NYSE$VG
Venture Global Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Venture Global reported Q3 2025 revenue of $3.33B, net income of $550M, and diluted EPS of $0.16.
Third-quarter revenue surged to $3.33 billion as the Calcasieu LNG project reached commercial operations and began recognizing LNG sales under post-COD SPAs. Net income was $550 million versus a $294 million loss a year ago; diluted EPS attributable to common stockholders was $0.16. Income from operations was $1.32 billion on higher volumes and commissioning cargo monetization.
- Q3 revenue $3.33B; net income $550M.
- Calcasieu project achieved COD in April 2025.
- Diluted EPS to common stockholders $0.16.
- Long-dated contracted LNG backlog remains multi-billion dollars.
Headline financials
Revenue & EPS history
Venture Global Inc · Revenue · Quarterly
$3.33B
Forward guidance
Venture Global highlights multi-phase LNG project delivery (Plaquemines, CP2) and contracted backlog rather than quarterly EPS targets. Management is engaged in customer arbitrations related to Calcasieu COD timing.
Tailwinds
- Calcasieu COD unlocked LNG revenue recognition.
- Multi-billion-dollar contracted backlog with inflation indexing.
- Q3 net income turned positive at $550M.
Headwinds
- Customer disputes on COD timing and liability caps.
- High interest expense and project execution risk on new phases.
- Development and depreciation costs remain elevated.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q3 2025
+5.9%
Avg return
Earnings day
+6.3%
Avg return
5 days after
+8.4%
Avg return
30 days after
100%
5 / 5 earnings
Positive
+17.5%
Q4 2025
Best reaction
+1.0%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | +24.1% | +16.2% | |
| Q4 2025 | +17.5% | +28.8% | +51.5% | |
| Q3 2025 | +6.3% | -0.1% | -24.0% | |
| Q2 2025 | +1.0% | +3.5% | +13.9% | |
| Q1 2025 | +3.5% | -24.8% | -15.7% |
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