Venture Global Q3 Profit Jumps to $2.6 Billion as Plaquemines Ramps Up
Venture Global's third-quarter profit soared to $2.63 billion from $550 million a year earlier, as its Plaquemines LNG project kept ramping up and a swing in interest rate hedges added more than $1 billion, according to the liquefied natural gas exporter's quarterly report filed Monday.
Revenue rose 42.9% to $4.76 billion from $3.33 billion. Net income attributable to common stockholders was $2.55 billion, or $0.96 a diluted share, compared with $429 million, or $0.16 a share, in the third quarter of 2025.
Income from operations climbed 73.9% to $2.30 billion. Below that line, the company booked a $1.37 billion gain on interest rate swaps, compared with a $144 million loss a year earlier, which helped lift pre-tax income to $3.19 billion.
Plaquemines does the heavy lifting
The Plaquemines project earned $2.16 billion from operations, up from $1.28 billion. Venture Global said $873 million of added revenue came from higher volumes tied to the commissioning and continued ramp-up of LNG production there, and another $405 million came from higher net LNG sales prices.
Plaquemines sold 330.3 trillion British thermal units of LNG in the quarter, up from 245.6 TBtu, at a weighted average price of $11.53 per million British thermal units, versus $10.31 a year earlier.
The Calcasieu Pass project earned $123 million from operations on 137.8 TBtu of LNG sold at an average $4.92 per MMBtu. The sales and shipping segment earned $306 million, up from $56 million, while the CP2 project posted a $58 million operating loss.
For the first nine months of 2026, revenue reached $13.93 billion and net income was $4.67 billion, compared with $9.32 billion and $1.54 billion in the same period of 2025.
The company declared a common dividend of $0.040 a share in the third quarter, up from $0.018 in each of the first two quarters, according to the filing. The report also refers to Venture Global's "potential expansion into development and construction of data center infrastructure" among its possible future uses of capital.
By the numbers
- Revenue: $4.76 billion, up 42.9%
- Net income: $2.63 billion, versus $550 million
- Diluted EPS: $0.96, versus $0.16
- Gain on interest rate swaps: $1.37 billion
- Plaquemines operating income: $2.16 billion
- Quarterly dividend declared: $0.040 a share
Sources
- Form 10-Q, Venture Global, Inc., filed Nov. 9, 2026, accession 0002007855-26-000088
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