Venture Global, Inc.

Listed Company

VGCIK 0002007855NYSENon-AcceleratedNatural Gas DistributionDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.77B

Net Income

$2.73B

Total Assets

$53.45B

Equity

$6.74B

Shares Out

—

Op. Cash Flow

$6.57B

VG$13.79−15.35% · past yearDBEQ Basic

Daily closing prices

Business

Venture Global is a U.S. liquefied natural gas (LNG) producer and exporter operating an integrated supply chain spanning liquefaction facilities, natural gas pipelines, LNG shipping, and regasification assets. The company develops and operates LNG export projects in Louisiana using a modular, factory-fabricated liquefaction-train design that enables rapid, capital-efficient construction and early production during commissioning phases. Venture Global sells LNG under long-term fixed-price sales and purchase agreements with investment-grade customers, supplemented by commissioning and excess-capacity sales, and operates a sales and shipping business (VG Commodities) that manages portfolio optimization and downstream delivery into key import markets.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
REVENUE	13,769	4,972	7,897
Cost of sales (exclusive of depreciation and amortization shown separately below)	5,920	1,351	1,684
Operating and maintenance expense	975	589	391
General and administrative expense	433	312	224
Development expense	344	635	490
Depreciation and amortization	941	322	277
Insurance recoveries, net	0	0	−19
Total operating expense	8,613	3,209	3,047
INCOME FROM OPERATIONS	5,156	1,763	4,850
Interest income	151	244	172
Interest expense, net	−1,454	−584	−641
Gain (loss) on interest rate swaps	−220	774	174
Loss on financing transactions	−267	−14	−123
Loss on foreign currency transactions	−3	0	0
Total other income (expense)	−1,793	420	−418
INCOME BEFORE INCOME TAX EXPENSE	3,363	2,183	4,432
Income tax expense	630	437	816
NET INCOME	2,733	1,746	3,616
Less: Net income attributable to redeemable stock of subsidiary	167	144	130
Less: Net income attributable to non-controlling interests	36	59	805
Less: Dividends on VGLNG Series A Preferred Shares	270	68	0
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS, BASIC	2,260	1,475	2,681
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS, DILUTED	2,260	1,475	2,681
Net income attributable to common stockholders per sharebasic (in usd per share)	0.93	0.63	1.3
Weighted average number of shares of common stock outstandingbasic (in shares)	2,426	2,350	2,070
Net income attributable to common stockholders per sharediluted (in usd per share)	0.86	0.57	1.25
Weighted average number of shares of common stock outstandingdiluted (in shares)	2,635	2,585	2,143

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	2,355	3,608	—	—
Restricted cash	195	169	—	—
Accounts receivable	918	364	—	—
Inventory, net	253	171	—	—
Derivative assets	65	154	—	—
Prepaid expenses and other current assets	254	93	—	—
Total current assets	4,040	4,559	—	—
Property, plant and equipment, net	46,588	34,675	—	—
Right-of-use assets	737	602	—	—
Noncurrent restricted cash	875	837	—	—
Deferred financing costs	543	384	—	—
Noncurrent derivative assets	216	1,482	—	—
Other noncurrent assets	447	952	—	—
TOTAL ASSETS	53,446	43,491	—	—
Accounts payable	737	1,536	—	—
Accrued and other liabilities	2,795	1,816	—	—
Current portion of long-term debt, net	812	190	—	—
Total current liabilities	4,344	3,542	—	—
Long-term debt, net	33,393	29,086	—	—
Noncurrent operating lease liabilities	696	536	—	—
Deferred tax liabilities, net	2,320	1,637	—	—
Other noncurrent liabilities	697	794	—	—
Total liabilities	41,450	35,595	—	—
Commitments and contingencies (Note 15)	—	—	—	—
Redeemable stock of subsidiary	1,696	1,529	1,385	1,255
Additional paid in capital	2,238	512	—	—
Retained earnings	4,720	2,611	—	—
Accumulated other comprehensive loss	−239	−249	—	—
Total Venture Global, Inc. stockholders' equity	6,743	2,897	—	—
Non-controlling interests	3,557	3,470	—	—
Total equity	10,300	6,367	—	—
TOTAL LIABILITIES AND EQUITY	53,446	43,491	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
(Gain) loss on derivatives, net	342	−777	−174
Cash from settlement of derivatives, net	1,252	214	203
Loss on financing transactions	265	15	122
Deferred taxes	638	446	674
Non-cash interest expense	133	76	85
Stock-based compensation	46	22	28
Accounts receivable	−564	−90	−75
Inventory	−61	−127	−18
Prepaid expenses and other current assets	−10	−2	−96
Accounts payable and accrued liabilities	873	288	−55
Other, net	−22	16	−37
Net cash from operating activities	6,566	2,149	4,550
Capital expenditures	−13,365	−13,717	−8,091
Purchase of equity method investments	−19	−106	−539
Other investing activities	164	−336	−95
Net cash used by investing activities	−13,220	−14,159	−8,725
Issuance of debt and draws on credit facilities	16,329	9,360	16,153
IPO issuance of Class A common stock	1,750	0	0
Issuance of VGLNG Series A Preferred Shares	0	3,000	0
Repayment of debt	−11,071	−905	−5,918
Purchase of non-controlling interests	0	0	−1,564
Financing and issuance costs	−1,004	−142	−591
Payments of dividends and subsidiary distributions	−465	−139	−164
Financed capital expenditures	−76	−381	−108
Other financing activities	2	−41	−173
Net cash from financing activities	5,465	10,752	7,635
Net increase (decrease) in cash, cash equivalents and restricted cash	−1,189	−1,258	3,460

Filings

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Frequently asked questions

What is Venture Global, Inc.'s CIK number?

Venture Global, Inc.'s SEC CIK number is 0002007855 (2007855). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Venture Global, Inc.'s SEC filings?

All of Venture Global, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Venture Global, Inc. last report earnings?

Venture Global, Inc. (VG) most recently filed an earnings 8-K with the SEC on Jul 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0002007855-26-000057). This is Venture Global, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Venture Global, Inc.'s most recent earnings 8-K?

Venture Global, Inc.'s latest earnings 8-K (Item 2.02) was filed Jul 8, 2026 under accession 0002007855-26-000057. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Venture Global, Inc.'s latest earnings 8-K →
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