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BUZZ-Venture Global rises on FY core profit forecast above estimates

Reuters
May 13, 2025
BUZZ-Venture Global rises on FY core profit forecast above estimates

** Shares of LNG producer Venture Global VG.N up ~3% to $10.20 premarket

** Company forecasts FY 2025 core profit above estimates, helped by higher LNG demand and shipments from its projects

** VG expects to export 145 to 150 cargos from the Calcasieu project and 222 to 239 cargos from the Plaquemines project this year

** However, VG expects current-year adjusted core profit of between $6.4 billion and $6.8 billion, the midpoint of which is above Wall Street expectations of $6.54 billion, according to data compiled by LSEG

** Q1 revenue more than doubles to $2.9 billion

** As of last close, VG has lost 58.7% since it went public on January 24

(Reporting by Katha Kalia in Bengaluru)

((Katha.Kalia@thomsonreuters.com))

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