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Sep 30
Venture Global Inc Q3 2025 Earnings Report
Venture Global reported strong results driven by record LNG exports and significantly higher income.
Key Takeaways
Venture Global delivered a robust Q3 2025 performance, reporting strong revenue and a return to profitability thanks to increased LNG sales volumes and multiple new long-term supply agreements.
Achieved record LNG exports with 100 cargos shipped in Q3.
Reported $3.3B in revenue and $429M in net income, reversing a loss from last year.
Signed 5.25 MTPA in new long-term LNG supply agreements.
Reached final investment decision and secured $15.1B financing for CP2 Project Phase 1.
Venture Global Inc
Venture Global Inc
Forward Guidance
The company narrowed its full-year 2025 EBITDA outlook due to market pricing impacts and arbitration reserves but reaffirmed project execution timelines.
Positive Outlook
- Reaffirmed COD timing for Plaquemines Phase 1 and 2.
- Continued strong LNG export volumes projected through year-end.
- CP2 Project authorized for non-FTA exports.
- Expecting 382–386 cargos exported for full year 2025.
- Maintaining solid LNG market position with new SPA deals.
Challenges Ahead
- Lowered full-year EBITDA guidance due to arbitration reserves.
- Fixed liquefaction fees lowered for remaining unsold cargos.
- Higher interest expenses reduced net income impact.
- Expected DES loadings delayed to early 2026.
- Ongoing arbitrations contributed to reduced earnings guidance.