Venture Global reported second-quarter 2026 revenue of $4.6 billion, up 48% from $3.1 billion a year earlier, as higher LNG sales volumes and pricing pushed results sharply higher.
Income from operations more than doubled to $2.2 billion from $1.0 billion in the second quarter of 2025, a gain of 111%. Net income rose to $1.3 billion from $368 million, up 266%. Consolidated adjusted EBITDA climbed 79% to $2.5 billion from $1.4 billion.
For the first half of 2026, revenue increased 53% to $9.2 billion from $6.0 billion in the same period last year. Income from operations rose 58% to $3.3 billion from $2.1 billion. Net income advanced 140% to $1.8 billion from $764 million. Consolidated adjusted EBITDA increased 41% to $3.9 billion from $2.7 billion.
LNG exports also accelerated. Venture Global exported 127 cargos in the quarter, up from 89 cargos a year earlier, an increase of 43%. LNG sold totaled 466.4 TBtu, compared with 329.2 TBtu in the prior-year quarter, up 42%.
On a six-month basis, the company exported 257 cargos, up from 152, and sold 947.2 TBtu, up from 557.5 TBtu.
Total assets reached $61.5 billion at June 30, 2026, up $15.0 billion from $46.5 billion a year earlier.
The company raised its full-year 2026 consolidated adjusted EBITDA outlook to $8.7 billion to $9.1 billion, from a prior range of $8.2 billion to $8.5 billion. It also narrowed and lifted its expected cargo range to 500 to 518 from 494 to 523.
Contracted 2026 cargos increased to 91% of available cargos, at a weighted average liquefaction fee of $5.05 per MMBtu.
Venture Global said it exported its 1,000th cargo across its projects during the quarter, four years after its first cargo in 2022.
The company also expanded its LNG sales agreements by more than 2 mtpa during the quarter and into August. It raised Atlantic-See’s 20-year SPA to 1.0 mtpa from 0.5 mtpa, signed a new five-year SPA with EnBW for about 0.82 mtpa, added a five-year SPA with TotalEnergies for 0.85 mtpa, and increased its existing Vitol SPA to 1.7 mtpa from 1.5 mtpa.
On the capital side, Venture Global LNG issued $2.25 billion of senior secured notes and used the proceeds to refinance the same amount due in 2028. Calcasieu Pass Funding closed a $1.75 billion term loan B facility to redeem preferred equity interests, Venture Global Shipping Holdings closed a $1.5 billion term loan credit facility, and Venture Global Calcasieu Pass issued $750 million of senior secured notes to repay a construction term loan.
The board declared a quarterly dividend of $0.04 per share, up 122%, payable Sept. 30, 2026. Following these announcements, the company's shares moved -4.52%, and are now trading at a price of $13.615. Check out the company's full 8-K submission here.
