Venture Global, Inc.

NYSE:VG Stock Report

Market Cap: US$38.2b

Venture Global Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Mike Sabel

Chief executive officer

US$39.1m

Total compensation

CEO salary percentage19.01%
CEO tenure3yrs
CEO ownership0.05%
Management average tenure1.7yrs
Board average tenure3yrs

Recent management updates

Recent updates

Seeking Alpha • Sep 15

Venture Global: LNG Demand Is Only Rising, And This Is My Stock Of Choice For That

Summary Venture Global is rated a Strong Buy, driven by robust LNG demand, facility expansion, and compelling valuation at 12.5x EV/EBIT. VG's earnings and volumes are surging, with H1 EBIT at $3.3B and 2026 EBITDA guidance raised to $8.7–$9.1B. Repricing legacy contracts and new long-term deals, including with China Gas, provide significant upside as market rates outpace historical agreements. Execution risk centers on timely CP2 facility launch, but VG's infrastructure growth positions it as a premier LNG market play. Read the full article on Seeking Alpha
Narrative Update • Sep 10

VG: Expansion Projects And Refinancing Will Shape Balanced Forward LNG Outlook

Analysts have modestly raised their price target for Venture Global to $16.67 from $16.32, citing updated assumptions around a slightly higher discount rate, a small adjustment to expected revenue growth and profit margins, and a marginally lower future P/E multiple. What’s in the News for Venture Global Venture Global reported Q2 2026 revenue that was 48% higher year over year, supported by a 42% to 45% rise in LNG export volumes and the shipment of its 1,000th cargo.
Narrative Update • Aug 21

VG: LNG Backlog And New Contracts Will Support Future Earnings Visibility

Analysts have lifted their price target for Venture Global from $13.00 to $14.00, citing updated assumptions that include a revised discount rate, a change in revenue growth expectations, a higher profit margin outlook, and a modest adjustment to the future P/E multiple. What’s in the News for Venture Global Venture Global reported Q2 2026 results with a 48% revenue increase and a 45% rise in LNG export volumes, including its 1,000th cargo exported.
Narrative Update • Jul 24

VG: Future LNG Contracts And Refinancing Plans Will Shape Balanced Outlook

Analysts have raised their price target on Venture Global from $12.26 to $16.32, citing updated assumptions that combine a lower discount rate, more moderate revenue growth, a higher profit margin outlook, and a reduced future P/E multiple. What’s in the News for Venture Global Venture Global LNG completed a US$2.26b offering of long dated senior secured notes due in 2034 and 2036 with coupons between 6.375% and 6.625%, using the proceeds to redeem higher cost 8.125% notes due 2028, while also adding leverage and interest costs (source: Venture Global Raises US$2.26b in Senior Secured Notes, Expands LNG Supply Contracts).
Narrative Update • Jul 10

VG: LNG Backlog And Export Scale Will Support Earnings Visibility

Analysts have raised their fair value estimate for Venture Global from $9.00 to $13.00, citing updated assumptions regarding discount rates, revenue growth, profit margins, and a revised outlook for the company’s future price-to-earnings (P/E) ratio. What’s in the News for Venture Global Seeking Alpha reports that Venture Global could become the largest U.S. LNG exporter by 2027 and that the company has issued 2026 EBITDA guidance of US$8.2b to US$8.5b, supported by a reported US$137b revenue backlog and a large contract portfolio.
Narrative Update • Jun 26

VG: European LNG Contracts Will Support Future Cash Flow Visibility

Analysts have raised their price target on Venture Global to $21.24 from $18.70, citing updated assumptions that include a different discount rate, revised expectations for revenue growth and profit margins, and a lower future P/E multiple in their valuation work. What's in the News for Venture Global Venture Global expanded its long term LNG Sales and Purchase Agreement with Atlantic-SEE LNG Trade to Greece, doubling contracted volume to 1.0 million tons per year from 0.5 million tons per year for 20 years starting in 2030.
Analysis Article • Jun 20

Venture Global (VG) Stock Could Be 10.1% Undervalued After Recent Slide

Venture Global Stock Reaction and Recent Trading Context Venture Global (VG) has drawn investor attention after its recent trading performance, with the stock down 16% over the past week and about 19% over the past month. Over the past 3 months, Venture Global has fallen roughly 30%, while the year to date return remains positive at about 57%. This combination of shorter term weakness and longer term strength is shaping how investors are reassessing the stock. See our latest analysis for...
Analysis Article • May 19

Solid Earnings May Not Tell The Whole Story For Venture Global (NYSE:VG)

Venture Global, Inc. ( NYSE:VG ) just released a solid earnings report, and the stock displayed some strength. Despite...
Analysis Article • Feb 04

Venture Global, Inc. (NYSE:VG) Surges 35% Yet Its Low P/E Is No Reason For Excitement

