Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1756.7%
Neutral1240.0%
Bearish13.3%
Venture Global, Inc. · VG · FY2026 Q1 · Calendar Q2 2026
Venture Global raises guidance as CP2 expansion advances
The current analysis supports a constructive operating trajectory: management raised 2026 adjusted EBITDA guidance, cited substantial contracted capacity, and continued advancing CP2. The thesis remains dependent on execution, leverage reduction, and LNG-market conditions.
Reported Before market openNYSEEnergy
$32.40B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.19
Consensus $0.13
EPS surprise
+51.5%
Reported versus consensus
Reported revenue
$4.60B
Consensus $3.97B
Revenue surprise
+15.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+14.2%
Event window
SPY move
-0.2%
Same window
Abnormal move
+14.4%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+0.2%
Up to 20 sessions
VGSPY benchmark
Ask FN2 about VG FY2026 Q1
Transcript, numbers and history already loaded
Why did VG rise 14.2% after beating EPS estimates in FY2026 Q1?What changed in VG's guidance and outlook in FY2026 Q1?Give me the bull and bear case for VG after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the current call analysis reports higher 2026 adjusted EBITDA guidance, a larger quantified contract backlog, CP2 Phase II FID completion, and a Q4 2026 first-LNG expectation.
Guidance delta
Management raised 2026 adjusted EBITDA guidance to $8.2-$8.5 billion from the prior analysis's $5.2-$5.8 billion range.
Key takeaways
- Management reported 2026 adjusted EBITDA guidance of $8.2-$8.5 billion and described CP2 Phase II construction as progressing quickly, with first LNG expected in Q4 2026.
- The contract backlog was described as $137 billion, covering 84% of projected capacity, with new five-year agreements involving Vitol and Total Energy.
- The company emphasized debt repayment, capital-structure simplification, and expansion of nitrogen-removal and gas-processing infrastructure.
Management priorities
- Advance CP2 Phase I and Phase II construction and bolt-on expansions.
- Secure additional medium- and long-term contracts for future capacity.
- Reduce debt while pursuing investment-grade status.
- Expand nitrogen-removal and gas-processing capability for Permian supply.
Follow VG with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$13.61Current
$8Low
$14.38Average
$22High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Scotiabank | Sector Perform | Sector Perform | Maintain | Sep 10, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 12, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jul 22, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Jun 4, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 13, 2026 |
| Citigroup | Buy | Neutral | Upgrade | May 13, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 17, 2026 |
| UBS | Buy | Buy | Maintain | Mar 25, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Mar 24, 2026 |
| B of A Securities | Buy | Buy | Maintain | Mar 20, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 28, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 10, 2025 |
| Craig-Hallum | Sell | Hold | Downgrade | Jun 10, 2022 |
| Keybanc | Equal Weight | Overweight | Downgrade | Nov 23, 2021 |
| Baird | Neutral | Outperform | Downgrade | Nov 23, 2021 |
| Colliers Securities | Neutral | Buy | Downgrade | Nov 22, 2021 |
| Barclays | Overweight | Overweight | Maintain | Oct 21, 2021 |
| Oppenheimer | Perform | Outperform | Downgrade | Oct 6, 2021 |
| Needham | Hold | Hold | Maintain | Jun 22, 2021 |
| Rosenblatt | Neutral | Neutral | Maintain | Nov 6, 2020 |
| Jefferies | Hold | Buy | Downgrade | Jun 9, 2020 |
