Venture Global, Inc. (VG)财务
NYSE · Energy · Oil & Gas Midstream · 员工2,000人 · CEO Michael A. Sabel
- 股价
- $14.79 +0.14%
- 市值
- $370亿
- 企业价值
- $766亿
- 最近财报
- Q2 '26 2026-08-11提交
- 下次财报
- 2026-11-10 EPS预期 $0.50
营收(TTM)$170亿+100.7% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)37.7%+4.8 百分点 对比去年同期营业利润 $63.9亿
净利润(TTM)$36.5亿+133.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$94.1亿+9.4% 对比去年同期资本支出 $170亿
稀释EPS(TTM)$1.28+151.0% 对比去年同期最近4个季度之和
净现金-$396亿-40.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $370亿 EV $766亿
- 营收
- $170亿 过去12个月
- 营收增速
- +37% FY2026年一致预期
- 净利润率
- 21.5% 净利润 / 营收,TTM
- P/E
- 10.9× 预期 8.3×(FY2026)
- P/S
- 2.2× 股价 / 营收,TTM
- EV / EBITDA
- 10.5× TTM
- 自由现金流
- -$94.1亿 过去12个月
- 净利润
- $36.5亿 过去12个月
- 营收预期
- $189亿 FY2026年一致预期
- 盈利
- 2026-11-10 营收预期 $47.1亿
- 股息
- $0.07 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-11):营收低于预期2.5%,EPS 超预期5.3%营收$45.8亿,预期$46.9亿(-2.5%);EPS $0.51,预期$0.48(+5.3%)。
- 营收增长放缓:同比47.6%Q2 '26营收$45.8亿,此前四个季度的平均值为172.5%。
- 营业利润率37.7%(TTM),较去年同期+4.8 百分点营收增长100.7%,营业利润增长130.0%。
- 税前利润的39.1%被营业外亏损吞噬税前利润$45.9亿,营业利润$63.9亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的100.3%(去年为164.7%)最近4个季度投入$170亿(同比+22.2%)。自由现金流-$94.1亿,相当于净利润的-257.9%。
- 稀释股数一年内增加0.3%Q2 '26稀释股数26.4亿,一年前为26.4亿。
- 净债务 $396亿现金 + 短期投资 $31.9亿,含租赁债务 $428亿;一年前净债务 $282亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $45.8亿 | $31亿 | +47.6% |
| 毛利率 | 57.3% | 45.6% | +11.7 百分点 |
| 营业利润 | $21.6亿 | $10.4亿 | +108.1% |
| 营业利润率 | 47.2% | 33.5% | +13.7 百分点 |
| 净利润 | $14.2亿 | $4.35亿 | +226.2% |
| 稀释EPS | $0.51 | $0.14 | +264.3% |
| 经营现金流 | $28.4亿 | $14.6亿 | +94.4% |
| 资本支出 | $69亿 | $29.8亿 | +131.5% |
| 自由现金流 | -$40.7亿 | -$15.2亿 | -167.1% |
| R&D | $0 | $5700万 | -100.0% |
| 股权激励费用 | $2700万 | $0 | – |
实际 vs 一致预期
2026-08-11| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $45.8亿 | $46.9亿 | -2.5% |
| EPS(一致预期口径) | $0.51 | $0.48 | +5.3% |
来自2026-08-11发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Liquefied Natural Gas | $45.6亿 | +47.9% | 99.5% | – | – | |
| Product and Service, Other | $2200万 | +4.8% | 0.5% | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $1.03亿 | -52.0% | 94.4% | – | – | |
| Non-US | $0 | -100.0% | 0.0% | – | – | |
| CANADA | $611万 | -32.2% | 5.6% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Calcasieu Project Segment | – | – | $6700万 | -63.4% | – | – | $4.8亿 |
| Plaquemines Project Segment | – | – | $22.1亿 | +140.2% | – | – | $61.5亿 |
| CP2 Project Segment | – | – | -$5500万 | -96.4% | – | – | -$1.92亿 |
| Direct Sales And Shipping Segment | – | – | – | – | – | – | – |
| Corporate Reconciling Items And Eliminations | – | – | -$2.47亿 | -142.2% | – | – | -$5.18亿 |
| Sales And Shipping Segment | – | – | $2.11亿 | +229.7% | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $75.9亿
- 资本支出
- -$170亿
- 股票回购
- $0
- 股息
- -$4.87亿
- 收购
- $0
- 债务净发行
- $132亿
- 股权激励费用
- $3900万
- 自由现金流
- -$94.1亿
- 股东回报 / FCF
- -5.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 10.9× | 23.3× 5年中的4年 | 7.3× – 39.3× |
| EV / EBITDA | 10.5× | 15.9× 5年中的4年 | 8.5× – 27.3× |
| EV / 营收 | 4.5× | 9.8× 5年中的4年 | 3.6× – 16.9× |
| 股价 / FCF | -3.9× | – | – |
| 股价 / 净资产 | 4.3× | 18.5× 5年中的3年 | 2.5× – 32.9× |
| FCF收益率 | -25.4% | -14.9% | -41.1% – -1.6% |
