Venture Global, Inc. (VG) Stock Price & Analysis

Venture Global, Inc. (VG) closed at USD 12.81 on Thursday, October 22, 2026, down 0.31% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 12.85; the Oct 22, 2026 session ranged USD 12.24–13.08 on volume of 19,512,709 shares. Market capitalization is $32.03B, with a 52-week range of USD 5.72–17.62 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:37 UTC.

Also available as compact Markdown for AI agents: nexqual.com/VG.md

Key facts (VG)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VG)

USDFY2023FY2024FY2025TTM
Revenue$7.90B$4.97B$13.8B$17.0B
Operating income$4.85B$1.76B$5.16B$6.38B
Net income$3.62B$1.75B$2.73B$3.78B
EPS (diluted)$1.25$0.57$0.86—
Free cash flow-$3.54B-$11.6B-$6.80B-$6.99B
Operating margin61.4%35.5%37.4%37.6%
Net margin45.8%35.1%19.8%22.3%
Revenue growth—-37.0%+176.9%—
Cash + short-term investments$5.87B$3.61B$2.35B—
Total debt—$29.3B$34.2B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (VG)

P/E 8.5x · P/E ex non-operating (est.) ≈6.1x · P/S 1.9x · EV/EBITDA 9.6x · EV/Sales 4.2x · P/B 3.7x · FCF yield -21.83% · Earnings yield 11.81% · Dividend yield (paid, TTM) 0.96% · Net debt $38.7B · EV $70.7B

P/E at fiscal year-ends: Dec 2025 6.6x.

Insider sales (SEC Form 4, open-market, last ~7 months) (VG)

16 of 25 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-19…2026-10-20Thayer Jonathan WChief Financial Officer222,222$2.8M100%YesToo little history (no open-market trades in 2023–2025)
2026-10-14…2026-10-15Larson Keith DGeneral Counsel and Secretary784,657$10.1M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-09-17…2026-09-18Thayer Jonathan WChief Financial Officer222,222$3.2M100%YesToo little history (no open-market trades in 2023–2025)
2026-09-16…2026-09-17Larson Keith DGeneral Counsel and Secretary789,958$11.5M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-09-14Cothran BrianChief Operating Officer152,660$2.5M100%YesToo little history (no open-market trades in 2023–2025)
2026-09-08…2026-09-09Larson Keith DGeneral Counsel and Secretary2,350,000$35.7M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-19…2026-08-20Musser ForySenior VP, Development272,013$3.9M100%NoToo little history (no open-market trades in 2023 or 2024)
2026-08-18…2026-08-19Thayer Jonathan WChief Financial Officer222,222$3.1M100%YesToo little history (no open-market trades in 2023–2025)
2026-08-14…2026-08-17Musser ForySenior VP, Development469,547$6.6M100%NoToo little history (no open-market trades in 2023 or 2024)
2026-08-14Blake SarahSVP, Chief Accounting Officer1,000,000$14.0M100%NoToo little history (no open-market trades in 2023–2025)
2026-08-13Larson Keith DGeneral Counsel and Secretary555,555$7.5M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-13Granat Sari BethDirector200,000$2.7M100%NoToo little history (no open-market trades in 2023–2025)
2026-08-13Staton Jimmy DDirector66,000$881K5.7%NoToo little history (no open-market trades in 2023 or 2024)
2026-07-20…2026-07-21Thayer Jonathan WChief Financial Officer222,222$3.1M100%YesToo little history (no open-market trades in 2023–2025)
2026-07-15…2026-07-16Larson Keith DGeneral Counsel and Secretary1,111,111$14.4M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-06-17…2026-06-18Thayer Jonathan WChief Financial Officer222,222$2.4M100%YesToo little history (no open-market trades in 2023–2025)
2026-06-15…2026-06-16Larson Keith DGeneral Counsel and Secretary1,111,111$12.9M100%YesToo little history (no open-market trades in 2023 or 2024)
2026-05-26…2026-05-27Musser ForySenior VP, Development500,000$6.4M100%NoToo little history (no open-market trades in 2023 or 2024)
2026-05-27Earl ThomasChief Commercial Officer1,000,000$12.4M100%NoToo little history (no open-market trades in 2023 or 2024)
2026-05-19…2026-05-21Cothran BrianChief Operating Officer626,066$9.2M100%NoToo little history (no open-market trades in 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Insider purchases (SEC Form 4, open-market, last ~7 months) (VG)

1 purchase, $16K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.

