Venture Global, Inc. Stock Price, News & Analysis

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.

Dynatrace (NYSE: DT) has appointed two new executives to its leadership team: Nicole Fitzpatrick as General Counsel and Sue Quackenbush as Chief People Officer. Fitzpatrick, with over 20 years of legal experience, will oversee global legal affairs and lead the ESG program. Quackenbush, with 25 years in human resources, will focus on talent strategies and enhancing workplace culture. CEO Rick McConnell emphasized their experience will strengthen Dynatrace's position to capitalize on market opportunities amidst growing demand for cloud observability and security.

Vonage, a leader in cloud communications, has been recognized by Frost & Sullivan as a leader in growth and innovation within the European Contact Center as a Service (CCaaS) market. The recognition highlights Vonage's investment in innovation and its robust Contact Center solution, which integrates multiple communication channels with CRM platforms. The Frost Radar report ranks cloud contact center providers based on their product portfolio and growth strategy, emphasizing Vonage's commitment to delivering advanced functionalities and deep integrations with systems like Salesforce and Microsoft Teams.

Ericsson (NASDAQ: ERIC) has finalized its acquisition of Vonage (NASDAQ: VG) as of July 21, 2022. This strategic move aims to expand Ericsson's enterprise offerings, notably in Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS). The integration is expected to yield near-term revenue synergies of approximately USD 0.4 billion by 2025, leveraging Vonage's extensive client base and developer community. The acquisition is set to enhance Ericsson's ability to offer advanced communications capabilities and is projected to positively impact its earnings per share from 2024 onwards.

Vonage announced the successful completion of its acquisition by Ericsson, effective July 21, 2022. This event triggered a 'Fundamental Change' affecting the 1.75% Convertible Senior Notes due 2024. Holders of these Notes can request repurchase at 100% of the principal amount, plus accrued interest, by the designated repurchase date of August 19, 2022. Additionally, they can convert their Notes into cash at a conversion rate of $1,343.81 for each $1,000 principal amount. This press release serves to inform Note holders of their rights and options following the acquisition.

Vonage (Nasdaq: VG) has partnered with Revolut to enhance customer service through the Vonage Contact Center for Salesforce. This integration allows Revolut agents to efficiently manage customer communications, leveraging real-time performance data. With over 18 million users, Revolut processes more than 150 million transactions monthly. The partnership aims to streamline operations and improve user experience, utilizing Vonage's SMS API for secure transactions. This move is expected to drive customer engagement and operational efficiency for both companies.