Venture Global (VG) Q3 FY2026 earnings: revenue $4.8 billion, up 42.9% on the year
Venture Global, Inc. (VG) reported revenue of $4.8 billion for Q3 FY2026, the quarter ended 30 September 2026, up 42.9% on the same quarter a year earlier. Net income was $2.5 billion, up 493.5% on the year, and diluted earnings per share $0.96. The figures are the company's own, from the 10-Q it filed with the SEC on 10 November 2026.
Revenue
$4.8 billion
+42.9% on the year · +3.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
48.3%
39.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$2.5 billion
+493.5% on the year · +89.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.96
+500.0% on the year · +88.2% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 2 raised, 1 new, 1 kept.
Plaquemines volumes lifted earnings: Third-quarter net income attributable to common stockholders rose about $2.1 billion and Consolidated Adjusted EBITDA about $1.1 billion versus the prior-year quarter. Drivers were higher volumes from Plaquemines commissioning and higher prices net of feed gas.
Full-year EBITDA guidance raised: Full-year 2026 Consolidated Adjusted EBITDA guidance is $10.0 billion to $10.3 billion, up from $8.7 billion to $9.1 billion previously.
Plaquemines Phase 1 began operating: Phase 1 of Plaquemines reached commercial operations on October 31, 2026, with six cargos loaded for SPA customers as of the release date.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,908
2,072
1,883
-7.9%
+1.3%
Capital expenditure
3,842
3,719
3,294
+3.3%
+16.6%
Free cash flow
-1,934
-1,647
-1,411
Free cash flow margin
-40.7%
-36.0%
-42.4%
Cash from investing
-3,817
-3,677
-3,173
Cash from financing
2,446
3,144
1,910
-22.2%
+28.1%
Depreciation and amortisation
268
260
218
+3.1%
+22.9%
Share-based compensation
10.0
15.0
11.0
-33.3%
-9.1%
Dividends paid
101
n/a
42.0
+140.5%
Dividend per share
$0.04
$0.02
$0.02
+122.2%
+100.0%
Diluted shares, weighted
2,646m
2,643m
2,641m
+0.1%
+0.2%
Shares outstanding at period end
2,518m
2,500m
2,448m
+0.7%
+2.8%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
11,064
8,572
5,692
+29.1%
+94.4%
Non-controlling interest
3,429
3,507
3,479
-2.2%
-1.4%
Redeemable equity
0.0
0.0
1,650
Debt
44,612
41,814
32,599
+6.7%
+36.9%
Operating lease liabilities
988
690
708
+43.2%
+39.5%
Finance lease liabilities
244
246
250
-0.8%
-2.4%
Other liabilities
7,771
6,686
5,701
+16.2%
+36.3%
Total liabilities and equity
68,108
61,515
50,079
+10.7%
+36.0%
Cash and equivalents
3,420
3,120
1,879
+9.6%
+82.0%
Receivables
1,054
844
633
+24.9%
+66.5%
Inventory
304
290
227
+4.8%
+33.9%
Other assets
63,330
57,261
47,340
+10.6%
+33.8%
Total assets
68,108
61,515
50,079
+10.7%
+36.0%
Questions
What was Venture Global's revenue in Q3 FY2026?
Venture Global (VG) reported revenue of $4.8 billion for Q3 FY2026, the quarter ended 30 September 2026, up 42.9% on the same quarter a year earlier.
How much did Venture Global earn in Q3 FY2026?
Net income for Q3 FY2026 was $2.5 billion, up 493.5% on the year, and diluted earnings per share $0.96.
When did Venture Global report Q3 FY2026 results?
Venture Global filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 10 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 10 November 2026: the filing.