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Venture Global, Inc. (VG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

ENERGY · OIL & GAS MIDSTREAM · DATA UPDATED 2026-09-19

Venture Global, Inc. (VG) operates in the OIL & GAS MIDSTREAM industry and is headquartered in Arlington, United States with about 2,000 employees. Its market capitalization is roughly $35 billion. In the fiscal year ended 2025-12-31, VG reported $13.8B in revenue and $2.7B in net income.

Venture 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 United States, Germany, France, Netherlands, the United Kingdom, and internationally.The company is involved in LNG production, natural gas transportation, and regasification operations, as well as LNG sales and shipping business through LNG tankers.

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VG Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$17.0B$13.8B$5.0B$7.9B$6.4B$0M
Gross Profit$8.1B$6.8B$3.3B$6.2B$4.2B($6M)
Gross Margin %48.0%49.3%66.3%78.7%65.1%
Operating Income (EBIT)$6.4B$5.0B$1.8B$4.8B$3.6B($337M)
Operating Margin %37.9%36.6%35.5%61.4%55.1%
Net Income$3.6B$2.7B$1.5B$2.7B$1.9B($356M)
Net Margin %21.5%19.6%31.0%34.0%28.8%
EBITDA$5.8B$3.1B$5.3B$4.3B($371M)
Earnings Per Share (EPS)$1.36$1.02$0.64$1.04$0.72$-0.14
Shares Outstanding (M)2,635M2,420M2,577M2,577M2,577M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$4.6B$4.6B$4.4B$3.3B$3.1B$2.9B$1.5B$926M$1.1B
Gross Profit$2.7B$1.6B$2.2B$1.7B$1.4B$1.6B$1.0B$654M$738M
Gross Margin %58.1%35.0%48.4%51.8%45.6%55.9%66.7%70.6%66.6%
Operating Income (EBIT)$2.2B$1.2B$1.7B$1.3B$1.0B$1.1B$594M$189M$363M
Operating Margin %47.8%25.9%38.6%39.6%33.5%37.3%39.0%20.4%32.8%
Net Income$1.4B$598M$1.1B$496M$435M$464M$938M($346M)$303M
Net Margin %30.9%13.0%25.5%14.9%14.0%16.0%61.6%-37.4%27.4%
EBITDA$1.4B$2.2B$1.3B$1.2B$1.2B$1.4B($155M)$667M
Earnings Per Share (EPS)$0.51$0.23$0.43$0.19$0.17$0.18$0.39$-0.14$0.12
Shares Outstanding (M)2,635M2,635M2,641M2,635M2,643M2,420M2,420M2,425M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VG Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Cash from Operations (CFO)$6.8B$6.6B$2.1B$4.5B$3.7B($503M)
Capital Expenditures (CapEx)$13.8B$13.4B$13.7B$8.1B$4.6B$2.1B
Free Cash Flow (FCF)($7.0B)($6.8B)($11.6B)($3.5B)($916M)($2.6B)
FCF Margin %-41.2%-49.4%-232.7%-44.8%-14.2%
Dividends Paid$465M$139M$164M$6M$7M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$2.1B$763M$2.1B$1.9B$1.5B$1.1B$673M$280M$558M
Capital Expenditures (CapEx)$3.7B$3.2B$3.6B$3.3B$3.0B$3.5B$3.7B$3.8B$3.3B
Free Cash Flow (FCF)($1.6B)($2.4B)($1.5B)($1.4B)($1.5B)($2.4B)($3.0B)($3.5B)($2.7B)
FCF Margin %-36.0%-52.6%-34.1%-42.4%-49.1%-81.3%-195.9%-380.4%-243.0%
Dividends Paid$180M$42M$176M$57M$190M$139M$29M$14M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

VG Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-31
Total Assets$61.5B$53.4B$43.5B$28.5B$15.1B
Cash & Cash Equivalents$3.1B$2.4B$3.6B$4.8B$618M
Total Liabilities$49.4B$43.1B$37.1B$26.4B$14.6B
Total Debt (Short + Long-Term)$42.5B$34.2B$29.3B$20.8B$10.6B
Total Shareholders' Equity$8.6B$6.7B$2.9B$1.5B($186M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive VG viewer.

VG Metric Deep Dives

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