The Filings Report

Venture Global, Inc.

VGNYSECIK 2007855Utilities / Utilities - Gasfiscal year ends December10 quarters since 2024

Revenue, Q2 FY2026
$4.6B
+47.6% on Q2 FY2025
Net income
—
no year-earlier figure
Free cash flow
−$1.6B
−8.2% on Q2 FY2025
Diluted EPS
$0.51
+264.3% on Q2 FY2025
Revenue, TTM
$17.0B
trailing four quarters
Net margin, TTM
—
net income —
Free cash flow, TTM
−$7.0B
$6.8B less $13.8B capex
Cash and equivalents
$3.1B
long-term debt $41.5B, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$554M
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 11, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Venture Global, Inc. reported revenue of $4.6B, +47.6% on Q2 FY2025. Operating margin was 47.8%. Free cash flow, operating cash flow less capital expenditures, was −$1.6B ($2.1B less $3.7B). Diluted earnings per share were $0.51.

The last 10 quarters

Q1 FY2024 to Q2 FY2026, through the filing of August 11, 2026.

Revenue and net incomeRevenueNet income
$0$2B$4B$6BQ1'24, Revenue: $1.4BQ1'24Q2'24, Revenue: $1.1BQ2'24Q3'24, Revenue: $926MQ3'24Q4'24, Revenue: $1.5BQ4'24Q1'25, Revenue: $2.9BQ1'25Q2'25, Revenue: $3.1BQ2'25Q3'25, Revenue: $3.3BQ3'25Q4'25, Revenue: $4.4BQ4'25Q1'26, Revenue: $4.6BQ1'26Q2'26, Revenue: $4.6BQ2'26$0$2B$4B$6BQ1'24, Revenue: $1.4BQ1'24Q2'24, Revenue: $1.1BQ2'24Q3'24, Revenue: $926MQ3'24Q4'24, Revenue: $1.5BQ4'24Q1'25, Revenue: $2.9BQ1'25Q2'25, Revenue: $3.1BQ2'25Q3'25, Revenue: $3.3BQ3'25Q4'25, Revenue: $4.4BQ4'25Q1'26, Revenue: $4.6BQ1'26Q2'26, Revenue: $4.6BQ2'26

Net income losses drawn in red.

Free cash flow
−$4B−$3B−$2B−$1B$0$1BQ1'24, Free cash flow: −$2.4BQ1'24Q2'24, Free cash flow: −$2.7BQ2'24Q3'24, Free cash flow: −$3.5BQ3'24Q4'24, Free cash flow: −$3.0BQ4'24Q1'25, Free cash flow: −$2.4BQ1'25Q2'25, Free cash flow: −$1.5BQ2'25Q3'25, Free cash flow: −$1.4BQ3'25Q4'25, Free cash flow: −$1.5BQ4'25Q1'26, Free cash flow: −$2.4BQ1'26Q2'26, Free cash flow: −$1.6BQ2'26−$4B−$3B−$2B−$1B$0$1BQ1'24, Free cash flow: −$2.4BQ1'24Q2'24, Free cash flow: −$2.7BQ2'24Q3'24, Free cash flow: −$3.5BQ3'24Q4'24, Free cash flow: −$3.0BQ4'24Q1'25, Free cash flow: −$2.4BQ1'25Q2'25, Free cash flow: −$1.5BQ2'25Q3'25, Free cash flow: −$1.4BQ3'25Q4'25, Free cash flow: −$1.5BQ4'25Q1'26, Free cash flow: −$2.4BQ1'26Q2'26, Free cash flow: −$1.6BQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$20B$40B$60BQ1'24Q2'24Q3'24Q4'24, Cash and equivalents: $3.6BQ4'24, Long-term debt: $29.1BQ4'24Q1'25, Cash and equivalents: $3.6BQ1'25, Long-term debt: $29.1BQ1'25Q2'25, Cash and equivalents: $2.2BQ2'25, Long-term debt: $29.8BQ2'25Q3'25, Cash and equivalents: $1.9BQ3'25, Long-term debt: $31.7BQ3'25Q4'25, Cash and equivalents: $2.4BQ4'25, Long-term debt: $33.4BQ4'25Q1'26, Cash and equivalents: $1.6BQ1'26, Long-term debt: $36.5BQ1'26Q2'26, Cash and equivalents: $3.1BQ2'26, Long-term debt: $41.5BQ2'26$0$20B$40B$60BQ1'24Q2'24Q3'24Q4'24, Cash and equivalents: $3.6BQ4'24, Long-term debt: $29.1BQ4'24Q1'25, Cash and equivalents: $3.6BQ1'25, Long-term debt: $29.1BQ1'25Q2'25, Cash and equivalents: $2.2BQ2'25, Long-term debt: $29.8BQ2'25Q3'25, Cash and equivalents: $1.9BQ3'25, Long-term debt: $31.7BQ3'25Q4'25, Cash and equivalents: $2.4BQ4'25, Long-term debt: $33.4BQ4'25Q1'26, Cash and equivalents: $1.6BQ1'26, Long-term debt: $36.5BQ1'26Q2'26, Cash and equivalents: $3.1BQ2'26, Long-term debt: $41.5BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 11, 2026.

