Venture Global Q2 revenue rises but misses estimates

Venture Global

11/08/2026 11:40

Overview
U.S. LNG exporter reported Q2 revenue up 48% yr/yr, missing analyst expectations
Q2 adjusted EBITDA rose 79% yr/yr and met analyst consensus
Net income for Q2 surged 266% yr/yr, driven by higher LNG sales volumes and prices

Outlook
Venture Global raises 2026 Consolidated Adjusted EBITDA guidance to $8.7-$9.1 bln
Company expects to export 149-154 cargos from Calcasieu Pass, 351-364 from Plaquemines in 2026
Company reaffirms Plaquemines Project Phase 1 COD in Q4 2026

Result Drivers
HIGHER LNG SALES VOLUMES - Co said increases in net income and adjusted EBITDA were primarily driven by higher LNG sales volumes, predominantly from Plaquemines as a result of commissioning progress
HIGHER LNG SALES PRICES - Co attributed profit growth to higher LNG sales prices net of feed gas costs due to higher implied liquefaction fees for LNG sold under commissioning sales agreements
CALCASIEU PASS OPERATIONS - Co said Calcasieu Pass produced 37 cargos in Q2, surpassing SPA obligations despite major scheduled maintenance, citing its modular approach as a strategic advantage

Company press release: ID:nBw1LXfmja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$4.6 bln
$4.66 bln (8 Analysts)
Q2 Net Income
 
$1.3 bln
 
Q2 Adjusted EBITDA
Meet
$2.5 bln
$2.50 bln (14 Analysts)
Q2 Income from Operation
 
$2.2 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 1 "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 $16.00, about 12.2% above its August 10 closing price of $14.26
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 11 - Venture Global lifts 2026 core profit forecast for second straight quarter
Aug 10 - Dutch, British gas prices rise more than 10% as Iran links Hormuz reopening to US concessions
Aug 10 - Natural Gas Services Q2 adjusted core profit beats; 2026 outlook lifted

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.)