Venture Global, Inc. Class A (VG) Earnings Dates, Call Summary & Reports

Compare

697 Followers

Earnings Data

Report Date

May 19, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.13

Last Year’s EPS

0.15

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 02, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted a strong operational and financial ramp in 2025 with significant contracting momentum, scale expansions under construction (Calcasieu Pass, Plaquemines, CP2), record production growth, and large EBITDA gains (Q4 EBITDA up 191% YoY; FY EBITDA up 200%). Management provided constructive 2026 guidance ($5.2B–$5.8B consolidated adjusted EBITDA) and detailed capital plans that rely on project-level financing and retained earnings. Near-term challenges include shipping constraints, weather-related disruptions (Winter Storm Fern) that management quantifies as ~ $500M Q1 EBITDA headwind, ongoing arbitrations with a $13M/quarter non-cash revenue reserve estimate at Calcasieu Pass, commissioning variability at Plaquemines, and higher interest/swap costs that pressured net income. Overall, the positive operational execution, substantial contract backlog and financing progress materially outweigh the near-term operational and market headwinds discussed.

Company Guidance

Venture Global's 2026 guidance calls for consolidated adjusted EBITDA of $5.2–$5.8 billion, driven by expected exports of 486–527 cargoes from its facilities with 69% of potential 2026 cargoes already contracted; management expects Calcasieu Pass to export 145–156 cargoes in 2026 with an implied weighted-average liquefaction fee of $1.98/MMBtu (Q4 realized $2.10/MMBtu) and Plaquemines to export 341–370 cargoes (59% of Plaquemines’ potential cargoes contracted at a weighted-average fee of $4.50/MMBtu; Q4 commissioning fee $6.20/MMBtu). For Q1 2026 they expect consolidated adjusted EBITDA of $1.15–$1.25 billion (noting Winter Storm Fern and late‑Q4 margin compression reduced Q1 by ~$500 million versus a $5.50/MMBtu baseline), they estimate annual EBITDA moves by ~$575–$625 million for each $1/MMBtu change in fixed liquefaction fees, and they are applying an estimated $13 million per quarter non‑cash arbitration reserve adjustment to Calcasieu Pass revenue over the 20‑year SPA terms.

Major 2025 Operational Milestones & Scale-up

IPO in January 2025; Calcasieu Pass reached commercial operations in April 2025; Plaquemines ramped commissioning and is generating >1 commissioning cargo per day; CP2 Phase 1 reached FID in July and construction launched. Company is simultaneously constructing 57+ MTPA across two facilities and projects ~68+ MTPA annual run-rate when Calcasieu Pass, Plaquemines and CP2 Phases 1 & 2 are complete.

Material Financial Growth (Q4 and FY 2025)

Q4 2025 revenue of $4.4B (increase of $2.9B vs Q4 2024); full-year 2025 revenue $13.8B (up $8.8B vs 2024). Q4 consolidated adjusted EBITDA of $2.0B, up 191% YoY; FY consolidated adjusted EBITDA $6.3B, up 200% YoY. Income from operations nearly tripled YoY.

Strong Production Ramp and Cargo Volumes

Q4 2025 volumes: 478 TBtu vs 128 TBtu in Q4 2024 (production more than tripled year-over-year). Q4 exported 128 cargoes (Calcasieu Pass 38 cargoes; Plaquemines 90 cargoes). Company expects 486–527 cargoes from both facilities in 2026.

Commercial Success and Contracting Momentum

Since re-entering contracting in April, secured 9.25 MTPA of new 20-year SPAs and additional mid-term deals (including a ~0.5 MTPA five-year VGC deal with Trafigura and a 1.5 MTPA 20-year SPA with Hanwha). Company reports $134B of total contracted third-party revenue and ~49 MTPA of long-/intermediate-term offtake; 69% of expected 2026 production capacity is contracted.

Guidance and Earnings Sensitivities

2026 consolidated adjusted EBITDA guidance: $5.2B–$5.8B. Sensitivity: a $1/ MMBtu change in fixed liquefaction fees would move consolidated adjusted EBITDA by roughly $575M–$625M. Q1 2026 EBITDA guide: $1.15B–$1.25B (includes one-time impacts).

Balance Sheet & Financing Activity

Raised $33.0B in 2025 to support development and refinance. Issued $3.0B Plaquemines notes in Q4 and used proceeds plus interest-swap breakage to repay $3.2B of the Plaquemines construction loan. Secured a $2.0B undrawn corporate revolver. Reduced project-level leverage at Calcasieu Pass by $190M and Plaquemines by $919M for the year.

Operational & Cost Advantages

Modular approach, data-driven operations and in-sourced EPC functions yielded project-level operating & maintenance costs ~30% below industry averages; construction timelines cited as less than half of many peers. Safety record: total recordable incident rate of 0.16 vs national average of 2.2.

Fleet & Logistics Advantages

Owned/chartered fleet (9 vessels with 2 additional deliveries forthcoming) provided mitigation of shipping disruptions and helped offset higher commercial shipping rates during periods of constrained ship availability.

CP2 Progress & Bolt-on Opportunities

CP2 Phase 1 construction proceeding on schedule and budget (six of 26 liquefaction trains delivered to site and on foundations; first LNG tank roof raised in record time). Phase 2 has 5 MTPA of 20-year SPAs signed to support financing; $1.7B of equity already invested. Expect ~13 MTPA of low-cost bolt-on capacity after CP2 Phase 2 and Plaquemines expansions at materially lower cost and faster timelines.

Venture Global, Inc. Class A (VG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 19, 2026	2026 (Q1)	0.13 / -	0.15	―	―	―
Mar 02, 2026	2025 (Q4)	0.35 / 0.41	0.33	24.24% (+0.08)
Nov 10, 2025	2025 (Q3)	0.23 / 0.16	-0.13	223.08% (+0.29)
Aug 12, 2025	2025 (Q2)	0.18 / 0.14	0.125	12.00% (+0.02)
May 13, 2025	2025 (Q1)	0.26 / 0.15	0.268	-44.03% (-0.12)		―
Mar 06, 2025	2024 (Q4)	0.35 / 0.33	-0.021	1671.43% (+0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 02, 2026	$9.68	$11.36	+17.45%
Nov 10, 2025	$7.96	$8.45	+6.26%
Aug 12, 2025	$12.01	$12.11	+0.91%
May 13, 2025	$9.85	$10.65	+8.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Venture Global, Inc. Class A (VG) report earnings?

Venture Global, Inc. Class A (VG) is schdueled to report earning on May 19, 2026, Before Open (Confirmed).

What is Venture Global, Inc. Class A (VG) earnings time?

Venture Global, Inc. Class A (VG) earnings time is at May 19, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VG EPS forecast?

VG EPS forecast for the fiscal quarter 2026 (Q1) is 0.13.