Karishma Vanjani

Shares of liquefied natural-gas exporter Venture Global fell sharply earlier Tuesday morning. The drop came after earnings missed Wall Street's estimates and the company slashed its profit outlook.

Shares, which initially fell as much as 12%, were down 4% at $9.50 in premarket trading.

Venture Global, which went public in January, posted 15 cents in earnings per share for the first quarter, below the 26 cents call among Wall Street analysts tracked by FactSet. First-quarter revenue of $2.9 billion was better than the $2.65 billion analysts expected.

The company's decision to trim its guidance for adjusted Ebitda -- or earnings before interest, taxes, depreciation, and amortization -- for the year also weighed on shares. Venture now expects adjusted Ebitda of $6.4 billion to $6.8 billion. In March, Venture expected $6.8 billion to $7.4 billion.

Venture reported earnings that were below Wall Street's expectations for the fourth quarter as well.

Write to Karishma Vanjani at karishma.vanjani@dowjones.com.

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May 13, 2025 09:19 ET (13:19 GMT)

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