)
Venture Global LNG (VG) investor relations material
Venture Global LNG Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 2025 results with $3.3 billion revenue (up 260% YoY), $1.3 billion income from operations (up 598% YoY), $429 million net income (vs. $347 million loss in Q3 2024), and $1.5 billion Adjusted EBITDA (up 439% YoY).
Exported 100 LNG cargoes in Q3, including the 500th from Calcasieu Pass, and reached 144–148 cargoes from Plaquemines year-to-date.
Signed over 5.25 MTPA in new 20-year SPAs in H2 2025, including with Naturgy and Atlantic Sea LNG, enhancing European energy security.
Achieved record production capacity of ~67 MTPA in operation or under construction, targeting 100 MTPA by 2030.
Raised over $84 billion in capital since inception, including $30 billion year-to-date and major new financings.
Financial highlights
Q3 2025 revenue: $3.3 billion (vs. $0.9–$0.93 billion Q3 2024); net income: $429 million (vs. $347 million loss Q3 2024); Adjusted EBITDA: $1.5 billion (vs. $283 million Q3 2024).
Income from operations rose to $1.3 billion, up 598% year-over-year.
Year-to-date revenue: $9.3 billion (vs. $3.4 billion 2024); YTD Adjusted EBITDA: $4.3 billion (vs. $1.4 billion 2024).
Basic EPS for Q3 2025: $0.18 (vs. -$0.15 Q3 2024); nine-month EPS: $0.49 (vs. $0.26 2024).
Total assets: $50.1 billion (up from $39.4 billion YoY); equity: $9.2 billion (up from $6.4 billion at year-end 2024).
Outlook and guidance
2025 Adjusted EBITDA guidance narrowed to $6.35–$6.5 billion, reflecting arbitration reserves, timing of cargo deliveries, and lower fixed liquefaction fees.
Sensitivity to liquefaction fee changes reduced to $50–$60 million per $1/MMBTU.
Expect to export 148 cargos from Calcasieu Pass and 234–238 from Plaquemines in 2025.
Full year 2026 guidance to be provided next quarter.
Guidance sensitive to changes in fixed liquefaction fees and natural gas price spreads.
Next Venture Global LNG earnings date
Next Venture Global LNG earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)