Venture Global, Inc. (NYSE:VG) is included among the 10 Energy Stocks that Crushed Earnings Estimates in the First Quarter.
Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently one of the largest LNG exporters in the United States.
Venture Global, Inc. (NYSE:VG) reported strong results for its Q1 2026 on May 12. The company delivered adjusted profits of $0.19 and topped expectations by $0.07, while its revenue also grew by almost 60% YoY to $4.6 billion and exceeded estimates by $750 million. The LNG supplier’s quarterly net income rose 23.2% YoY to $488 million, driven by the higher LNG sales volumes at its Plaquemines Project in Louisiana.
Venture Global, Inc. (NYSE:VG) exported 130 cargos and sold 481 TBtu of LNG during the first quarter, up from 63 cargos and 228.3 TBtu a year earlier. The company expects to ship 147 to 154 cargos from its Calcasieu Project and 347 to 369 cargos from the Plaquemines Project in FY 2026.
Given the strong results, Venture Global, Inc. (NYSE:VG) raised its 2026 EBITDA guidance to $8.2 billion to $8.5 billion, up from $5.2 billion to $5.8 billion previously. The company also announced that it remains on track to be the largest LNG producer in North America by the end of 2027, with a target of over 100 million tonnes of annual production by 2030.
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