Vonage Holdings Corp. Q3 2026 Earnings Recap

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.