Sprott Silver ETF Underperforms with Notable Declines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Source: NASDAQ.COM
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF fell approximately 3.8% in Friday afternoon trading, indicating a weak performance that could undermine investor confidence in silver investments.
- Component Declines: Among the ETF's weakest components, Gold Resource shares dropped about 6.5%, while Americas Gold and Silver shares fell approximately 6.2%, reflecting negative sentiment towards these companies in the market.
- Market Impact: The poor performance of the silver miners ETF may lead investors to reassess their allocations in precious metals, potentially affecting future inflows into the sector.
- Industry Trends: The weakness in silver mining stocks could signal broader challenges in the precious metals market, prompting investors to monitor industry developments closely for more informed investment decisions.
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Analyst Views on VG
Wall Street analysts forecast VG stock price to fall
9 Analyst Rating
5 Buy
4 Hold
0 Sell
Moderate Buy
Current: 11.620
Low
8.00
Averages
11.13
High
16.00
Current: 11.620
Low
8.00
Averages
11.13
High
16.00
About VG
Venture Global, Inc. is a provider of the United States liquefied natural gas (LNG) sourced from North American natural gas basins. The Company's business includes assets across the LNG supply chain, including LNG production, natural gas transport, shipping and regasification. The Company sells LNG and is engaged in the operation, construction, and development of natural gas liquefaction and export facilities in North America (LNG projects). Each LNG project includes a liquefaction facility and export terminal and one or more associated pipelines that interconnect with several interstate and intrastate pipelines for delivery of natural gas into the associated liquefaction facility and export terminal. The Company has multiple segments, including the Company's five LNG projects: the Calcasieu Project, the Plaquemines Project, the CP2 Project, the CP3 Project and the Delta Project, and its direct sales and shipping (DS&S) business and pipeline activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Venture Global Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Venture Global reported a top line of $4.6 billion for Q1 2026, reflecting a substantial increase driven by higher sales volumes of 481 TBtu compared to 228 TBtu in Q1 2025, despite a $1.4 billion impact from lower LNG sales prices, demonstrating resilience amid market volatility.
- Increased Contract Coverage: The contracted position for 2026 has markedly improved to 84% from 69% reported in Q4 2025, indicating strong progress in securing long- and medium-term contracts, which is expected to provide robust support for future revenues.
- Upgraded EBITDA Guidance: The company raised its 2026 EBITDA guidance to a range of $8.2 billion to $8.5 billion from the previous $5.2 billion to $5.8 billion, reflecting optimistic expectations for future market demand and reasonable assumptions regarding liquefaction fees.
- Active Financing Activities: Venture Global has raised over $11 billion in 2026 for development and refinancing, including $1.75 billion in the Term Loan B market, showcasing proactive measures in capital structure optimization and market confidence.
See More
Venture Global Secures LNG Supply Agreements with TotalEnergies and Vitol
- Strategic Supply Agreements: Venture Global has signed a key agreement with France's TotalEnergies to supply approximately 0.85 million tonnes per annum (MTPA) of LNG over five years, while Vitol has increased its existing contract from 1.5 MTPA to 1.7 MTPA, reflecting the ongoing demand for energy security globally.
- Strong Financial Performance: The company reported Q1 revenue of $4.6 billion, a 59% increase year-over-year, significantly surpassing the $3.85 billion estimate, with earnings per share (EPS) of $0.19 exceeding the consensus estimate of $0.12, indicating robust market performance.
- Upgraded EBITDA Forecast: Venture Global has raised its EBITDA forecast for 2026 to between $8.2 billion and $8.5 billion, up from a previous range of $5.2 billion to $5.8 billion, showcasing confidence in future growth and optimistic market demand.
- Shift in Market Sentiment: Retail investor sentiment on Stocktwits has shifted from 'bearish' to 'bullish', reflecting growing confidence in the company's long-term prospects, with VG stock gaining over 70% this year, indicating strong market recognition.
See More
Venture Global Signs New LNG Supply Agreements with TotalEnergies and Vitol
- New Supply Agreements: Venture Global has signed a liquefied natural gas (LNG) supply agreement with TotalEnergies for 850K tons/year and increased its contract with Vitol by 200K tons/year to 1.7M tons/year, indicating strong growth potential in the global LNG market amid rising demand.
- Total Sales Volume Increase: Since the onset of the Iran war, Venture Global's total new LNG sales agreements have surpassed 3M tons/year, reflecting heightened global demand for U.S. LNG shipments, especially as Middle Eastern cargoes remain blocked, thereby solidifying the company's market position.
- Earnings Beat Expectations: Venture Global reported better-than-expected Q1 earnings, raising its adjusted core profit guidance to $8.2B-$8.5B from a previous outlook of $5.2B-$5.8B, showcasing strong profitability and market confidence.
