PerpEquities

Equity · Energy

Venture Global, Inc. (VG) perpetual futures

Venture Global, Inc. develops and operates LNG production facilities and related infrastructure on the U.S. Gulf Coast.

+2.8%NYSE closed
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Trading data

Perpetual market activity

0/2 live markets
Venues
2
Live markets
0/2
24h volume
-
Open interest
-
Best liquidity
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Tightest spread
-
Highest volume
-
Settlement mix
USDT · 2/2
Perp/spot vol.
-
OI / float
-
Spot performance
1D+2.82%
5D+1.78%
1M-8.95%
6M-17.63%
YTD+92.52%
1Y-5.88%

Venue matrix

2 markets

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BingXTradeVG-USDTWatchlist------USDT-
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Highest volume

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Company data

Company fundamentals

Updated 2h ago
Market cap
$32.1B
Updated 2h ago
Revenue
$17B
Trailing 12 months
Revenue growth
+35%
Next fiscal year
Profit margin
+21.5%
P/E
9.7
Peer P/E -7.4
Free cash flow
-$9.4B
Trailing 12 months
More metrics
Net income
$3.6B
Trailing 12 months
P/S
1.9
Peer P/E
-7.4
Similar listed perps
Revenue estimate
$18.6B
Next fiscal year
Earnings
2026-11-09
Revenue est. $4.8B · Updated 2h ago
Dividend
$0.04
2026-09-15

Fundamental detail

Annual + quarterly
Latest revenue$13.8B
Net margin+19.6%
Free cash flow-$6.8B
Net debt$32.5B
2021$0
2022$6.4B
2023$7.9B
2024$5B
2025$13.8B
PeriodRevenueGrowthNet incomeFCF
2021$0--$356M-$2.6B
2022$6.4B-$1.9B-$916M
2023$7.9B+22%$2.7B-$3.5B
2024$5B-37%$1.5B-$11.6B
2025$13.8B+177%$2.7B-$6.8B
PeriodGross marginOperating marginNet marginROEROA
20210.0%0.0%0.0%0.0%0.0%
2022+65.1%+55.1%+28.8%-998.9%+12.3%
2023+78.7%+61.4%+33.9%+177.5%+9.4%
2024+66.4%+35.5%+31.0%+53.3%+3.5%
2025+49.3%+36.6%+19.6%+40.0%+5.0%
PeriodCashDebtNet debtCurrent ratio
2021---0.00
2022$618M$10.9B$10.3B0.81
2023$4.8B$21.2B$16.3B2.57
2024$3.6B$29.8B$26.2B1.29
2025$2.4B$34.9B$32.5B0.93
PeriodMarket capEnterprise valueP/SP/E
2021$56.4B$00.0-160.0
2022$56.4B$66.7B8.725.5
2023$49.7B$66B6.321.1
2024$58.1B$84.3B11.739.3
2025$16.5B$49.1B1.27.3
Q4 2024$926M
Q3 2024$926M
Q1 2025$2.9B
Q2 2025$3.1B
Q3 2025$3.3B
Q4 2025$4.4B
Q1 2026$4.6B
Q2 2026$4.6B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$926M-12%-$346M-$3.5B
Q3 2024$926M-12%-$346M-$3.5B
Q1 2025$2.9B+105%$464M-$2.4B
Q2 2025$3.1B+119%$435M-$1.5B
Q3 2025$3.3B+260%$496M-$1.4B
Q4 2025$4.4B+380%$1.1B-$1.5B
Q1 2026$4.6B+59%$598M-$2.4B
Q2 2026$4.6B+48%$1.4B-$4.1B
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+70.6%+20.4%-37.4%-17.7%-0.9%
Q3 2024+70.6%+20.4%-37.4%-17.7%-0.9%
Q1 2025+55.9%+37.3%+16.0%+9.5%+1.0%
Q2 2025+45.6%+33.5%+14.0%+8.3%+0.9%
Q3 2025+51.8%+39.7%+14.9%+6.8%+1.0%
Q4 2025+48.4%+38.7%+25.5%+16.8%+2.1%
Q1 2026+35.0%+25.9%+13.0%+6.7%+1.1%
Q2 2026+57.3%+47.2%+31.0%+16.6%+2.3%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$4.6B$27.4B$22.8B1.71
Q3 2024$4.6B$27.4B$22.8B1.71
Q1 2025$3.6B$29.8B$26.2B1.73
Q2 2025$2.2B$30.5B$28.2B1.39
Q3 2025$2.2B$33.6B$31.4B0.83
Q4 2025$2.4B$34.9B$32.5B0.93
Q1 2026$1.9B$37.6B$35.7B0.87
Q2 2026$3.2B$42.8B$39.6B1.19
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$58.1B$80.9B62.7-42.9
Q3 2024$58.1B$80.9B62.7-42.9
Q1 2025$24.7B$50.9B8.516.1
Q2 2025$37.8B$66B12.226.0
Q3 2025$34.5B$66B10.419.7
Q4 2025$16.7B$49.3B3.83.9
Q1 2026$39.1B$74.8B8.519.7
Q2 2026$27.7B$67.3B6.15.2

