Every 8-K that Venture Global, Inc. (VG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VG filings page.
Venture Global, Inc. (VG) reported that its wholly owned subsidiary, Venture Global LNG, Inc. (VGLNG), entered into a new senior secured revolving credit facility allowing VGLNG to borrow up to $3,000,000,000 under a 364-day credit agreement. The facility and all borrowings mature on September 1, 2027 and may be used for general corporate purposes of VGLNG and its subsidiaries, with the company noting potential funding of project costs for the CP2 and Plaquemines bolt-on expansions prior to their respective FIDs. The facility is secured by a first-priority perfected security interest in substantially all existing and future assets of VGLNG and any future guarantors, subject to certain exceptions, and currently has no guarantors. The agreement includes customary restrictive covenants, maintenance covenants, and events of default. Borrowings bear interest at SOFR or a base rate, at VGLNG’s election, plus margins that start at 2.50% per annum for SOFR loans and 1.50% per annum for base rate loans, with potential margin reductions based on achieving specified ratings.
Venture Global, Inc. reported strong second-quarter 2026 results, with revenue of $4.6 billion, up 48% year over year, and income from operations of $2.2 billion, up 111%. Net income attributable to common stockholders was $1.3 billion, an increase of 266%, and Consolidated Adjusted EBITDA reached $2.5 billion, up 79%.
The company exported 127 cargos and sold 466.4 TBtu of LNG in the quarter, and expanded total assets to $61.5 billion. Management raised full-year 2026 Consolidated Adjusted EBITDA guidance to $8.7–$9.1 billion, tightened expected 2026 cargos to 500–518, and disclosed that 91% of 2026 cargos are contracted.
Venture Global highlighted major project progress at Calcasieu Pass, Plaquemines and CP2 and executed several large refinancings, including $2.25 billion of senior secured notes and term loans totaling $3.25 billion, which the CEO stated translate into more than $100 million of annual cost savings. The board declared a $0.04 per share dividend for the third quarter.
Venture Global, Inc. reported key LNG operating metrics for the quarter ended June 30, 2026. The company sold and recognized in revenue 466.4 TBtu of LNG at an implied weighted average fixed liquefaction fee of $6.45 per MMBtu, and exported 127 cargos from its LNG facilities.
From the Calcasieu Pass facility, Venture Global sold 137.5 TBtu and exported 37 cargos, while the Plaquemines facility contributed 328.9 TBtu and 90 cargos. Five Plaquemines cargos totaling 20.1 TBtu were exported on delivered terms and will be recognized as revenue in the following quarter.
The company explains that LNG revenue is recognized when control transfers to customers, with timing depending on contract terms such as FOB or delivered arrangements. Full second-quarter 2026 net income, cash flow and other financial results will be released with the company’s broader earnings announcement.
Venture Global, Inc. announced that its wholly owned subsidiary, Venture Global Shipping Holdings, LLC, entered into a senior secured term loan facility of up to $1,500,000,000 to finance nine LNG carriers and related purposes. The facility is sized as the lesser of this cap or 65% of the aggregate appraised value of the vessels.
The loan matures on June 26, 2032, carries interest at Term SOFR plus a 2.00% margin, and amortizes quarterly on a 20‑year age‑adjusted profile for each tranche. Proceeds will be used for general corporate purposes, including reimbursing Venture Global LNG, Inc. for prior vessel acquisition payments, funding reserves, and paying fees and expenses.
The borrowing is guaranteed by the vessel owner subsidiaries and secured by first‑priority ship mortgages, equity pledges and assignments of vessel earnings and bareboat charters. The agreement includes customary covenants, a minimum debt service coverage ratio tested from December 31, 2026, and collateral maintenance tests starting in December 2026.
Venture Global, Inc., through its subsidiary Venture Global LNG, completed a $2.25 billion senior secured notes offering to refinance existing debt. The company issued $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036, placed with institutional investors under Rule 144A and Regulation S.
