Live News • Jun 19
Venture Global Stock: LNG Contracts Expand Sales Visibility in Europe and Greece Venture Global and Atlantic-SEE LNG Trade doubled their long-term LNG sales and purchase agreement to 1.0 million metric tons per annum over 20 years starting in 2030, supported by regasification capacity at Greece's Alexandroupolis LNG terminal.
The expanded Greek contract represents the country’s first long-term LNG supply agreement with a U.S. exporter and is tied into the Vertical Corridor infrastructure that is intended to support energy security in Central and Eastern Europe.
Venture Global and German utility EnBW signed new binding LNG purchase agreements for about 0.82 million tonnes per annum over five years from 2026, adding to existing 20-year agreements for 2 MTPA.
These new and expanded European LNG contracts increase Venture Global’s contracted volumes and lengthen visibility on future sales across multiple counterparties and regions.
Investors may want to watch how the company executes on project delivery, shipping capacity and regulatory requirements, since long-term LNG contracts can carry operational and counterparty risks over many years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$11.05, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 39% over the past year. Recent Insider Transactions Derivative • Jun 16
General Counsel & Secretary notifies of intention to sell stock Keith Larson intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 15th of June. If the sale is conducted around the recent share price of US$13.08, it would amount to US$15m. Company insiders have collectively sold US$281m more than they bought, via options and on-market transactions in the last 12 months. Live News • Jun 11
Venture Global Lifts 2026 EBITDA Outlook on Strong LNG Sales and Contracted Growth Venture Global reported first-quarter 2026 earnings and revenue above estimates, supported by higher LNG sales volumes as commissioning progressed at its Plaquemines Project.
The company raised its full-year 2026 consolidated adjusted EBITDA guidance to a range of US$8.2b to US$8.5b, linked to expectations for additional cargo exports from both Calcasieu and Plaquemines.
Venture Global is pursuing a rapid buildout of LNG capacity, targeting more than a doubling of production in 4 to 5 years. About 70% of volumes are tied to long-term offtake contracts, with the remainder more exposed to spot pricing.
The combination of higher guidance and an expanding contracted LNG base highlights how Venture Global is leaning into global LNG demand while keeping a large portion of future volumes on long-term agreements for cash flow visibility.
At the same time, the company’s sizable balance sheet, reliance on timely regulatory approvals and construction milestones, and greater exposure to shorter-term pricing than some peers leave execution and financing risks that you need to factor into any view on the stock. Declared Dividend • Jun 05
First quarter dividend of US$0.018 announced Shareholders will receive a dividend of US$0.018. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.5%. Announcement • Jun 03
Venture Global, Inc. Announces Cash Dividend, Payable on June 30, 2026 Venture Global, Inc. has announced that its board of directors declared a cash dividend of $0.018 per share on its Class A common stock and Class B common stock. The dividend is payable on June 30, 2026, to shareholders of record as of the close of business on June 15, 2026. Live News • Jun 03
Venture Global Sets Pricing on US$2.25b Notes to Replace 2028 Debt Venture Global, Inc. has priced a private offering of US$2.25 billion in senior secured notes, with maturities in 2034 and 2036.
The company plans to use the proceeds to redeem all outstanding 8.125% senior secured notes due 2028, including redemption premiums and related fees.
The new notes are secured by the same collateral package as the existing notes and the revolving credit facility and are initially not guaranteed by any subsidiaries, with the offering expected to close on June 11, 2026, subject to customary conditions.
This refinancing shifts Venture Global’s debt profile further out on the maturity curve and replaces the 2028 notes with longer-dated instruments tied to the same collateral base.
