Venture Global (VG)
Builds modular U.S. LNG export projects and delivers cargoes to international buyers.
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Produces and exports U.S. liquefied natural gas through Calcasieu Pass and Plaquemines while constructing CP2. The platform spans gas transport, LNG marketing, shipping and regasification, using standardized mid-scale trains and long-term contracts to finance and operate Gulf Coast projects.
Produces and exports U.S. liquefied natural gas through Calcasieu Pass and Plaquemines, while constructing CP2. The platform also spans gas transport, LNG marketing, shipping and regasification.
Uses standardized, factory-fabricated mid-scale liquefaction trains to build Gulf Coast terminals in repeatable phases. Long-term sales agreements support project financing, while commissioning cargoes can be sold before contractual commercial operations begin. Calcasieu Pass is post-COD, Plaquemines remains in construction and commissioning, and both CP2 phases are under construction.
Connects U.S. pipeline gas to international buyers through Louisiana export sites and a mixed owned-and-chartered vessel fleet. Execution depends on completing commissioning and construction, maintaining federal export and facility authorizations, and honoring project-level debt and long-term contracts. Customer arbitration outcomes have varied by contract, and challenges to CP2 regulatory orders remained pending.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Wells Fargo | Reiterate | Rating: —Target: $8 | Target: $15 |
| Jul 22, 2026 | Mizuho Securities | Target | Target: $13 | Target: $15 |
| Jun 16, 2026 | Bernstein | Target | Target: — | Target: $14 |
| Jun 4, 2026 | JP Morgan | Upgrade | ||
| May 29, 2026 | US Capital Advisors | Target | Target: — | Target: $13 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.19B · Total debt $42.81B · Total assets $61.52B · Shareholders' equity $8.57B
- Revenue
- $4.58B
- Operating income
- $2.16B
- Net income
- $1.42B
HistoryDividendAnnual yield
| Institutions | ≈ 17.97% | 449.22M shares | |
|---|---|---|---|
| 412 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.45% | 86.37M shares | |
| 4 holders · as of Sep 21, 2026 | |||
| Strategic holders | 88.79% | 2.22B shares | |
| 2 holders · as of May 15, 2026 | |||
| Adds to | 110.21% | ||
2.50B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 110.21%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Venture Global Partners II, LLCStrategicdirector, 10 percent owner, officer: See Remarks | 78.74% | 1.97B B | filed May 6, 2025 |
Pacific Investment Management Company LLCStrategic | 10.05% | 251.32M | filed May 15, 2026 |
Allianz Asset Management GmbHInstitution | 6.89% | 172.26M A | as of Jun 30, 2026 |
Keith D. Larson1Insiderofficer: General Counsel and Secretary | 1.29% | 32.77M A | filed Sep 17, 2026 |
D. E. Shaw & Co., L.P.Institution | 1.15% | 28.77M | filed Sep 15, 2026 |
- Keith D. Larson's transaction reports restate only vehicles that traded; the 2025 ownership statement (32.77M) less the 555.6K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Jonathan W. Thayer | officer: Chief Financial Officer | −111,111 | $14.23 |
| Sep 17, 2026 | Jonathan W. Thayer | officer: Chief Financial Officer | −111,111 | $14.40 |
| Sep 17, 2026 | Keith D. Larson | officer: General Counsel and Secretary | −394,979 | $14.40 |
| Sep 16, 2026 | Keith D. Larson | officer: General Counsel and Secretary | −394,979 | $14.82 |
| Sep 14, 2026 | Brian Cothran | officer: Chief Operating Officer | −152,660 | $16.15 |
- Cheniere Energy
Largest direct rival in U.S. Gulf Coast LNG exports and contracting
- Woodside Energy Group (ADR)
Louisiana greenfield LNG developer with a global marketing portfolio
- Sempra
North American LNG infrastructure rival across Gulf and Pacific exports
- NextDecade
Greenfield Texas LNG developer competing for contracts and project capital
- ExxonMobil
Global LNG major participating in the new Golden Pass export platform
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Venture Global | $13.30 | −2.67% | $33.36B | 10.7 | 8.6 | 2.0 | +47.6% |
| Cheniere Energy | $276.02 | +0.38% | $57.62B | 20.5 | 15.7 | 2.6 | +23.5% |
| Woodside Energy Group (ADR) | $22.49 | −0.97% | $43.05B | 14.1 | — | 3.1 | +13.2% |
| Sempra | $81.35 | +0.18% | $53.09B | 23.5 | 15.7 | 3.9 | −0.1% |
| NextDecade | $6.87 | −2.21% | $1.87B | — | — | — | — |
| ExxonMobil | $159.02 | +0.45% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Median | 20.4 | 15.7 | 2.8 | +18.3% |