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VG +4.74% on Nov 12 · Analysis updated Nov 12, 2026, 4:46 PM ET
Why is Venture Global, Inc. (VG) stock up?
Venture Global is rebounding after a sharp fall. The stock dropped from $14.79 on Oct 30 to $11.52 on Nov 5. A 13% one-day fall on Nov 2 followed Plaquemines Phase 1 reaching commercial operations. It has since risen to about $13.26, a fourth straight gain, and is still below the Oct 30 level. The Q3 report on Nov 10 supports the recovery. Revenue was $4.8B, up 43%, and adjusted EBITDA was a record $2.6B, up 69%. EPS of $0.96 beat the $0.51 estimate. 2026 EBITDA guidance was raised to $10.0-10.3B. Analysts are adding support: BofA raised its target to $18 and Wells Fargo upgraded the stock with a $21 target. Volume of about 14.7M is below the roughly 18.8M average, so the move is not backed by heavy trading. Risks are heavy debt of $42.5B, guidance that relies on liquefaction fees of $21-22/MMBtu, a BP arbitration ruling that puts billions at risk, and 2027 guidance that is not out yet. The Q3 net income also includes a $1.4B non-cash swap gain. Scores are model opinions, not guarantees.
News behind the analysis
- Venture Global Reports Third Quarter 2026 ResultsQ3 revenue was $4.8B, up 43%. Adjusted EBITDA guidance for 2026 was raised to $10.0-10.3B from $8.7-9.1B, assuming a $21-22/MMBtu liquefaction fee on unsold cargoes.
- Venture Global Eyes AI Power Gold Rush, Raises 2026 Profit OutlookEPS of $0.96 beat the $0.51 estimate. Adjusted EBITDA rose 69% to $2.6B, and a $0.04 quarterly dividend was declared.
- Venture Global (VG) Q3 2026 Earnings Call Transcript2026 cargo guidance is 509-518 cargoes. The company finished the quarter with $5.1B of cash and plans to give 2027 EBITDA guidance on its next earnings call.
- Why Did Venture Global Stock Jump?Shares rose 5.5% on Nov 11, a day after the Q3 beat and guidance raise. Peers also rose, but VG gained more than the median of its sub-industry.
- What Just Happened To Venture Global Stock?Shares fell 13.0% on Nov 2 after Plaquemines Phase 1 began commercial operations. Debt was $42.5B as of June 30.
- Venture Global: VG Stock Price Quote & NewsReuters reports Venture Global asked the DOE for approval to re-export LNG from CP2. Shares traded around $13.31 on Nov 12.
- Venture Global (VG) Stock Price & OverviewBofA raised its target to $18 from $16 with a Buy rating. Wells Fargo upgraded the stock to Overweight with a $21 target.
- VG Stock Quote Price and ForecastRecent headlines include a GE Vernova and Baker Hughes AI power deal, and an 11% drop on Oct 15.
- VG Stock News & SentimentTipRanks flagged an earlier slide on a BP LNG arbitration ruling that puts billions at risk. Sentiment on recent coverage was mixed.
- Venture Global Stock Price and ChartNew 20-year LNG deals total 2 MTPA, including 1 MTPA with ConocoPhillips from 2030. The next earnings report is scheduled for Mar 11, 2027.
About Venture Global, Inc.
Venture Global is a US company that turns natural gas into liquefied natural gas (LNG) and exports it from its Calcasieu Pass and Plaquemines plants in Louisiana, with a third plant, CP2, under construction. It stands out for building its plants quickly from many small factory-made modules, and for selling a large share of its output on short-term and spot markets, not only through long-term contracts.
How it makes money
It buys US natural gas, chills it into LNG and sells cargoes to utilities, energy majors and traders around the world. Some revenue comes from long-term (often 20-year) contracts that pay fixed liquefaction fees. A large share comes from cargoes sold at market prices, including commissioning cargoes produced before a plant is officially in commercial operation, plus newer five-year deals with firms like TotalEnergies, Trafigura and Vitol. Trailing-twelve-month revenue was roughly $17 billion as of mid-2026. The company owns pipelines, ships and regasification assets too, and is heavily financed with debt.
What usually moves VG
- Global LNG prices versus US natural gas prices
- Construction timelines and start-up dates at Plaquemines and CP2
- Supply disruptions abroad, e.g. in the Middle East
- Contract disputes and arbitration with long-term customers
- Interest rates and debt refinancing
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