Venture Global, Inc. (NYSE: VG) reported fourth-quarter adjusted earnings that exceeded analyst expectations as the liquefied natural gas exporter significantly increased production volumes, sending shares up more than 16% intra-day Monday.
The company posted adjusted earnings per share of $0.41, surpassing the consensus estimate of $0.35.
Quarterly revenue totaled $4.45 billion, in line with analyst expectations and representing a 192% increase from $1.52 billion in the same period last year.
During the quarter, Venture Global exported 128 cargoes and sold 478 trillion British thermal units (TBtu) of LNG, marking a 275% increase from the fourth quarter of 2024.
For full-year 2025, the company generated revenue of $13.8 billion, up 177% year over year, and consolidated adjusted EBITDA of $6.3 billion, a 198% increase compared with the prior year.
For 2026, Venture Global provided consolidated adjusted EBITDA guidance of $5.20 billion to $5.80 billion, with a midpoint of $5.50 billion.
First-quarter 2026 consolidated adjusted EBITDA is expected to range between $1.15 billion and $1.25 billion, reflecting impacts from Winter Storm Fern and margin compression. The company expects to export between 486 and 527 cargoes in 2026 from its combined facilities.
