Welcome to our dedicated page for Venture Global news (Ticker: VG), a resource for investors and traders seeking the latest updates and insights on Venture Global stock.
Venture Global, Inc. (VG) is a leading innovator in liquefied natural gas production, operating advanced facilities in Louisiana. This page provides a comprehensive repository of official announcements, financial disclosures, and strategic developments directly from the company and verified sources.
Access timely updates on operational milestones, including facility expansions, supply agreements, and technological advancements. Investors will find earnings reports, partnership announcements, and market positioning statements essential for tracking VG's role in the evolving energy sector.
Our curated collection includes press releases covering production innovations, sustainability initiatives, and regulatory compliance updates. All content is organized chronologically for efficient research, with clear sourcing to ensure transparency.
Bookmark this page for streamlined access to Venture Global's latest developments. Combine regular checks with our email alert system to stay informed about critical LNG industry updates affecting your investment decisions.
Venture Global announced that its subsidiary, Venture Global Plaquemines LNG (VGPL), has successfully closed a $2.5 billion senior secured notes offering. The notes were issued in two series:
- $1.25 billion of 7.50% senior secured notes due 2033
- $1.25 billion of 7.75% senior secured notes due 2035
The proceeds will be used to prepay existing senior secured first lien credit facilities and cover offering-related expenses. The notes are guaranteed by Venture Global Gator Express and secured by first-priority security interest in assets. These securities were not registered under the Securities Act and cannot be offered or sold in the US without registration or exemption.
Venture Global (NYSE: VG) has scheduled its first quarter 2025 earnings release and conference call. The company will publish its Q1 2025 financial results before market open on Tuesday, May 13, 2025. A conference call for investors and analysts will follow at 9:00 am Eastern Time on the same day. The event will include a listen-only webcast with accompanying slide presentation, accessible through Venture Global's Investor Relations website. A replay of the conference call will be made available on the company website after the event.
Venture Global has achieved a significant milestone with the commercial operation commencement of its Calcasieu Pass LNG export project. The project was completed in just 68 months from final investment decision, making it one of the fastest greenfield LNG projects despite facing challenges including a global pandemic, two hurricanes, and power facility issues.
The facility features an innovative configuration with mid-scale, modular liquefaction trains and sequential process facilities. After completing multi-year rectification of key components, the project is now ready for safe and reliable operation. The project maintained an exemplary safety record, surpassing industry average Total Recordable Incident Rate standards.
The project's multi-billion-dollar contracts will positively impact US-European trade relations. Long-term sales agreements offer competitive pricing with liquefaction fees under $2/mmbtu, providing customers access to low-cost North American LNG through 20-year contracts.
Venture Global has received approval from the U.S. Department of Energy to export liquefied natural gas (LNG) to non-FTA countries for its CP2 LNG project in Cameron Parish, Louisiana. The company has already initiated the Final Investment Decision (FID) process for CP2 LNG.
The initial phase of CP2 LNG has secured 20-year sales and purchase agreements with major energy companies including ExxonMobil, Chevron, JERA, New Fortress Energy, INPEX, China Gas, SEFE, and EnBW. Venture Global is currently in discussions for the remaining capacity and has begun significant off-site construction while awaiting regulatory authorizations.
Venture Global (NYSE: VG) has announced a major brownfield expansion of its Plaquemines LNG facility near New Orleans, Louisiana. The expansion will add 24 trains, representing an $18 billion additional investment and bringing Venture Global's total US project investments to over $75 billion.
The facility's production capacity will increase by over 18 MTPA, elevating the total expected capacity from 27 MTPA to more than 45 MTPA, making it North America's largest LNG export facility. The expansion will support hundreds of permanent Louisiana jobs and thousands of indirect jobs across more than 30 states.
The company expects to make a Final Investment Decision on the expansion following first production at CP2. The project, initially approved during President Trump's administration, aims to supply LNG to allies while improving the U.S. balance of trade.
Venture Global (NYSE: VG) reported strong financial results for Q4 and full year 2024, with revenue of $1.5B for Q4 and $5.0B for the full year. The company achieved net income of $0.9B in Q4 and $1.5B for 2024, along with Consolidated Adjusted EBITDA of $0.7B and $2.1B respectively.
Key operational highlights include the Plaquemines Project achieving first LNG production and cargo export in December 2024. The project's liquefaction trains demonstrated 140% of nameplate capacity. The company advanced its CP2 development with $4.0B spent on construction and is launching the FID process.
For 2025 outlook, Venture Global projects Consolidated Adjusted EBITDA between $6.8B-$7.4B, with expected cargo exports of 140-148 from Calcasieu Project and 219-239 from Plaquemines Project. Commercial operations at Calcasieu Pass are anticipated to commence on April 15, 2025.
Venture Global (NYSE: VG) has announced details of its previously declared cash dividend. The company's board of directors has set a dividend payment of $0.0165 per share, amounting to approximately $40 million in total. The dividend will be distributed to holders of both Class A and Class B common stock on March 31, 2025. Shareholders must be on record by the close of business on March 10, 2025 to be eligible for this payment.
Venture Global has announced that its Calcasieu Pass facility will begin commercial operations on April 15, 2025. The facility will achieve its commercial operation date (COD) in less than 68 months from its August 2019 final investment decision, despite facing significant challenges including two hurricanes, the COVID-19 pandemic, and major manufacturing issues with Heat Recovery Steam Generators (HRSGs).
The achievement positions Calcasieu Pass among the fastest completed greenfield LNG projects. The company will now supply its long-term customers with the full 20-year contract term of low-cost, clean LNG as promised under their contracts.
Venture Global (NYSE: VG) has announced its schedule for the release of Q4 and full-year 2024 financial results. The company will publish its earnings report before market open on Thursday, March 6, 2025. Following the release, Venture Global will host a conference call at 9:00 am Eastern Time on the same day to discuss the results and provide fiscal year 2025 guidance. A webcast of the call and accompanying slide presentation will be available on the company's Investor Relations website, with a replay available after the event.
Venture Global announced the pricing of its initial public offering of 70,000,000 shares of Class A common stock at $25.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 10,500,000 shares. Trading is expected to begin on the New York Stock Exchange on January 24, 2025, under the symbol 'VG', with the offering closing on January 27, 2025.
The IPO is led by joint book-running managers Goldman Sachs, J.P. Morgan, and BofA Securities, alongside numerous other financial institutions acting as joint book-running managers and co-managers. The offering will be conducted through a prospectus following the effective registration statement on Form S-1 filed with the SEC.
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