buy rating with a price target of $18.00, following a virtual investor meeting that discussed positive developments, including new SPAs and favorable arbitration outcomes. Wells Fargo increased its price target for Venture Global to $14.00, maintaining an Equal Weight rating, acknowledging the company’s Q2 earnings beat. These developments reflect a mix of optimism and caution among analysts regarding Venture Global’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.