- Export Volume Growth: The company exported 130 cargoes and sold 481 TBtu of LNG in Q1, a significant increase from 63 cargoes and 228.3 TBtu in the same quarter last year, with expectations to export 147-154 cargoes from the Calcasieu project and 347-369 cargoes from the Plaquemines project for the full year, further enhancing its competitive edge.
See More
Venture Global Signs LNG Agreements with TotalEnergies and Vitol
- New Agreement Signed: Venture Global has executed a five-year agreement with TotalEnergies to supply approximately 0.85 million tons of LNG annually starting in 2026, enhancing its competitive position in the global LNG market.
- Agreement Expansion: The existing agreement with Vitol has been increased from 1.5 million tons to 1.7 million tons, reflecting confidence in Venture Global's supply capabilities while addressing the growing demand for energy security.
- Market Demand Response: CEO Mike Sabel stated that these agreements demonstrate the company's ability to deliver low-cost LNG quickly, aiming to provide customers with flexible supply options to adapt to market changes.
- Business Expansion Potential: Venture Global currently has over 100 million tons of LNG capacity in production, construction, or development, and will continue to promote sustainability through carbon capture and sequestration projects, further solidifying its market position.
See More
Venture Global Q1 Earnings Exceed Expectations
- Earnings Highlights: Venture Global reported Q1 GAAP EPS of $0.19, beating expectations by $0.05, with revenue of $4.6 billion reflecting a 59.2% year-over-year increase, surpassing estimates by $750 million, indicating robust performance in the LNG market.
- 2026 Outlook: The updated guidance for 2026 Consolidated Adjusted EBITDA is set at $8.2 billion to $8.5 billion, reflecting an optimistic outlook despite potential impacts from fluctuations in natural gas prices.
- Cost Sensitivity: The fixed liquefaction fee range is established at $9.50 to $10.50 per MMBtu, with a $1.00 per MMBtu change expected to impact 2026 EBITDA by $300 million to $350 million, highlighting the company's focus on cost management.
- Export Plans: The company anticipates exporting 147 to 154 cargos from the Calcasieu Project and 347 to 369 cargos from the Plaquemines Project in 2026, indicating sustained growth potential in LNG exports.
See More
Markets Hit New Highs as Tech Stocks Surge
- Tech Stocks Surge: Stocks like Lumentum, Coherent, Corning, Western Digital, Micron, Seagate, Qualcomm, and Qnity Electronics have all risen over 5%, indicating strong market confidence in the tech sector, which may drive overall market gains further.
- Energy Stocks Rise: Energy stocks increased alongside oil prices after President Trump indicated challenges to the Iran ceasefire, reflecting market sensitivity to energy price fluctuations that could impact consumer spending and overall economic growth.
- Consumer Confidence Dips: Consumer-related stocks, including TJX Companies and Nike, faced declines, highlighting investor anxiety over the potential economic pressures from rising energy prices, which could dampen consumer spending.
- CPI Report Expectations: The upcoming Consumer Price Index report is expected to show a significant month-over-month increase, with economists predicting a 0.59% rise from March, which may prompt government actions to alleviate economic burdens on consumers, further influencing market sentiment.
See More
Venture Global Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Venture Global reported a top line of $4.6 billion for Q1 2026, reflecting a substantial increase driven by higher sales volumes of 481 TBtu compared to 228 TBtu in Q1 2025, despite a $1.4 billion impact from lower LNG sales prices, demonstrating resilience amid market volatility.
- Increased Contract Coverage: The contracted position for 2026 has markedly improved to 84% from 69% reported in Q4 2025, indicating strong progress in securing long- and medium-term contracts, which is expected to provide robust support for future revenues.
- Upgraded EBITDA Guidance: The company raised its 2026 EBITDA guidance to a range of $8.2 billion to $8.5 billion from the previous $5.2 billion to $5.8 billion, reflecting optimistic expectations for future market demand and reasonable assumptions regarding liquefaction fees.
- Active Financing Activities: Venture Global has raised over $11 billion in 2026 for development and refinancing, including $1.75 billion in the Term Loan B market, showcasing proactive measures in capital structure optimization and market confidence.
See More
Venture Global Secures LNG Supply Agreements with TotalEnergies and Vitol
- Strategic Supply Agreements: Venture Global has signed a key agreement with France's TotalEnergies to supply approximately 0.85 million tonnes per annum (MTPA) of LNG over five years, while Vitol has increased its existing contract from 1.5 MTPA to 1.7 MTPA, reflecting the ongoing demand for energy security globally.
