Venture Global Reports Q3 2026 Operational LNG Export Metrics & Liquefaction Fees

Overview of Current Report (Form 8-K)

On October 7, 2026, Venture Global, Inc. filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition), reporting preliminary operational metrics for the third quarter ended September 30, 2026, ahead of its full quarterly earnings release.

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Key Operational & Financial Metrics

1. Consolidated Venture Global Results

• Volume Sold & Recognized in Revenue: 465.8 TBtu of LNG.
• Realized Fee: Implied weighted average fixed liquefaction fee of $6.79 per MMBtu (excluding the impact of gas supply basis).
• Total Cargos Exported: 124 cargos during the quarter.

2. Facility Breakdown

• Plaquemines LNG: Sold and recognized 328.1 TBtu of LNG across 87 exported cargos, representing the primary driver of production.
• Calcasieu Pass LNG: Sold and recognized 137.7 TBtu of LNG across 37 exported cargos.

3. Revenue Recognition Timing

• Cargo revenue recognition occurs upon transfer of control: Free on Board (FOB) cargos are recognized when loaded/unmoored, whereas Delivered Ex-Ship (DES) and Delivered Place Unloaded (DPU) cargos are recognized upon destination delivery.
• During Q3 2026, Venture Global exported 5 DES cargos (20.4 TBtu) on owned or chartered vessels that will be recognized in Q4 2026 due to transit time.

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Market Implications

This operational disclosure offers investors early visibility into Q3 2026 volumes and liquefaction cash generation ahead of GAAP net income and Adjusted EBITDA reporting. The ramp-up at Plaquemines (accounting for ~70% of recognized volume) underscores significant operational execution, while the implied fee of $6.79/MMBtu provides a baseline for revenue modeling.