Venture Global narrows timeline for first CP2 LNG production to July 2027
VG•Venture Global reported third-quarter EPS of $0.96 and revenue of $4.76 billion, and forecast full-year adjusted EBITDA of $10.0 billion to $10.3 billion. The company narrowed its timeline for first LNG production from its CP2 project to July 2027.
1. Quarterly results and outlook
Venture Global reported third-quarter EPS of $0.96, versus an estimate of $0.49, and revenue of $4.76 billion, versus an estimate of $4.69 billion. It forecast full-year consolidated adjusted EBITDA of $10.0 billion to $10.3 billion, compared with an estimate of $9.16 billion.
2. LNG and CP2 plans
The company exported 124 cargoes in the quarter, up 24%, and sold 465.8 TBTU of LNG, up 25%. Venture Global narrowed its timeline for first LNG production from CP2 to July 2027, and maintained its 2027 outlook for 575 to 625 cargoes, including 10 to 20 from CP2 during the third quarter.
3. Other company forecasts
Venture Global expects to export 152 to 154 cargoes from Calcasieu and 357 to 364 from Plaquemines in 2026. It said it is positioned to begin delivering compute capacity in late 2028, scaling to about 5 GW by the end of 2031 through its AI utility business.
