U.S. LNG producer Venture Global raises full-year EBITDA guidance to $9.1 billion

en.Wedoany.com Reported - On August 11, U.S. LNG producer Venture Global reported second-quarter 2026 results and raised its full-year consolidated adjusted EBITDA guidance for the second consecutive quarter, increasing the forecast range from $8.2 billion–$8.5 billion to $8.7 billion–$9.1 billion.

In the second quarter, Venture Global generated revenue of $4.578 billion, up 48% year over year; net income attributable to common shareholders reached $1.347 billion, up 266% year over year; and consolidated adjusted EBITDA totaled $2.491 billion, up 79% year over year. The company exported 127 LNG cargoes during the quarter, with sales volumes of 466.4 trillion British thermal units, up 42% year over year. Revenue and adjusted EBITDA came in below the average market expectations of $4.66 billion and $2.5 billion, respectively.

The increase in LNG sales volumes was primarily driven by continued commissioning and production ramp-up at the Plaquemines export facility. Lower liquefaction tolling fees at the Calcasieu Pass facility, along with higher operating, maintenance, and financing costs, partially offset the gains. Venture Global expects to export 500–518 LNG cargoes in 2026, with Calcasieu Pass planned to export 149–154 cargoes and Plaquemines planned to export 351–364 cargoes.

The company has locked in 91% of its marketable cargoes for 2026, with a weighted average liquefaction tolling fee of $5.05 per million British thermal units. The full-year guidance also assumes a tolling fee of $12.50–$13.50 per million British thermal units for the remaining unsold cargoes; for every $1 change in this price, full-year consolidated adjusted EBITDA is expected to change by $180 million–$210 million.

Plaquemines Phase 1 is currently in the final stages of construction, commissioning, and performance guarantee testing, targeting commercial operation in the fourth quarter of 2026, with Phase 2 planned to enter commercial operation in mid-2027. Construction continues on the CP2 project, with 16 liquefaction modules delivered to the site and all four LNG storage tanks having completed roof lifts, with first LNG production targeted for the second half of 2027.

Venture Global added or expanded LNG sale and purchase agreements exceeding 2 million tonnes per annum in the second quarter, involving buyers such as Atlantic-SEE, EnBW, TotalEnergies, and Vitol. The company's board also raised the third-quarter cash dividend by 122% to $0.04 per share, payable on September 30.