$14.180
-0.294 (-2.07%)At close
VG News
VG Events
Venture Global Q2 Revenue at $4.58B, Below Consensus
Reports Q2 revenue $4.58B, consensus $4.68B. "Venture Global has proven our ability to successfully build and operate complex machines that generate exceptional results. The second quarter of 2026 is a perfect demonstration of that execution in operations, construction, and financing, with significant year-over-year financial gains, production this quarter at the high end of our forecasted range, construction at CP2 on schedule driven by our in-house EPC efforts, and refinancings that translate into more than $100 million of annual cost savings," said Venture Global CEO Mike Sabel. "Moving into the second half of the year, with safety remaining our top priority, we are focused on moving Plaquemines Phase I into commercial operations, continuing construction momentum at CP2, and progressing commercial and financial activities in support of FID at the brownfield expansions at both CP2 and Plaquemines."
Baker Hughes Secures Order from Venture Global for Liquefaction Solution
Baker Hughes (BKR) announced an order, booked in the second quarter, from Venture Global (VG) to provide a liquefaction solution for its CP2 LNG expansion project in Louisiana. The award builds on the companies' established master equipment supply agreement, and the scope includes six liquefaction blocks for a total of 12 liquefaction modules. Each block is based on two single mixed-refrigerant liquefaction modules and related compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems.
Venture Global and EnBW Sign New Agreement for 820,000 Tons of LNG
Venture Global and EnBW announced the execution of new, binding agreements for the purchase of approximately 0.82 million tonnes per annum of U.S. liquefied natural gas from Venture Global for approximately five years commencing in 2026, to be supplied from Venture Global's portfolio. The new agreements add to the existing long-term sales and purchase agreements between Venture Global and EnBW for 2 MTPA for 20 years.
Venture Global and ATLANTIC-SEE LNG Expand Contract to 1 Million Tonnes
The company states: "Venture Globa and ATLANTIC - SEE LNG TRADE S.A. of Greece announced an expansion of their existing Sales and Purchase Agreement for the purchase of U.S. liquefied natural gas from Venture Global for twenty years starting in 2030. Under the deal, Atlantic-SEE is doubling their existing contract with Venture Global from a minimum of 0.5 million tonnes per annum (MTPA) to 1.0 million tonnes per annum. Atlantic-SEE LNG is a newly formed joint venture announced in November at the 6th Partnership for Transatlantic Energy Cooperation conference hosted in Athens, Greece between Greek companies AKTOR Group and DEPA Commercial. The announcement of this expanded supply agreement follows Venture Global's previously announced investment in regasification capacity at the Alexandroupolis LNG import terminal in Greece, which currently accounts for approximately 25% of the terminal's total capacity. The Alexandroupolis LNG FSRU receiving terminal and South-North 'Vertical Corridor' will be essential to enhancing Central and Eastern European energy security by providing a new route to bring affordable and reliable U.S. natural gas into the region."
Venture Global Plans to Offer $2.25B Senior Secured Notes
Venture Global announced that its wholly-owned subsidiary, Venture Global LNG, intends to offer, subject to market conditions and other factors, $2.25B aggregate principal amount of senior secured notes due 2034 and 2036, in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The Issuer intends to use the gross proceeds from the offering to redeem all of the Issuer's outstanding 8.125% senior secured notes due 2028 and to use cash on hand to pay the redemption premium and related fees and expenses for the offering and the redemption. The redemption of the Existing 2028 Notes is expected to be conditioned on the closing of the offering, after the date hereof and on or prior to the redemption date, generating sufficient gross proceeds no less than the aggregate principal amount of the Existing 2028 Notes to be redeemed.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.