Venture Global Reports Q2 LNG Sales Of 466.4 TBtu At Weighted Average Liquefaction Fee Of $6.45/MMBtu; Exported 127 LNG Cargoes; Plaquemines
On July 8, 2026, Venture Global, Inc. ("Venture Global" or the "Company") announced the volume of LNG cargos exported from its facilities and the implied weighted average fixed liquefaction fee realized by the Company for the quarter ended June 30, 2026. During the commissioning or operations phases of one or more of the Company’s facilities, the Company may disclose after the end of the calendar quarter, but before the Company’s quarterly earnings report, certain key performance metrics. Venture Global For the quarter ended June 30, 2026, Venture Global sold and recognized in revenue 466.4 TBtu of LNG at an implied weighted average fixed liquefaction fee of $6.45 per MMBtu during the quarter. During that period, Venture Global exported 127 cargos from its LNG facilities. Calcasieu Pass For the quarter ended June 30, 2026, Venture Global sold and recognized in revenue 137.5 TBtu of LN...
On July 8, 2026, Venture Global, Inc. ("Venture Global" or the "Company") announced the volume of LNG cargos exported from its facilities and the implied weighted average fixed liquefaction fee realized by the Company for the quarter ended June 30, 2026.
During the commissioning or operations phases of one or more of the Company’s facilities, the Company may disclose after the end of the calendar quarter, but before the Company’s quarterly earnings report, certain key performance metrics.
Venture Global For the quarter ended June 30, 2026, Venture Global sold and recognized in revenue 466.4 TBtu of LNG at an implied weighted average fixed liquefaction fee of $6.45 per MMBtu during the quarter.
During that period, Venture Global exported 127 cargos from its LNG facilities.
Calcasieu Pass For the quarter ended June 30, 2026, Venture Global sold and recognized in revenue 137.5 TBtu of LNG from its Calcasieu Pass facility.
During that quarter, Venture Global exported 37 cargos from its Calcasieu Pass facility.
Plaquemines For the quarter ended June 30, 2026, Venture Global sold and recognized in revenue 328.9 TBtu of LNG from its Plaquemines facility.
During that quarter, Venture Global exported 90 cargos from its Plaquemines facility.
Revenue Recognition The Company recognizes revenue when it transfers control of promised goods or services to its customers in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods or services.
Revenue from the sale of LNG is recognized by the Company at the point in time when the LNG is delivered to the customer at the agreed upon LNG terminal which is the point when legal title, physical possession and the risks and rewards of ownership transfer to the customer.
Each individual molecule of LNG is viewed as a separate performance obligation.
Revenue associated with cargos exported on a Free on Board ("FOB") basis is generally recognized when the LNG vessel is loaded and unmoors from one of our facilities.
Revenue associated with cargos exported on a Delivered Ex-Ship ("DES"), Delivered Place Unloaded ("DPU") or other delivered basis is generally recognized upon delivery of the LNG at the vessel destination.
Occasionally, revenue associated with a cargo we export from our LNG terminals in a reporting period under such DES, DPU or other delivery terms will be recognized by the Company in a subsequent reporting period due to the time required for the vessel to successfully travel to its destination and unload its cargo.
For the quarter ended June 30, 2026, we exported five DES cargos (20.1 TBtu) from our Plaquemines facility on our owned or chartered LNG vessels that will be recognized in the following quarter.
Second Quarter 2026 Results The Company’s net income, cash flow and other results will be announced along with the rest of its financial performance when the Company announces second quarter earnings.
The volume of LNG cargos exported and the implied weighted average fixed liquefaction fee realized by the Company represent only a few measures of the Company’s operating performance for the quarter ended June 30, 2026, and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
We do not provide a reconciliation of forward-looking amounts of Consolidated Adjusted EBITDA to net income, the most directly comparable financial measure prepared and presented in accordance with GAAP, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation.
Many of the adjustments and exclusions used to calculate the projected Consolidated Adjusted EBITDA may vary significantly based on actual events, so we are not able to forecast on a GAAP basis with reasonable certainty all adjustments needed in order to provide a GAAP calculation of these projected amounts.
The amounts of these adjustments may be material and, therefore, could result in the GAAP measure being materially different from (including materially less than) the projected non-GAAP measures.
The guidance in this current report on Form 8-K is only effective as of the date it is given and will not be updated or affirmed unless and until we publicly announce updated or affirmed guidance.
Net income as used herein refers to net income attributable to common stockholders on our Condensed Consolidated Statements of Operations.