Venture Global, Inc.'s stock soared 7.69% during intraday trading on Friday, continuing its strong performance this week.

The surge follows the company's better-than-expected first-quarter results, with revenue reaching $4.6 billion, a 59% year-over-year increase that significantly surpassed market consensus estimates. Adjusted EBITDA of $1.4 billion also exceeded expectations.

Investors were further encouraged by the company's decision to raise its full-year adjusted EBITDA guidance from $5.2–5.8 billion to $8.2–8.5 billion, reflecting expectations of higher liquefaction rates and increased LNG sales volumes. The company also announced a final investment decision on Phase 2 of its CP2 project along with $8.6 billion in project financing.

Market sentiment has been bolstered by heightened global demand for U.S. LNG amid geopolitical disruptions in the Strait of Hormuz, reinforcing confidence in Venture Global's growth outlook within the energy sector.