Venture Global Lowers FY25 EBITDA Guidance to $6.4B-$6.8B
Venture Global previously forecast FY25 adjusted EBITDA view $6.4B-$6.8B. The company cited "unusual factors impacting those measures during the quarter ended December 31, 2025" for the guidance reduction. For the quarter ended December 31, 2025, Venture Global exported 128 cargos from its LNG facilities. Venture Global sales totaled 478.3 TBtu of LNG at an implied weighted average fixed liquefaction fee of $5.15 per MMBtu during the quarter. During the quarter, both the volume and pricing of cargos exported were impacted by changes in Henry Hub prices and International LNG prices as well as limited vessel availability in the Atlantic basin. During this time of shipping constraints, we were able to pull forward scheduled maintenance late in the quarter. In addition, by being able to utilize our shipping fleet of owned and chartered vessels, the company and its subsidiaries were able to mitigate some of the impact from tight shipping markets. Forward pricing for such factors in February and March of 2026 have improved from year end levels. For the quarter ended December 31, 2025, Venture Global exported 38 cargos from its Calcasieu Pass facility. Venture Global third-party sales of LNG sourced from the Calcasieu Pass facility totaled 140.1 TBtu at an implied weighted average fixed liquefaction fee of $2.01 per MMBtu inclusive of adjustments for estimated arbitration reserves, during the quarter. For the quarter ended December 31, 2025, Venture Global exported 90 cargos from its Plaquemines facility. Venture Global third-party sales of LNG sourced from the Plaquemines facility totaled 338.2 TBtu at an implied weighted average fixed liquefaction fee of $6.02 per MMBtu, during the quarter. Shares of Venture Global are down 1.66% to $7.11 in late morning trading.