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.6BQ2 2026
$1.1B$2.3B$3.4B$4.6BQ4 2023: $1.1BQ3 2023: $1.1BQ1 2024: $1.4BQ2 2024: $1.4BQ4 2024: $926MQ3 2024: $926MQ1 2025: $2.9BQ2 2025: $3.1BQ3 2025: $3.3BQ4 2025: $4.4BQ1 2026: $4.6BQ2 2026: $4.6BQ4 2023Q2 2026
Net income$1.4BQ2 2026
$95.3M$536.5M$977.8M$1.4BQ4 2023: $617MQ3 2023: $617MQ1 2024: $648MQ2 2024: $648MQ4 2024: -$346MQ3 2024: -$346MQ1 2025: $464MQ2 2025: $435MQ3 2025: $496MQ4 2025: $1.1BQ1 2026: $598MQ2 2026: $1.4BQ4 2023Q2 2026
EBITDA$2.4BQ2 2026
$488.8M$1.1B$1.8B$2.4BQ4 2023: $1.2BQ3 2023: $1.2BQ1 2024: $1.1BQ2 2024: $1.1BQ4 2024: -$155MQ3 2024: -$155MQ1 2025: $1.2BQ2 2025: $1.2BQ3 2025: $1.3BQ4 2025: $2.2BQ1 2026: $1.4BQ2 2026: $2.4BQ4 2023Q2 2026
Free cash flow-$4.1BQ2 2026
-$3B-$2B-$1BQ4 2023: $0Q3 2023: $0Q1 2024: -$2.4BQ2 2024: -$2.4BQ4 2024: -$3.5BQ3 2024: -$3.5BQ1 2025: -$2.4BQ2 2025: -$1.5BQ3 2025: -$1.4BQ4 2025: -$1.5BQ1 2026: -$2.4BQ2 2026: -$4.1BQ4 2023Q2 2026
EPS$0.51Q2 2026
$0.02$0.19$0.35$0.51Q4 2023: $0.24Q3 2023: $0.24Q1 2024: $0.25Q2 2024: $0.25Q4 2024: -$0.14Q3 2024: -$0.14Q1 2025: $0.15Q2 2025: $0.14Q3 2025: $0.16Q4 2025: $0.41Q1 2026: $0.2Q2 2026: $0.51Q4 2023Q2 2026
Cash / Debt$3.2BQ2 2026
$10.7B$21.4B$32.1B$42.8BQ4 2023 · Cash: $4.8BQ4 2023 · Debt: $21.2BQ1 2024 · Cash: $5BQ1 2024 · Debt: $0Q2 2024 · Cash: $5BQ2 2024 · Debt: $0Q4 2024 · Cash: $4.6BQ4 2024 · Debt: $27.4BQ3 2024 · Cash: $4.6BQ3 2024 · Debt: $27.4BQ1 2025 · Cash: $3.6BQ1 2025 · Debt: $29.8BQ2 2025 · Cash: $2.2BQ2 2025 · Debt: $30.5BQ3 2025 · Cash: $2.2BQ3 2025 · Debt: $33.6BQ4 2025 · Cash: $2.4BQ4 2025 · Debt: $34.9BQ1 2026 · Cash: $1.9BQ1 2026 · Debt: $37.6BQ2 2026 · Cash: $3.2BQ2 2026 · Debt: $42.8BQ4 2023Q2 2026
CashDebt
Profitability+57.3%Q2 2026
