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NYSE · NATURAL GAS DISTRIBUTION · SMALL CAP

Venture Global, Inc. VG

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$13.8B
▲ 176.9% YoY
$2.7B
▲ 56.5% YoY
$-6.8B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Venture Global is operating, constructing, and developing multiple LNG export projects in Louisiana. Its integrated assets span the LNG supply chain, including LNG production, natural gas transportation, shipping and regasification. As of December 31, 2025, it had executed 47.0 mtpa of sale and purchase agreements with third-party customers, approximately 96% of which are under 20-year, fixed price agreements that provide stable, long-term cash flows. The Calcasieu Project generated proceeds from commissioning sales of LNG beginning in the first quarter of 2022 through COD in April 2025. Similarly, the Plaquemines Project began commissioning sales of LNG in January 2025, which are expected to continue through the respective CODs of its two phases. To further vertically integrate its business, it is building a fleet of LNG tankers and has contracted to acquire nine, seven of which have been delivered. It has secured LNG regasification capacity in the United Kingdom and Greece.

Written from the business description in VENTURE GLOBAL, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth

USD 13.8B
Revenue, FY2025 · full 3-year series below
Revenue $B Net income $B
FY2025 · Revenue 13.8 · Net income 2.7
5B10B
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 37.4% · Net 19.8%
20%40%60%
202320242025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Three returns, three denominators.
Return on equityNot available: we don't have a clean profit figure for this period.

Return on equity has no reading this year — return on capital employed, just below, still does: 12%.

Cash & shareholders

USD 465.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -6.8
-5B-10B
202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends 465.0 · Net buybacks ·
200M400M
202320242025

USD 465.0M in dividends — Not available: we don't have a clean profit figure for this period.

Total assetsUSD 53.4B
EquityUSD 6.7B
CashUSD 2.4B
Gross debtUSD 34.2B
Net debtUSD 31.9B
Current ratio0.93×

Net debt stands at 472% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VG, 3-year financial record
Metric 202520242023
Revenue $B13.85.07.9
Operating income $B5.21.84.8
EBITDA $B6.12.15.1
Income tax $B0.60.40.8
Net income $B2.71.73.6
Free cash flow $B−6.8−11.6−3.5
EPS, diluted $0.860.571.25
Dividend / sh $0.03◌◌
Payout % — not available in our data◌◌◌
ROE % — not available in our data◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: EPS is not tagged before 2023. 16 checks were skipped: revenue is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2023

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