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NEW YORK - Venture Global Inc . (NYSE:VG) reported mixed first quarter results and updated its full-year 2025 guidance on Tuesday. The liquefied natural gas (LNG) company posted earnings that missed estimates but revenue that more than doubled year-over-year.
Venture Global’s stock was unchanged in pre-market trading following the earnings release.
Venture Global reported Q1 adjusted earnings per share of $0.15, falling short of analyst expectations of $0.47. However, revenue surged 105% YoY to $2.9 billion, driven by higher LNG sales volumes and prices.
"Venture Global had a strong first quarter in terms of both project execution and financial performance, nearly doubling our quarterly revenue year-over-year," said CEO Mike Sabel.
The company exported a record 234 TBtu of LNG in Q1, up 93% from Q4 2024. Eighteen liquefaction trains at its Plaquemines Project demonstrated production levels of approximately 140% of nameplate capacity.
For full-year 2025, Venture Global updated its Consolidated Adjusted EBITDA guidance to $6.4 billion - $6.8 billion. The company now expects to export 145-150 cargos from its Calcasieu Project and 222-239 cargos from the Plaquemines Project this year.
The company continues to expand its LNG production and export capabilities to meet growing global demand for natural gas.
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