-10.4%+16.6%+43.6%+70.6%Q4 2023 · Gross margin: +60.2%Q3 2023 · Gross margin: +60.2%Q1 2024 · Gross margin: +69.2%Q2 2024 · Gross margin: +69.2%Q4 2024 · Gross margin: +70.6%Q3 2024 · Gross margin: +70.6%Q1 2025 · Gross margin: +55.9%Q2 2025 · Gross margin: +45.6%Q3 2025 · Gross margin: +51.8%Q4 2025 · Gross margin: +48.4%Q1 2026 · Gross margin: +35.0%Q2 2026 · Gross margin: +57.3%Q4 2023 · Operating margin: +29.3%Q3 2023 · Operating margin: +29.3%Q1 2024 · Operating margin: +43.6%Q2 2024 · Operating margin: +43.6%Q4 2024 · Operating margin: +20.4%Q3 2024 · Operating margin: +20.4%Q1 2025 · Operating margin: +37.3%Q2 2025 · Operating margin: +33.5%Q3 2025 · Operating margin: +39.7%Q4 2025 · Operating margin: +38.7%Q1 2026 · Operating margin: +25.9%Q2 2026 · Operating margin: +47.2%Q4 2023 · Net margin: +58.5%Q3 2023 · Net margin: +58.5%Q1 2024 · Net margin: +45.8%Q2 2024 · Net margin: +45.8%Q4 2024 · Net margin: -37.4%Q3 2024 · Net margin: -37.4%Q1 2025 · Net margin: +16.0%Q2 2025 · Net margin: +14.0%Q3 2025 · Net margin: +14.9%Q4 2025 · Net margin: +25.5%Q1 2026 · Net margin: +13.0%Q2 2026 · Net margin: +31.0%Q4 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+47.6%Q2 2026
+85.9%+183.9%+282.0%+380.0%Q4 2024: -12.1%Q3 2024: -12.1%Q1 2025: +104.7%Q2 2025: +119.3%Q3 2025: +259.5%Q4 2025: +380.0%Q1 2026: +58.9%Q2 2026: +47.6%Q4 2023Q2 2026
Shares outstanding2.6BQ2 2026
660.8M1.3B2B2.6BQ4 2023: 2.6BQ3 2023: 2.6BQ1 2024: 2.6BQ2 2024: 2.6BQ4 2024: 2.4BQ3 2024: 2.4BQ1 2025: 2.6BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.5BQ2 2026: 2.6BQ4 2023Q2 2026
Valuation5.2Q2 2026
-16.59.936.362.7Q4 2023 · P/E: 23.1Q3 2023 · P/E: 23.1Q1 2024 · P/E: 21.4Q2 2024 · P/E: 21.4Q4 2024 · P/E: -42.9Q3 2024 · P/E: -42.9Q1 2025 · P/E: 16.1Q2 2025 · P/E: 26.0Q3 2025 · P/E: 19.7Q4 2025 · P/E: 3.9Q1 2026 · P/E: 19.7Q2 2026 · P/E: 5.2Q4 2023 · P/S: 53.5Q3 2023 · P/S: 53.5Q1 2024 · P/S: 39.9Q2 2024 · P/S: 39.9Q4 2024 · P/S: 62.7Q3 2024 · P/S: 62.7Q1 2025 · P/S: 8.5Q2 2025 · P/S: 12.2Q3 2025 · P/S: 10.4Q4 2025 · P/S: 3.8Q1 2026 · P/S: 8.5Q2 2026 · P/S: 6.1Q4 2023Q2 2026
