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Venture Global (NYSE:VG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
The LNG exporter said stronger sales from Plaquemines and higher contract interest will support earnings even as Q2 profit narrowly missed estimates.
- On Tuesday, Venture Global Inc. missed Wall Street estimates for second-quarter revenue and adjusted core profit, yet raised its 2026 adjusted core profit outlook to $8.7 billion to $9.1 billion.
- Higher operating and borrowing costs, alongside lower liquefaction fees at Calcasieu Pass, weighed on results; production gains from Plaquemines offset these pressures.
- Chief Executive Mike Sabel reported $1.41 billion in profit and $4.58 billion in revenue for the quarter, announcing a 122% dividend increase to 4 cents per share.
- Venture Global continues facing arbitration from Calcasieu Pass customers seeking damages exceeding $2.4 billion, though the company maintains liabilities should be capped at $425 million under sales agreements.
- Sabel expects the Middle East conflict to support exporters as buyer interest shifts toward shorter contracts; the company has sold forward 91% of cargoes this year at $5.05 per million British thermal units.
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Venture Global lifts 2026 core profit forecast for second straight quarter
Venture Global on Tuesday raised its full-year adjusted core profit forecast for the second straight quarter, as the U.S. LNG company expects higher liquefaction fees for its unsold cargoes and stronger sales volumes.
·Toronto, Canada
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Venture Global 2Q26: Record $2.5B EBITDA, 127 LNG Cargoes Shipped - Marcellus Drilling News
Venture Global (VG), the Arlington, Virginia-based LNG exporter that operates the Calcasieu Pass and Plaquemines liquefaction plants in Louisiana — and is building a third, CP2 — reported second quarter 2026 results Tuesday that were, by any measure, a blowout. Revenue hit $4.6 billion (up 48% from 2Q25), net income came in at $1.3 billion...
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Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
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R 20%
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