Venture Global reported record third-quarter sales and earnings, with higher LNG volumes driving sharp year-over-year growth in revenue, operating income and adjusted EBITDA. The company also said Plaquemines Phase 1 began commercial operations on October 31, and raised the midpoint of its 2026 volume and adjusted EBITDA guidance; it did not provide the revised guidance figures in the announcement.
Separately, Venture Global outlined a potential expansion into off-grid power and infrastructure for data centers, including those supporting artificial-intelligence computing. The company described this as a possible additional business built on capabilities it already uses in its LNG operations.
Key details
- Third-quarter revenue was $4.8 billion, up 43% from the same period last year. Revenue for the first nine months of 2026 was $13.9 billion.
- Income from operations was $2.3 billion, up 74% year over year. Nine-month operating income was $5.6 billion.
- Net income was $2.5 billion, up 493% from the third quarter of 2025. Net income for the first nine months was $4.4 billion.
- Consolidated Adjusted EBITDA was $2.6 billion, up 69% year over year. The company reported $6.4 billion for the first nine months. Adjusted EBITDA is a non-GAAP measure.
- Venture Global exported 124 LNG cargoes and sold 465.8 trillion British thermal units of LNG during the quarter. That was 24 more cargoes and 92.8 trillion British thermal units more than a year earlier, a 25% increase in volume sold.
- The company said LNG production was at the high end of its anticipated range. It raised the midpoint of its 2026 volume and Consolidated Adjusted EBITDA guidance, citing operational performance and its outlook on pricing. No revised targets were included in the announcement.
- Plaquemines Phase 1 entered commercial operations on October 31, after the reporting quarter ended. Venture Global said it began delivering lower-cost LNG under long-term contracts and reached this milestone just over 53 months after the project’s final investment decision.
- Venture Global described a possible off-grid power and infrastructure service for data centers as a potential new line of business. It said it could bring together island-mode power systems, land, closed-loop water systems, U.S. natural gas supply and its in-house engineering and construction capabilities. The announcement presented this as a potential offering, not as an established business with disclosed customers or financial targets.
Plain-English implications
Plaquemines Phase 1’s start of commercial operations marks a move from project development into contracted LNG deliveries, while the quarter’s higher cargoes and sales volumes supported strong financial growth. The data-center proposal would extend Venture Global beyond LNG sales into power and related infrastructure, but the company has not provided operating plans or financial estimates for that potential business.