Quarterly ResultMay 12, 2026, 06:07 AM
Venture Global Q1 Revenue $4.6B, Net Income $625M; CP2 Phase 2 FID
AI Summary
Venture Global reported strong first-quarter 2026 financial results, with revenue increasing to $4.6 billion from $2.9 billion year-over-year and net income rising to $625 million from $517 million. The company achieved Final Investment Decision (FID) for Phase 2 of its CP2 Project in March 2026, securing an additional $8.6 billion in project financing. Subsequent to the quarter, VGCP refinanced $757 million of debt, and Calcasieu Funding secured a $1.75 billion facility to redeem $1.6 billion in preferred units.
Key Highlights
- Q1 2026 Revenue increased to $4,599 million from $2,894 million in Q1 2025.
- Q1 2026 Net Income rose to $625 million from $517 million in Q1 2025.
- Basic EPS for Q1 2026 was $0.20, up from $0.17 in Q1 2025.
- Achieved Final Investment Decision (FID) for CP2 Project Phase 2 in March 2026.
- Secured $8.6 billion in additional project financing for CP2 Project Phase 2.
- Long-term debt, net, increased to $36,456 million from $33,393 million at Dec 31, 2025.
- VGCP issued $750 million notes in April 2026 to prepay $757 million debt.
- Calcasieu Funding secured $1.75 billion facility in April 2026 to redeem $1.6 billion preferred units.