Venture Global Q4 EPS Beats on 192% Revenue Surge, Raises 2026 EBITDA Guidance
Venture Global posted Q4 adjusted EPS of $0.41, beating estimates by $0.06, and delivered $4.45 billion in revenue, up 192% year-over-year on 128 cargoes and 478 TBtu of LNG exports. Full-year 2025 revenue rose 177% to $13.8 billion with adjusted EBITDA of $6.3 billion, and 2026 EBITDA guidance is $5.2–5.8 billion.
1. Q4 Earnings Beat
Venture Global reported Q4 adjusted EPS of $0.41, exceeding the $0.35 consensus, and generated $4.45 billion in revenue, up 192% year-over-year, driven by 128 LNG cargoes and 478 TBtu of exports, a 275% increase from Q4 2024.
2. 2025 Full-Year Results
For full-year 2025, the company achieved $13.8 billion in revenue, up 177% year-over-year, and consolidated adjusted EBITDA of $6.3 billion, representing a 198% increase over the prior year, reflecting strong commercialization of Calcasieu Pass and rapid ramp at Plaquemines.
3. 2026 Outlook and Guidance
Management projects consolidated adjusted EBITDA of $5.20–5.80 billion for 2026, with Q1 guidance of $1.15–1.25 billion and expected exports of 486–527 cargoes, noting Winter Storm Fern impacts and margin compression.