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)
- Last four reported quarters (through Jun 30, 2026): revenue $17.0B, net income $3.78B (22.3% margin), free cash flow -$6.99B (SEC filings).
- Valuation: P/E 8.5x (avg 6.6x at the last 1 fiscal year-ends), EV/EBITDA 9.6x, net debt $38.7B.
- Earnings quality: non-operating income -$1.78B vs operating income $6.38B over the last four quarters; P/E excluding non-operating income ≈6.1x (estimate: non-operating income taxed at the company's 17.6% effective rate).
- Insider open-market sales, last ~7 months: 25 Form 4 filings, $226M; 9 not under a Rule 10b5-1 plan ($82.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $16K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.17 on a 1–5 scale) (18 analysts), mean target USD 17.22 (range 14–22).
- Total return with dividends: 1Y +34.0% vs S&P 500 +14.9%; 5Y -46.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-10, EPS estimate USD 0.53, revenue estimate $4.68B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VG)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| 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 margin | 61.4% | 35.5% | 37.4% | 37.6% |
| Net margin | 45.8% | 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-19…2026-10-20 | Thayer Jonathan W | Chief Financial Officer | 222,222 | $2.8M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-10-14…2026-10-15 | Larson Keith D | General Counsel and Secretary | 784,657 | $10.1M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-17…2026-09-18 | Thayer Jonathan W | Chief Financial Officer | 222,222 | $3.2M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-09-16…2026-09-17 | Larson Keith D | General Counsel and Secretary | 789,958 | $11.5M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-14 | Cothran Brian | Chief Operating Officer | 152,660 | $2.5M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-09-08…2026-09-09 | Larson Keith D | General Counsel and Secretary | 2,350,000 | $35.7M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-19…2026-08-20 | Musser Fory | Senior VP, Development | 272,013 | $3.9M | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-18…2026-08-19 | Thayer Jonathan W | Chief Financial Officer | 222,222 | $3.1M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14…2026-08-17 | Musser Fory | Senior VP, Development | 469,547 | $6.6M | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-14 | Blake Sarah | SVP, Chief Accounting Officer | 1,000,000 | $14.0M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Larson Keith D | General Counsel and Secretary | 555,555 | $7.5M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-13 | Granat Sari Beth | Director | 200,000 | $2.7M | 100% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Staton Jimmy D | Director | 66,000 | $881K | 5.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-20…2026-07-21 | Thayer Jonathan W | Chief Financial Officer | 222,222 | $3.1M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-15…2026-07-16 | Larson Keith D | General Counsel and Secretary | 1,111,111 | $14.4M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-17…2026-06-18 | Thayer Jonathan W | Chief Financial Officer | 222,222 | $2.4M | 100% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-15…2026-06-16 | Larson Keith D | General Counsel and Secretary | 1,111,111 | $12.9M | 100% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-26…2026-05-27 | Musser Fory | Senior VP, Development | 500,000 | $6.4M | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-27 | Earl Thomas | Chief Commercial Officer | 1,000,000 | $12.4M | 100% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-19…2026-05-21 | Cothran Brian | Chief Operating Officer | 626,066 | $9.2M | 100% | No | Too 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 date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-12 | Sabel Michael | See Remarks | 1,226 | $16K | 13.04 | Too 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $15 → $21 |
| 2026-10-16 | Bernstein | Reiterated | Market Perform | $14 |
| 2026-09-10 | Scotiabank | Target raised | Sector Perform | $15 → $16 |
| 2026-08-12 | Wells Fargo | Target raised | Equal-Weight | $14 → $15 |
| 2026-07-22 | Mizuho | Target raised | Neutral | $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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Plaquemines Project | $3.77B | 82.3% | +79.8% |
| Sales and shipping | $1.84B | 40.3% | +277.7% |
| Calcasieu Project | $717.0M | 15.7% | -23.3% |
| Total revenue | $4.58B | 100% | — |
VG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| LNG revenue | $4.56B | 99.5% | +47.9% |
| Other revenue | $22.0M | 0.5% | +4.8% |
| Total revenue | $4.58B | 100% | — |
VG revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $11.38B | 82.6% | +143.4% |
| Germany | $772.0M | 5.6% | +331.3% |
| France | $682.0M | 5.0% | +742.0% |
| Netherlands | $456.0M | 3.3% | — |
| Other Geographical Areas | $320.0M | 2.3% | +720.5% |
| United Kingdom | $164.0M | 1.2% | — |
| Total revenue | $13.77B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Venture 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.” |
| Partner | Venture Global Partners II | “◦VG Partners means Venture Global Partners II, LLC, our controlling shareholder;” |
| Competitor | Chevron (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…” |
| Competitor | ExxonMobil (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
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.53 | $0.48 | +10.0% | $4.68B | 7 |
| Next quarter (ends Dec 2026) | $0.56 | $0.36 | +55.9% | $5.27B | 7 |
| Current fiscal year (ends Dec 2026) | $1.75 | $1.50 | +16.9% | $18.65B | 8 |
| Next fiscal year (ends Dec 2027) | $1.24 | $0.95 | +30.9% | $17.44B | 9 |
Key Statistics (as of October 23, 2026 at 10:37 UTC)
| Price | USD 12.81 |
|---|---|
| Change | ▼ 0.31% (down) |
| Previous Close | USD 12.85 |
| Open | USD 12.95 |
| Day Range | USD 12.24 – 13.08 |
| 52-Week Range | USD 5.72 – 17.62 |
| Volume | 19,512,709 shares |
| Market Cap | $32.03B |
| Exchange | NYQ |
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 Signal | STRONG SELL |
|---|---|
| RSI (14) | 43.81 (neutral) |
| vs SMA50 | Below (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 Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 17.22 |
| High Target | USD 22 |
| Low Target | USD 14 |
| Buy / Hold / Sell | 11 / 7 / 0 |
Earnings (VG)
| Next Earnings Date | 2026-11-10 |
|---|---|
| EPS Estimate | USD 0.53 |
| Revenue Estimate | $4.68B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.51 vs est 0.49 ▲ beat |
| 2026-03-31 | USD 0.19 vs est 0.12 ▲ beat |
| 2025-12-31 | USD 0.42 vs est 0.35 ▲ beat |
| 2025-09-30 | USD 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 / Equity | 3.55 |
| Current Ratio | 1.19 |
| 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.