| Citi | Buy | Buy | Maintain | Nov 7, 2019 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 4, 2019 |
| FBN Securities | Perform | Outperform | Downgrade | Aug 10, 2017 |
| Summit Research Partners | Hold | Hold | Maintain | Mar 8, 2016 |
| Northland Securities | Outperform | Outperform | Maintain | Aug 21, 2015 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 10, 2015 |
| Dougherty | Buy | Buy | Maintain | Feb 3, 2014 |
| National Alliance | Buy | Buy | Maintain | Nov 15, 2013 |
| Sidoti & Co. | Buy | Buy | Maintain | Aug 13, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $13.61. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $15 | $13.22 | +10.2% | Aug 12, 2026 |
| Mizuho Securities | Robert Mosca | $15 | $14.06 | +10.2% | Jul 22, 2026 |
| Bernstein | Sunaina Ocalan | $14 | $11.09 | +2.9% | Jun 16, 2026 |
| US Capital Advisors | Analyst unavailable | $13 | $12.23 | -4.5% | May 29, 2026 |
| Raymond James | Analyst unavailable | $16 | $14.59 | +17.6% | May 20, 2026 |
| Goldman Sachs | Analyst unavailable | $18 | $13 | +32.3% | May 14, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $13.93 | +61.6% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $13 | $12 | -4.5% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $16 | $11.4 | +17.6% | Apr 17, 2026 |
| RBC Capital | Elvira Scotto | $14 | $13.26 | +2.9% | Mar 13, 2026 |
| Raymond James | Justin Jenkins | $13 | $12.28 | -4.5% | Mar 5, 2026 |
| New Street | John Mackay | $15 | $11.48 | +10.2% | Mar 3, 2026 |
| Morgan Stanley | Devin McDermott | $8 | $9.43 | -41.2% | Feb 24, 2026 |
| Raymond James | Analyst unavailable | $11 | $9.8 | -19.2% | Feb 2, 2026 |
| RBC Capital | Elvira Scotto | $11 | $9.1 | -19.2% | Jan 28, 2026 |
| UBS | Analyst unavailable | $16 | $9.05 | +17.6% | Jan 22, 2026 |
| Scotiabank | Analyst unavailable | $9 | $8.34 | -33.9% | Jan 16, 2026 |
| Wells Fargo | Michael Blum | $8 | $6.13 | -41.2% | Dec 15, 2025 |
| Goldman Sachs | John Mackay | $17.5 | $8.31 | +28.6% | Nov 10, 2025 |
| Capital One Financial | Analyst unavailable | $11 | $8.11 | -19.2% | Nov 4, 2025 |
| Scotiabank | Analyst unavailable | $13 | $8.98 | -4.5% | Oct 17, 2025 |
| Mizuho Securities | Gabriel Moreen | $12 | $12.58 | -11.8% | Oct 10, 2025 |
| UBS | Manav Gupta | $18 | $13.35 | +32.3% | Aug 25, 2025 |
| Scotiabank | Brandon Bingham | $16 | $16.62 | +17.6% | Jul 15, 2025 |
| Wells Fargo | Michael Blum | $12 | $9.91 | -11.8% | May 14, 2025 |
| Goldman Sachs | Analyst unavailable | $20 | $9.23 | +47.0% | Mar 7, 2025 |
| Scotiabank | Analyst unavailable | $15 | $9.23 | +10.2% | Mar 7, 2025 |
| Deutsche Bank | Analyst unavailable | $19 | $15.96 | +39.6% | Feb 18, 2025 |
| Craig-Hallum | George Sutton | $14.5 | $18.86 | +6.5% | Jun 10, 2022 |
| Daiwa | Jonathan Kees | $12 | $13.1 | -11.8% | May 7, 2021 |
Track every rating change on VG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationVenture Global, Inc., a liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U.S. Gulf Coast. The company is involved in LNG production, natural gas transportation, and regasification operations, as well as LNG sales and shipping business through LNG tankers. Its LNG projects include Calcasieu, Plaquemines, and CP2 projects. The company was founded in 2013 and is headquartered in Arlington, Virginia. Venture Global, Inc. operates as a subsidiary of Venture Global Partners II, LLC.
Historical context
All VG earningsLatest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
Get the VG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-12T16:18:24.231429+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T13:41:06.752429+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T13:41:06.749517+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.