TLDR
- Revenue jumped 105% YoY to $2.9B.
- LNG exports hit a company record.
- Earnings missed estimates at $0.16/share.
- CP2 Project got $3B funding and key approvals.
- Stock rose 15% in five days.
Venture Global, Inc. posted its first-quarter 2025 financial results, highlighting a sharp revenue increase despite missing earnings estimates. The company recorded a 105% year-over-year revenue growth to $2.9 billion and net income of $464 million. Its stock climbed over 15% in five days, closing at $9.91 on May 12.
Strong Revenue and Record LNG Exports
Venture Global’s revenue reached approximately $2.9 billion, more than doubling compared to the first quarter of 2024. The increase was driven by a surge in liquefied natural gas (LNG) exports, which rose to 234 trillion British thermal units. This marked a 93% increase over the previous quarter and set a new company record.
Besides higher volume, improved market pricing also contributed to the growth in sales and earnings from operations. Total income from operations rose to $1.1 billion, marking a 75% increase year-over-year. The company also reported consolidated adjusted EBITDA of $1.3 billion, which grew 94% from the same period in 2024.
Earnings per share came in at $0.16 on an adjusted basis, falling below the consensus estimate of $0.24. Net income was $464 million, which translates to $0.15 per share. Although earnings missed projections, the substantial increase in revenue underscored strong operational performance.
Project Advancements and Facility Updates
The company reported operational achievements across its key LNG facilities during the first quarter of 2025. Calcasieu Pass officially began commercial operations on April 15 and delivered cargo on schedule.
🚨Venture Global Reports First Quarter 2025 Results:
✅Generated revenue of approximately $2.9 billion (105% increase from Q1 2024)
✅Income from operations of approximately $1.1 billion (75% increase from Q1 2024)
✅Net income of approximately $0.4 billion
✅Consolidated… pic.twitter.com/s0559RGNBc— Venture Global LNG (@Venture_Global) May 13, 2025
At the Plaquemines Project, 18 Phase 1 liquefaction trains operated at approximately 140% of nameplate capacity. This operational efficiency helped maintain high output levels despite earlier construction-related delays. The project also added 400 MW of temporary power to mitigate these disruptions.
On March 19, Venture Global secured U.S. Department of Energy authorization for the CP2 Project to export LNG to non-FTA countries. This regulatory approval allowed the company to advance with its international expansion plans and cleared one of the major barriers to increasing global LNG supply.
Strategic Progress at CP2 Project
The CP2 Project reached several key milestones, supporting its progress toward final investment decisions and broader operational readiness. On May 1, Venture Global closed a $3 billion credit facility with support from 20 global banks. This funding will support manufacturing, procurement, and engineering work at the CP2 site.
On May 9, the Federal Energy Regulatory Commission released its Final Supplemental Environmental Impact Statement for the CP2 Project. The favorable review confirmed regulatory backing and helped clear another step for project advancement. These approvals significantly enhance CP2’s development prospects in the near term.
The CP2 facility remains central to the company’s 2025 strategy due to its long-term potential and strategic location. With regulatory and financial support, construction and execution timelines are expected to accelerate. Venture Global expects to export 222–239 LNG cargos from Plaquemines and 145–150 from Calcasieu this year.
Future Outlook
Venture Global continues to expand its presence in the global LNG market through strong execution and growing capacity. The company remains focused on enhancing output, meeting customer demand, and advancing infrastructure. Despite missing earnings estimates, its overall financial and operational performance suggests sustained momentum heading into the rest of 2025.