Trade dateInsiderRoleSharesValueAvg priceInsider type
2026-06-12Sabel MichaelSee Remarks1,226$16K13.04Too little history (no open-market trades in 2023 or 2024)

Analysts (VG)

Consensus Buy (mean 2.17 on a 1–5 scale), 18 analysts; mean target USD 17.22 (low 14, high 22).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-20Wells FargoUpgradeEqual-Weight → Overweight$15 → $21
2026-10-16BernsteinReiteratedMarket Perform$14
2026-09-10ScotiabankTarget raisedSector Perform$15 → $16
2026-08-12Wells FargoTarget raisedEqual-Weight$14 → $15
2026-07-22MizuhoTarget raisedNeutral$13 → $15

Total return (dividends reinvested) (VG)

1Y (from 2025-10-23)5Y (from 2025-01-20)
Total return+34.0%-46.0%
S&P 500 (SPY)+14.9%+80.3%
Per year+34.1%-29.6%
Volatility (annualized)73.7%87.6%
Max drawdown-40.0% (Mar 2026→Jun 2026)-74.3% (Jan 2025→Dec 2025)

VG revenue by business segment (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Plaquemines Project$3.77B82.3%+79.8%
Sales and shipping$1.84B40.3%+277.7%
Calcasieu Project$717.0M15.7%-23.3%
Total revenue$4.58B100%—

VG revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
LNG revenue$4.56B99.5%+47.9%
Other revenue$22.0M0.5%+4.8%
Total revenue$4.58B100%—

VG revenue by region (fiscal year ended Dec 31, 2025)

LineRevenueShare of totalYoY
United States$11.38B82.6%+143.4%
Germany$772.0M5.6%+331.3%
France$682.0M5.0%+742.0%
Netherlands$456.0M3.3%—
Other Geographical Areas$320.0M2.3%+720.5%
United Kingdom$164.0M1.2%—
Total revenue$13.77B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

VG suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierVenture Global CP2 LNG“For the CP2 Project, we are managing and expect to continue to manage additional scopes of work beyond those managed in our previous two projects by directly taking on incremental oversight, contract management and coordination responsibilities, based on lessons learned and the relationships we have fostered with construction and fabrication subcontractors while developing the Calcasieu and Plaquemines projects.”
PartnerVenture Global Partners II“◦VG Partners means Venture Global Partners II, LLC, our controlling shareholder;”
CompetitorChevron (CVX)“With respect to our projects, our current and potential competitors include, but are not limited to, (1) national energy companies, such as QatarEnergy, (2) major multinational energy companies, including BP, Chevron, ConocoPhillips, ExxonMobil, Shell and Total, (3) independent LNG producers, including Cheniere and Freeport LNG, (4) utility companies, such as Sempra, and (5) commodities marketing and trading firms…”
CompetitorExxonMobil (XOM)“With respect to our projects, our current and potential competitors include, but are not limited to, (1) national energy companies, such as QatarEnergy, (2) major multinational energy companies, including BP, Chevron, ConocoPhillips, ExxonMobil, Shell and Total, (3) independent LNG producers, including Cheniere and Freeport LNG, (4) utility companies, such as Sempra, and (5) commodities marketing and trading firms…”

Quoted from the company's 10-K filed Mar 2, 2026.

VG customer concentration

In the period ended Dec 31, 2025, 3 direct customers each accounted for at least 10% (23%, 14%, 13%) of revenue, per the company's 10-K filed Mar 2, 2026. The company does not name them.

VG analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.53$0.48+10.0%$4.68B7
Next quarter (ends Dec 2026)$0.56$0.36+55.9%$5.27B7
Current fiscal year (ends Dec 2026)$1.75$1.50+16.9%$18.65B8
Next fiscal year (ends Dec 2027)$1.24$0.95+30.9%$17.44B9

Key Statistics (as of October 23, 2026 at 10:37 UTC)

PriceUSD 12.81
Change▼ 0.31% (down)
Previous CloseUSD 12.85
OpenUSD 12.95
Day RangeUSD 12.24 – 13.08
52-Week RangeUSD 5.72 – 17.62
Volume19,512,709 shares
Market Cap$32.03B
ExchangeNYQ

Technical Analysis (VG)

Nexqual's technical model rates VG "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:37 UTC.