P/EP/S
Revenue$13.8B2025
$3.4B$6.9B$10.3B$13.8B2021: $02022: $6.4B2023: $7.9B2024: $5B2025: $13.8B20212025
Net income$2.7B2025
$407.3M$1.2B$1.9B$2.7B2021: -$356M2022: $1.9B2023: $2.7B2024: $1.5B2025: $2.7B20212025
EBITDA$5.8B2025
$1.2B$2.7B$4.2B$5.8B2021: -$371M2022: $4.3B2023: $5.4B2024: $3.1B2025: $5.8B20212025
Free cash flow-$6.8B2025
-$8.7B-$5.8B-$2.9B2021: -$2.6B2022: -$916M2023: -$3.5B2024: -$11.6B2025: -$6.8B20212025
EPS$0.862025
$0.16$0.45$0.75$1.042021: -$0.142022: $0.942023: $1.042024: $0.612025: $0.8620212025
Cash / Debt$2.4B2025
$8.7B$17.5B$26.2B$34.9B2022 · Cash: $618M2022 · Debt: $10.9B2023 · Cash: $4.8B2023 · Debt: $21.2B2024 · Cash: $3.6B2024 · Debt: $29.8B2025 · Cash: $2.4B2025 · Debt: $34.9B20212025
CashDebt
Profitability+49.3%2025
+19.7%+39.3%+59.0%+78.7%2021 · Gross margin: 0.0%2022 · Gross margin: +65.1%2023 · Gross margin: +78.7%2024 · Gross margin: +66.4%2025 · Gross margin: +49.3%2021 · Operating margin: 0.0%2022 · Operating margin: +55.1%2023 · Operating margin: +61.4%2024 · Operating margin: +35.5%2025 · Operating margin: +36.6%2021 · Net margin: 0.0%2022 · Net margin: +28.8%2023 · Net margin: +33.9%2024 · Net margin: +31.0%2025 · Net margin: +19.6%20212025
Gross marginOperating marginNet margin
Revenue growth+176.9%2025
+16.5%+69.9%+123.4%+176.9%2023: +22.5%2024: -37.0%2025: +176.9%20212025
Shares outstanding2.6B2025
658.8M1.3B2B2.6B2021: 2.6B2022: 2.6B2023: 2.6B2024: 2.4B2025: 2.6B20212025
Valuation7.32025
-110.2-60.3-10.539.32021 · P/E: -160.02022 · P/E: 25.52023 · P/E: 21.12024 · P/E: 39.32025 · P/E: 7.32021 · P/S: 0.02022 · P/S: 8.72023 · P/S: 6.32024 · P/S: 11.72025 · P/S: 1.220212025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-09
Revenue est. $4.8B · Updated 2h ago
Dividend
$0.04
2026-09-15

