Vonage Holdings Corp. Earnings Recaps
Q3 2026
Nov 12, 2026
Venture Global’s shares rose 1.7%, a roughly flat reaction. The company raised 2026 EBITDA guidance and its minimum cargo range, while reporting record quarterly EBITDA and progressing Plaquemines and CP 2; it did not provide 2027 pricing guidance.
Key takeaways
- Q3 adjusted EBITDA was a company-record $2.6 billion; management cited year-over-year growth in volumes, revenue, operating income, net income, and EBITDA.
- 2026 EBITDA guidance increased to $10.0–$10.3 billion from $8.7–$9.1 billion. The company also raised the low end of its 2026 cargo range by nine and said more than 99% of its 2026 portfolio was contracted.
- Venture Global reported 124 cargoes produced in Q3, at the high end of its expected range; Plaquemines commissioning and rectification modestly affected production.
- Plaquemines Phase 1 began commercial operations on October 31, 53 months after FID. CP 2’s target for first LNG moved forward to July 2027; the company maintained its 2027 outlook of 575–625 cargoes, including 10–20 from CP 2.
- The company signed 1.5 MTPA of new or increased offtake agreements in Q3, including 1 MTPA with ConocoPhillips and 0.5 MTPA with China Gas. 2027 production and pricing guidance is due on the Q4 call.
Q2 2026
Aug 14, 2026
Shares declined 3.8% as investors reacted negatively to the cautious outlook reflected in a wider-than-usual 2026 EBITDA guidance range, driven by LNG price volatility and uncertainty in the market.
Key takeaways
- Reported Q2 EBITDA reached a record $2.5 billion, with growth in volumes, revenues, income from operations, and net income year-over-year.
- 127 cargoes exported in Q2, within the high end of expected production range, aided by operational improvements and maintenance execution without significant downtime.
- Increased 2026 EBITDA guidance to $8.7–$9.1 billion from $8.2–$8.5 billion, but with a broader range due to LNG price volatility connected to Middle East events.
- Contracted portfolio coverage rose to over 91% from 84% previously, indicating strong commercial execution but uncertain market demand.
- Continued capital optimization with $5.3 billion refinanced, $100 million annual interest savings anticipated, and a 122% increase in quarterly dividend to $0.04 per share.
Q1 2026
May 13, 2026
Venture Global shares jumped 11.9% following an upbeat quarter marked by a significant upward revision in EBITDA guidance and strong commercial momentum, which reassured investors on growth and contract backlog.
Key takeaways
- EBITDA guidance for 2026 was raised sharply from $5.2–5.8 billion to $8.2–8.5 billion, reflecting improved liquefaction fee assumptions.
- Long-term contracts now cover 52 MTPA, underpinning approximately $137 billion in revenue backlog and up from 69% contracted in early 2021 to 84% for 2026.
- Operational strength demonstrated with a new first-quarter record of 130 cargoes exported and over 150 contracted cargoes delivered on schedule at Calcasieu Pass.
- Progress on CP2 Phase 2 remains rapid, with nearly all perimeter wall completed and key liquefaction trains and turbines installed, supporting expectations for fastest-to-market LNG startup.
- Capital structure improvements included refinancing of higher-interest preferred securities with more tax-efficient term loan B facilities and issuance of bonds to retire construction debt.
Q3 2025
Nov 11, 2025
Venture Global Inc. delivered exceptional Q3 2025 results, with revenue and income soaring dramatically year-over-year, while reaffirming its position as a key player in the LNG market.
Key takeaways
- Achieved $3.3 billion in revenue, up 260% year-over-year, and $1.5 billion in consolidated adjusted EBITDA, reflecting a 439% increase.
- Successfully exported 100 cargos in a single quarter and marked the shipment of its 500th cargo from Calcasieu Pass, underscoring operational excellence.
- Tightened 2025 EBITDA guidance to a range of $6.35 billion to $6.5 billion due to expected margin compression on future cargos.
- Secured $1.575 billion financing through a joint venture and finalized a new $2 billion revolving credit facility, enhancing liquidity.
- Signed two new 20-year sales and purchase agreements, further solidifying long-term revenue streams.