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NEW YORK -Venture Global Inc (NYSE:VG) reported better-than-expected fourth quarter results and provided an upbeat outlook for 2025 on Thursday.
The company’s shares were up 3.34% in premarket trading following the release.
The liquefied natural gas (LNG) company posted adjusted earnings per share of $0.33 for Q4, beating analyst estimates. Revenue came in at $1.5 billion, down 7% YoY but in line with expectations.
For the full year 2024, Venture Global generated revenue of $5.0 billion and net income of $1.5 billion. The company exported 141 LNG cargoes totaling 508 trillion British thermal units (TBtu) in 2024.
Looking ahead, Venture Global provided strong guidance for 2025, projecting consolidated adjusted EBITDA between $6.8 billion and $7.4 billion. The company expects to export 140-148 cargoes from its Calcasieu Pass facility and 219-239 cargoes from the Plaquemines project.
"We have achieved strong results as we continued to reach important milestones across our projects," said Venture Global CEO Mike Sabel. He noted the company brought "much needed incremental LNG capacity to the market" in 2024, with the majority going to European allies.
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