| Growth | Strong — Revenue +177% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47% (last 12 months) |
| Balance Sheet | Critical — $3.12B cash and investments vs $41.8B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$6.99B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Strong — ROE 34%, ROA 7.4% |
Ownership (VG)
| Insider Ownership | +2.65% |
|---|---|
| Institutional Ownership | +91.65% |
| Shares Outstanding | 531.49M |
| Float | 521.64M |
| 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 & CEO | Michael A. Sabel |
|---|---|
| Founder & Executive Co-Chairman of the Board | Robert Pender |
| Chief Financial Officer | Jonathan W. Thayer |
| Chief Operating Officer | Brian Cothran |
| Senior Vice President of Investor Relations | Michael 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
| Investor | Stake |
|---|---|
| Shaw D.E. & Co., Inc. | 2.94% |
| Blackstone Inc | 2.69% |
| TCW Group, Inc. | 2.68% |
| Goldman Sachs | 2.09% |
| Mnged PORT. Series-Tortoise Energy Infrastructure Total Return Fd. | 2.05% |
| Tortoise Capital Advisors, LLC | 1.8% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Allianz Asset Management GmbH | 32.41% |
| Vanguard Group | 5.75% |
| BlackRock | 2.61% |
| State Street | 1.7% |
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)
- Through lateral pipelines that we developed, each project is connected to multiple major interstate or intrastate pipelines, providing access to highly liquid supply from leading U.S. shale formations—including the Haynesville, Permian and Marcellus/Utica basins—through interconnections with systems such as ANR Pipeline, Texas Eastern Transmission, Sabine Pipe Line, Columbia Gulf and Tennessee Gas Pipeline.
- We believe our unique electric motor driven modular configuration and our owner-led construction model enable us to produce low‑cost, reliable LNG for customers while maintaining flexibility and speed in project execution.
- Our integrated assets span the LNG supply chain, including LNG production, natural gas transportation, shipping and regasification.
- Our innovative approach, which is both scalable and repeatable, allows us to bring low-cost LNG to a global market years faster than traditional LNG projects.
Partnerships
- For example, we partnered with WhiteWater Midstream, LLC, a Texas-based pipeline developer and operator, to jointly develop the approximately 190-mile Blackfin Pipeline project, a 48-inch intrastate pipeline designed to transport Permian and Eagle Ford-sourced gas from the Matterhorn Express pipeline to certain interconnecting pipelines, including the CP Express Pipeline.
- We maintain a master supply relationship with Baker Hughes under a long-term master agreement, (the "Baker Hughes Master Agreement"), that governs the supply of key liquefaction and power equipment for our LNG projects.
Legal & Regulatory Risks (Item 1A, quoted)
- We may fail to receive the required approvals and permits from governmental and regulatory agencies for our projects.
- The authorizations obtained from FERC, DOE and other federal and state regulatory agencies also contain ongoing conditions, and such agencies may impose additional approval and permit requirements.
- We are required to maintain pipeline integrity testing programs that are intended to assess pipeline integrity. PHMSA has authority to impose administrative fines and penalties for violations of its safety standards, and such violations may also give rise to civil enforcement actions.
- Any repair, remediation or delayed remediation, preventative or mitigating actions may require significant capital and operating expenditures and may subject us to significant reputational or financial risk.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PBA | Pembina Pipeline Corp. | USD 49.37 | ▼ 2.55% |
| WES | Western Midstream Partners, LP | USD 44.46 | ▼ 0.27% |
| PAA | Plains All American Pipeline, L | USD 25.9 | ▲ 0.04% |
| OKE | ONEOK, Inc. | USD 93.9 | ▲ 0.84% |
| LNG | Cheniere Energy, Inc. | USD 287.01 | ▲ 0.98% |
| MPLX | MPLX LP | USD 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