Gross proceeds were used to redeem all outstanding 8.125% senior secured notes due 2028, with cash on hand covering the redemption premium and related fees. The new notes are secured on a first-priority basis alongside existing notes and the revolving credit facility, feature covenants limiting additional indebtedness, restricted payments and certain transactions, and include optional redemption rights and a Suspension Period during which guarantees and security can fall away if the notes are rated investment grade.
Venture Global, Inc. is refinancing debt through a private offering of $2.25 billion of senior secured notes issued by its subsidiary Venture Global LNG, Inc. The new debt consists of $1.125 billion of 6.375% notes due 2034 and $1.125 billion of 6.625% notes due 2036.
The subsidiary intends to use the gross proceeds to redeem all outstanding 8.125% senior secured notes due 2028 at 102.031% of principal plus accrued interest, with cash on hand funding the redemption premium and fees. The redemption and closing of the offering are expected on June 11, 2026, subject to customary conditions and sufficient proceeds.
Venture Global, Inc. reported a leadership change at a key subsidiary. Thomas Earl, Chief Commercial Officer of VG LNG Marketing, LLC (UK Branch), notified the company that he will step down from his position effective June 1, 2026.
After that date, Mr. Earl will remain an employee in a non-executive capacity for a one-year term, while internal personnel take over his former duties and responsibilities. The company expressed appreciation for his years of leadership and intends to continue working with him in his new role.
Venture Global, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on May 27, 2026. Shareholders elected all seven director nominees to the Board to serve until the 2027 annual meeting, with each nominee receiving over 19.9 billion votes in favor.
Shareholders also ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026, with 20,134,990,654 votes for, 477,635 against, and 567,828 abstentions, and no broker non-votes reported on this proposal.
Venture Global, Inc. reported a strong first quarter of 2026, with revenue of $4.6 billion, up 59% from Q1 2025. Income from operations rose to $1.2 billion, and net income attributable to common stockholders grew 23% to $488 million. Consolidated Adjusted EBITDA reached $1.4 billion, a 2% increase.
The company exported 130 LNG cargos and sold 481 TBtu, more than doubling volumes year over year. Total assets reached $56.3 billion. Venture Global sharply increased its 2026 Consolidated Adjusted EBITDA guidance to $8.2–$8.5 billion, and tightened expected 2026 cargo volumes to 494–523 cargos.
Strategic milestones included a final investment decision for CP2 Phase II with an associated $8.6 billion project financing, bringing total CP2 financing to $20.7 billion, plus additional term loans and notes to refinance existing obligations. The company reaffirmed targeted commercial operations dates for Plaquemines Phase I in Q4 2026 and Phase II in mid‑2027.
Venture Global, Inc. announced that its subsidiary Venture Global Calcasieu Pass, LLC issued $750,000,000 of 6.000% senior secured notes due May 1, 2036. VGCP used the proceeds, along with cash on hand and hedge termination proceeds, to fully prepay its outstanding term loans and pay related fees.
The notes are guaranteed by TransCameron Pipeline, LLC and secured on a pari passu basis with VGCP’s existing senior secured first lien credit facilities and existing senior secured notes. The notes were sold in a private offering to qualified institutional buyers and under Regulation S exemptions.
Venture Global, Inc. entered into a new $1,750,000,000 senior secured term loan B facility through its indirect subsidiary Calcasieu Pass Funding, LLC. The loan was fully drawn on April 10, 2026 and will mature on April 10, 2033.
Proceeds are being used to redeem in full preferred equity previously issued to Stonepeak Bayou Holdings II LP, pay related fees and expenses, and fund working capital and general corporate purposes. The facility bears interest at Term SOFR plus a margin or a Base Rate plus a margin and is secured by a first‑priority lien on substantially all of the borrower’s assets and equity.
Venture Global stated that this $1.75 billion financing meaningfully reduces its overall cost of capital, strengthens its balance sheet and liquidity, and demonstrates continued access to capital markets as it advances its LNG projects.
