
• Reported GAAP EPS of $0.44 up 18.92% YoY • Reported revenue of $4.45B up 191.67% YoY • Venture Global expects full year 2026 Consolidated Adjusted EBITDA to be $5.2B to $5.8B, including $1.15B to $1.25B in Q1 2026, reflecting margin compression.
Bullish
Venture Global achieved significant FY 2025 financial growth, with revenue up 177% and EBITDA up 198%, driven by record LNG exports. The company also secured new long-term SPAs and progressed CP2 Phase I construction.
Bearish
Venture Global's profitability was impacted by lower LNG sales prices net of feed gas costs and increased interest expenses. Additionally, the company faces inherent difficulty in forecasting non-GAAP measures due to market volatility.