Venture Global, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 11, 2026Q1 FY2026ended Mar 31, 2026filed May 12, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 12, 2025Q1 FY2025ended Mar 31, 2025filed May 13, 2025Q4 FY2024ended Dec 31, 2024filed May 13, 2025Q3 FY2024ended Sep 30, 2024filed Nov 10, 2025YoYQ2 FY2026vs Q2 FY2025
Revenue4,5784,5994,4453,3293,1012,8941,524926+47.6%
Cost of revenue—————————
Gross profit—————————
Research and development2346525357182124156−59.6%
Selling, general and administrative112971201051031058877+8.7%
Operating income2,1881,1511,7181,3201,0381,080594189+110.8%
Other income (expense)(435)(415)(251)(683)(447)(412)644(561)+2.7%
Pretax income1,7537361,4676375916681,238(372)+196.6%
Income tax33611127687116151248(78)+189.7%
Net income—————————
Diluted EPS ($)0.510.19—0.160.140.15—(0.15)+264.3%
Diluted shares (millions)2,6432,635—2,6412,6352,643—2,350—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 11, 2026.

Venture Global, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 11, 2026Q1 FY2026ended Mar 31, 2026filed May 12, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 12, 2025Q1 FY2025ended Mar 31, 2025filed May 13, 2025Q4 FY2024ended Dec 31, 2024filed May 13, 2025Q3 FY2024ended Sep 30, 2024filed Nov 10, 2025YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents3,1201,5992,3551,8792,2473,6053,608—+38.9%
Short-term investments—————————
Total current assets4,5293,2194,0403,2583,9784,8934,559—+13.9%
Total assets61,51556,30053,44650,07946,51145,05143,491—+32.3%
Total current liabilities3,8213,7124,3443,9232,8572,8243,542—+33.7%
Long-term debt41,52736,45633,39331,74329,77429,13029,086—+39.5%
Total liabilities49,43643,95541,45039,25836,10035,13235,595—+36.9%
Stockholders’ equity8,5727,2336,7435,6925,2694,8812,897—+62.7%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 11, 2026.

Venture Global, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 11, 2026Q1 FY2026ended Mar 31, 2026filed May 12, 2026Q4 FY2025ended Dec 31, 2025filed Mar 2, 2026Q3 FY2025ended Sep 30, 2025filed Nov 10, 2025Q2 FY2025ended Jun 30, 2025filed Aug 12, 2025Q1 FY2025ended Mar 31, 2025filed May 13, 2025Q4 FY2024ended Dec 31, 2024filed May 13, 2025Q3 FY2024ended Sep 30, 2024filed Nov 10, 2025YoYQ2 FY2026vs Q2 FY2025
Operating cash flow2,0727632,1111,8831,4581,114673280+42.1%
Capital expenditures3,7193,1813,6253,2942,9803,4663,6593,803+24.8%
Free cash flow (CFO − capex)(1,647)(2,418)(1,514)(1,411)(1,522)(2,352)(2,986)(3,523)−8.2%
Depreciation and amortization2602512402182672169389−2.6%
Share repurchases—————————
Dividends paid(91)18042423(190)1905654+52.1%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed March 2, 2026.

