Venture Global, Inc.
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Range $13 – $22
Price Chart
About the company
Venture Global, Inc. , a liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U. S.
- CEO
- Michael A. Sabel
- IPO
- 2025
- Employees
- 2,000
- HQ
- Arlington, VA, US
AI snapshot
Six angles, distilled from the data.
The stock is in a recovery regime after a deep prior drawdown, trading above its 200-day average but still below its 50-day average. It sits well off the 52-week high, so the setup is constructive but not fully repaired; shareholders should watch whether the rebound can broaden beyond a short-term bounce.
Street sentiment is positive but not euphoric: consensus is Buy, with 18 Buy, 12 Hold, and 1 Sell ratings. The target cluster has drifted higher, with a $16.13 consensus and a $15.50 median, while recent calls mostly held or nudged targets upward into the mid-teens.
The next print comes after a mixed but improving beat pattern, with 3 beats in the last 7 quarters and the two most recent reports both ahead of estimates. Next-year EPS is still modeled lower at 0.9974 versus a 1.32 TTM run rate, so investors should watch whether execution can hold up against that reset.
The pattern is net selling, led by multiple discretionary sales from the CFO and General Counsel, which outweigh the automatic M-Exempt award/vesting entries. That mix points to real insider distribution rather than routine noise, and shareholders should watch whether selling continues after the recent cluster.
Profitability is strong, with a 46.9% gross margin, 47.79% operating margin, and 22.05% net margin. Growth is also sharp, with revenue up 47.6% year over year and EPS growth of 264.3%, but leverage remains heavy at $34.9 billion of debt against $2.355 billion of cash.
VG screens like a high-margin LNG operator with stronger profitability than many capital-intensive energy peers, but its balance sheet is more leveraged than the cleaner midstream names. At about 10.34x earnings, it trades at a discount to the broader growth narrative while the market waits for steadier cash conversion.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $32.84B
- P/E
- 9.89
- Fwd P/E
- 7.93
- PEG
- 0.03
- P/S
- 1.94
- P/B
- 3.91
- EV/EBITDA
- 9.93
- Div Yield
- 0.69%
- Gross Margin
- 47.83%
- Op Margin
- 37.70%
- Net Margin
- 21.52%
- ROE
- 46.30%
- ROIC
- 9.07%
Latest fiscal year · YoY change
- Revenue
- $13.77B+176.9%
- Gross Profit
- $6.79B+105.8%
- Op Income
- $5.03B
- Net Income
- $2.70B+74.8%
- EPS
- $0.93+52.5%
- OCF Growth
- +205.5%
- FCF Growth
- +41.2%
- 52W High
- $17.62
- 52W Low
- $5.72
- 50D MA
- $13.85
- 200D MA
- $12.05
- Beta
- 0.22
- RSI (14)
- 48
- Avg Volume
- 14.69M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Venture Global posted record Q2 EBITDA on higher volumes and prices, raised full-year EBITDA guidance, and increased its dividend while highlighting strong project execution at CP2 and Plaquemines.· August 11, 2026
- Q2 consolidated adjusted EBITDA hit a record $2.5 billion, up 79% year over year, with EBITDA margin at 54%.
- Revenue rose to $4.6 billion, up 48% year over year, while net income climbed to $1.3 billion, up 266%.
- Management lifted 2026 EBITDA guidance to $8.7 billion-$9.1 billion from $8.2 billion-$8.5 billion, citing production strength and LNG market volatility.
- The board approved a 122% dividend increase to $0.04 per share, and management also discussed future share repurchases.
- Commercial momentum remained strong, with more than 2 MTPA of new or increased offtake agreements signed and contracted volume rising to over 91% of the portfolio.
Second-quarter 2026 revenue was $4.6 billion, up $1.5 billion or 48% from $3.1 billion a year ago. Income from operations was $2.2 billion, up $1.2 billion or 111%; net income attributable to common stockholders was $1.3 billion, up $979 million or 266%; and consolidated adjusted EBITDA was $2.5 billion, up $1.1 billion or 79%. EBITDA margin was 54%. Volumes were 466 TBtu in Q2 2026 versus 329 TBtu in Q2 2025, and the company exported 127 cargoes in the quarter. For 2026, Venture Global raised EBITDA guidance to $8.7 billion-$9.1 billion from $8.2 billion-$8.5 billion; the range assumes a current market liquefaction fee of $12.50 to $13.50 per MMBtu for cargoes remaining to be sold this year. Management said a $1 per MMBtu change in fixed liquefaction fees for the rest of 2026 would move EBITDA by $180 million to $210 million. The company also said it expects 2027 EBITDA sensitivity to be $650 million-$700 million per $1 per MMBtu, and noted it is now over 91% contracted for 2026. The quarterly common dividend was increased to $0.04 per share, up 122%.
Mike Sabel emphasized that the quarter reflected operational execution, with the company producing at the high end of its expected range despite maintenance activity and summer heat. He stressed that the facility design gives Venture Global redundancy and flexibility, which helped support production and the guidance raise. Strategically, he framed the business as a portfolio of long-, medium- and shorter-term contracting opportunities that captures option value and supports future cash flow growth.
Jack Thayer walked through the financial improvement: revenue of $4.6 billion, operating income of $2.2 billion, net income of $1.3 billion, and adjusted EBITDA of $2.5 billion, with EBITDA margin at 54%. He said $5.3 billion of refinancing activity since the last earnings call should save more than $100 million in annual interest and preferred coupon costs, and noted that through July the company repaid $1.4 billion of debt, including about $1.3 billion of the CP2 bridge loan. He also tied the higher dividend to cash generation, a growing asset base, and a capital allocation framework that includes expansion funding, deleveraging, dividend growth and possible buybacks.
Analysts focused on why guidance moved up so sharply, how LNG price volatility affects 2027 and beyond, and what the company’s optimal contract mix should look like. Management said the higher 2026 outlook mainly reflects strong operational performance, maintenance execution, and market assumptions, while pointing to $650 million-$700 million of EBITDA sensitivity in 2027 for each $1 per MMBtu change in liquefaction fees. They also said contracting activity remains steady, with more interest in shorter-term deals, and that the company plans to largely contract excess capacity on a multiyear basis while keeping flexibility for higher-return medium-term volumes.
The call showed stronger-than-expected operating leverage: record EBITDA, higher volumes, and a wide margin of free cash flow potential as new capacity comes online. Management sounded confident that CP2 and Plaquemines are progressing well, that contracted volume is already high, and that the contracting portfolio can support both investment-grade credit goals and higher returns over time.
The main risks discussed were LNG price volatility, especially tied to Middle East disruptions, and the fact that guidance remains a broad range until more of the year is contracted. Execution risk also remains on very large projects like CP2 and Plaquemines, and management acknowledged that arbitration related to Calcasieu Pass is still unresolved and could take time to work through.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 20.6%
- Shares Outstanding
- 2.44B
- Float Shares
- 502.67M
of shares held by institutions
389 13F filers
Buy/sell ratio 0.46. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for VG, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Maria Elvira SalazarHouse · FL27 | Buy | Mar 19, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Allianz Asset Management Gmbh | 172.26M | ▼ 79.05M |
| Vanguard Group Inc | 22.27M | ▼ 591.58K |
| Vanguard Portfolio Management LLC | 16.19M | ▲ 7.04M |
| D. E. Shaw & Co., Inc. | 15.64M | ▲ 2.23M |
| Vanguard Capital Management LLC | 14.36M | ▲ 5.04M |
| Blackstone Inc. | 14.29M | ▲ 14.09M |
| Tcw Group Inc | 14.24M | ▲ 10.73M |
| Blackrock, Inc. | 13.88M | ▲ 1.35M |
| Goldman Sachs Group Inc | 11.13M | ▲ 5.51M |
| Tortoise Capital Advisors, L.L.C. | 9.56M | ▲ 9.56M |
| State Street Corp | 9.03M | ▼ 384.62K |
| Geode Capital Management, LLC | 6.11M | ▲ 841.64K |
Held by 211 ETFs
Biggest fund positions in VG by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 17, 26 | Thayer Jonathan W | other | 111,111 |
| Sep 18, 26 | Thayer Jonathan W | other | 111,111 |
| Sep 18, 26 | Thayer Jonathan W | other | 111,111 |
| Sep 18, 26 | Thayer Jonathan W | sell | 111,111 |
| Sep 17, 26 | Thayer Jonathan W | sell | 111,111 |
| Sep 16, 26 | Larson Keith D | other | 155,692 |
| Sep 17, 26 | Larson Keith D | other | 394,979 |
| Sep 17, 26 | Larson Keith D | other | 394,979 |
| Sep 16, 26 | Larson Keith D | other | 239,287 |
| Sep 16, 26 | Larson Keith D | other | 155,692 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our VG coverage
Recent articles, reports, and earnings notes.

