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Venture Global (VG) Up 37.5% Since Last Earnings Report: Can It Continue?
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It has been about a month since the last earnings report for Venture Global (VG - Free Report) . Shares have added about 37.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Venture Global due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Venture Global Q4 Earnings Beat Estimates, Revenues Rise Y/Y
Venture Global recorded fourth-quarter 2025 earnings per share of 41 cents, which topped the Zacks Consensus Estimate of 35 cents. The bottom line improved from the year-ago quarter’s 33 cents.
Total quarterly revenues of $4.4 billion increased from $1.5 billion in the year-ago quarter. However, the top line missed the Zacks Consensus Estimate of $4.7 billion.
The strong quarterly earnings can be attributed to higher liquefied natural gas (LNG) sales volumes, primarily from the Plaquemines project. Lower LNG sales prices, net of feedgas cost at the Calcasieu project, partially offset the positives.
Operating Results
Income from operations totaled $1.72 billion compared with $594 million in the fourth quarter of 2024. This increase was primarily driven by higher LNG sales volumes at the Plaquemines project due to commissioning progress. It was partially offset by lower LNG sales prices after accounting for feedgas costs at the Calcasieu project following the commencement of LNG sales under its post-COD sales and purchase agreements.
Venture Global exported 128 cargoes in the fourth quarter, significantly higher than the 33 cargoes in the year-ago period. The total LNG volumes exported were 478 trillion British thermal units (TBtu), up from 128 TBtu in the year-ago quarter.
Adjusted EBITDA in the fourth quarter totaled $2 billion, up 191% from the year-ago level of $688 million due to higher LNG sales volumes following the Plaquemines project commissioning..
Costs & Expenses
The cost of sales in the quarter totaled $2.1 billion, up from the year-ago period’s $414 million. Operating and maintenance expenses increased to $261 million from $211 million in the fourth quarter of 2024.
Total operating expenses were $2.7 billion, up from $930 million in the December-end quarter of 2024.
Balance Sheet
As of Dec. 31, 2025, the partnership had $2.4 billion in cash and cash equivalents, and a net long-term debt of $33.4 billion.
Outlook
For 2026, the company projected adjusted EBITDA of $5.2-$5.8 billion. For the first quarter of 2026, the metric is expected to be $1.15-$1.25 billion. The LNG company anticipates exporting 145-156 cargoes from the Calcasieu Project. From the Plaquemines project, it expects to export 341-371 cargoes in the year.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -46.51% due to these changes.
VGM Scores
At this time, Venture Global has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Venture Global has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Venture Global is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Viper Energy Partners (VNOM - Free Report) , a stock from the same industry, has gained 4.9%. The company reported its results for the quarter ended December 2025 more than a month ago.
Viper Energy reported revenues of $435 million in the last reported quarter, representing a year-over-year change of +90.2%. EPS of $0.31 for the same period compares with $0.42 a year ago.
For the current quarter, Viper Energy is expected to post earnings of $0.38 per share, indicating a change of -29.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +21.2% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Viper Energy. Also, the stock has a VGM Score of D.
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Venture Global (VG) Up 37.5% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Venture Global (VG - Free Report) . Shares have added about 37.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Venture Global due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Venture Global Q4 Earnings Beat Estimates, Revenues Rise Y/Y
Venture Global recorded fourth-quarter 2025 earnings per share of 41 cents, which topped the Zacks Consensus Estimate of 35 cents. The bottom line improved from the year-ago quarter’s 33 cents.
Total quarterly revenues of $4.4 billion increased from $1.5 billion in the year-ago quarter. However, the top line missed the Zacks Consensus Estimate of $4.7 billion.
The strong quarterly earnings can be attributed to higher liquefied natural gas (LNG) sales volumes, primarily from the Plaquemines project. Lower LNG sales prices, net of feedgas cost at the Calcasieu project, partially offset the positives.
Operating Results
Income from operations totaled $1.72 billion compared with $594 million in the fourth quarter of 2024. This increase was primarily driven by higher LNG sales volumes at the Plaquemines project due to commissioning progress. It was partially offset by lower LNG sales prices after accounting for feedgas costs at the Calcasieu project following the commencement of LNG sales under its post-COD sales and purchase agreements.
Venture Global exported 128 cargoes in the fourth quarter, significantly higher than the 33 cargoes in the year-ago period. The total LNG volumes exported were 478 trillion British thermal units (TBtu), up from 128 TBtu in the year-ago quarter.
Adjusted EBITDA in the fourth quarter totaled $2 billion, up 191% from the year-ago level of $688 million due to higher LNG sales volumes following the Plaquemines project commissioning..
Costs & Expenses
The cost of sales in the quarter totaled $2.1 billion, up from the year-ago period’s $414 million. Operating and maintenance expenses increased to $261 million from $211 million in the fourth quarter of 2024.
Total operating expenses were $2.7 billion, up from $930 million in the December-end quarter of 2024.
Balance Sheet
As of Dec. 31, 2025, the partnership had $2.4 billion in cash and cash equivalents, and a net long-term debt of $33.4 billion.
Outlook
For 2026, the company projected adjusted EBITDA of $5.2-$5.8 billion. For the first quarter of 2026, the metric is expected to be $1.15-$1.25 billion. The LNG company anticipates exporting 145-156 cargoes from the Calcasieu Project. From the Plaquemines project, it expects to export 341-371 cargoes in the year.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -46.51% due to these changes.
VGM Scores
At this time, Venture Global has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Venture Global has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Venture Global is part of the Zacks Oil and Gas - Exploration and Production - United States industry. Over the past month, Viper Energy Partners (VNOM - Free Report) , a stock from the same industry, has gained 4.9%. The company reported its results for the quarter ended December 2025 more than a month ago.
Viper Energy reported revenues of $435 million in the last reported quarter, representing a year-over-year change of +90.2%. EPS of $0.31 for the same period compares with $0.42 a year ago.
For the current quarter, Viper Energy is expected to post earnings of $0.38 per share, indicating a change of -29.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +21.2% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Viper Energy. Also, the stock has a VGM Score of D.