Venture Global, Inc. ( NYSE:VG ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Dec 16

Venture Global, Inc. (NYSE:VG) Not Doing Enough For Some Investors As Its Shares Slump 26%

Unfortunately for some shareholders, the Venture Global, Inc. ( NYSE:VG ) share price has dived 26% in the last thirty...
Analysis Article • Sep 25

Is Venture Global (NYSE:VG) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Apr 22

Venture Global: Failing To Meet Expectations To Date

Summary Venture Global's stock has plummeted 65% post-IPO due to mispricing, execution issues and a disappointing financial outlook. The company faces significant challenges which impact its LNG projects and overall credibility with major European customers. Analysts have mixed ratings on the equity currently, but there was some significant insider buying in the stock in March, and it has a low forward P/E ratio. Read the full article on Seeking Alpha
Seeking Alpha • Mar 11

Venture Global: No Relief In Sight

Summary Venture Global's IPO was disastrous, with the stock plummeting over 60% due to high valuation concerns and operational red flags. 2025 earnings guidance was significantly below expectations, exacerbated by lower margins from LNG price arbitrage and operational issues. Production and cost issues, including unexpected buyer margin discounts and increased project costs, have further eroded investor confidence. The company's reputation and future contract prospects are tarnished by lawsuits and operational mismanagement, making it a risky investment. Read the full article on Seeking Alpha
Seeking Alpha • Feb 10

Venture Global's IPO Struggles: Legal Battles, Valuation Woes, And Market Risks

Summary Venture Global’s IPO debacle and dramatic valuation drop highlight mounting operational and legal headwinds in the LNG market. VG’s steep stock decline and high leverage underscore risks amid fierce competition and unstable market conditions. While favorable LNG policies offer a glimmer of hope, persistent legal and operational hurdles keep VG’s outlook cautionary. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Mike Sabel's remuneration changed compared to Venture Global's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$3b

Mar 31 2026n/an/a

US$2b

Dec 31 2025US$39mUS$7m

US$2b

Sep 30 2025n/an/a

US$2b

Jun 30 2025n/an/a

US$1b

Mar 31 2025n/an/a

US$1b

Dec 31 2024US$36mUS$8m

US$1b

Sep 30 2024n/an/a

US$554m

Dec 31 2023US$34mUS$6m

US$3b

Compensation vs Market: Mike's total compensation ($USD39.10M) is above average for companies of similar size in the US market ($USD14.74M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Sabel (58 yo)

3yrs
Tenure
US$39,104,906
Compensation

Mr. Michael A. Sabel, also known as Mike, is Co- Founder of Venture Global, Inc and has been its Executive Co-Chairman of the Board and Chief Executive Officer from September 2023. Mr. Sabel co-founded Ven...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Sabel
Founder3yrsUS$39.10m0.047%
$ 18.1m
Robert Pender
Founder & Executive Co-Chairman of the Board3yrsUS$12.48m0.047%
$ 18.1m
Jonathan Thayer
Chief Financial Officer3yrsUS$9.08m0%
$ 0
Keith Larson
General Counsel & Secretary3yrsUS$8.58m0%
$ 0
Thomas Earl
Chief Commercial Officer1.7yrsUS$9.12m0%
$ 0
Brian Cothran
Chief Operating Officer1.7yrsno datano data
Sarah Blake
Senior VP & Chief Accounting Officer1.7yrsno datano data
Ngoni Murandu
Chief Information Officer1.7yrsno datano data
Michael Pasquarello
Senior Vice President of Investor Relationsno datano datano data
Fory Musser
Senior Vice President of Development1.7yrsno datano data
Leah Woodward
MD & Treasurer3yrsno datano data
Benjamin Nolan
Senior Vice President of Investor Relations of Venture Global LNGno datano datano data
1.7yrs
Average Tenure
53yo
Average Age

Experienced Management: VG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Michael Sabel
Founder3yrsUS$39.10m0.047%
$ 18.1m
Robert Pender
Founder & Executive Co-Chairman of the Board3yrsUS$12.48m0.047%
$ 18.1m
Jimmy Staton
Independent Director3yrsUS$465.00k0.043%
$ 16.6m
Thomas Reid
Independent Director3yrsUS$465.00k0.091%
$ 34.7m
Roderick Christie
Independent Director3yrsUS$465.00k0.063%
$ 23.9m
Sari Granat
Independent Director3yrsUS$465.00k0%
$ 0
Andrew Orekar
Independent Director3yrsUS$495.00k0.091%
$ 34.7m
3.0yrs
Average Tenure
62yo
Average Age

Experienced Board: VG's board of directors are considered experienced (3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 00:49
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Venture Global, Inc. is covered by 24 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sunaina OcalanBernstein
Robert BrackettBernstein
Jean Ann SalisburyBofA Global Research