Venture Global, Inc. Class A (VG) AI Stock Analysis

• Market Cap: $32.19B
• Dividend Yield: 0.95%
• Average Volume (3M): 16.08M
• Price to Earnings (P/E): 6.1
• Beta (1Y): 1.24
• Revenue Growth: 113.54%
• EPS Growth: 272.02%
• Country: US
• Employees: 1,500
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.41
• Shares Outstanding: 488,365,840
• 10 Day Avg. Volume: 30,219,619
• 30 Day Avg. Volume: 16,079,369
• PEG Ratio: 0.12
• Price to Book (P/B): 1.96
• Price to Sales (P/S): 1.20
• P/FCF Ratio: -2.43
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 2.28
• Enterprise Value/Gross Profit: 4.62
• Enterprise Value/Ebitda: 5.25
• 1Y Price Target: $11.90
• Price Target Upside: -9.16% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 0.83
• Revenue Forecast (FY): $15.87B

• Rating: 73 Outperform
• Price Target: $14.50 ▲(10.69% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven by very strong valuation (low P/E and high yield) and solid technical momentum, supported by constructive guidance and contracting/buildout progress. It is capped by financial-risk factors—historically volatile leverage/equity and persistently negative free cash flow—plus near-term operational disruptions and cost pressures noted in the latest call.

Positive Factors

Contracting momentum and long‑term SPAs

A large backlog of long‑dated SPAs and ~49 MTPA contracted capacity materially de‑risk future cash flows. Multi‑decade contracts improve revenue visibility, support project‑level financings, and reduce reliance on volatile spot markets, enabling sustained investment and capacity buildout.

Rapid scale-up of revenue and EBITDA

A multi‑year ramp to large, consistently positive EBITDA demonstrates the business can generate substantial operating cash and achieve scale economics. Sustainable scale improves bargaining power with suppliers, supports reinvestment, and enhances the company's ability to self‑finance future projects.

Proven ability to secure large project financing (CP2 FID)

Securing landmark, multi‑billion project financing without outside equity shows strong bank and sponsor confidence, preserves equity value and accelerates capacity growth. Reliable access to project debt is critical for capital‑intensive LNG expansion and reduces dilution risk over the medium term.

Negative Factors

Persistent negative free cash flow

Chronic negative free cash flow reflects heavy capex and cash burn despite strong operating cash flow. Over time this raises funding dependence, increases refinancing and liquidity risk, and constrains the company's ability to delever, build liquidity buffers, or return capital without sustained cash generation improvements.

Historically volatile leverage and past negative equity

A history of negative equity and swings in leverage undermines credit stability and increases future funding costs. Even with 2025 improvement, inconsistent capital structure raises refinancing risk during market stress and can limit strategic flexibility for additional growth investments.

Remaining uncontracted volume and shipping/commissioning risks

Significant uncontracted volumes expose near‑term earnings to spot price and margin swings, while shipping constraints and commissioning variability create operational delivery risk. Together these structural exposures can produce persistent volatility in revenue realization and margin durability.

Venture Global, Inc. Class A Business Overview & Revenue Model

Company Description

Venture Global, Inc. supplies natural gas products. The Company specializes in commissioning, constructing, and developing natural gas liquefaction and export projects.

How the Company Makes Money

Venture Global makes money primarily by selling LNG to customers under commercial arrangements tied to its LNG export projects. Its key revenue stream is LNG sales: the company enters into contracts to deliver LNG volumes to buyers (often structured as long-term sale-and-purchase agreements) and recognizes revenue from the sale of LNG when deliveries occur. Earnings are influenced by the contracted pricing terms (which can include commodity-linked components), the amount of LNG produced and delivered from its facilities, and operational performance (uptime, capacity utilization, and production efficiency). The company’s ability to generate revenue also depends on successfully developing and commissioning LNG projects (bringing capacity online), securing sufficient natural gas supply and transportation to its plants, and maintaining access to shipping/logistics needed to deliver LNG to end markets. Specific details on contract mix, pricing formulas, named counterparties, and the contribution of any ancillary revenue streams are null.

Venture Global, Inc. Class A Financial Statement Overview

Summary

Strong revenue/EBITDA ramp and consistent profitability in 2022–2025 support results, but the balance sheet has a history of stressed/volatile leverage (including negative equity in 2022) and free cash flow is persistently negative (2021–2025), implying continued funding dependence despite strong operating cash flow.

Income Statement

Revenue has scaled materially over the last few years, highlighted by strong growth in 2025 versus 2024, and the business is now consistently profitable after losses in 2020–2021. Profitability remains attractive, with solid net income in 2022–2025 and healthy EBITDA levels, though margins appear less consistent in 2025 versus prior years (and some gross/margin fields look unreliable for that period). Overall, the earnings profile is strong but shows volatility year-to-year.

Balance Sheet

Leverage and equity quality have been volatile: debt-to-equity was extremely high in 2023–2024 and equity was negative in 2022, indicating a historically stressed capital structure. The 2025 balance sheet looks meaningfully improved with much lower total debt relative to equity, but the sharp swing suggests the capital structure has not been consistently stable. Assets are sizable, yet the historical leverage profile remains a key risk factor.

