Venture Global (VG) Stock Drops After Higher Costs Hurt Q2 Revenue
TLDR
- Venture Global stock dropped 7.1% in premarket to $13.25 after Q2 results
- EPS beat at 51 cents vs. 48 cents expected, but revenue missed at $4.58B vs. $4.69B expected
- Operating and maintenance costs rose 54%, interest expense jumped 58%
- Calcasieu Pass operating income fell 63% due to lower U.S. natural gas prices
- Company raised full-year 2026 adjusted core profit forecast to $8.7B-$9.1B
Venture Global posted a mixed Q2 report on Tuesday, beating on earnings per share but falling short on revenue. The stock dropped 7.1% in premarket trading to $13.25.
Adjusted EPS came in at 51 cents, up from 14 cents a year ago and above Wall Street’s estimate of 48 cents. Revenue grew 48% year-over-year to $4.58 billion, but missed analyst expectations of around $4.66-$4.69 billion.
Despite the revenue miss, the stock had entered Tuesday’s session up 109% for the year, well ahead of the S&P 500.
The earnings miss on revenue was largely tied to cost pressure across the business. Operating and maintenance costs surged 54% in the quarter.
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