| 投入资本回报率 | 9.1% | 10.0% | 0.0% – 23.0% |
| 净资产收益率 | 46.3% | -145.6% | -998.9% – 177.5% |
分析师
一致目标价 $17.00 (+14.9%)
区间 $13.00 – $22.00 · 评级 Buy
强烈买入0
买入19
持有12
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $189亿 | +37.2% | $1.79 | +107.8% | 8.3× | 9 |
| FY2027 | $175亿 | -7.3% | $1.23 | -31.3% | 12.1× | 10 |
| FY2028 | $225亿 | +28.3% | $1.79 | +46.0% | 8.3× | 9 |
| FY2029 | $257亿 | +14.3% | $2.16 | +20.5% | 6.9× | 3 |
| FY2030 | $262亿 | +2.1% | $1.71 | -21.0% | 8.7× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Venture Global, Inc.在近期10-Q / 10-K文件中标记的全部263项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $8.28亿 | $6.01亿 | +37.8% | $7.37亿 | $15.4亿 | -52.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $8.44亿 | $6.73亿 | +25.4% | $9.18亿 | $3.64亿 | +152.2% |
| Accrued Liabilities, Current | $27.1亿 | $20.6亿 | +31.4% | $28亿 | $18.2亿 | +53.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.32亿 | -$2.42亿 | +4.1% | -$2.39亿 | -$2.49亿 | +4.0% |
| Additional Paid in Capital | $23.1亿 | $21.8亿 | +6.1% | $22.4亿 | $5.12亿 | +337.1% |
| Amortization of Debt Issuance Costs and Discounts | $6700万 | $3800万 | +76.3% | $1.75亿 | $1.41亿 | +24.1% |
| Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $165亿2025-12-31 | – | – | $165亿 | – | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3300万 | 1400万 | +135.7% | 1400万 | – | – |
| Asset Retirement Obligation | $2.08亿2025-12-31 | $5.02亿 | -58.6% | $2.08亿 | $5.02亿 | -58.6% |
| Asset Retirement Obligation, Accretion Expense | – | – | – | $2300万 | $2800万 | -17.9% |
| Asset Retirement Obligation, Liabilities Incurred | – | – | – | $2200万 | $6300万 | -65.1% |
| Asset Retirement Obligation, Revision of Estimate | $02025-12-31 | – | – | -$3.39亿 | $0 | – |
| Assets | $615亿 | $465亿 | +32.3% | $534亿 | $435亿 | +22.9% |
| Assets, Current | $45.3亿 | $39.8亿 | +13.9% | $40.4亿 | $45.6亿 | -11.4% |
| Assets, Fair Value Disclosure | $6.39亿 | $18.6亿 | -65.6% | $6.36亿 | $30.2亿 | -78.9% |
| Capital Expenditures Incurred but Not yet Paid | $1.18亿 | $2.01亿 | -41.3% | $15.8亿 | $20.9亿 | -24.5% |
| Cash and Cash Equivalents, at Carrying Value | $31.2亿 | $22.5亿 | +38.9% | $23.6亿 | $36.1亿 | -34.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $45.9亿 | $29.2亿 | +57.1% | $34.3亿 | $46.1亿 | -25.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $15.4亿 | -$11.1亿 | +238.4% | -$11.9亿 | -$12.6亿 | +5.5% |
| Common Stock, Capital Shares Reserved for Future Issuance | 1.72亿2025-09-30 | – | – | – | – | – |
| Common Stock, Dividends, Per Share, Declared | $0.02 | – | – | $0.03 | – | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $13.5亿 | $3.72亿 | +262.9% | $22.7亿 | $14.9亿 | +52.8% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $14.2亿 | $4.78亿 | +197.1% | $27.4亿 | $17.6亿 | +56.1% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $16.6亿 | $14.2亿 | +17.0% | $59.2亿 | $13.5亿 | +338.2% |
| Costs and Expenses | $23.9亿 | $20.6亿 | +15.9% | $86.1亿 | $32.1亿 | +168.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$700万 | -$1400万 | +50.0% |
| Current Income Tax Expense (Benefit) | – | – | – | -$1000万 | -$1000万 | 0.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | -$300万 | $400万 | -175.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $5.72亿 | $5.32亿 | +7.5% | $6.07亿 | $2.75亿 | +120.7% |
