Venture Global, Inc. 8-K

What Happened
Venture Global, Inc. announced on April 9, 2026 the operational results for the quarter ended March 31, 2026: the company sold and recognized in revenue 480.8 TBtu of LNG at an implied weighted average fixed liquefaction fee of $3.82 per MMBtu and exported 130 cargos from its facilities. The company reported facility-level volumes of 141.2 TBtu (38 cargos) from Calcasieu Pass and 339.6 TBtu (92 cargos) from Plaquemines. Two DES cargos (8.3 TBtu) exported from Plaquemines on company-owned/chartered vessels will be recognized in revenue in the following quarter due to delivery timing.

Key Details

• Total LNG sold and recognized in revenue (Q1 2026): 480.8 TBtu; implied weighted average fixed liquefaction fee: $3.82/MMBtu.
• Total cargos exported (Q1 2026): 130 cargos (Calcasieu Pass: 38 cargos; Plaquemines: 92 cargos).
• Two DES cargos (8.3 TBtu) from Plaquemines will be recognized in the next quarter because revenue for DES/DPU shipments is recognized upon destination delivery.
• Company will report full first-quarter financial results (net income, cash flow, etc.) when it issues its quarterly earnings; the disclosed volumes and fee are operational metrics, not a substitute for GAAP results.

Why It Matters
This filing provides an early operational snapshot ahead of the formal Q1 earnings release, showing export activity, volumes and an implied per-unit liquefaction fee—useful indicators of revenue-driving operations. Investors should note these are limited performance measures (not full GAAP results), timing of revenue recognition can shift reported revenue across quarters (e.g., DES/DPU cargos), and the company did not reconcile any projected non‑GAAP metrics to net income in this filing.