Venture Global, Inc. reported key LNG operating metrics for the quarter ended March 31, 2026, including sales of 480.8 TBtu of LNG at an implied weighted average fixed liquefaction fee of $3.82 per MMBtu and 130 cargos exported from its facilities.
The company sold and recognized revenue on 141.2 TBtu and 38 cargos from its Calcasieu Pass facility and 339.6 TBtu and 92 cargos from its Plaquemines facility. It also exported two Plaquemines DES cargos totaling 8.3 TBtu that will be recognized next quarter, and reiterated its revenue recognition policy and that full first-quarter 2026 financial results will be released with its earnings announcement.
Venture Global, Inc. has reached a commercial settlement agreement with Edison S.p.A. to resolve the pending arbitration related to the Calcasieu Pass LNG project. Completion of the settlement is expected by the end of Q2 2026, at which point the arbitration will be terminated and the dispute fully resolved.
As part of the agreement, an affiliate of Venture Global Calcasieu Pass will deliver additional LNG cargoes to Europe beyond those in the existing long-term contract, primarily serving the Italian market. The first delivery is scheduled for May 2026 at the Adriatic LNG Terminal in Italy. The companies describe this as a significant step that strengthens their commercial cooperation and long-term partnership while supporting energy supply stability.
Venture Global, Inc. has taken final investment decision and closed an $8.6 billion project financing for Phase 2 of its CP2 LNG project, bringing total CP2 financing to $20.7 billion. Through its subsidiary CP2, the company upsized its senior secured construction term loan facilities and working capital facility to fund Phases 1 and 2 of the CP2 liquefaction plant and CP Express pipeline in Louisiana.
The loans bear interest at SOFR or base rate plus margins of 2.25%–2.75% and 1.25%–1.75%, respectively, and are secured by first‑priority liens on substantially all CP2 and guarantor assets. The facilities include customary covenants limiting additional debt, liens, asset sales and restricted payments, and must be repaid by July 28, 2032. Management highlights that five major LNG project FIDs have now been reached in less than seven years, with more than $95 billion in capital markets transactions executed.
Venture Global, Inc. reported a breakout 2025, with full-year revenue of $13.8 billion, up 177%, and income from operations of $5.2 billion, up 192%. Net income attributable to common stockholders rose 53% to $2.3 billion, while Consolidated Adjusted EBITDA nearly tripled to $6.3 billion, up 198%.
The company exported 380 LNG cargos and sold 1,409 TBtu in 2025, both new records, and grew total assets to $53.4 billion. Venture Global added significant commercial backlog with new long-term SPAs, including 1.5 MTPA to Hanwha from 2030 for 20 years and about 0.5 MTPA to Trafigura for five years from 2026.
For 2026, management guides Consolidated Adjusted EBITDA to $5.20–$5.80 billion on 486–527 cargos, reflecting some first-quarter margin compression but continued strong LNG volumes. Construction at Plaquemines and CP2 is progressing, with Plaquemines Phase I COD targeted for Q4 2026 and Phase II in mid‑2027.
Venture Global, Inc. entered into a major engineering, procurement and construction contract for Phase 2 of its CP2 LNG Project. The agreement is between its wholly owned subsidiary, Venture Global CP2 LNG, LLC, and Worley Field Services Inc..
Worley will design the balance of plant, procure equipment not covered by other contracts, coordinate subcontractors, install and connect CP2-supplied equipment, construct the project’s power plant, and provide project controls and performance indicators. Worley must deliver facilities that pass defined performance tests and comply with all applicable standards and laws.
CP2 will reimburse Worley for specified project costs plus overhead and an agreed profit margin, based on a target price that can change only under limited conditions such as approved change orders or schedule adjustments. The contract also includes milestone-based schedules, completion deadlines, and bonus incentives tied to meeting schedule and performance requirements.