| Debt Issuance Costs, Noncurrent, Net | $8.77亿 | $1.46亿 | +500.7% | $5.43亿 | $3.84亿 | +41.4% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $6.56亿 | $4.39亿 | +49.4% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$500万 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $6.4亿 | $4.47亿 | +43.2% |
| Deferred Income Tax Liabilities, Net | $27.2亿 | $19.2亿 | +41.4% | $23.2亿 | $16.4亿 | +41.7% |
| Deferred Income Taxes and Tax Credits | $2.96亿 | $1.15亿 | +157.4% | $6.38亿 | $4.46亿 | +43.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1100万 | $800万 | -237.5% |
| Deferred Tax Assets, Gross | $26.4亿2025-12-31 | $20亿 | +31.7% | $26.4亿 | $20亿 | +31.7% |
| Deferred Tax Assets, Operating Loss Carryforwards | $22.8亿2025-12-31 | $16.4亿 | +39.1% | $22.8亿 | $16.4亿 | +39.1% |
| Deferred Tax Assets, Other | $800万2025-12-31 | $600万 | +33.3% | $800万 | $600万 | +33.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $4000万2025-12-31 | $3400万 | +17.6% | $4000万 | $3400万 | +17.6% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $5500万2025-12-31 | $4500万 | +22.2% | $5500万 | $4500万 | +22.2% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Asset Retirement Obligations | $3000万2025-12-31 | $8000万 | -62.5% | $3000万 | $8000万 | -62.5% |
| Deferred Tax Assets, Valuation Allowance | $2.07亿2025-12-31 | $1.33亿 | +55.6% | $2.07亿 | $1.33亿 | +55.6% |
| Deferred Tax Liabilities, Derivatives | $1400万2025-12-31 | $3.44亿 | -95.9% | $1400万 | $3.44亿 | -95.9% |
| Deferred Tax Liabilities, Gross | $47.4亿2025-12-31 | $35亿 | +35.3% | $47.4亿 | $35亿 | +35.3% |
| Deferred Tax Liabilities, Leasing Arrangements | $2.2亿2025-12-31 | $1.94亿 | +13.4% | $2.2亿 | $1.94亿 | +13.4% |
| Deferred Tax Liabilities, Net | $23.1亿2025-12-31 | $16.4亿 | +41.3% | $23.1亿 | $16.4亿 | +41.3% |
| Deferred Tax Liabilities, Other | $500万2025-12-31 | $800万 | -37.5% | $500万 | $800万 | -37.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $33.8亿2025-12-31 | $17.6亿 | +91.4% | $33.8亿 | $17.6亿 | +91.4% |
| Depreciation | $2.57亿 | $2.63亿 | -2.3% | $9.3亿 | $3.16亿 | +194.3% |
| Depreciation, Depletion and Amortization | $2.6亿 | $2.67亿 | -2.6% | $9.41亿 | $3.22亿 | +192.2% |
| Derivative Asset, Current | $9700万 | $1.02亿 | -4.9% | $6500万 | $1.54亿 | -57.8% |
| Derivative Asset, Fair Value, Gross Asset | $3.93亿 | $6.15亿 | -36.1% | $2.96亿 | $16.5亿 | -82.0% |
| Derivative Asset, Fair Value, Gross Liability | $1800万 | $300万 | +500.0% | $1500万 | $1200万 | +25.0% |
| Derivative Asset, Noncurrent | $2.78亿 | $5.1亿 | -45.5% | $2.16亿 | $14.8亿 | -85.4% |
| Derivative Liability, Current | $7900万 | – | – | $1.04亿 | $1300万 | +700.0% |
| Derivative Liability, Fair Value, Gross Asset | $1800万 | $300万 | +500.0% | $1500万 | $1200万 | +25.0% |
| Derivative Liability, Fair Value, Gross Liability | $2.38亿 | $2.54亿 | -6.3% | $2.71亿 | $3900万 | +594.9% |
| DerivativeAssetFairValueAfterOffsetAndDeductionSubjectToMasterNettingArrangement | $3.75亿 | $6.12亿 | -38.7% | $2.81亿 | $16.4亿 | -82.8% |
| DerivativeLiabilityFairValueAfterOffsetAndDeductionSubjectToMasterNettingArrangement | $2.2亿 | $2.51亿 | -12.4% | $2.56亿 | $2700万 | +848.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
部分数据在上次刷新中未能更新，显示的是旧数据或无数据。
数据截至 2026-11-02