Investors may want to pay attention to the final terms of the 2034 and 2036 notes, including coupon levels and covenant structure, as well as any future decision to add subsidiary guarantees. Recent Insider Transactions Derivative • May 17
Senior Vice President of Development exercised options and sold US$25m worth of stock On the 14th of May, Fory Musser exercised 2m options at a strike price of around US$0.79 and sold these shares for an average price of US$13.09 per share. This trade did not impact their existing holding. As of today, Fory currently holds no shares directly. Company insiders have collectively sold US$252m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 13
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.21 (up from US$0.17 in 1Q 2025). Revenue: US$4.60b (up 59% from 1Q 2025). Net income: US$530.0m (up 34% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 40%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$11.45, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Oil and Gas industry in the US. Total returns to shareholders of 16% over the past year. Recent Insider Transactions Derivative • Apr 17
General Counsel & Secretary notifies of intention to sell stock Keith Larson intends to sell 1m shares in the next 90 days after lodging an Intent To Sell Form on the 15th of April. If the sale is conducted around the recent share price of US$12.51, it would amount to US$14m. Company insiders have collectively sold US$198m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 14
Venture Global, Inc. to Report Q1, 2026 Results on May 12, 2026 Venture Global, Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$12.97, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Oil and Gas industry in the US. Total returns to shareholders of 55% over the past year. Announcement • Apr 10
Venture Global, Inc., Annual General Meeting, May 27, 2026 Venture Global, Inc., Annual General Meeting, May 27, 2026. Price Target Changed • Mar 23
Price target increased by 12% to US$13.16 Up from US$11.79, the current price target is an average from 19 analysts. New target price is 17% below last closing price of US$15.80. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$1.12 for next year compared to US$0.93 last year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$15.81, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Oil and Gas industry in the US. Total returns to shareholders of 38% over the past year. New Risk • Mar 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Major Estimate Revision • Mar 20
Consensus EPS estimates increase by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$15.4b to US$16.5b. EPS estimate increased from US$0.83 to US$1.12 per share. Net income forecast to grow 40% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$11.63 to US$12.42. Share price rose 21% to US$15.81 over the past week. Price Target Changed • Mar 13
Price target increased by 8.3% to US$11.79 Up from US$10.89, the current price target is an average from 19 analysts. New target price is 7.7% below last closing price of US$12.77. Stock is up 32% over the past year. The company is forecast to post earnings per share of US$0.80 for next year compared to US$0.93 last year. Recent Insider Transactions Derivative • Mar 10
Chief Commercial Officer exercised options and sold US$11m worth of stock On the 9th of March, Thomas Earl exercised 1m options at a strike price of around US$0.79 and sold these shares for an average price of US$11.83 per share. This trade did not impact their existing holding. Company insiders have collectively sold US$39m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to US$12.48, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Oil and Gas industry in the US. Total returns to shareholders of 36% over the past year. Declared Dividend • Mar 06
Fourth quarter dividend increased to US$0.018 Dividend of US$0.018 is 9.1% higher than last year. Ex-date: 16th March 2026 Payment date: 31st March 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.5%. Announcement • Mar 04
Venture Global, Inc. Announces Cash Dividend, Payable on March 31, 2026 Venture Global, Inc. has announced that its board of directors declared a cash dividend of $0.018 per share on its Class A common stock and Class B common stock. The dividend is payable on March 31, 2026, to shareholders of record as of the close of business on March 16, 2026. Reported Earnings • Mar 03
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$1.00 (up from US$0.63 in FY 2024). Revenue: US$13.8b (up 177% from FY 2024). Net income: US$2.43b (up 65% from FY 2024). Profit margin: 18% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). High level of non-cash earnings (24% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • Feb 04
Venture Global, Inc. to Report Q4, 2025 Results on Mar 02, 2026 Venture Global, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 02, 2026 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$7.92, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$7.03, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Oil and Gas industry in the US. Recent Insider Transactions Derivative • Dec 10
Chief Commercial Officer exercised options and sold US$6.1m worth of stock On the 5th of December, Thomas Earl exercised 1m options at a strike price of around US$0.79 and sold these shares for an average price of US$6.89 per share. This trade did not impact their existing holding. Since March 2025, Thomas has not owned shares directly. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.017 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.0%). Announcement • Dec 02
Venture Global, Inc. Announces Cash Dividend, Payable on December 31, 2025 Venture Global, Inc. has announced that its board of directors declared a cash dividend of $0.017 per share on its Class A common stock and Class B common stock. The dividend is payable on December 31, 2025, to shareholders of record as of the close of business on December 15, 2025. Announcement • Nov 19
