LNG exporter Venture Global's Q3 revenue beats on higher volumes and prices

Venture Global

Tue 11:39

Overview
US LNG exporter reported Q3 revenue up 43% yr/yr, beating analyst expectations
Q3 adjusted EBITDA rose 69% yr/yr, beating analyst expectations
Net income for Q3 surged 493% yr/yr, driven by higher LNG sales volumes and prices

Outlook
Venture Global raises FY 2026 Consolidated Adjusted EBITDA guidance to $10.0-$10.3 bln
Company expects to export 509-518 LNG cargos in 2026
Company assumes liquefaction fee of $21-$22/MMBtu for unsold 2026 cargos

Result Drivers
LNG SALES VOLUMES AND PRICES - Co said higher LNG sales volumes, mainly from Plaquemines Project commissioning, and higher LNG sales prices net of feed gas costs drove results
EXPORT VOLUME GROWTH - Q3 LNG cargos exported rose 25% yr/yr, contributing to revenue and earnings gains
PLAQUEMINES PROJECT RAMP-UP - Start of commercial operations at Plaquemines Phase 1 contributed to higher LNG volumes

Company press release: ID:nBw2FGmgya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$4.8 bln
$4.69 bln (7 Analysts)
Q3 Net Income
 
$2.5 bln
 
Q3 Adjusted EBITDA
Beat
$2.6 bln
$2.53 bln (14 Analysts)
Q3 Income from Operation
 
$2.3 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas exploration and production peer group is "buy"
Wall Street's median 12-month price target for Venture Global, Inc. is $16.50, about 39.8% above its November 9 closing price of $11.80
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Nov 9 - US LNG feedgas demand hits record 20.4 bcfd as export plants near full capacity
Nov 10 - ADNOC Gas studying potential new export routes amid Hormuz disruption
Nov 9 - Constellation Energy Q3 adjusted EPS beats estimates on Calpine acquisition impact

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)