Venture Global, Inc. Class A (VG)
NYSE:VG
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Earnings Data
Report Date
Aug 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.47Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, aggressive growth and contracting momentum (revenue up ~58.6%, net income up ~23%, EBITDA guidance materially raised), substantial project progress (CP2 FID/financing, construction milestones), and meaningful balance‑sheet refinancing actions. Headwinds included lower realized LNG prices partially offsetting gains, weather and market disruptions, geopolitical-driven supply uncertainty, and near-term contracting capacity to be filled. Overall, positive operational and financial momentum outweighed the highlighted risks.Company Guidance
Strong Revenue Growth
Revenue of $4.6 billion in Q1 2026, up $1.7 billion year-over-year (approximately +58.6%), driven primarily by higher sales volumes.
Improved Profitability
Net income attributable to common stockholders of $488 million in Q1 2026, up $92 million year-over-year (+23.2%). Income from operations was $1.2 billion, up $71 million versus prior year.
EBITDA and Margin Resilience
Consolidated adjusted EBITDA of $1.4 billion in the quarter (a $26 million or ~2% increase year-over-year) and an EBITDA margin of 30% despite market headwinds.
Material Guidance Raise
2026 consolidated adjusted EBITDA guidance increased to $8.2 billion–$8.5 billion from $5.2 billion–$5.8 billion (new midpoint ~52% higher than prior midpoint), assuming liquefaction fees of $9.50–$10.50/MMBtu for remaining cargoes.
Major Contracting and Backlog
More than 52 MTPA of long- and medium-term contracts with approximately $137 billion of revenue backlog; contracted position for 2026 rose to 84% (from 69% referenced in March 2021 call).
Operational Execution and Cargo Performance
Operational record: exported a new Q1 record of 130 cargoes and management noted >150 contracted cargoes exported since Calcasieu Pass COD without missing a single scheduled cargo.
CP2 FID and Project Financing
Completed FID for CP2 Phase II with $8.6 billion of project financing (bringing total CP2 project financing to $20.7 billion); company highlighted rapid construction progress (perimeter wall complete, 12 liquefaction trains and 3 gas turbines delivered/on foundations).
Balance Sheet and Refinancing Progress
Raised over $11 billion in 2026 for development and refinancing; refinancings (Term Loan B, $750M Calcasieu Pass notes) reduced higher-cost capital, with an expected ~ $100 million/year reduction in interest expense from a completed refinancing.
Asset Growth
Total assets increased by over $11 billion year-over-year to $56 billion at the end of Q1 2026.
Low-Cost Production and Operating Leverage
Management cited industry-leading low production costs and operating leverage: Plaquemines expected nominal cost per MMBtu ~ $0.44 at nameplate and < $0.30 at full capacity; Calcasieu Pass projected below $0.40/MMBtu at full capacity.
VG Earnings History
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 |
|---|---|---|---|
May 12, 2026 | $11.62 | $13.27 | +14.20% |
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% |
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 Aug 18, 2026, Before Open (Confirmed).
What is Venture Global, Inc. Class A (VG) earnings time?
Venture Global, Inc. Class A (VG) earnings time is at Aug 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is VG EPS forecast?
VG EPS forecast for the fiscal quarter 2026 (Q2) is 0.47.