Venture Global Logs Record 478 TBtu Exports, Guides $5.2-5.8B EBITDA for 2026
Venture Global’s Q4 EPS of $0.41 beat estimates while $4.445B revenue missed forecasts, and exports hit a record 478 TBtu across 128 cargos, up 275% annually. The company signed a five-year 0.5 mtpa LNG deal with Trafigura and guided 2026 adjusted EBITDA at $5.2-5.8B with over 500 cargos.
1. Q4 Earnings and Revenue
Venture Global reported Q4 EPS of $0.41, surpassing consensus of $0.37, while revenue reached $4.445B, below the $4.516B expected. Cash and equivalents stood at $2.36B at year-end.
2. Record Exports Performance
The company exported 128 cargos totaling 478 TBtu of LNG, marking a 275% year-over-year increase and setting new record volumes.
3. Trafigura LNG Purchase Agreement
Venture Global signed a five-year agreement granting Trafigura options for approximately 0.5 million tonnes per annum of U.S. LNG starting in 2026, enhancing contract diversity and market reach.
4. 2026 Guidance and Outlook
For 2026, adjusted EBITDA is projected between $5.2B and $5.8B, with plans to ship 145-156 cargos from Calcasieu and 341-371 cargos from Plaquemines, targeting over 500 total exports.