Venture Global, Inc. (NYSE: VG) has released its financial results for the second quarter of 2025, and the numbers are impressive. The company reported revenue of approximately $3.1 billion for the quarter, marking an astonishing increase of 180% from the same period in 2024. Income from operations also saw a substantial surge, reaching approximately $1.0 billion, a remarkable 186% increase from Q2 2024. Net income for the quarter amounted to approximately $0.4 billion, reflecting a solid 21% increase from the second quarter of the previous year. Moreover, consolidated adjusted EBITDA stood at approximately $1.4 billion, representing a significant increase of 217% from the second quarter of 2024.
The company's performance is further highlighted by its LNG exports, with a record 89 cargos totaling 331 tbtu, a 157% increase from Q2 2024. Venture Global's total assets also saw a substantial uptick, reaching $46.5 billion, marking an increase of $11.4 billion from June 30, 2024.
In addition to its financial achievements, Venture Global achieved several key milestones, including the final investment decision for phase 1 of the CP2 project and the associated CP Express pipeline, along with the successful closing of a $15.1 billion project financing. The company's efforts were also recognized as the credit rating for the Venture Global Calcasieu Pass, LLC bonds was upgraded to BBB* by S&P Global Ratings.
The CEO of Venture Global, Mike Sabel, expressed satisfaction with the company's strong performance, emphasizing the successful execution of projects and the signing of multiple long-term sales and purchase agreements with high credit quality counterparties.
Looking at the financial results in detail, it is clear that the company's income from operations and consolidated adjusted EBITDA witnessed substantial growth. The net income for the three months ended June 30, 2025, increased by 21% compared to 2024, driven by higher income from operations primarily due to higher LNG sales volumes at the Plaquemines project. However, the net income for the six months ended June 30, 2025, decreased by 20% compared to 2024, primarily due to non-cash unfavorable changes in interest rate swaps and higher interest expense, partially offset by higher income from operations.
Venture Global also provided an updated outlook for 2025, maintaining its consolidated adjusted EBITDA guidance for the full year at $6.4 billion * $6.8 billion. The company also expects to export 144 * 149 cargos from the Calcasieu project and 227 * 240 cargos from the Plaquemines project in 2025.
Today the company's shares have moved -2.27% to a price of $12.07. If you want to know more, read the company's complete 8-K report here.
