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
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.
Others in SIC 4924
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|---|---|---|---|---|
| LNG | Cheniere Energy, Inc. | $60.31B | 12.1x | 26.3% |
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| ATO | ATMOS ENERGY CORP | $28.32B | 22.5x | 12.9% |
| NFG | NATIONAL FUEL GAS CO | $7.92B | 14.7x | 30.0% |
| NJR | NEW JERSEY RESOURCES CORP | $5.42B | 16.0x | 9.9% |
| OGS | ONE Gas, Inc. | $5.02B | 18.3x | — |
| SR | SPIRE INC | $4.89B | 18.9x | -4.5% |
| NWN | Northwest Natural Holding Co | $2.07B | 17.8x | 8.4% |