Income statement

Venture Global, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed May 13, 2025FY2023ended Dec 31, 2023filed Mar 2, 2026
Revenue13,7694,9727,897
Cost of revenue———
Gross profit———
Research and development344635490
Selling, general and administrative433312224
Operating income5,1561,7634,850
Other income (expense)(1,793)420(418)
Pretax income3,3632,1834,432
Income tax630437816
Net income———
Diluted EPS ($)0.860.571.25
Diluted shares (millions)2,6352,5852,143

Balance sheet

Venture Global, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed May 13, 2025FY2023ended Dec 31, 2023filed Mar 2, 2026
Cash and equivalents2,3553,608—
Short-term investments———
Total current assets4,0404,559—
Total assets53,44643,491—
Total current liabilities4,3443,542—
Long-term debt33,39329,086—
Total liabilities41,45035,595—
Stockholders’ equity6,7432,897—
Shares outstanding (millions)———

Cash flow statement

Venture Global, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Mar 2, 2026FY2024ended Dec 31, 2024filed May 13, 2025FY2023ended Dec 31, 2023filed Mar 2, 2026
Operating cash flow6,5662,1494,550
Capital expenditures13,36513,7178,091
Free cash flow (CFO − capex)(6,799)(11,568)(3,541)
Depreciation and amortization941322277
Share repurchases———
Dividends paid465139164

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$104M
21 sales by 7 insiders; officers and directors $104M
Bought, twelve months
$16K
1 purchases by 1 insider; officers and directors $16K
Sold, twelve months
$423M
70 sales by 8 insiders; officers and directors $423M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 20, 2026Thayer Jonathan WChief Financial Officeroption exercise111,111$1.16$129K111,111Oct 20, 2026
Oct 20, 2026Thayer Jonathan WChief Financial Officeropen-market sale10b5-1111,111$12.70$1M0Oct 20, 2026
Oct 19, 2026Thayer Jonathan WChief Financial Officeroption exercise111,111$1.16$129K111,111Oct 20, 2026
Oct 19, 2026Thayer Jonathan WChief Financial Officeropen-market sale10b5-1111,111$12.68$1M0Oct 20, 2026
Oct 15, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise394,979$0.84$332K394,979Oct 15, 2026
Oct 15, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-1389,679$12.43$5M5,300Oct 15, 2026
Oct 15, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise5,300$12.89$68K0Oct 15, 2026
Oct 14, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise394,978$0.84$332K394,978Oct 15, 2026
Oct 14, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-1394,978$13.37$5M0Oct 15, 2026
Sep 18, 2026Thayer Jonathan WChief Financial Officeroption exercise111,111$1.16$129K111,111Sep 21, 2026
Sep 18, 2026Thayer Jonathan WChief Financial Officeropen-market sale10b5-1111,111$14.23$2M0Sep 21, 2026
Sep 17, 2026Thayer Jonathan WChief Financial Officeroption exercise111,111$1.16$129K111,111Sep 21, 2026
Sep 17, 2026Thayer Jonathan WChief Financial Officeropen-market sale10b5-1111,111$14.40$2M0Sep 21, 2026
Sep 17, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise394,979$0.84$332K394,979Sep 17, 2026
Sep 17, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-1394,979$14.40$6M0Sep 17, 2026
Sep 16, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise155,692$0.84$131K155,692Sep 17, 2026
Sep 16, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise239,287$0.79$189K394,979Sep 17, 2026
Sep 16, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-1394,979$14.82$6M0Sep 17, 2026
Sep 14, 2026Cothran BrianChief Operating Officeroption exercise152,660$1.16$177K152,660Sep 14, 2026
Sep 14, 2026Cothran BrianChief Operating Officeropen-market sale10b5-1152,660$16.15$2M0Sep 14, 2026
Sep 9, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise2M$0.79$1M2MSep 9, 2026
Sep 9, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-12M$15.21$29M0Sep 9, 2026
Sep 8, 2026Larson Keith DGeneral Counsel and Secretaryoption exercise464,196$0.79$367K464,196Sep 9, 2026
Sep 8, 2026Larson Keith DGeneral Counsel and Secretaryopen-market sale10b5-1464,196$15.05$7M0Sep 9, 2026
Aug 20, 2026Musser ForySenior VP, Developmentoption exercise259,413$0.79$205K259,413Aug 20, 2026

Full insider history for Venture Global, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
VENTURE GLOBAL, INC., CIK 2007855 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: not filed
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: not filed
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/VG.json