Venture Global Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Core Insights - Venture Global, Inc. (VG) reported second-quarter 2025 diluted earnings per share of 14 cents, missing the Zacks Consensus Estimate of 22 cents, but an increase from 12 cents in the same quarter last year [1][10] - Total revenues for the quarter reached $3.1 billion, significantly up from $1.1 billion year-over-year and exceeding the Zacks Consensus Estimate of $2.9 billion [1][10] Financial Performance - Income from operations was $1.04 billion, compared to $363 million in the second quarter of 2024, driven by increased LNG sales volumes from the Plaquemines project, despite lower prices at the Calcasieu Project [3] - Adjusted EBITDA for the quarter was $1.4 billion, a 217% increase from $440 million in the previous year, primarily due to higher LNG sales volumes [5] - The cost of sales rose to $1.4 billion from $300 million year-over-year, with total operating costs and expenses amounting to $2.1 billion, up from $745 million [6] Export and Sales Data - VG exported 89 cargoes in the second quarter, a significant increase from 36 cargoes in the same period last year, with total LNG volumes exported reaching 331 trillion British thermal units (TBtu), up from 129 TBtu [4][10] Balance Sheet - As of June 30, 2025, the company had $2.25 billion in cash and cash equivalents, with a net long-term debt of $29.8 billion [7] Future Outlook - For the full year 2025, VG projects Adjusted EBITDA to be in the range of $6.4 billion to $6.8 billion, with total cargoes expected to be between 367 and 389 [8]