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20261.70$18.6B+35%9
FY 20270.85$16.2B+17%10
FY 20281.37$20.6B+50%10
FY 20291.67$25.6B+86%4
FY 20301.17$25.8B+87%4
Q1 20280.37$4.5B-3%5

Company events

6
2026-11-09EarningsActual - / Estimate 0.57-
2026-09-15Dividend$0.04-
2026-08-11Earnings · Before market openActual 0.51 / Estimate 0.48Beat
2026-06-15Dividend$0.018-
2026-05-12EarningsActual 0.19 / Estimate 0.13Beat
2026-03-16Dividend$0.018-

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 22, 2026, 03:02 PM UTC

Company profile

Sector
Energy
Industry
Oil & Gas Midstream
Chief executive
Michael A. Sabel
Employees
2,000
IPO date
Jan 24, 2025
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.18
Piotroski scorei6/9
FMP ratingiB-
Owner earningsi$1.00B$0.38 per share
ESG risk ratingiBIndustry rank: 27 out of 60

Rating factors

Return on equityi
5
Return on assetsi
4
Debt to equityi
1
Price to earningsi
3
Price to booki
1
Market cap history
$34.00B+22.6%Jun 26 – Sep 26
$26.72B$32.37B$38.01BHigh: $38.01B · 2026-09-14Low: $26.72B · 2026-07-06Latest: $34.00B · 2026-09-21Jun 26Jul 26Aug 26Sep 26
Latest: $34.00B · 2026-09-21High: $38.01B · 2026-09-14Low: $26.72B · 2026-07-06
Largest fund holders
FundWeightShares held
VTI0.01%8.2M
VUG0.03%7.3M
XOP2.41%6.8M
VXF0.09%6M
PWRD6.01%5.9M
MLPX2.29%5.6M
MDLOX0.03%5.1M
MGNR4.53%3.8M
VB0.02%3M
MLXAX8.24%2.9M
VO0.02%2.8M
SCHA0.17%2.5M

Analyst track record

How the analysts covering VG have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings83134
Analysts1720
Buy / hold / sell51 / 30 / 281 / 51 / 2
Upgrades / downgrades / initiations4 / 2 / 36 / 4 / 13
Price targets hit / missed19 / 63 (23%)26 / 105 (20%)
Avg. return after a rating (TipRanks)-9.6%-14.1%
Best / worst call+59.6% / -42.0%+59.6% / -56.0%

After buy calls on this stock: median 21-day move -1.7% vs S&P 500 -2.7% (n = 76)

Latest ratings

DateAnalystCallTarget
Sep 25, 2026Devin McDermottMorgan StanleyBuyReiterated$22.00
Sep 25, 2026Devin McDermottMorgan StanleyBuyMaintained$22.00
Sep 22, 2026Unknown AnalystBernsteinHoldMaintained$14.00
Sep 22, 2026Unknown AnalystBernsteinHoldMaintained$14.00
Sep 21, 2026Elvira ScottoRBC CapitalBuyMaintained$16.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$8.00$10.00$12.00$14.00$16.00Nov 25 · Buy 6 · Hold 6 · Sell 0Nov 25Dec 25 · Buy 6 · Hold 6 · Sell 0Jan 26 · Buy 5 · Hold 7 · Sell 0Jan 26Feb 26 · Buy 6 · Hold 7 · Sell 1Mar 26 · Buy 7 · Hold 7 · Sell 0Mar 26Apr 26 · Buy 7 · Hold 5 · Sell 0May 26 · Buy 8 · Hold 5 · Sell 0May 26Jun 26 · Buy 9 · Hold 5 · Sell 0Jul 26 · Buy 9 · Hold 6 · Sell 0Jul 26Aug 26 · Buy 9 · Hold 6 · Sell 0Sep 26 · Buy 9 · Hold 7 · Sell 0Sep 26Oct 26 · Buy 9 · Hold 7 · Sell 0Nov 25 · avg. target $13.00Dec 25 · avg. target $12.42Jan 26 · avg. target $11.83Feb 26 · avg. target $11.31Mar 26 · avg. target $14.82Apr 26 · avg. target $15.38May 26 · avg. target $16.38Jun 26 · avg. target $16.29Jul 26 · avg. target $16.27Aug 26 · avg. target $16.33Sep 26 · avg. target $16.25Oct 26 · avg. target $16.25Nov 25 · month-end close $7.46Dec 25 · month-end close $6.82Jan 26 · month-end close $9.80Feb 26 · month-end close $9.69Mar 26 · month-end close $15.76Apr 26 · month-end close $13.27May 26 · month-end close $12.04Jun 26 · month-end close $11.13Jul 26 · month-end close $13.38Aug 26 · month-end close $14.64Sep 26 · month-end close $12.64Oct 26 · month-end close $13.13

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 2, 2026 · 83 ratings

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