Venture Global Posts 177% Revenue Surge to $13.8B, Secures 9.75 MTPA of LNG SPAs
In FY 2025, revenue rose 177% to $13.8B with adjusted EBITDA up 198% to $6.3B and record exports of 1,409 TBtu. The firm locked in 9.75 MTPA of SPAs, including 1.5 MTPA with Hanwha and 0.5 MTPA with Trafigura, and kept CP2 Phase I on budget for late-2027 startup.
1. Fourth Quarter and Full Year 2025 Results
Venture Global delivered Q4 revenue of $4.4 billion, a 192% increase, and full-year revenue of $13.8 billion, up 177% year-over-year. Adjusted EBITDA climbed to $2.0 billion in Q4 and $6.3 billion for FY 2025, while record exports reached 478 TBtu in the quarter and 1,409 TBtu for the year.
2. New Long-Term LNG Sales and Purchase Agreements
During Q4 and early 2026, Venture Global finalized SPAs totaling 9.75 MTPA, including a 20-year 1.5 MTPA deal with Hanwha Aerospace and a five-year 0.5 MTPA pact with Trafigura. These contracts underpin future cash flow and support the funding requirements for CP2 Phase II.
3. CP2 Phase I Project Progress
Construction of CP2 Phase I remains on budget and on schedule for first production in late 2027. The company is advancing the FID process for CP2 Phase II, securing additional long-term SPAs and finalizing financing to target a decision in the first half of 2026.