Venture Global, Inc. VG
Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Our integrated assets span the LNG supply chain, including LNG production, natural gas transportation, shipping and regasification. Our innovative approach, which is both scalable and repeatable, allows us to bring low-cost LNG to a global market years faster than traditional LNG projects. We believe supplying this clean, affordable fuel promotes global energy security and diversification and is essential to meeting growing global energy demand.
Natural gas is a vital global resource that underpins economic development through the generation of reliable electricity. By cooling natural gas to -260°F, it is converted to LNG—reducing its volume to 1/600th of its original state for efficient transport by LNG tankers to international markets lacking domestic supply, displacing more carbon intensive sources of energy such as coal and oil. Venture Global's modular, "design‑one, build‑many" approach enables faster, more cost-efficient construction and the rapid deployment of productive assets compared with traditional LNG projects, forming the foundation of both our operating platform and development strategy.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Germany
- France
- Netherlands
- Other
- United Kingdom
| Region | FY2025 |
|---|---|
| United States | $11.38B |
| Germany | $772.0M |
| France | $682.0M |
| Netherlands | $456.0M |
| Other | $320.0M |
| United Kingdom | $164.0M |
As the company reported it, from the “Segment Information - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $13.77B | $4.97B | $7.90B | — |
| R&D | $344.0M | $635.0M | $490.0M | — |
| SG&A | $433.0M | $312.0M | $224.0M | — |
| Total operating expenses | $8.61B | $3.21B | $3.05B | — |
| Operating income | $5.16B | $1.76B | $4.85B | — |
| Interest expense | $1.45B | $584.0M | $641.0M | — |
| Pre-tax income | $3.36B | $2.18B | $4.43B | — |
| Income tax | $630.0M | $437.0M | $816.0M | — |
| Net income | $2.73B | $1.75B | $3.62B | — |
| EPS, basic | 0.93 | 0.63 | 1.30 | — |
| EPS, diluted | 0.86 | 0.57 | 1.25 | — |
| Shares, diluted (wtd. avg.) | 2.63B | 2.58B | 2.14B | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $2.35B | $3.61B | $5.87B | $2.41B |
| Receivables | $918.0M | $364.0M | — | — |
| Inventory | $253.0M | $171.0M | — | — |
| Total current assets | $4.04B | $4.56B | — | — |
| Total assets | $53.45B | $43.49B | — | — |
| Accounts payable | $737.0M | $1.54B | — | — |
| Short-term debt | $812.0M | $190.0M | — | — |
| Total current liabilities | $4.34B | $3.54B | — | — |
| Long-term debt | $33.39B | $29.09B | — | — |
| Total liabilities | $41.45B | $35.59B | — | — |
| Retained earnings | $4.72B | $2.61B | — | — |
| Total equity | $6.74B | $2.90B | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $6.57B | $2.15B | $4.55B | — |
| Depreciation and amortisation | $941.0M | $322.0M | $277.0M | — |
| Stock-based compensation | $46.0M | $22.0M | $28.0M | — |
| Capital expenditure | $13.37B | $13.72B | $8.09B | — |
| Investing cash flow | -$13.22B | -$14.16B | -$8.72B | — |
| Financing cash flow | $5.46B | $10.75B | $7.63B | — |
| Dividends paid | $465.0M | $139.0M | $164.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002007855-26-000026.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $7.90B | $4.97B | $13.77B |
| Gross profit | — | — | — | — |
| Net income | — | $3.62B | $1.75B | $2.73B |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Other event Item 8.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Debt acceleration or default Something has triggered a lender's right to demand early repayment - usually a covenant breach. Item 2.04
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4924
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LNG | Cheniere Energy, Inc. | $61.69B | 12.4x | 26.3% |
| CQP | Cheniere Energy Partners, L.P. | $32.02B | — | 23.6% |
| ATO | ATMOS ENERGY CORP | $29.10B | 23.1x | 12.9% |
| NFG | NATIONAL FUEL GAS CO | $7.65B | 14.2x | 30.0% |
| NJR | NEW JERSEY RESOURCES CORP | $5.39B | 16.0x | 9.9% |
| SR | SPIRE INC | $5.04B | 19.5x | -4.5% |
| OGS | ONE Gas, Inc. | $4.90B | 17.8x | — |
| NWN | Northwest Natural Holding Co | $2.10B | 18.0x | 8.4% |