Venture Global on Tuesday raised its full-year adjusted core profit forecast for the second straight quarter, as the U.S. LNG company expects higher liquefaction fees for its unsold cargoes and stronger sales volumes.
Supply disruptions linked to the Middle East conflict and growing European demand have boosted appetite for U.S. LNG, prompting buyers to seek long-term contracts. New export projects are also bringing more supply to the global market.
The company now assumes a fixed liquefaction fee in the range of US$12.50 to US$13.50 per million British thermal units (MMBtu) for its remaining unsold LNG cargoes in 2026, compared with US$9.50 to US$10.50 per MMBtu previously.
Liquefaction fees, a key source of earnings for U.S. LNG exporters, are largely secured through long-term contracts. But operators can adjust some pricing elements in response to global market conditions.
Venture Global expects to export between 149 and 154 cargoes this year from its Calcasieu facility, higher than its previous forecast range of 147 to 154 cargoes. Meanwhile, it has narrowed its Plaquemines outlook to 351-364 cargoes from 349-369.
The company exported 127 cargoes and sold 466.4 trillion British thermal units (TBtu) of LNG in the second quarter, compared with 89 cargoes and 329.2 TBtu a year earlier.
During the quarter, the company expanded supply agreements with Germany’s EnBW and Greece’s Atlanti-, strengthening Venture Global’s presence in Europe, a key market for U.S. LNG exports.
The Arlington, Virginia-based company expects 2026 adjusted core earnings between US$8.7 billion and US$9.1 billion, compared with its prior range of US$8.2 billion to US$8.5 billion.
The company reported quarterly adjusted core profit of US$2.49 billion, compared with analysts’ estimate of US$2.50 billion, according to data compiled by LSEG.
The company’s quarterly net income more than tripled to US$1.35 billion from US$368 million a year earlier, helped by higher LNG sales volumes from its Plaquemines plant in Louisiana.
