Venture Global Inc. has reported its financial results for the first quarter of 2025, revealing significant growth in several key areas compared to the same period in the previous year. The company's revenue soared to $2.894 billion, marking a 105% increase from Q1 2024 when it stood at $1.414 billion. Income from operations also saw a notable rise, reaching $1.080 billion, a 75% increase from $617 million in the previous year. However, the net income declined by 39%, totaling $396 million compared to $648 million in Q1 2024. The Consolidated Adjusted EBITDA for the quarter was reported at $1.346 billion, representing a 94% increase from the $693 million recorded in the same period last year. Venture Global also reported an increase in LNG volumes exported, with 63 cargos and a total of 233.6 TBtu exported, a rise of 58% and 62% respectively from the previous year's figures. Additionally, Venture Global highlighted significant progress in its business operations, including receiving approval from the U.S. Department of Energy to export LNG to non-FTA countries and securing a $3.0 billion bank loan for the CP2 Project. The company also received a positive final supplemental environmental impact statement from FERC, indicating major steps toward the final investment decision for the project.
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