Venture Global Reports Third Quarter 2025 Results

Core Insights - Venture Global reported significant financial growth in Q3 2025, with revenue reaching $3.3 billion, a 260% increase from Q3 2024, and net income of $0.4 billion, compared to a net loss in the same period last year [2][9][10] Financial Performance - Revenue for Q3 2025 was $3.3 billion, with a year-to-date total of $9.3 billion, reflecting a 170% increase compared to the first nine months of 2024 [2][24] - Income from operations for Q3 2025 was $1.3 billion, marking a 598% increase year-over-year, and $3.4 billion for the nine months ended September 30, 2025, a 194% increase [2][10] - Consolidated Adjusted EBITDA for Q3 2025 was $1.5 billion, a 439% increase from Q3 2024, and $4.3 billion for the nine months, a 201% increase [2][10] LNG Export Achievements - Venture Global exported 100 cargos totaling 372 TBtu of LNG in Q3 2025, a record for the company and a 237% increase from Q3 2024 [2][9] - The company has signed multiple long-term LNG sales and purchase agreements, totaling 5.25 MTPA for the second half of 2025 [2][6] Project Developments - The Calcasieu Project achieved a milestone by exporting its 500th cargo on November 8, 2025 [2][6] - The CP2 Project received final authorization for LNG exports to non-free trade agreement nations and reached a final investment decision with $15.1 billion in project financing [2][6] Financial Position - Total assets increased to $50.1 billion, up from $39.4 billion as of September 30, 2024 [2][26] - The company secured a $2 billion corporate revolving credit facility and raised $1.575 billion through a joint venture, enhancing liquidity [2][10] Updated Guidance - The guidance for Consolidated Adjusted EBITDA for the full year 2025 has been adjusted to a range of $6.35 billion to $6.50 billion, reflecting changes in expected liquefaction fees and ongoing arbitrations [14][10]