Venture Global, Inc. Files Federal Energy Regulatory Commission Application for Permitting and Approval of Plaquemines LNG Brownfield Expansion Project Venture Global, Inc. filed with the Federal Energy Regulatory Commission (FERC) its application for the permitting and approval of the Plaquemines LNG brownfield expansion project. In addition, Venture Global has filed with the U.S. Department of Energy (DOE) for the export authorizations associated with this expansion. The Plaquemines Expansion was announced earlier this year with U.S. Secretary of Energy Chris Wright, U.S. Secretary of the Interior Doug Burgum, and Louisiana Governor Jeff Landry. Venture Global has since increased the expected output from this project by nearly 40% from the previously announced plans due to the continued optimization of liquefaction trains and strong market demand. This bolt-on expansion will be built incrementally in three phases and consist of 32 modular liquefaction trains, adding in total over 30.0MTPA in peak production capacity. This will bring the total peak production capacity across the entire Plaquemines complex to over 58.0MTPA. As previously stated, the commercial operations timelines for Phase I and Phase II remain unchanged. Recent Insider Transactions Derivative • Nov 14
General Counsel & Secretary notifies of intention to sell stock Keith Larson intends to sell 222k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of November. If the sale is conducted around the recent share price of US$8.16, it would amount to US$1.8m. Since March 2025, Keith has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$916k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 11
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.20 (up from US$639 loss in 3Q 2024). Revenue: US$3.33b (up 260% from 3Q 2024). Net income: US$483.0m (up US$815.0m from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 9.7% per year for the foreseeable future. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$7.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Oil and Gas industry in the US. Announcement • Oct 22
Venture Global Receives CP2 Final Approval from Department of Energy The U.S. Department of Energy issued the final non-FTA export authorization for Venture Global’s CP2 facility in Cameron Parish, Louisiana. Announcement • Oct 18
Venture Global, Inc. to Report Q3, 2025 Results on Nov 10, 2025 Venture Global, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 10, 2025 Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to US$9.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Oil and Gas industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$16.89 per share. Buy Or Sell Opportunity • Oct 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to US$13.78. The fair value is estimated to be US$18.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has declined by 100%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period. Recent Insider Transactions Derivative • Sep 17
Chief Commercial Officer exercised options and sold US$13m worth of stock On the 12th of September, Thomas Earl exercised 1m options at a strike price of around US$0.79 and sold these shares for an average price of US$13.72 per share. This trade did not impact their existing holding. Since March 2025, Thomas has not owned shares directly. Company insiders have collectively bought US$5.5m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Sep 12
Venture Global, Inc. Announces Cash Dividend on Outstanding Class A Common Stock and Outstanding Class B Common Stock, Payable on September 30, 2025 The Venture Global, Inc. board of directors determined that the per share amount of its previously declared cash dividend shall be $0.017 per share, payable on September 30, 2025 to holders of its outstanding Class A common stock and outstanding Class B common stock, and that the record date shall be the close of business on September 19, 2025. Recent Insider Transactions Derivative • Aug 22
General Counsel & Secretary notifies of intention to sell stock Keith Larson intends to sell 94k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of August. If the sale is conducted around the recent share price of US$13.01, it would amount to US$1.2m. Since March 2025, Keith has not owned shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively bought US$24m more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Aug 19
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$14.0b to US$14.3b. EPS estimate fell from US$1.15 to US$1.01 per share. Net income forecast to grow 113% next year vs 18% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$16.86. Share price was steady at US$12.25 over the past week. Reported Earnings • Aug 13
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.15 (up from US$639 loss in 2Q 2024). Revenue: US$3.10b (up 235% from 2Q 2024). Net income: US$368.0m (up US$700.0m from 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$12.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Oil and Gas industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$23.57 per share. Announcement • Aug 05
Venture Global Calcasieu Pass Receives Uprate Approval from U.S. Department of Energy Venture Global, Inc. received approval from the U.S. Department of Energy (DOE) for an uprate amendment to its Calcasieu Pass LNG project. The uprate approval increases Calcasieu Pass’ permitted peak liquefaction capacity from 12.0 million tonnes per annum (MTPA) to 12.4 MTPA. Calcasieu Pass, Venture Global’s first project, reached first LNG production in 2022 and began commercial operations in April 2025. The company’s second facility, Plaquemines LNG, began LNG production in December 2024. Venture Global’s third project, CP2, received DOE export authorization and FERC approval in March 2025 and May 2025, respectively, signed long-term sales and purchase agreements for all of Phase One, and commenced site work on the project. Announcement • Jul 17