Venture Global, Inc. reported that the International Chamber of Commerce International Court of Arbitration has issued a final award in favor of its indirect subsidiary Venture Global Calcasieu Pass, LLC in an arbitration with Repsol LNG Holding, S.A. over LNG sales under their long-term sales and purchase agreement for the Calcasieu Project.
The tribunal found that Venture Global Calcasieu Pass acted as a “Reasonable and Prudent Operator” when it declared commercial operation date on April 15, 2025, and it denied Repsol’s claims in their entirety. The tribunal also awarded fees to Venture Global Calcasieu Pass.
The company notes that multiple proceedings have now affirmed its position that it has honored the clear and mutually agreed terms of its long-term contracts, and it refers investors to its Form 10-K risk factors for further discussion of arbitration and litigation risks.
Venture Global, Inc. reported key LNG operating metrics for the quarter ended December 31, 2025 and updated its full-year 2025 Consolidated Adjusted EBITDA guidance. The company exported 128 cargos, selling 478.3 TBtu of LNG at an implied weighted average fixed liquefaction fee of $5.15 per MMBtu.
From the Calcasieu Pass facility, it shipped 38 cargos totaling 140.1 TBtu with an implied fee of $2.01 per MMBtu (including estimated arbitration reserves). From Plaquemines, it shipped 90 cargos totaling 338.2 TBtu with an implied fee of $6.02 per MMBtu, and one DES cargo from Plaquemines will be recognized in the following quarter.
Due to unusual factors affecting volumes and pricing, including shipping constraints and commodity price changes, Venture Global reduced and tightened its full-year 2025 Consolidated Adjusted EBITDA guidance to a range of $6.180 billion to $6.240 billion. Full fourth-quarter and full-year financial results will be provided with the company’s earnings release.
Venture Global, Inc. disclosed that its indirect wholly owned subsidiary, Venture Global Plaquemines LNG, LLC (VGPL), has issued two new series of senior secured notes totaling $3.0 billion. VGPL sold $1.75 billion of 6.125% senior secured notes due 2030 and $1.25 billion of 6.500% senior secured notes due 2034 in a private offering to qualified institutional buyers under Rule 144A and to non‑U.S. investors under Regulation S.
The 2030 notes mature on December 15, 2030, and the 2034 notes mature on June 15, 2034, with interest on both series paid semi‑annually on June 15 and December 15, starting June 15, 2026. The notes are guaranteed by Venture Global Gator Express, LLC and share collateral with VGPL’s existing term loan, revolving facilities and existing notes under a common indenture that includes customary covenants and events of default. VGPL may redeem each series before stated call dates with a make‑whole premium and at par plus accrued interest after those dates.
Venture Global, Inc. (VG) announced it issued a press release covering financial results for the quarter ended September 30, 2025 and will hold a conference call on November 10, 2025. The company furnished the press release as Exhibit 99.1. The materials reference non‑GAAP financial measures, with a reconciliation to GAAP provided in the press release. The information is furnished and not deemed filed under the Exchange Act.
Venture Global, Inc. reports mixed developments related to arbitration over its Calcasieu Pass LNG project. The company has reached a new settlement with a post-commercial operations date customer, fully resolving that arbitration with no material impact on the company.
In a separate case, the International Chamber of Commerce tribunal issued a partial final award in the ongoing arbitration with BP Gas Marketing Limited under a long-term LNG sales and purchase agreement. The tribunal found that Venture Global Calcasieu Pass, LLC breached obligations to declare commercial operations on time and to act as a “Reasonable and Prudent Operator,” among other obligations. BP is seeking damages in excess of $1.0 billion, plus interest, costs and attorneys’ fees. Remedies will be decided in a separate damages hearing anticipated in 2026, and the company does not expect the final award to be limited by the seller aggregate liability cap in the contract.
The company disagrees with the decision, is evaluating its options, and notes that the contract remains in force, with 14 cargos delivered to BP so far.
