Venture Global Holds LNG Sales Near Second-Quarter Volume
The company sold 465.8 TBtu of LNG in the quarter ended September 30, 2026, at an implied weighted average fixed liquefaction fee of $6.79 per MMBtu.
Venture Global, Inc. (VG), the liquefied natural gas exporter, sold and recognized as revenue 465.8 TBtu of LNG in the quarter ended September 30, 2026, at an implied weighted-average fixed liquefaction fee of $6.79 per MMBtu.
That volume was essentially unchanged from the 466.4 TBtu sold in the three months ended June 30, 2026. Cargos exported were 124, versus 127 in the immediately preceding quarter. Net income, cash flow and other results would be announced with the rest of its third-quarter financial performance.
Plaquemines carried most of the quarter’s output. The facility sold 328.1 TBtu and exported 87 cargos. Calcasieu Pass sold 137.7 TBtu and exported 37 cargos. Together, the two sites accounted for the 124 cargos and 465.8 TBtu recognized in the period.
Five cargos on a Delivered Ex-Ship basis, totaling 20.4 TBtu, were exported on owned or chartered vessels during the quarter and will be recognized in the following quarter once the vessels reach their destinations and unload. Revenue on FOB cargos is generally recognized when the vessel is loaded and unmoors, while DES, DPU and other delivered-basis cargos are recognized upon delivery at the vessel destination.
The implied weighted-average fixed liquefaction fee of $6.79 per MMBtu does not include the impact of gas supply basis. The cargo count and the fee are only a few measures of operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
In the second quarter, Venture Global reported revenue of $4.6 billion, income from operations of $2.2 billion, net income of $1.3 billion and Consolidated Adjusted EBITDA of $2.5 billion. It then raised Consolidated Adjusted EBITDA guidance to $8.7 billion to $9.1 billion, up from $8.2 billion to $8.5 billion, assuming a weighted-average liquefaction fee of $12.50 per MMBtu to $13.50 per MMBtu for remaining unsold cargos. Contracted 2026 cargos stood at 91% of available cargos at a weighted-average liquefaction fee of $5.05 per MMBtu, and the company tightened and raised the midpoint of the expected cargo range to 500 to 518 from 494 to 523.
In the first quarter, the company exported a then-record 130 cargos and sold 481 TBtu of LNG, and raised EBITDA guidance to $8.2 billion to $8.5 billion from $5.2 billion to $5.8 billion. It also announced the final investment decision on CP2 Phase II and an $8.6 billion project financing, bringing total CP2 financing to $20.7 billion, and said it was targeting Plaquemines Project Phase I commercial operations in the fourth quarter of 2026 and Phase II in mid-2027, with CP2 first LNG in the second half of 2027.
The October 7 volume update covered only the quarter ended September 30, 2026, and guidance in that report was effective only as of the date given and would not be updated or affirmed unless publicly restated. Full third-quarter net income, cash flow and other results remain to be reported with the company’s earnings release.