Venture Global, Inc. to Report Q2, 2025 Results on Aug 13, 2025 Venture Global, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 13, 2025 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$17.88, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Oil and Gas industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$30.34 per share. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$15.69, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Oil and Gas industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$23.73 per share. Buy Or Sell Opportunity • Jun 24
Now 30% undervalued Over the last 90 days, the stock has risen 47% to US$16.54. The fair value is estimated to be US$23.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last year. Earnings per share has declined by 100%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Announcement • Jun 03
Venture Global Launches Site Work At CP2 LNG Following Federal Approval Venture Global, Inc. announced that it has initiated full mobilization and started site work at the company's third LNG export facility, CP2 LNG. The launch of the site work comes shortly after CP2 received final approval and Notices to Proceed from the Federal Energy Regulatory Commission (FERC) on the Project, and weeks after receiving its non-FTA export authorization from the U.S. Department of Energy. CP2 begins on-site work in Cameron Parish, La. CP2 is a strategically important project that is expected to provide U.S. LNG to customers in Europe, Japan and other allies around the world. The Project is expected to support approximately 3,000 new jobs in Louisiana - 400 of which will be direct, permanent employees of CP2 - and pay more than $4 billion in local property taxes during its operation. At peak construction, CP2 is expected to employ approximately 7,500 direct construction jobs and support tens of thousands of indirect subcontractor, part-time and full-time jobs in over 30 states. Building off Venture Global's "design one, build many" modularized LNG facility strategy, CP2 is already well advanced in engineering, procurement and contracting. Separate from the site work commencing now, the Project already has significant off-site work underway on the Project modules and equipment. This significant engineering and off-site progress now positions CP2 as one of the most advanced LNG export projects under development in the United States and believe, once completed, will position Venture Global to become the top export of U.S. LNG. Announcement • May 30
Venture Global, Inc. Announces Cash Dividend, Payable on June 30, 2025 The Venture Global, Inc. declared cash dividend shall be $0.0165 per share, or approximately $40 million in the aggregate, payable on June 30, 2025 to holders of its outstanding Class A common stock and outstanding Class B common stock, and that the record date shall be the close of business on June 10, 2025. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$12.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Oil and Gas industry in the US. Simply Wall St's valuation model estimates the intrinsic value at US$7.07 per share. New Risk • May 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 19% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). High level of non-cash earnings (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$9.91, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Oil and Gas industry in the US. Announcement • Apr 17
Venture Global, Inc. to Report Q1, 2025 Results on May 13, 2025 Venture Global, Inc. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Announcement • Apr 15
Venture Global Commences Commercial Operations at Calcasieu Pass Venture Global announced the commercial operation date for its inaugural LNG export project - Calcasieu Pass - and the commencement of the sale of low-cost, U.S. LNG to the project's long-term customers. Calcasieu Pass has reached this milestone in just 68 months from the final investment decision on the project, making it among the fastest greenfield LNG projects completed. The project's multi-billion-dollar contracts will have a significant positive impact on the US balance of trade with several European allies. Due to its innovative, first-of-its kind configuration consisting of many mid-scale, modular liquefaction trains and process facilities that are delivered and installed sequentially, as well as Venture Global's owner-led approach to construction, the project was able to overcome significant unforeseen challenges, including a global pandemic, two hurricanes, and a force majeure event that arose due to major manufacturing issues with the facility's power island. Having completed a multi-year rectification and remediation of key components of the facility that underpin the redundancy features inherent in the project's design, Calcasieu Pass is now ready to operate safely and reliably. Major Estimate Revision • Apr 06
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$1.17 to US$1.36. Revenue forecast steady at US$13.8b. Net income forecast to grow 103% next year vs 11% growth forecast for Oil and Gas industry in the US. Consensus price target of US$15.12 unchanged from last update. Share price fell 25% to US$7.48 over the past week. Announcement • Apr 05
Venture Global, Inc., Annual General Meeting, May 21, 2025 Venture Global, Inc., Annual General Meeting, May 21, 2025. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$8.98, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Oil and Gas industry in the US. Announcement • Mar 25
