Venture Global, Inc. (VG) stock surged 6.38% in pre-market trading on Monday following the release of its impressive third-quarter earnings report. The company's financial results showcased robust revenue growth and strong demand for liquefied natural gas (LNG), despite a slight miss on earnings per share.

Venture Global reported Q3 revenue of $3.33 billion, surpassing analysts' expectations of $3.28 billion. The company's top-line performance represents a significant 260% increase compared to the same period last year. While the earnings per share of $0.16 fell short of the FactSet estimate of $0.24, Venture Global still managed to post a profit, turning around from a loss in the previous year.

The strong financial results were driven by increased output from the company's Plaquemines LNG plant in Louisiana and robust LNG demand. Venture Global achieved a new record by exporting 100 cargos totaling 372 TBtu of liquefied natural gas, marking a 237% increase in cargo shipments compared to the previous year. Additionally, the company announced new long-term LNG sales agreements, including a 1.0 MTPA 20-year agreement with Naturgy of Spain and a 0.5 MTPA 20-year agreement with Atlantic-SEE LNG Trade S.A. of Greece. These developments, coupled with the company's positive outlook for 2025, with expected exports of 148 cargos from the Calcasieu project and 234-238 cargos from the Plaquemines project, have likely contributed to investor optimism and the pre-market stock surge.