Venture Global Reports Strong 2024 Earnings and Growth

Venture Global, Inc. Class A ( (VG) ) has released its Q4 earnings. Here is a breakdown of the information Venture Global, Inc. Class A presented to its investors.

Venture Global, Inc., a leading provider of U.S. LNG, operates across the LNG supply chain, including production, transport, shipping, and regasification, with a focus on delivering clean and affordable energy. In its latest earnings report, Venture Global announced significant milestones, including the first LNG production at its Plaquemines Project and the deployment of its first two LNG tankers. The company reported a revenue of $5.0 billion and a net income of $1.5 billion for the full year 2024, despite facing challenges such as lower international LNG prices and increased project costs. Key highlights include the commencement of LNG exports from the Plaquemines Project and the initiation of the FID process for the CP2 development. Looking ahead, Venture Global is optimistic about its growth prospects, with expectations of increased LNG exports and a projected Consolidated Adjusted EBITDA between $6.8 billion and $7.4 billion for 2025.