Venture Global's Q3 Turnaround: $429M Profit, LNG Exports Surge
Update: 2025-11-10
Description
Venture Global, a leading LNG exporter, reported a staggering net income of $429 million in Q3, a remarkable turnaround from last years $347 million loss. This surge is attributed to increased revenues and LNG exports, driven by expanded liquefaction capacity. The company shipped 100 cargoes this quarter, up from 31 last year. Despite power island construction delays, the Plaquemines project is progressing, with 34 out of 36 liquefaction units operational. Venture Global anticipates delivering 382-386 cargoes this year, but revised its earnings guidance downward due to higher domestic gas prices and ongoing legal disputes, including a recent arbitration loss to British Petroleum.
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