Overall SignalSTRONG SELL
RSI (14)43.81 (neutral)
vs SMA50Below (USD 13.8)
MACD-0.27 (negative)

Analyst Ratings (VG)

Wall Street analysts rate VG "Buy" based on 18 analysts, with a mean price target of USD 17.22 (range USD 14–22), per Nexqual as of October 23, 2026 at 10:37 UTC.

Consensus RatingBuy
Analyst Count18
Mean TargetUSD 17.22
High TargetUSD 22
Low TargetUSD 14
Buy / Hold / Sell11 / 7 / 0

Earnings (VG)

Next Earnings Date2026-11-10
EPS EstimateUSD 0.53
Revenue Estimate$4.68B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.51 vs est 0.49 ▲ beat
2026-03-31USD 0.19 vs est 0.12 ▲ beat
2025-12-31USD 0.42 vs est 0.35 ▲ beat
2025-09-30USD 0.15 vs est 0.23 ▼ miss

Source: Nexqual, October 23, 2026 at 10:37 UTC.

Financials & Fundamentals (VG)

Total Revenue$16.95B
Revenue Growth (latest quarter, YoY)+47.60%
Gross Margin+46.92%
Operating Margin+47.79%
Profit Margin+22.05%
ROE+33.64%
Debt / Equity3.55
Current Ratio1.19
Total Cash$3.15B
Total Debt$42.84B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)-$6.99B (-41.2% of revenue)

Source: Nexqual, October 23, 2026 at 10:37 UTC.

Financial Health Score (VG)

Nexqual rates Venture Global, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:37 UTC.

GrowthStrong — Revenue +177% YoY (annual)
ProfitabilityStrong — Gross margin 47% (last 12 months)
Balance SheetCritical — $3.12B cash and investments vs $41.8B debt (Jun 2026, SEC)
Cash FlowWeak — FCF negative: -$6.99B (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyStrong — ROE 34%, ROA 7.4%

Ownership (VG)

Insider Ownership+2.65%
Institutional Ownership+91.65%
Shares Outstanding531.49M
Float521.64M
Short % of Float+77.73%

Source: Nexqual, October 23, 2026 at 10:37 UTC.

Leadership (VG)

Venture Global, Inc. is led by Michael A. Sabel, Founder, Executive Co-Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 10:37 UTC.

Founder, Executive Co-Chairman of the Board & CEOMichael A. Sabel
Founder & Executive Co-Chairman of the BoardRobert Pender
Chief Financial OfficerJonathan W. Thayer
Chief Operating OfficerBrian Cothran
Senior Vice President of Investor RelationsMichael Pasquarello

Major Backers & Investors (VG)

Notable institutional backers of Venture Global, Inc. include Shaw D.E. & Co., Inc., Blackstone Inc, TCW Group, Inc., according to Nexqual as of October 23, 2026 at 10:37 UTC.

Active Investors

InvestorStake
Shaw D.E. & Co., Inc.2.94%
Blackstone Inc2.69%
TCW Group, Inc.2.68%
Goldman Sachs2.09%
Mnged PORT. Series-Tortoise Energy Infrastructure Total Return Fd.2.05%
Tortoise Capital Advisors, LLC1.8%

Index Funds (Passive)

FundStake
Allianz Asset Management GmbH32.41%
Vanguard Group5.75%
BlackRock2.61%
State Street1.7%

Source: Nexqual, October 23, 2026 at 10:37 UTC.

From Venture Global, Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
PBAPembina Pipeline Corp.USD 49.37▼ 2.55%
WESWestern Midstream Partners, LPUSD 44.46▼ 0.27%
PAAPlains All American Pipeline, LUSD 25.9▲ 0.04%
OKEONEOK, Inc.USD 93.9▲ 0.84%
LNGCheniere Energy, Inc.USD 287.01▲ 0.98%
MPLXMPLX LPUSD 58.18▼ 0.44%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:37 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt