This story requires a subscription
This includes a single user license.
The company said on Monday that its net income of $2.26 billion for the year ended December 31, 2025, increased 53 percent compared to 2024.
“This increase was largely driven by higher income from operations of $3.4 billion primarily due to higher LNG sales volumes of $6.2 billion predominantly at the Plaquemines project as a result of commissioning progress,” Venture Global said.
In the fourth quarter, the LNG producer generated revenue of $4.4 billion, an increase of 192 percent year-on-year, and net income of $1.1 billion, an increase of 23 percent from the fourth quarter of 2024.
Venture Global exported 380 cargoes and sold 1,409 TBtu of LNG in 2025, a new record for the company, and an increase of 239 cargoes and 908 TBtu sold, or 181 percent, from 2024.
More than 500 cargoes in 2026
The company expects to export 145-156 cargoes from the Calcasieu project and 341-371 cargoes from the Plaquemines project in 2026.
The combined facilities are expected to produce 486-527 total cargoes in 2026.
Venture Global continues to anticipate Plaquemines project Phase I COD in Q4 2026 following the conclusion of commissioning and assurance testing and any required remediation or rectification work.
“At the beginning of 2025, we set a number of ambitious operational targets and I am pleased to be able to say that the team has exceeded every one of those targets in just one year — we shipped 380 cargoes, signed eight new 20-year SPA agreements enabling CP2 Phase I FID, and have demonstrated the capability to generate approximately 40 percent over nameplate at Plaquemines,” said Venture Global CEO Mike Sabel.
“We are anticipating an even more productive year in 2026, with exported cargoes growing to over 500, securing more mid-term and long-term SPAs as recently announced supporting the FID of CP2 Phase II, and continued optimization of our facilities enabling us to continue to deliver LNG to our diverse portfolio of customers,” he said.