Venture Global, Inc. (VG) shares tumbled 5.65% in pre-market trading on Tuesday following the release of its first-quarter earnings report, which fell short of analyst expectations. The liquefied natural gas (LNG) company reported earnings per share (EPS) of $0.15, significantly missing the FactSet consensus estimate of $0.26 and marking a 40% decrease from the same period last year.

Despite the earnings miss, Venture Global's revenue showed strong growth. The company reported quarterly sales of $2.89 billion, surpassing analyst expectations of $2.76 billion and representing a substantial 104.67% increase from the $1.41 billion reported in the same quarter last year. The company's facilities exported a total of 234 TBtu (trillion British thermal units) of liquefied natural gas in Q1.

Looking ahead, Venture Global provided an optimistic outlook for 2025, projecting consolidated adjusted EBITDA between $6.4 billion and $6.8 billion. The company also expects to export 145-150 cargos from its Calcasieu project and 222-239 cargos from its Plaquemines project in 2025. However, investors seem to be focusing on the earnings miss, leading to the significant pre-market decline in the stock price.