Venture Global, Inc. Stock Price, News & Analysis

Venture Global (NYSE:VG) has secured a significant 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd., a subsidiary of Malaysia's state-owned oil and gas company. Under the agreement, PETRONAS will purchase 1 million tonnes per annum (MTPA) of LNG from Venture Global's CP2 LNG facility.

This deal expands upon an existing agreement with PETRONAS for 1 MTPA from Plaquemines LNG. The CP2 facility has now sold approximately 10.75 MTPA of its 14.4 MTPA Phase One nameplate capacity, marking significant progress in securing long-term contracts with global partners.

Venture Global's (VG) Calcasieu Pass LNG export facility received a credit rating upgrade from S&P Global Ratings to investment-grade 'BBB-' from 'BB+'. The upgrade applies to the facility's $4.75 billion senior secured notes and ~$900 million construction term loan.

The rating improvement follows two significant milestones: the commencement of commercial operations on April 15, 2025, with LNG deliveries under long-term agreements, and the successful completion of the lenders' reliability test in May 2025. S&P maintains a stable outlook, citing strong offtake agreements and expected sustained production at or above nameplate capacity.

Venture Global ($VG) has commenced site work at its third LNG export facility, CP2 LNG, following key federal approvals from FERC and the U.S. Department of Energy. The project, set to begin LNG supply by 2027, will create approximately 7,500 direct construction jobs and 400 permanent positions in Louisiana, while supporting thousands of indirect jobs across 30 states. CP2 will contribute over $4 billion in local property taxes during operations. The facility, built using Venture Global's modularized strategy, is already advancing in engineering and off-site module construction. Upon completion, Venture Global is expected to become the largest LNG exporter in the U.S. and second-largest globally, serving customers in Europe, Japan, and other global allies.

Venture Global (NYSE: VG) has announced details of its previously declared cash dividend. The company will pay a dividend 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 June 30, 2025. Shareholders must be on record by the close of business on June 10, 2025 to be eligible for this dividend payment.

Venture Global has announced a $37,300 donation to the Coalition to Restore Coastal Louisiana (CRCL) for coastal restoration projects in Plaquemines Parish, Louisiana. The donation is part of the company's "Catch for the Coast" initiative in partnership with the New Orleans Saints, where Venture Global pledged $10 for every receiving yard gained by the Saints during the 2024 NFL season. The Saints accumulated 3,730 receiving yards, resulting in the final donation amount.

The initiative aims to address Louisiana's critical coastal erosion problem, with the state losing a football field of coastal wetlands every 100 minutes. The donation will support CRCL's science-based methods to protect and restore Louisiana's coastline, ensuring the preservation of local communities, industries, and culture.

Venture Global (NYSE: VG) reported strong Q1 2025 financial results, with revenue reaching $2.9 billion, up 105% year-over-year. The company achieved income from operations of $1.1 billion (up 75%) and Consolidated Adjusted EBITDA of $1.3 billion (up 94%). LNG exports hit a record 234 TBtu, increasing 93% from Q4 2024.

Key achievements include Calcasieu Pass commencing Commercial Operations, CP2 receiving authorization for non-FTA LNG exports, and securing a $3.0 billion credit facility. Notably, 18 Phase 1 liquefaction trains at Plaquemines demonstrated production levels of ~140% of nameplate capacity. The company updated its 2025 guidance, projecting Consolidated Adjusted EBITDA of $6.4-6.8 billion and expecting to export 145-150 cargos from Calcasieu and 222-239 from Plaquemines.

Venture Global has secured a $3 billion bank loan facility for its CP2 LNG project through its subsidiary Venture Global CP2 LNG. The financing, supported by 19 banks, will fund manufacturing, procurement, and engineering of its natural gas liquefaction and export facility in Cameron Parish, Louisiana. This follows a recent $2.5 billion Plaquemines bond transaction, bringing total capital markets transactions to $5.5 billion in two weeks.

The CP2 project, which has already received over $4 billion in investment, is expected to have a peak production capacity of 28.0 MTPA. The project will receive its first two liquefaction trains (numbers 55 and 56) in the coming months. SMBC will serve as Left Lead Arranger, Sole Bookrunner, and Administrative Agent, with multiple other major banks participating in various lead roles.

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.