Friday 6 November 2026 Export VG’s income statement to Excel — free account

Venture Global, Inc.

Venture Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.8 billion, up 176.9% from fiscal 2024.

Revenue: +47.6%
EPS: +260.0%
Free cash flow: −8.21%
Total debt: +39.5%

Quarter to June 2026, against a year earlier

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11.65 0.35 −2.92%

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Market cap: $28.8B
P/E: 8.6×
Fwd P/E: 8.5×
Dividend yield: —
F-score: 6/9
Altman Z: 0.92
Beneish M: −1.32
Dividend safety: 29/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Venture Global, Inc. (VG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Plaquemines Project	9,175	66.64%
Calcasieu Project	4,125	29.96%
Sales and shipping	2,518	18.29%
CP2 Project	1	0.01%
Gross margin		57.00%
Operating margin		37.45%
Pre-tax margin		24.42%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023
LNG revenue	13,687 99.40%	4,947 99.50%	7,875 99.72%
Other revenue	82 0.60%	25 0.50%	22 0.28%
Revenue	13,769	4,972	7,897

Revenue by segment $m

Line	FY2025	FY2024	FY2023
Plaquemines Project	9,175 66.64%	23 0.46%	0 0.00%
Calcasieu Project	4,125 29.96%	4,916 98.87%	7,897 100.00%
Sales and shipping	2,518 18.29%	329 6.62%	0 0.00%
CP2 Project	1 0.01%	2 0.04%	0 0.00%
Eliminations	(2,050) (14.89%)	(298) (5.99%)	—
Revenue	13,769	4,972	7,897

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023
Plaquemines Project	‡	‡	‡
Calcasieu Project	‡	‡	‡
Sales and shipping	‡	‡	‡
CP2 Project	‡	‡	‡
Corporate and other	‡	‡	‡
Operating income	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡
	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023
United States	11,375 82.61%	4,673 93.99%	7,897 100.00%
Germany	772 5.61%	179 3.60%	0 0.00%
France	682 4.95%	81 1.63%	0 0.00%
Netherlands	456 3.31%	0 0.00%	0 0.00%
Other	320 2.32%	39 0.78%	0 0.00%
United Kingdom	164 1.19%	0 0.00%	0 0.00%
Revenue	13,769	4,972	7,897

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
LNG volumes exported: Cargos	Q2 FY2026	127.00	89.00	+42.70%
LNG volumes exported: TBtu	Q2 FY2026	478.30	331.00	+44.50%
LNG volumes sold	Q2 FY2026	466.40	329.00	+41.76%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
LNG volumes exported: Cargos	‡	‡	‡	‡	‡	‡
LNG volumes exported: TBtu	‡	‡	‡	‡	‡	‡
LNG volumes sold	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.