Venture Global, Inc. (VG) income statement
NYSE · Energy · Oil & Gas Midstream · 2,000 employees · CEO Michael A. Sabel
- Price
- $14.79 +0.14%
- Market cap
- $37B
- Enterprise value
- $76.6B
- Last report
- Q2 '26 filed 2026-08-11
- Next report
- 2026-11-10 EPS est. $0.50
Venture Global, Inc. (VG) reported revenue of $4.58B for Q2 '26 (+47.6% year on year), operating income of $2.16B (47.2% of revenue) and net income of $1.42B. Over the last four quarters revenue was $17B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.63B | $1.41B | $1.11B | $926M | $1.52B | $2.89B | $3.1B | $3.33B | $4.45B | $4.6B | $4.58B | |
| Cost of revenue | $419M | $558M | $435M | $370M | $272M | $507M | $1.4B | $1.69B | $1.61B | $2.29B | $2.99B | $1.95B | |
| Gross profit | $635M | $1.07B | $979M | $738M | $654M | $1.02B | $1.5B | $1.42B | $1.72B | $2.15B | $1.61B | $2.63B | |
| Research & development | $142M | $166M | $181M | $174M | $156M | $124M | $0 | $57M | $53M | $52M | $49M | $0 | |
| General & administrative | $58M | $59M | $72M | $75M | $77M | $88M | $105M | $103M | $105M | $120M | $0 | $112M | |
| Other operating expenses | $126M | $112M | $109M | $126M | $232M | $211M | $436M | $217M | $245M | $261M | $270M | $353M | |
| Operating expenses | $326M | $337M | $362M | $375M | $465M | $423M | $541M | $377M | $403M | $433M | $416M | $465M | |
| Operating income | $309M | $737M | $617M | $363M | $189M | $594M | $958M | $1.04B | $1.32B | $1.72B | $1.19B | $2.16B | |
| Interest income | $44M | $69M | $73M | $61M | $53M | $57M | $56M | $38M | $27M | $30M | $28M | $26M | |
| Interest expense | $154M | $193M | $186M | $153M | $128M | $117M | $276M | $310M | $421M | $447M | $444M | $489M | |
| Other non-operating income (gains on investments, FX ...) | -$829M | $0 | -$442M | $0 | $433M | $0 | $14M | $137M | $262M | -$196M | $0 | $0 | |
| Total non-operating income | $675M | -$790M | $256M | $81M | -$561M | $644M | -$290M | -$447M | -$683M | -$251M | -$457M | -$407M | |
| Income before tax | $984M | -$53M | $873M | $444M | -$372M | $1.24B | $668M | $591M | $637M | $1.47B | $736M | $1.75B | |
| Income tax | $203M | $52M | $175M | $92M | -$78M | $248M | $151M | $116M | $87M | $276M | $111M | $336M | |
| Net income | $617M | -$16M | $648M | $338M | -$346M | $975M | $502M | $435M | $496M | $1.14B | $598M | $1.42B | |
| EPS (basic) | $0.26 | -$0.02 | $0.28 | $0.13 | -$0.14 | $0.36 | $0.16 | $0.15 | $0.18 | $0.44 | $0.20 | $0.54 | |
| EPS (diluted) | $0.24 | -$0.02 | $0.25 | $0.12 | -$0.14 | $0.36 | $0.15 | $0.14 | $0.16 | $0.41 | $0.20 | $0.51 | |
| Shares (basic, weighted) | 2.35B | 2.42B | 2.35B | 2.43B | 2.42B | 2.42B | 2.42B | 2.42B | 2.43B | 2.45B | 2.48B | 2.49B | |
| Shares (diluted, weighted) | 2.58B | 2.42B | 2.58B | 2.58B | 2.42B | 2.42B | 2.64B | 2.64B | 2.64B | 2.62B | 2.48B | 2.64B | |
| Depreciation & amortization | $69M | $92M | $70M | $70M | $89M | $93M | $216M | $267M | $218M | $240M | $251M | $260M | |
| EBITDA | $1.21B | $829M | $1.13B | $433M | -$155M | $687M | $1.16B | $1.17B | $1.28B | $2.15B | $1.44B | $2.42B |
| Income statement | Trend | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $6.45B | $7.9B | $4.97B | $13.8B | |
| Cost of revenue | $6M | $2.25B | $1.68B | $1.67B | $6.98B | |
| Gross profit | -$6M | $4.2B | $6.21B | $3.3B | $6.79B | |
| Research & development | $188M | $311M | $490M | $635M | $0 | |
| General & administrative | $89M | $191M | $224M | $312M | $433M | |
| Other operating expenses | $54M | $140M | $649M | $589M | $1.32B | |
| Operating expenses | $331M | $642M | $1.36B | $1.54B | $1.75B | |
| Operating income | -$337M | $3.56B | $4.85B | $1.76B | $5.03B | |
| Interest income | -$97M | $18M | $172M | $244M | $151M | |
| Interest expense | $52M | $592M | $641M | $584M | $1.45B | |
| Other non-operating income (gains on investments, FX ...) | $47M | -$581M | -$223M | -$1B | $217M | |
| Total non-operating income | -$99M | -$11M | -$418M | $420M | -$1.67B | |
| Income before tax | -$436M | $3.54B | $4.43B | $2.18B | $3.36B | |
| Income tax | $0 | $447M | $816M | $437M | $630M | |
| Net income | -$356M | $1.86B | $2.68B | $1.54B | $2.7B | |
| EPS (basic) | -$0.15 | $0.94 | $1.14 | $0.61 | $0.93 | |
| EPS (diluted) | -$0.14 | $0.94 | $1.04 | $0.61 | $0.86 | |
| Shares (basic, weighted) | 2.35B | 2.35B | 2.07B | 2.42B | 2.43B | |
| Shares (diluted, weighted) | 2.58B | 2.58B | 2.58B | 2.42B | 2.64B | |
| Depreciation & amortization | $13M | $158M | $277M | $322M | $941M | |
| EBITDA | -$371M | $4.29B | $5.35B | $3.09B | $5.76B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31
Some figures could not be updated in the last refresh; they show older data or none.
Data as of 2026-11-02