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ARLINGTON, Va. - On Monday, Venture Global Inc. (NYSE:VG) reported explosive revenue growth in the third quarter, with sales reaching $3.3 billion, a 260% increase from the same period last year, driven by record LNG exports.
The company’s shares surged 10.76% in pre-market trading after the announcement.
The LNG producer exported 100 cargos totaling 372 TBtu of liquefied natural gas during the quarter, marking a new company record and representing a 237% increase from Q3 2024. This operational success translated to income from operations of $1.3 billion, up 598% year-over-year, and net income of $429 million, compared to a loss in the prior-year period.
"The Venture Global team continues to excel operationally, as evidenced by the significant accomplishments we achieved this quarter, including the 100 cargos we exported in Q3, our elevated financial performance year-over-year and successful capital transactions," said Venture Global CEO Mike Sabel.
Despite the strong quarterly performance, the company slightly reduced its full-year 2025 Consolidated Adjusted EBITDA guidance to $6.35-$6.50 billion from the previous range of $6.40-$6.80 billion. The adjustment accounts for lower expected fixed liquefaction fees reflecting higher domestic natural gas prices and accounting reserves related to ongoing arbitrations.
The company reported adjusted earnings per share of $0.16 for the quarter, missing analyst estimates of $0.53. However, investors appeared focused on the substantial revenue growth and operational achievements, including the signing of several new long-term LNG sales agreements totaling 5.25 MTPA in the second half of 2025.
Venture Global now expects to export a total of 382-386 cargos across its projects for the full year, with 148 cargos from the Calcasieu Project and 234-238 cargos from the Plaquemines Project.
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