Venture Global, Inc. reported operating metrics for the quarter ended September 30, 2025, highlighting LNG export volumes and associated liquefaction fees ahead of its full third-quarter earnings release. The company exported 100 cargos totaling 371.8 TBtu from all facilities, earning a weighted average fixed liquefaction fee of $5.07/MMBtu.
From the Calcasieu Pass facility, Venture Global shipped 36 cargos totaling 133.0 TBtu with a weighted average fixed liquefaction fee of $1.97/MMBtu. From the Plaquemines LNG facility, it shipped 64 cargos totaling 238.8 TBtu with a weighted average fixed liquefaction fee of $6.79/MMBtu.
The company explains that LNG revenue is recognized when control transfers to customers, typically when a vessel is loaded for FOB cargos or upon delivery for DES and other delivered terms. For this quarter, two DES cargos exported from Plaquemines will be recognized in the following quarter, while revenue was recognized from 2.88 TBtu of a partially loaded Plaquemines cargo. Management notes that these metrics reflect only part of overall performance, with full net income, cash flow and other financial results to be provided with the third-quarter earnings announcement.
Venture Global, Inc. reported that its joint venture Blackfin Pipeline, LLC entered into senior secured credit facilities totaling $1.550 billion on September 29, 2025. The package includes a $1.050 billion term loan, a delayed-draw construction loan facility of up to $425 million, and a $75 million revolving and letter-of-credit facility.
These loans will help fund development, construction, maintenance and related costs for a roughly 3.3 Bcf/d natural gas pipeline system in Texas, as well as reimburse certain company affiliates for prior project spending and cover working capital and reserve needs. The main term loan matures in 2032, while the construction and revolving facilities mature in 2030, and all bear interest at Term SOFR or a base rate plus an agreed margin.
Venture Global disclosed that an partial final award was issued by the International Chamber of Commerce, International Court of Arbitration in the arbitration between its indirect subsidiary Venture Global Calcasieu Pass, LLC (VGCP) and Shell NA LNG LLC concerning LNG sales from the Calcasieu Project under the parties' LNG sales and purchase agreement. The company furnished a press release describing the award as Exhibit 99.1.
The filing is furnished (not filed) and includes the company’s standard forward-looking statements disclaimer, noting uncertainty in arbitration outcomes and potential exposure to other legal proceedings and related risks; it refers investors to the company’s most recent Annual Report for additional factors affecting risks.
Venture Global, Inc. furnished a press release on August 12, 2025 and will host a conference call on August 13, 2025 to discuss financial results for the quarter ended March 31, 2025. The press release is provided as Exhibit 99.1 to this Form 8-K.
The company states the press release and conference call reference non-GAAP financial measures and that Exhibit 99.1 includes a reconciliation from GAAP to non-GAAP. Venture Global also clarifies that the furnished information is not deemed "filed" under the Exchange Act. The report is signed by CFO Jonathan Thayer.
Venture Global, Inc. (NYSE: VG) filed an 8-K disclosing that its wholly owned subsidiary, Venture Global Plaquemines LNG, LLC (VGPL), completed a $4.0 billion private placement of senior secured notes on July 3, 2025.
- Tranche 1: $2.0 billion 6.50% notes due 2034.
- Tranche 2: $2.0 billion 6.75% notes due 2036.
The notes were sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Reg S. Interest is payable semi-annually starting January 15, 2026. Both series are senior secured obligations of VGPL, ranking pari-passu with the subsidiary’s existing credit facilities and its April 2025 notes, and guaranteed by Venture Global Gator Express, LLC. The collateral package is shared equally across all secured debt.
The indenture imposes customary restrictive covenants on additional indebtedness, restricted payments, liens, affiliate transactions, and asset sales, with defined carve-outs and exceptions. The company retains optional redemption rights: (i) make-whole call any time prior to six months before maturity, and (ii) par call thereafter.
The filing also triggers Item 2.03 (creation of a direct financial obligation) and includes a press release (Exhibit 99.1) announcing the closing of the offering. A copy of the indenture will be filed with the Q3 2025 Form 10-Q.