Venture Global raises profit forecast, expands push into AI data center market
VG•Venture Global raised its 2026 adjusted core earnings forecast to $10 billion-$10.3 billion from $8.7 billion-$9.1 billion after third-quarter adjusted core profit of $2.6 billion beat estimates of $2.5 billion. It expects first production from its CP2 LNG project in July 2027.
1. Higher earnings forecast
Venture Global raised its 2026 adjusted core earnings forecast to $10 billion-$10.3 billion, above analysts’ expectations of $9.2 billion. Third-quarter adjusted core profit was $2.6 billion, beating estimates of $2.5 billion.
2. AI data center plans
The company signed framework agreements with GE Vernova and Baker Hughes for up to 16 power island units totaling about 11.5 gigawatts of capacity, plus related equipment. Venture Global expects to begin delivering compute capacity in late 2028 and reach about 5 gigawatts by the end of 2031 at sites in Louisiana.
3. CP2 timeline
Venture Global narrowed its timeline for first LNG production from its CP2 project to July 2027, 24 months after reaching a final investment decision on Phase 1.