- Strong Financial Performance: The company reported Q1 revenue of $4.6 billion, a 59% increase year-over-year, significantly surpassing the $3.85 billion estimate, with earnings per share (EPS) of $0.19 exceeding the consensus estimate of $0.12, indicating robust market performance.
- Upgraded EBITDA Forecast: Venture Global has raised its EBITDA forecast for 2026 to between $8.2 billion and $8.5 billion, up from a previous range of $5.2 billion to $5.8 billion, showcasing confidence in future growth and optimistic market demand.
- Shift in Market Sentiment: Retail investor sentiment on Stocktwits has shifted from 'bearish' to 'bullish', reflecting growing confidence in the company's long-term prospects, with VG stock gaining over 70% this year, indicating strong market recognition.
See More
Venture Global Signs New LNG Supply Agreements with TotalEnergies and Vitol
- New Supply Agreements: Venture Global has signed a liquefied natural gas (LNG) supply agreement with TotalEnergies for 850K tons/year and increased its contract with Vitol by 200K tons/year to 1.7M tons/year, indicating strong growth potential in the global LNG market amid rising demand.
- Total Sales Volume Increase: Since the onset of the Iran war, Venture Global's total new LNG sales agreements have surpassed 3M tons/year, reflecting heightened global demand for U.S. LNG shipments, especially as Middle Eastern cargoes remain blocked, thereby solidifying the company's market position.
- Earnings Beat Expectations: Venture Global reported better-than-expected Q1 earnings, raising its adjusted core profit guidance to $8.2B-$8.5B from a previous outlook of $5.2B-$5.8B, showcasing strong profitability and market confidence.
- Export Volume Growth: The company exported 130 cargoes and sold 481 TBtu of LNG in Q1, a significant increase from 63 cargoes and 228.3 TBtu in the same quarter last year, with expectations to export 147-154 cargoes from the Calcasieu project and 347-369 cargoes from the Plaquemines project for the full year, further enhancing its competitive edge.
See More
Venture Global Signs LNG Agreements with TotalEnergies and Vitol
- New Agreement Signed: Venture Global has executed a five-year agreement with TotalEnergies to supply approximately 0.85 million tons of LNG annually starting in 2026, enhancing its competitive position in the global LNG market.
- Agreement Expansion: The existing agreement with Vitol has been increased from 1.5 million tons to 1.7 million tons, reflecting confidence in Venture Global's supply capabilities while addressing the growing demand for energy security.
- Market Demand Response: CEO Mike Sabel stated that these agreements demonstrate the company's ability to deliver low-cost LNG quickly, aiming to provide customers with flexible supply options to adapt to market changes.
- Business Expansion Potential: Venture Global currently has over 100 million tons of LNG capacity in production, construction, or development, and will continue to promote sustainability through carbon capture and sequestration projects, further solidifying its market position.
See More
Venture Global Q1 Earnings Exceed Expectations
- Earnings Highlights: Venture Global reported Q1 GAAP EPS of $0.19, beating expectations by $0.05, with revenue of $4.6 billion reflecting a 59.2% year-over-year increase, surpassing estimates by $750 million, indicating robust performance in the LNG market.
- 2026 Outlook: The updated guidance for 2026 Consolidated Adjusted EBITDA is set at $8.2 billion to $8.5 billion, reflecting an optimistic outlook despite potential impacts from fluctuations in natural gas prices.
- Cost Sensitivity: The fixed liquefaction fee range is established at $9.50 to $10.50 per MMBtu, with a $1.00 per MMBtu change expected to impact 2026 EBITDA by $300 million to $350 million, highlighting the company's focus on cost management.
- Export Plans: The company anticipates exporting 147 to 154 cargos from the Calcasieu Project and 347 to 369 cargos from the Plaquemines Project in 2026, indicating sustained growth potential in LNG exports.
See More
Markets Hit New Highs as Tech Stocks Surge
- Tech Stocks Surge: Stocks like Lumentum, Coherent, Corning, Western Digital, Micron, Seagate, Qualcomm, and Qnity Electronics have all risen over 5%, indicating strong market confidence in the tech sector, which may drive overall market gains further.
- Energy Stocks Rise: Energy stocks increased alongside oil prices after President Trump indicated challenges to the Iran ceasefire, reflecting market sensitivity to energy price fluctuations that could impact consumer spending and overall economic growth.
- Consumer Confidence Dips: Consumer-related stocks, including TJX Companies and Nike, faced declines, highlighting investor anxiety over the potential economic pressures from rising energy prices, which could dampen consumer spending.
- CPI Report Expectations: The upcoming Consumer Price Index report is expected to show a significant month-over-month increase, with economists predicting a 0.59% rise from March, which may prompt government actions to alleviate economic burdens on consumers, further influencing market sentiment.
See More
