VG
Venture Global, Inc.
Last earnings -6.7% on 2026-05-12
$11.13
▼ -0.00%$11.13▼ -28.58%
over 1Y
L $5.90H $17.76
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.0%
1W+2.8%
1M-9.9%
3M-23.9%
YTD+58.5%
1Y-28.6%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 26 analysts
Buy
LNG juggernaut ramping fast and cheap at 12.8x, but 6.2x leverage, negative FCF and falling contracted fees cap the case.
Revenue (FY2025) $13.8B · FY2025
The read
Middling fundamentals offset by an attractive price (~194% below fair value) — worth a look on the value angle.
Venture Global is in the steepest part of its LNG build-out and the numbers show it: FY2025 revenue jumped +176.9% to $13.8B as the Plaquemines Project ramped (876 TBtu sold vs. 3.9 TBtu in 2024) and the Calcasieu Project declared COD in April 2025. Operating income nearly tripled to $5.16B (37.4% operating margin) and operating cash flow surged +205.5% to $6.57B. With net income of $2.73B and ROE of 40.5%, the franchise is clearly generating real cash, and at $11.02 the stock trades at just 12.8x FY diluted EPS of $0.86 — undemanding for a business with this top-line trajectory and a 20-year-SPA-backed contracting model.
The problem is the balance sheet and the trajectory of unit economics. Liabilities/equity sits at 6.15x with $33.4B of long-term debt, and the current portion of debt jumped +327.4% to $812M against a sub-1.0 current ratio ($4.04B current assets vs. $4.34B current liabilities) and cash that fell -34.7% to $2.35B. Capex of $13.4B dwarfs the $6.57B of operating cash flow, so free cash flow is deeply negative as VG funds CP2 (which took $15.1B of project financing at FID in July 2025) and the new Plaquemines Expansion. This is a capital-hungry story dependent on continued access to debt markets.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 3:05 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $7.90B | $4.97B | $13.8B |
| Gross profit | — | — | — |
| Operating income | $4.85B | $1.76B | $5.16B |
| Net income | $3.62B | $1.75B | $2.73B |
| Diluted EPS | $1.25 | $0.57 | $0.86 |
| Net margin | 45.8% | 35.1% | 19.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$59.5B
EV / EBITDA9.8
EV / Sales4.3
EV / FCF—
P / FCF—
PEG (trailing)0.23
Earnings yield9.9%
FCF yield-24.6%
Quality & risk
ROIC (est.)9.9%
Free cash flow-$6.80B
Total debt$34.2B
Net cash-$31.9B
Altman Z-Score1.09 distress
Piotroski F-Score6/8
Capital returns
Buyback yield—
Dividend yield (est.)1.7%
Shareholder yield1.7%
Shares Δ YoY+3.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — obligation accelerated (2026-06-02). Worth a closer look.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-262026-06-26open ↗4Period ending 2026-06-172026-06-18open ↗144Filing2026-06-17open ↗4Period ending 2026-06-152026-06-16open ↗144Filing2026-06-15open ↗4Period ending 2026-06-122026-06-15open ↗144Filing2026-06-15open ↗8-KPeriod ending 2026-06-112026-06-11open ↗144Filing2026-06-09open ↗8-KPeriod ending 2026-06-012026-06-02open ↗4Period ending 2026-05-282026-06-01open ↗4Period ending 2026-05-282026-06-01open ↗
Frequently asked
- Is Venture Global, Inc. (VG) a buy?
- VG currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. LNG juggernaut ramping fast and cheap at 12.8x, but 6.2x leverage, negative FCF and falling contracted fees cap the case.
- What is VG's fair value?
- A Modified-Graham model based on VG's SEC fundamentals estimates a fair value of about $32.68. It is an estimate from reported earnings, not a price target.
- Is VG overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, VG currently appears undervalued relative to its SEC-grounded earnings power.
- What is Venture Global, Inc.'s quality score?
- VG scores 77.74495598611786/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0002007855, latest 10-Q filed 2026-05-12) · EODHD · Proprietary analysis · as of 6/21/2026, 7:05:38 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.