Venture Global revenue rises 59% as CP2 financing hits $20B milestone

Venture Global (NYSE:VG) generated $4.6 billion in revenue for the quarter ended March 31, 2026, a 59% increase over the prior-year period.

The surge was driven by the export of 130 cargos—totaling 481 TBtu—more than doubling the volume sold in Q1 2025.

While operational income rose 7% to $1.2 billion and net income climbed 23% to $488 million, the company significantly raised its full-year 2026 consolidated adjusted EBITDA guidance to a range of $8.2 billion to $8.5 billion.

This revised outlook reflects a bullish view on global liquefaction fees, which are currently trending between $9.50 and $10.50 per MMBtu for the company’s remaining uncontracted supply.

The quarter was defined by the Final Investment Decision (FID) for CP2 Phase II, supported by a successful $8.6 billion project financing round.

This brings the total financing for the CP2 project to $20.7 billion, solidifying it as one of the largest private infrastructure investments in the U.S. energy sector.

Total assets for the company reached $56.3 billion, an $11.2 billion increase year-over-year, reflecting the rapid scale-up of the Calcasieu Pass and Plaquemines facilities.