Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1756.7%
Neutral1240.0%
Bearish13.3%
Venture Global, Inc. · VG · FY2026 Q2 · Calendar Q3 2026
Venture Global Raises Guidance as LNG Projects Advance
The current analysis supports a constructive operating outlook: higher 2026 EBITDA guidance, strong execution, expanding LNG capacity, and a broader contract mix provide evidence for resilient demand and growth. The thesis remains dependent on project timing, pricing, regulatory progress, arbitration outcomes, and reliable gas supply.
Reported Before market openNYSEEnergy
$34.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.51
Consensus $0.48
EPS surprise
+5.3%
Reported versus consensus
Reported revenue
$4.58B
Consensus $4.69B
Revenue surprise
-2.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.3%
Event window
SPY move
-0.3%
Same window
Abnormal move
-7.0%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+15.7%
Up to 20 sessions
VGSPY benchmark
Ask FN2 about VG FY2026 Q2
Transcript, numbers and history already loaded
Why did VG fall 7.3% after beating EPS estimates in FY2026 Q2?What changed in VG's guidance and outlook in FY2026 Q2?Give me the bull and bear case for VG after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, management reported record quarterly EBITDA, raised 2026 adjusted EBITDA guidance to $8.7–$9.1 billion, increased the dividend 122% to $0.04 per share, and continued to advance CP2 and Plaquemines expansions. The current analysis also emphasizes the 1,000th exported LNG cargo and more than $103 billion of capital refinanced or raised to date.
Guidance delta
Management raised 2026 adjusted EBITDA guidance to $8.7–$9.1 billion, up from the prior quarter’s $8.2–$8.5 billion range.
Key takeaways
- Quarterly EBITDA reached a record $2.5 billion and management raised 2026 adjusted EBITDA guidance.
- Operations delivered 127 cargoes while maintaining high availability through summer maintenance.
- CP2 and Plaquemines expansion projects are progressing on schedule, supported by in-house engineering.
- The dividend increased 122% to $0.04 per share as balance-sheet optimization continued.
- Management highlighted a balanced contract mix across long-, medium-, and short-term arrangements.
Management priorities
- Advance CP2 and Plaquemines expansion projects
- Grow LNG capacity through new and expanded offtake agreements
- Maintain operational availability and execution through maintenance
- Optimize the balance sheet and continue cash-flow generation
- Develop pipeline and gas-supply infrastructure
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$13.66Current
$8Low
$14.38Average
$22High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 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 $13.66. 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 | +9.8% | Aug 12, 2026 |
| Mizuho Securities | Robert Mosca | $15 | $14.06 | +9.8% | Jul 22, 2026 |
| Bernstein | Sunaina Ocalan | $14 | $11.09 | +2.5% | Jun 16, 2026 |
| US Capital Advisors | Analyst unavailable | $13 | $12.23 | -4.8% | May 29, 2026 |
| Raymond James | Analyst unavailable | $16 | $14.59 | +17.1% | May 20, 2026 |
| Goldman Sachs | Analyst unavailable | $18 | $13 | +31.8% | May 14, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $13.93 | +61.1% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $13 | $12 | -4.8% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $16 | $11.4 | +17.1% | Apr 17, 2026 |
| RBC Capital | Elvira Scotto | $14 | $13.26 | +2.5% | Mar 13, 2026 |
| Raymond James | Justin Jenkins | $13 | $12.28 | -4.8% | Mar 5, 2026 |
| New Street | John Mackay | $15 | $11.48 | +9.8% | Mar 3, 2026 |
| Morgan Stanley | Devin McDermott | $8 | $9.43 | -41.4% | Feb 24, 2026 |
| Raymond James | Analyst unavailable | $11 | $9.8 | -19.5% | Feb 2, 2026 |
| RBC Capital | Elvira Scotto | $11 | $9.1 | -19.5% | Jan 28, 2026 |
| UBS | Analyst unavailable | $16 | $9.05 | +17.1% | Jan 22, 2026 |
| Scotiabank | Analyst unavailable | $9 | $8.34 | -34.1% | Jan 16, 2026 |
| Wells Fargo | Michael Blum | $8 | $6.13 | -41.4% | Dec 15, 2025 |
| Goldman Sachs | John Mackay | $17.5 | $8.31 | +28.1% | Nov 10, 2025 |
| Capital One Financial | Analyst unavailable | $11 | $8.11 | -19.5% | Nov 4, 2025 |
| Scotiabank | Analyst unavailable | $13 | $8.98 | -4.8% | Oct 17, 2025 |
| Mizuho Securities | Gabriel Moreen | $12 | $12.58 | -12.2% | Oct 10, 2025 |
| UBS | Manav Gupta | $18 | $13.35 | +31.8% | Aug 25, 2025 |
| Scotiabank | Brandon Bingham | $16 | $16.62 | +17.1% | Jul 15, 2025 |
| Wells Fargo | Michael Blum | $12 | $9.91 | -12.2% | May 14, 2025 |
| Goldman Sachs | Analyst unavailable | $20 | $9.23 | +46.4% | Mar 7, 2025 |
| Scotiabank | Analyst unavailable | $15 | $9.23 | +9.8% | Mar 7, 2025 |
| Deutsche Bank | Analyst unavailable | $19 | $15.96 | +39.1% | Feb 18, 2025 |
| Craig-Hallum | George Sutton | $14.5 | $18.86 | +6.1% | Jun 10, 2022 |
| Daiwa | Jonathan Kees | $12 | $13.1 | -12.2% | May 7, 2021 |
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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.
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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 · 2026-08-11T19:16:25.746319+00:00
- FN2 earnings calendar · 2026-09-16T01:23:13.900088+00:00
- Polygon adjusted daily market bars · 2026-09-21T18:50:54.669842+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T18:50:54.667154+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 . For educational purposes only; not investment advice.