Venture Global Raises 2026 EBITDA Guidance After Strong Q1 Performance
Venture Global reported strong first-quarter results, driving a significant increase in its full-year 2026 adjusted EBITDA guidance to $8.2 billion-$8.5 billion, up from the previous $5.2 billion-$5.8 billion range. Q1 revenue surged to $4.6 billion, fueled by higher LNG sales volumes of 481 TBtu, which offset lower net sales prices. Net income rose to $488 million, while consolidated adjusted EBITDA reached $1.4 billion. The company attributed improved margins to operating efficiencies and increased contracting activity, securing over 52 MTPA in long- and medium-term contracts worth approximately $137 billion. Key new agreements include deals with Trafigura, Vitol, Hanwha Aerospace, and TotalEnergies. CEO Mike Sabel confirmed that Plaquemines Phase I remains on track for commercial operations in late 2026, with first LNG from the CP2 project expected in the second half of 2027. The final investment decision for CP2 Phase II supports Venture Global’s goal to become North America’s largest LNG producer by 2027, with a production target exceeding 100 MTPA by 2030.
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