Venture Global, Inc. (VG)

VG Income Statement

Revenue, expenses, and profitability analysis

VG Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	15.474B	4.599B	4.445B	3.329B	3.101B	2.894B	1.524B	926.000M	1.108B
Cost of Goods Sold	8.576B	2.990B	2.294B	1.606B	1.686B	1.275B	507.000M	272.000M	370.000M
Gross Profit	6.898B	1.609B	2.151B	1.723B	1.415B	1.619B	1.017B	654.000M	738.000M
Gross Profit Margin	35.0%	35.0%	48.4%	51.8%	45.6%	55.9%	66.7%	70.6%	66.6%
Total Operating Expenses	1.629B	416.000M	433.000M	403.000M	377.000M	539.000M	423.000M	465.000M	375.000M
Research & Development	211.000M	49.000M	52.000M	53.000M	57.000M	182.000M	124.000M	156.000M	174.000M
Selling, General & Administrative	425.000M	97.000M	120.000M	105.000M	103.000M	105.000M	88.000M	77.000M	75.000M
Operating Income (EBIT)	5.269B	1.193B	1.718B	1.320B	1.038B	1.080B	594.000M	189.000M	363.000M
Operating Margin	25.9%	25.9%	38.7%	39.7%	33.5%	37.3%	39.0%	20.4%	32.8%
Income Before Tax (EBT)	3.431B	736.000M	1.467B	637.000M	591.000M	668.000M	1.238B	-372.000M	444.000M
Interest Income	123.000M	28.000M	30.000M	27.000M	38.000M	56.000M	57.000M	53.000M	61.000M
Interest Expense	1.622B	444.000M	447.000M	421.000M	310.000M	276.000M	117.000M	128.000M	153.000M
Other Income/Expense	-1.838B	-457.000M	-251.000M	-683.000M	-447.000M	-412.000M	644.000M	-561.000M	81.000M
Net Income	2.664B	598.000M	1.135B	496.000M	435.000M	464.000M	938.000M	-346.000M	303.000M
Income Tax Expense	590.000M	111.000M	276.000M	87.000M	116.000M	151.000M	248.000M	-78.000M	92.000M
Net Profit Margin	13.0%	13.0%	25.5%	14.9%	14.0%	16.0%	61.5%	-37.4%	27.3%
EBITDA	6.029B	1.431B	2.154B	1.276B	1.168B	1.160B	1.448B	-155.000M	667.000M
EBITDA Margin	31.1%	31.1%	48.5%	38.3%	37.7%	40.1%	95.0%	-16.7%	60.2%
Depreciation & Amortization	976.000M	251.000M	240.000M	218.000M	267.000M	216.000M	93.000M	89.000M	70.000M
EPS Basic	0.97	0.20	0.44	0.18	0.15	0.16	0.36	-0.14	0.13
EPS Diluted	0.90	0.19	0.41	0.16	0.14	0.15	0.36	-0.14	0.13
Shares Outstanding	2.463B	2.463B	2.426B	2.433B	2.423B	2.399B	2.420B	2.420B	2.425B
Diluted Shares Outstanding	2.635B	2.635B	2.635B	2.641B	2.635B	2.643B	2.420B	2.420B	2.425B

VG Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Revenue	13.769B	4.972B	7.897B	6.448B	0.00
Cost of Goods Sold	6.981B	1.673B	1.684B	2.251B	6.000M
Gross Profit	6.788B	3.299B	6.213B	4.197B	-6.000M
Gross Profit Margin	49.3%	66.4%	78.7%	65.1%	—
Total Operating Expenses	1.754B	1.536B	1.363B	642.000M	331.000M
Research & Development	0.00	635.000M	490.000M	311.000M	188.000M
Selling, General & Administrative	433.000M	312.000M	224.000M	191.000M	89.000M
Operating Income (EBIT)	5.034B	1.763B	4.850B	3.555B	-337.000M
Operating Margin	36.6%	35.5%	61.4%	55.1%	—
Income Before Tax (EBT)	3.363B	2.183B	4.432B	3.544B	-436.000M
Interest Income	151.000M	244.000M	172.000M	18.000M	-97.000M
Interest Expense	1.454B	584.000M	641.000M	592.000M	52.000M
Other Income/Expense	-1.671B	420.000M	-418.000M	-11.000M	-99.000M
Net Income	2.697B	1.543B	2.681B	1.858B	-356.000M
Income Tax Expense	630.000M	437.000M	816.000M	447.000M	0.00
Net Profit Margin	19.6%	31.0%	33.9%	28.8%	—
EBITDA	5.758B	3.089B	5.350B	4.294B	-371.000M
EBITDA Margin	41.8%	62.1%	67.7%	66.6%	—
Depreciation & Amortization	941.000M	322.000M	277.000M	158.000M	13.000M
EPS Basic	0.93	0.61	1.14	0.94	-0.15
EPS Diluted	0.86	0.61	1.04	0.94	-0.14
Shares Outstanding	2.426B	2.420B	2.070B	2.350B	2.350B
Diluted Shares Outstanding	2.635B	2.420B	2.577B	2.577B	2.577B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Venture Global, Inc.

Venture Global, Inc. provides natural gas, focusing its expertise on the conception, construction, and operational readiness of facilities for the liquefaction and export of natural gas.

Arlington, VA

1,500 employees

ventureglobal.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Michael A. Sabel

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