Shares of Venture Global, Inc. (NYSE:VG) surged more than 7% in pre-market trading on Monday after the LNG exporter reported first-quarter results that exceeded analyst expectations and sharply increased its full-year outlook.
The stock rose 7.6% following the earnings announcement.
Venture Global posted adjusted earnings per share of $0.19, ahead of consensus forecasts of $0.12. Revenue climbed to $4.6 billion, surpassing analyst expectations of $3.85 billion and rising 59% from $2.9 billion in the same quarter last year.
Revenue and LNG Exports Surge
Net income attributable to common shareholders increased 23% year-on-year to $488 million, while consolidated adjusted EBITDA rose 2% to $1.4 billion.
The company also reported record LNG export activity during the quarter, shipping 130 cargos and selling 481 TBtu of LNG, representing growth of 111% compared with the first quarter of 2025.
Venture Global said it has already contracted 84% of its available cargos for 2026 at a weighted average liquefaction fee of $4.51 per MMBtu.
“The first quarter of 2026 was a dynamic, and at times volatile, period for the global LNG market, and we are proud that our company has played a critical role in helping maintain supply stability,” said CEO Mike Sabel.
Company Raises Full-Year EBITDA Guidance
Following the strong quarterly performance, Venture Global significantly increased its full-year 2026 consolidated adjusted EBITDA guidance.
The company now expects adjusted EBITDA between $8.2 billion and $8.5 billion, compared with its previous guidance range of $5.2 billion to $5.8 billion.
The updated midpoint forecast of $8.35 billion reflects management’s confidence in continued operational strength and export demand.
Venture Global also narrowed its projected cargo range for 2026 to between 494 and 523 cargos, versus the previous range of 486 to 527 cargos, while increasing the midpoint expectation.
CP2 Financing Expands as Plaquemines Timeline Remains on Track
During the quarter, the company also announced a final investment decision for CP2 Phase II and completed $8.6 billion in project financing.
That brings total financing secured for the CP2 project to approximately $20.7 billion.
Venture Global additionally reaffirmed its target to begin commercial operations for Plaquemines Project Phase I during the fourth quarter of 2026.