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

• Market Cap: $31.27B
• Dividend Yield: 0.25%
• Average Volume (3M): 6.38M
• Price to Earnings (P/E): 24.2
• Beta (1Y): 1.28
• Revenue Growth: 62.15%
• EPS Growth: -15.17%
• Country: US
• Employees: 1,500
• Sector: Energy
• Sector Strength: 56
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.14
• Shares Outstanding: 459,342,320
• 10 Day Avg. Volume: 7,036,156
• 30 Day Avg. Volume: 6,376,883
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.28
• Enterprise Value/Revenue: 9.50
• Enterprise Value/Gross Profit: 17.80
• Enterprise Value/Ebitda: 18.91
• 1Y Price Target: $17.00
• Price Target Upside: 30.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 57 Neutral
• Price Target: $14.00 ▲(7.69% Upside)

Venture Global's overall stock score is driven by strong earnings call performance and positive corporate events, which are offset by financial instability and bearish technical indicators. The company's high leverage and negative cash flow present significant risks, while recent strategic achievements provide a positive outlook.

Positive Factors

Earnings

Venture Global is forecasted to generate significant marketing profits during the Plaquemines commissioning process.

Growth Potential

Venture Global's growth ambitions are expected to make it one of the largest LNG export companies globally, enhancing its negotiating flexibility.

Negative Factors

Financial Performance

VG's ~$2.0bn FY25e adj EBITDA guidance miss appeared to be the Street's main takeaway from VG's 4Q24 update, as shares declined -36%.

Market Sentiment

Based on the recent stock price appreciation, there is seen limited upside on the Price Target of $18/shr.

Venture Global, Inc. Class A Business Overview & Revenue Model

Company Description

Venture Global, Inc. Class A (VG) is a leading energy company focused on the development and operation of liquefied natural gas (LNG) export facilities. The company primarily operates in the natural gas sector, leveraging advanced technologies and innovative practices to produce, liquefy, and transport natural gas to international markets. Venture Global is committed to providing reliable and affordable energy solutions while promoting sustainable practices in its operations.

How the Company Makes Money

Venture Global generates revenue primarily through the sale of liquefied natural gas (LNG) to global markets. The company's revenue model is based on long-term sales agreements with corporate customers, which provide a stable income stream. Key revenue streams include contracts with utilities and energy companies in regions with high demand for LNG. Additionally, Venture Global benefits from strategic partnerships with other energy companies and financial institutions that facilitate project financing and enhance its operational capabilities. The company's focus on cost-effective production and efficient logistics also contributes to its profitability, allowing it to remain competitive in the global LNG market.

Venture Global, Inc. Class A Financial Statement Overview

Summary

Venture Global, Inc. demonstrates strong profitability margins but faces challenges in revenue growth and cash flow management. The high leverage and low equity ratio raise concerns about financial stability. While the company has a solid return on equity, the declining revenue and negative free cash flow warrant caution.

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	7.52B	4.97B	7.90B	6.45B	1.41B	1.25B
Gross Profit	4.01B	3.30B	6.21B	4.20B	714.51M	694.41M
EBITDA	3.78B	3.09B	5.35B	4.29B	-371.00M	32.95M
Net Income	1.91B	1.54B	2.68B	1.86B	-356.00M	-27.78M
Balance Sheet
Total Assets	46.51B	43.49B	28.46B	15.10B	1.39B	1.08B
Cash, Cash Equivalents and Short-Term Investments	2.25B	3.61B	4.82B	618.00M	18.34M	43.08M
Total Debt	711.00M	29.81B	21.17B	10.95B	479.17M	215.50M
Total Liabilities	36.10B	37.12B	26.38B	14.59B	770.42M	793.06M
Stockholders Equity	5.27B	2.90B	1.51B	-186.00M	617.72M	602.77M
Cash Flow
Free Cash Flow	-6.86B	-11.57B	-3.60B	-1.01B	-2.58B	72.88M
Operating Cash Flow	3.25B	2.15B	4.55B	3.70B	158.71M	83.88M
Investing Cash Flow	-10.13B	-14.16B	-8.72B	-2.90B	-2.08B	-52.72M
Financing Cash Flow	4.17B	10.75B	7.63B	235.00M	-117.26M	-10.85M

Venture Global, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPLX	75 Outperform	$51.74B	11.94	31.38%	7.65%	4.67%	2.07%
OKE	73 Outperform	$46.87B	14.51	16.05%	5.43%	47.00%	11.86%
LNG	68 Neutral	$53.09B	13.95	68.91%	0.83%	11.20%	-8.80%
TRGP	66 Neutral	$34.68B	23.38	60.30%	2.12%	5.88%	46.35%
Sector *	65 Neutral	$15.26B	7.31	3.02%	5.32%	4.27%	-62.52%
CQP	62 Neutral	$26.28B	13.05	112.19%	6.02%	10.62%	5.04%
VG	57 Neutral	$31.27B	24.21		0.25%	62.15%	-15.17%

Venture Global, Inc. Class A Corporate Events

Venture Global Wins Arbitration Against Shell NA LNG

On August 12, 2025, Venture Global, Inc. announced a favorable outcome in its arbitration proceedings with Shell NA LNG LLC regarding LNG sales from the Calcasieu Project. The tribunal’s decision supports Venture Global’s stance on the clarity and adherence to their contracts, reinforcing the company’s commitment to maintaining a fair and competitive industry. This outcome is expected to bolster Venture Global’s position in the energy market, as it continues to play a significant role in providing low-cost energy solutions globally.

Venture Global Secures $15.1 Billion for CP2 LNG Project

On July 28, 2025, Venture Global announced the final investment decision and financial close for Phase 1 of its CP2 LNG project, securing $15.1 billion in project financing. This milestone marks the company’s third project and positions Venture Global as the largest exporter of U.S. LNG, with a peak production capacity of 28 MTPA for CP2. The project has garnered significant interest from leading global banks, reflecting strong demand for U.S. LNG investments. The CP2 project is strategically important for global energy supply, with long-term contracts in place with customers in Europe, Asia, and other regions.

Venture Global Closes $4 Billion Note Offering

On July 3, 2025, Venture Global Plaquemines LNG, LLC, a subsidiary of Venture Global, Inc., closed a private offering of $4 billion in senior secured notes, split into two series maturing in 2034 and 2036. The proceeds will be used to prepay existing credit facilities and cover offering expenses, with the notes secured by a first-priority interest in the assets backing the existing credit facilities and notes. This issuance increases the total senior secured notes issued by VGPL to $6.5 billion since the project began producing LNG in December 2024, enhancing the company’s financial structure and market position.

Venture Global, Inc. Holds 2025 Shareholders Meeting

Venture Global, Inc. held its 2025 Annual Meeting of Shareholders on May 21, 2025, where several proposals were voted on. Shareholders elected all seven director nominees to the Board of Directors, ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2025, approved executive compensation on a non-binding advisory basis, and decided to hold future advisory votes on executive compensation every three years.