Venture Global (VG): LNG Growth Meets Heavy Leverage
Venture Global combines rapid revenue growth, a large contracted backlog, and rising EBITDA guidance with a still-heavy debt load. The stock looks attractive for medium-term investors if Plaquemines and CP2 stay on schedule.

Venture Global’s rally is missing the most important number in the Q2 update
Venture Global’s operating update looked strong on volume, and that is exactly why the market may be missing the more important signal. Q2 sold 466.4 TBtu, but the implied fixed liquefaction fee of $6.45/MMBtu came in well below the richer economics many bulls were leaning on.

LNG Stocks That Capture Global Growth: 7 Picks for September 2026
A countdown of seven LNG stocks spans liquefaction, floating regasification, gas-to-power infrastructure, shipping and export development, with varied fundamentals and risk.
Want a deeper read on VG?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
Can Strong Global LNG Demand Drive More Upside for Venture Global?
zacks.com · Oct 5
ConocoPhillips Signs Long-Term LNG Supply Deal With Venture Global
zacks.com · Oct 5
LNG Shipments Through Hormuz Just Hit a 7-Month High. Why the Global Energy Crisis Is Far From Over.
247wallst.com · Oct 3
Venture Global asks federal regulators to place in service its Plaquemines LNG plant
reuters.com · Oct 1
ConocoPhillips signs 20-year LNG deal with Venture Global
reuters.com · Oct 1
Venture Global and ConocoPhillips Announce 20-Year LNG Sales and Purchase Agreement
businesswire.com · Oct 1
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zacks.com · Sep 28
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 4, 2026 · Live quote · Not investment advice