Venture Global, Inc. Class A (VG)
NYSE:VG
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Venture Global, Inc. Class A
(NYSE:VG)
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Rating:68Neutral
Price Target:
$16.00
â–²(39.62% Upside)
Action:Reiterated
Date:05/14/26
Overall score is driven primarily by solid profitability and improved growth plus a very positive earnings call (material EBITDA guidance raise and strong contracting/execution). These are tempered by the biggest risk factors: persistently negative free cash flow and high leverage, alongside a neutral-to-mixed technical picture.
Positive Factors
Contracted Backlog
A very large long-term contract book (52 MTPA, ~$137B backlog) and 84% 2026 coverage materially raise revenue visibility. Durable contracted volumes reduce volume exposure, support project financing and de-risk cashflow as new trains reach steady production over the next several years.
Negative Factors
High Leverage
Very large absolute debt amplifies financial risk: high leverage increases interest exposure and reduces flexibility to weather weaker LNG prices or commissioning delays. Heavy debt funding raises refinancing and covenant sensitivity over the medium term, compressing strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted Backlog
A very large long-term contract book (52 MTPA, ~$137B backlog) and 84% 2026 coverage materially raise revenue visibility. Durable contracted volumes reduce volume exposure, support project financing and de-risk cashflow as new trains reach steady production over the next several years.
Read all positive factors
Venture Global, Inc. Class A (VG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.86B
Dividend Yield0.95%
Average Volume (3M)22.07M
Price to Earnings (P/E)16.2
Beta (1Y)0.40
Revenue Growth139.83%
EPS Growth89.63%
CountryUS
Employees1,500
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.97
Shares Outstanding515,753,600
10 Day Avg. Volume23,426,306
30 Day Avg. Volume22,066,587
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.45
Price to Sales (P/S)1.20
P/FCF Ratio-2.43
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue4.44
Enterprise Value/Gross Profit9.97
Enterprise Value/Ebitda11.38
Forecast
1Y Price Target
$16.67Price Target Upside45.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)1.47
Revenue Forecast (FY)$17.87B
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 structur...
Venture Global, Inc. Class A Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
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.Positive Updates
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.
Negative Updates
Lower Net LNG Prices Partially Offset Revenue
Management reported $1.4 billion of the revenue change was attributable to lower net LNG sales prices at Plaquemines and Calcasieu Pass (post‑COD SPAs), partially offsetting volume-driven gains.
Read all updates
Q1-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Venture Global raised its 2026 consolidated adjusted EBITDA guidance to $8.2 billion–$8.5 billion (up from prior $5.2B–$5.8B), assuming liquefaction fees of $9.50–$10.50/MMBtu for remaining 2026 cargoes (in line with current forward curves); management said a $1/MMBtu move in fixed liquefaction fees would change EBITDA by roughly $300M–$350M, and noted prior TTF exposure of ~$575M–$625M per $1 move; the company is 84% contracted for 2026, reported Q1 revenue of $4.6B and consolidated adjusted EBITDA of $1.4B (30% EBITDA margin), and emphasized that guidance reflects accelerated contracting and reduced EBITDA sensitivity versus the prior outlook.Venture Global, Inc. Class A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.47B | 13.77B | 4.97B | 7.90B | 6.45B | 1.41B |
| Gross Profit | 6.90B | 6.79B | 3.30B | 6.21B | 4.20B | 714.51M |
| EBITDA | 6.04B | 5.97B | 3.09B | 5.35B | 4.29B | -371.00M |
| Net Income | 2.66B | 2.70B | 1.54B | 2.68B | 1.86B | -356.00M |
Balance Sheet | ||||||
| Total Assets | 56.30B | 53.45B | 43.49B | 28.46B | 15.10B | 1.39B |
| Cash, Cash Equivalents and Short-Term Investments | 1.93B | 2.35B | 3.61B | 4.82B | 618.00M | 18.34M |
| Total Debt | 37.59B | 34.90B | 29.81B | 21.17B | 10.95B | 479.17M |
| Total Liabilities | 43.95B | 43.15B | 37.12B | 26.38B | 14.59B | 770.42M |
| Stockholders Equity | 8.86B | 6.74B | 2.90B | 1.51B | -186.00M | 617.72M |
Cash Flow | ||||||
| Free Cash Flow | -6.87B | -6.80B | -11.57B | -3.54B | -916.00M | -2.58B |
| Operating Cash Flow | 6.21B | 6.57B | 2.15B | 4.55B | 3.70B | 158.71M |
| Investing Cash Flow | -12.75B | -13.22B | -14.16B | -8.72B | -2.90B | -2.08B |
| Financing Cash Flow | 5.55B | 5.46B | 10.75B | 7.63B | 235.00M | -117.26M |
Venture Global, Inc. Class A Technical Analysis
Negative
11.46
Price Trends
11.68
Negative
13.27
Negative
Market Momentum
-1.11
Negative
26.06
Positive
13.57
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 11.46 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $58.06B | 18.41 | 15.92% | 5.61% | 41.04% | 9.18% | |
73 Outperform | $56.26B | 15.91 | 33.27% | 7.31% | 3.18% | 6.43% | |
71 Outperform | $58.10B | 28.10 | 73.92% | 2.03% | -1.23% | 80.28% | |
70 Outperform | $51.06B | -4.26 | 23.48% | 1.07% | 24.15% | -55.07% | |
68 Neutral | $34.86B | 16.23 | 35.62% | 0.95% | 139.83% | 89.63% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | $31.30B | 42.04 | 95.30% | 6.07% | 20.96% | 2.82% |
* Energy Sector Average
VG
Venture Global, Inc. Class A
13.56
2.65
24.30%
LNG
Cheniere Energy
240.45
14.16
6.26%
CQP
Cheniere Energy Partners
64.71
10.71
19.82%
OKE
Oneok
92.62
15.50
20.10%
TRGP
Targa Resources
270.24
114.71
73.75%
MPLX
MPLX
55.62
9.10
19.57%
Venture Global, Inc. Class A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Venture Global Issues New Senior Secured Notes Offering
Positive
Apr 23, 2026
On April 23, 2026, Venture Global’s subsidiary Venture Global Calcasieu Pass, LLC issued $750 million of 6.000% senior secured notes due May 1, 2036, in a private offering to institutional and non-U.S. investors. The notes, guaranteed by aff...
Business Operations and StrategyPrivate Placements and Financing
Venture Global Secures $1.75 Billion Term Loan Facility
Positive
Apr 10, 2026
On April 10, 2026, Venture Global’s subsidiary Calcasieu Pass Funding, LLC closed a $1.75 billion senior secured term loan B facility maturing in 2033, secured by a first‑priority lien on substantially all of the borrower’s asset...
Business Operations and StrategyLegal Proceedings
Venture Global Settles Arbitration, Expands LNG Supply to Europe
Positive
Mar 26, 2026
On March 26, 2026, Venture Global and Edison announced they had signed a commercial agreement settling the pending arbitration related to the Calcasieu Pass LNG project, with completion expected by the end of the second quarter of 2026, at which p...
Business Operations and StrategyPrivate Placements and Financing
Venture Global Secures Landmark CP2 LNG Project Financing
Positive
Mar 13, 2026
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 C...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.