Venture Global, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit Robbins Geller Rudman & Dowd LLP announced that purchasers of Venture Global, Inc. stock pursuant and/or traceable to Venture Global's registration statement issued in connection with Venture Global's initial public offering (IPO) held between January 24 and 27, 2025 and were damaged thereby, have until Friday, April 18, 2025 to seek appointment as lead plaintiff of the Venture Globalclass action lawsuit. Captioned Bowes v. Venture Global, Inc., No. 25-cv-01364 (S.D.N.Y.), the Venture Globalclass action lawsuit charges Venture Global as well as certain of Venture Global's top executives and directors with violations of the Securities Act of 1933. CASE ALLEGATIONS: Venture Global engages in the commissioning, constructing, and developing of natural gas liquefaction and export projects. In its IPO, Venture Global sold 70 million shares at $24.00 per share. The Venture Globalclass action lawsuit alleges that the IPO's offering documents were materially false and/or misleading and/or failed to disclose information concerning Venture Global's repeated confidence in Venture Global's ability to utilize its approach to deliver liquefied nature gas (LNG) to the world. The Venture Global class action lawsuit further alleges that, on February 5, 2025, TotalEnergies CEO, Patrick Pouyanne, stated that he was approached by Venture Global to see if TotalEnergies would be interested in a long-term supply contract for LNG from the Calcasieu Pass terminal in Louisiana, but he rejected the offer "because of what they are doing. Pouyanne also cited a lack of trust with respect to Venture Global, according to the complaint. On this news, Venture Global's stock price declined, according to the Venture Global class action lawsuit. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Venture Global stock pursuant and/or traceable to the registration statement issued in connection with the IPO to seek appointment as lead plaintiff in the Venture Globalclass action lawsuit. A lead plaintiff is generally the movant with the greater financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Venture Globalclass action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Venture Globalclass action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Venture Globalclass action lawsuit. Announcement • Mar 20
Venture Global Receives Non-FTA Export Authorization for CP2 LNG from the U.S. Department of Energy Venture Global received approval from the U.S. Department of Energy to export liquefied natural gas (LNG) to non-FTA countries for its third project, CP2 LNG, located in Cameron Parish, Louisiana. Earlier this month, Venture Global announced that it has launched the FID process for CP2 LNG. To date, the initial phase of CP2 LNG has been sold through 20-year sales and purchase agreements with ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE and EnBW. Venture Global is in active discussions for the remaining capacity and has launched significant off site construction of the project while it has awaited project authorizations from U.S. regulators. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.71, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Oil and Gas industry in the US. Recent Insider Transactions • Mar 14
Key Executive recently bought US$2.8m worth of stock On the 12th of March, Robert Pender bought around 270k shares on-market at roughly US$10.39 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of US$5.2m worth in shares. Reported Earnings • Mar 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$0.63 (down from US$7,613 in FY 2023). Revenue: US$4.97b (down 37% from FY 2023). Net income: US$1.48b (down 58% from FY 2023). Profit margin: 30% (down from 44% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Announcement • Mar 01
Venture Global, Inc. Announces Declares Cash Dividend, Payable on March 31, 2025 The Venture Global, Inc. board of directors determined that the per share amount of its previously declared cash dividend shall be $0.0165 per share, or approximately $40 million in the aggregate, payable on March 31, 2025 to holders of its outstanding Class A common stock and outstanding Class B common stock, and that the record date shall be the close of business on March 10, 2025. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$14.11, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Oil and Gas industry in the US. Announcement • Feb 19
Kirby McInerney LLP Announces the Filing of Securities Class Action on Behalf of Venture Global, Inc. Investors The law firm of Kirby McInerney LLP announced that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Venture Global, Inc.: common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s January 2025 initial public offering (IPO). Investors have until April 18, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that defendants, throughout the Class Period, failed to account for and address these issues which caused statements in Venture’s registration statements to be false and/or materially misleading at the time of the IPO. Announcement • Feb 15
Venture Global, Inc. to Report Q4, 2024 Results on Mar 06, 2025 Venture Global, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 06, 2025 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$17.54, the stock trades at a trailing P/E ratio of 69.2x. Average trailing P/E is 11x in the Oil and Gas industry in the US. Announcement • Jan 24
Venture Global, Inc. has completed an IPO in the amount of $1.75 billion. Venture Global, Inc. has completed an IPO in the amount of $1.75 billion.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: $25 Board Change • Jan 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Founder & Executive Co-Chairman of the Board Bob Pender is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.