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Venture Global, Inc. Class A
(NYSE:VG)
Select Model
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Rating:72Outperform
Price Target:
$13.50
â–¼(-5.66% Downside)
Action:Upgraded
Date:07/21/26
The score is driven most by mixed financial quality: strong profitability and operating cash flow are offset by persistently negative free cash flow and high leverage. Technicals add support with a clear uptrend and positive momentum, though oscillators are somewhat stretched. Valuation is supportive given a reasonable P/E and very high dividend yield, and the latest earnings call was a notable positive due to the large guidance raise and contracting progress.
Positive Factors
Contracted backlog & sales visibility
A very large, long-term backlog and high 2026 contract coverage materially reduce volume and revenue uncertainty. This supports multi-year EBITDA visibility, underpins project financing capacity, and strengthens bargaining power with lenders and suppliers versus spot exposed peers.
Negative Factors
Very high leverage
A heavily debt‑funded capital structure amplifies downside in commodity or volume stress, constrains strategic optionality and raises refinancing risk. High leverage increases interest and covenant sensitivity, making capital markets and funding windows a persistent structural vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted backlog & sales visibility
A very large, long-term backlog and high 2026 contract coverage materially reduce volume and revenue uncertainty. This supports multi-year EBITDA visibility, underpins project financing capacity, and strengthens bargaining power with lenders and suppliers versus spot exposed peers.
Read all positive factors
Venture Global, Inc. Class A (VG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$33.24B
Dividend Yield0.52%
Average Volume (3M)14.87M
Price to Earnings (P/E)13.8
Beta (1Y)0.20
Revenue Growth139.83%
EPS Growth89.63%
CountryUS
Employees2,000
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.97
Shares Outstanding515,753,600
10 Day Avg. Volume18,565,826
30 Day Avg. Volume14,867,124
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)2.45
Price to Sales (P/S)1.20
P/FCF Ratio-2.43
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$16.43Price Target Upside14.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)1.49
Revenue Forecast (FY)$18.21B
Venture Global, Inc. Class A Business Overview & Revenue Model
Company Description
Venture Global, Inc., a liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U.S. Gulf Coast. The company is involved in LNG produ...
How the Company Makes Money
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Venture Global, Inc. Class A Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 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 | 6.03B | 5.76B | 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 Risk Analysis
Venture Global, Inc. Class A disclosed 44 risk factors in its most recent earnings report. Venture Global, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Venture Global, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $57.22B | 16.16 | 15.92% | 4.51% | 41.04% | 9.18% | |
73 Outperform | $59.31B | 12.62 | 33.27% | 7.14% | 3.18% | 6.43% | |
72 Outperform | $33.24B | 13.79 | 37.77% | 0.49% | 139.83% | 89.63% | |
71 Outperform | $58.03B | 27.42 | 73.92% | 1.51% | -1.23% | 80.28% | |
71 Outperform | $55.23B | 42.93 | 23.48% | 0.80% | 24.15% | -55.07% | |
66 Neutral | $31.90B | 13.87 | 95.30% | 4.98% | 20.96% | 2.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
VG
Venture Global, Inc. Class A
13.38
-1.45
-9.77%
LNG
Cheniere Energy
263.57
23.91
9.98%
CQP
Cheniere Energy Partners
65.90
11.92
22.07%
OKE
Oneok
90.81
14.19
18.52%
TRGP
Targa Resources
270.37
109.02
67.57%
MPLX
MPLX
58.45
9.72
19.96%
Venture Global, Inc. Class A Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Venture Global Secures $1.5 Billion LNG Fleet Financing
Positive
Jun 26, 2026
On June 26, 2026, Venture Global’s wholly owned subsidiary Venture Global Shipping Holdings, LLC entered into a senior secured term loan facility of up to $1.5 billion arranged by Deutsche Bank and ING, maturing in 2032 and backed by nine LN...
Business Operations and StrategyPrivate Placements and Financing
Venture Global Completes Major Senior Secured Notes Offering
Positive
Jun 11, 2026
On June 11, 2026, Venture Global LNG, Inc. completed a $2.25 billion private offering of senior secured notes, split between 6.375% notes due 2034 and 6.625% notes due 2036, placed with qualified institutional buyers and certain non-U.S. investors...
Business Operations and StrategyPrivate Placements and Financing
Venture Global Launches $2.25 Billion Refinancing Notes Offering
Neutral
Jun 2, 2026
On June 1, 2026, Venture Global, Inc. announced that its subsidiary Venture Global LNG, Inc. had launched a privately placed $2.25 billion senior secured notes offering, split evenly between 2034 and 2036 maturities, marketed to qualified institut...
Executive/Board ChangesShareholder Meetings
Venture Global Shareholders Back Directors and Auditor at Meeting
Positive
May 29, 2026
Venture Global, Inc. held its 2026 Annual Meeting of Shareholders on May 27, 2026, at which investors voted on the election of directors and the appointment of the company’s independent auditor. Shareholders elected all seven director nomine...
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.