Cash Flow

Operating cash flow is strong in most years and improves significantly in 2025, supporting reported profitability. However, free cash flow is consistently negative from 2021 through 2025 (including a very large cash burn in 2024–2025), implying heavy capital investment and/or cash outflows that outweigh operating inflows. This mix points to good cash generation from operations but weak near-term cash retention and higher funding dependence.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.77B	4.97B	7.90B	6.45B	1.41B
Gross Profit	6.79B	3.30B	6.21B	4.20B	714.51M
EBITDA	5.97B	3.09B	5.35B	4.29B	-371.00M
Net Income	2.70B	1.54B	2.68B	1.86B	-356.00M
Balance Sheet
Total Assets	53.45B	43.49B	28.46B	15.10B	1.39B
Cash, Cash Equivalents and Short-Term Investments	2.35B	3.61B	4.82B	618.00M	18.34M
Total Debt	1.51B	29.81B	21.17B	10.95B	479.17M
Total Liabilities	41.45B	37.12B	26.38B	14.59B	770.42M
Stockholders Equity	8.44B	2.90B	1.51B	-186.00M	617.72M
Cash Flow
Free Cash Flow	-6.80B	-11.57B	-3.54B	-916.00M	-2.58B
Operating Cash Flow	6.57B	2.15B	4.55B	3.70B	158.71M
Investing Cash Flow	-13.22B	-14.16B	-8.72B	-2.90B	-2.08B
Financing Cash Flow	5.46B	10.75B	7.63B	235.00M	-117.26M

Venture Global, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.10
• 50DMA: Negative
• 100DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VG, the sentiment is Negative. The current price of 13.1 is above the 20-day moving average (MA) of 8.86, above the 50-day MA of 11.68, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -1.11 indicates Negative momentum. The RSI at 26.06 is Positive, neither overbought nor oversold. The STOCH value of 13.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VG.

Venture Global, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNG	80 Outperform	$53.03B	8.01	79.10%	1.07%	17.12%	14.58%
MPLX	80 Outperform	$59.41B	11.07	34.93%	7.31%	5.19%	11.09%
OKE	75 Outperform	$53.76B	13.64	15.47%	5.61%	58.76%	13.74%
VG	73 Outperform	$32.19B	6.13	37.98%	0.95%	113.54%	272.02%
TRGP	72 Outperform	$51.60B	21.51	68.22%	2.03%	7.79%	33.93%
CQP	71 Outperform	$31.02B	8.67	122.75%	6.07%	15.43%	0.43%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Venture Global, Inc. Class A Corporate Events

Venture Global Secures Landmark CP2 LNG Project Financing

On March 13, 2026, Venture Global’s subsidiary CP2 LNG closed amended and upsized project financing facilities totaling $20.7 billion to fund Phases 1 and 2 of its CP2 liquefaction and export terminal and the related CP Express pipeline in Cameron Parish, Louisiana. The package includes expanded construction term loans and a larger working capital facility, all secured by first‑priority liens on CP2 and affiliate assets, with borrowings bearing SOFR‑ or base rate‑linked interest and maturing no later than July 28, 2032.

The company simultaneously reached final investment decision and secured $8.6 billion of Phase 2 financing for CP2, which, together with Phase 1 funding first announced in July 2025, represents the largest standalone project financing in the U.S. bank market and required no outside equity. With CP2’s peak capacity of 29 MTPA largely sold on long‑term contracts to European and Asian buyers and total contracted capacity across its three Louisiana projects now exceeding 49 MTPA, Venture Global is positioned to become the largest U.S. LNG exporter, underscoring strong global and banking sector demand for U.S. LNG.

The most recent analyst rating on (VG) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Venture Global, Inc. Class A stock, see the VG Stock Forecast page.

Venture Global Advances CP2 LNG Phase 2 Expansion Agreement

On January 30, 2026, Venture Global CP2 LNG, LLC signed an engineering, procurement and construction contract with Worley Field Services Inc. for Phase 2 of its CP2 LNG export project, assigning Worley responsibility for detailed plant design, procurement of certain materials, construction management, installation and integration of critical LNG equipment, construction of an associated power plant, and overall project controls. Worley is required to deliver fully operational LNG export facilities that meet specified performance tests and extensive warranty standards, while being compensated under a reimbursable, target-price structure with limited adjustment rights and schedule- and milestone-based bonus incentives designed to enforce cost discipline, ensure quality, and promote on-time completion of Phase 2, with implications for the timely expansion of Venture Global’s LNG export capacity and its competitive positioning in the LNG market.

The most recent analyst rating on (VG) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Venture Global, Inc. Class A stock, see the VG Stock Forecast page.

Venture Global Wins Favorable ICC Arbitration Award

On January 21, 2026, the International Chamber of Commerce International Court of Arbitration issued a final award in the arbitration between Venture Global Calcasieu Pass, LLC and Repsol LNG Holding, S.A. over LNG sales under their long-term sales and purchase agreement tied to the Calcasieu Project. The tribunal ruled that Venture Global Calcasieu Pass had acted as a “Reasonable and Prudent Operator” when it declared commercial operations on April 15, 2025, rejected all of Repsol’s claims, and awarded fees to the Venture Global subsidiary. This latest ruling adds to a series of favorable decisions for Venture Global, reinforcing the company’s assertion that it has consistently honored the terms of its long-term LNG contracts and strengthening its legal and commercial position in ongoing relationships with customers and creditors.

The most recent analyst rating on (VG) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Venture Global, Inc. Class A stock, see the VG Stock Forecast page.