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

• Market Cap: $23.53B
• Dividend Yield: 0.95%
• Average Volume (3M): 10.71M
• Price to Earnings (P/E): 11.1
• Beta (1Y): 1.52
• Revenue Growth: 113.54%
• EPS Growth: 272.02%
• Country: US
• Employees: 1,500
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.16
• Shares Outstanding: 479,506,130
• 10 Day Avg. Volume: 13,574,402
• 30 Day Avg. Volume: 10,712,907
• PEG Ratio: -0.81
• Price to Book (P/B): 20.04
• Price to Sales (P/S): 11.68
• P/FCF Ratio: -5.02
• Enterprise Value/Market Cap: 2.31
• Enterprise Value/Revenue: 5.00
• Enterprise Value/Gross Profit: 9.40
• Enterprise Value/Ebitda: 10.74
• 1Y Price Target: $11.13
• Price Target Upside: 15.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $10.50 ▲(9.26% Upside)

The score is held back primarily by financial risk: very high leverage and deeply negative free cash flow outweigh strong reported margins. Technical indicators are supportive with strong momentum, while valuation metrics (low P/E and very high dividend yield) lift the overall score. Earnings-call results and guidance were generally positive, and corporate updates add incremental support.

Positive Factors

High Gross Margins

Sustained ~66% gross margins indicate strong unit economics for LNG production and favorable contract pricing. High margins create durable operating leverage as volumes scale, supporting long-term profitability even if commodity prices fluctuate modestly.

Long-term Contract Backlog

New 20-year sales and purchase agreements lock in multi-decade cash flows, reducing merchant price exposure and improving project-level bankability. Long-duration SPAs underpin predictable revenue, support debt financing and justify continued capacity investment.

Capacity Expansion Underway (CP2 Phase 2)

Awarding an EPC with reimbursable, target-price terms and milestone incentives helps enforce cost discipline and timely delivery. Expanding export capacity strengthens market position, enabling scale benefits and contract fulfillment across key international markets.

Negative Factors

Very High Leverage

Extremely high leverage and a thin equity base materially increase refinancing, interest and covenant risk. With limited equity buffer, adverse commodity moves or project delays could strain liquidity and constrain strategic flexibility over the coming months.

Negative Free Cash Flow

Deeply negative FCF reflects heavy capex and cash burn from project buildouts. Persistent negative FCF reduces internal funding for debt service and growth, increasing reliance on external financing and raising execution risk during project ramp periods.

Ongoing Arbitration Exposure

Open arbitration cases with material potential liabilities add legal and cash outflow uncertainty, complicating customer relations and credit profiles. Even resolved disputes can divert management attention and affect contract enforceability and future counterparty trust.

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 generates revenue primarily through the sale and export of liquefied natural gas (LNG) to international markets. The company enters into long-term contracts with customers, often including fixed pricing arrangements, which provide a stable revenue stream. Additionally, Venture Global benefits from its strategic partnerships with various stakeholders, including energy producers, infrastructure developers, and governmental entities, which enhance its operational capabilities and market reach. The company's revenue is further supported by the rising global demand for natural gas as a cleaner alternative to coal and oil, positioning it favorably within the energy transition landscape.

Venture Global, Inc. Class A Financial Statement Overview

Summary

Profitability margins are strong (2024 gross margin ~66% and solid EBIT/EBITDA), but financial risk is elevated due to very high leverage (debt-to-equity 10.29, equity ratio 6.7%) and weak cash generation (2024 free cash flow -$11.57B). Revenue decline from 2023 to 2024 further weighs on the outlook.

Income Statement

Venture Global, Inc. has shown a volatile revenue trajectory with a recent decline in total revenue from 2023 to 2024. The gross profit margin remains strong at approximately 66.4% for 2024, indicating efficient cost management. However, the net profit margin decreased significantly from 33.9% in 2023 to 31.0% in 2024, reflecting pressure on profitability. The EBIT and EBITDA margins are robust, but the declining revenue trend poses a concern.

Balance Sheet

The company exhibits a high debt-to-equity ratio of 10.29 in 2024, indicating significant leverage, which could pose financial risks. The return on equity is strong at 53.3%, driven by high net income relative to equity. However, the equity ratio is low at 6.7%, suggesting limited equity buffer against liabilities. Overall, the balance sheet reflects high leverage and potential financial instability.

Cash Flow

Venture Global, Inc. faces challenges in cash flow management, with a negative free cash flow of -$11.57 billion in 2024, a significant decline from the previous year. The operating cash flow to net income ratio is 1.39, indicating sufficient cash generation relative to net income. However, the free cash flow to net income ratio is negative, highlighting issues in capital expenditure management and cash flow sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.85B	4.97B	7.90B	6.45B	1.41B	1.25B
Gross Profit	5.77B	3.30B	6.21B	4.20B	714.51M	694.41M
EBITDA	5.05B	3.09B	5.35B	4.29B	-371.00M	32.95M
Net Income	2.33B	1.54B	2.68B	1.86B	-356.00M	-27.78M
Balance Sheet
Total Assets	50.08B	43.49B	28.46B	15.10B	1.39B	1.08B
Cash, Cash Equivalents and Short-Term Investments	2.21B	3.61B	4.82B	618.00M	18.34M	43.08M
Total Debt	33.64B	29.81B	21.17B	10.95B	479.17M	215.50M
Total Liabilities	39.26B	37.12B	26.38B	14.59B	770.42M	793.06M
Stockholders Equity	7.34B	2.90B	1.51B	-186.00M	617.72M	602.77M
Cash Flow
Free Cash Flow	-8.27B	-11.57B	-3.54B	-916.00M	-2.58B	72.88M
Operating Cash Flow	5.13B	2.15B	4.55B	3.70B	158.71M	83.88M
Investing Cash Flow	-13.30B	-14.16B	-8.72B	-2.90B	-2.08B	-52.72M
Financing Cash Flow	6.08B	10.75B	7.63B	235.00M	-117.26M	-10.85M

Venture Global, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.61
• 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 9.61 is above the 20-day moving average (MA) of 8.86, below 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
OKE	82 Outperform	$50.55B	14.40	17.14%	5.61%	58.76%	13.74%
MPLX	80 Outperform	$56.54B	11.47	34.70%	7.31%	5.19%	11.09%
TRGP	74 Outperform	$43.88B	27.38	61.18%	2.03%	7.79%	33.93%
LNG	71 Outperform	$46.03B	11.74	67.52%	1.07%	17.12%	14.58%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
VG	65 Neutral	$23.53B	11.14	46.19%	0.95%	113.54%	272.02%
CQP	61 Neutral	$28.17B	14.80	95.64%	6.07%	15.43%	0.43%

Venture Global, Inc. Class A Corporate Events

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.

Venture Global, Inc. Issues $3 Billion in Notes

On December 9, 2025, Venture Global Plaquemines LNG, LLC, a subsidiary of Venture Global, Inc., issued $3 billion in senior secured notes in two series, with maturities in 2030 and 2034. The proceeds will be used to prepay existing credit facilities and cover offering expenses, enhancing the company’s financial positioning and supporting its ongoing LNG projects.

The most recent analyst rating on (VG) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Venture Global, Inc. Class A stock, see the VG Stock Forecast page.