Venture Global, Inc. VG

Utilities SIC 4924 - Natural Gas Distribution NYSE

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.

Last close 14.42 2026-09-04
Market cap $35.89B estimated share count
52-week range 5.72 - 17.62

Valuation FY2025 figures against the last close

P/S2.6x
P/E16.8x
P/FCF
EV/EBITDA11.1x
Dividend yield1.3%
Diluted EPS0.86

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
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 0.930.631.30
EPS, diluted 0.860.571.25
Shares, diluted (wtd. avg.) $2.63B$2.58B$2.14B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
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 FY2025FY2024FY2023FY2022
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.

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