Company Analysis

Venture Global, Inc. (VG)

NYSE: VG · Natural Gas Distribution · Arlington, VA · filing with the SEC since 2024
Grade5.8
◀ Past 3.0● Present 7.2▶ Future 6.1
2 est.

The grade of Venture Global, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past3.025% of the headline
● Present7.245% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.9/10

Has it survived what it has been through?

1 warning event since 2024; the latest 2026-06-02.

weight 45% of this tense · 29th percentile among 14 sector filers · read for itself

From the record

Venture Global, Inc.'s filings since 2024 show 1 warning event: a debt default or acceleration notice (8-K item 2.04, the latest 2026-06-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+32% a year over 3 filed years; profitable in 3 of 3.

weight 22% of this tense · 53rd percentile among 14 sector filers · read for its customers

From the record

Venture Global, Inc.'s 3 filed years say what it did: revenue went from $7.9 billion in fiscal 2023 to $14 billion in fiscal 2025, up 32% a year; it rose in 1 of 2 years; the deepest fall was 37% from fiscal 2023 to fiscal 2024; net income was positive in 3 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span32.0%top 25% of its family
  • the share of years revenue rosebottom 18% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak37.0%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.5/10

How has it treated the people who own it?

Share count grew 10.9% a year. 6% of cash flow returned. Insiders: 70 sales, 1 purchases.

weight 33% of this tense · 15th percentile among 12 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, Venture Global, Inc.'s diluted share count grew about 10.9% a year, and dividends and buybacks returned about 6% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 70 sales (45 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-10-20, buying about $16 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 4% of its family
  • cash returned against operating cash flowbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.2/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.3/10

Is it financially healthy right now?

ROE 41%: 41¢ of profit per shareholder dollar. Leverage 87%: owes 87¢ per asset dollar.

weight 45% of this tense · 53rd percentile among 13 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Venture Global, Inc. earned about 41 cents of profit for every dollar of shareholders' money. Leverage: it owed about 87 cents per dollar of assets, and net share issuance: its share count grew 1.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 12% of its family
  • return on equitytop 12% of its family
  • the share count against the year beforetop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.2/10

How strong is its position in its industry?

top 18% of 14 in its family; net margin 19.8%.

weight 33% of this tense · 82nd percentile among 14 sector filers · read for its customers

From the record

Venture Global, Inc.'s standing among 14 graded names in its industry family: revenue of $14 billion in fiscal 2025 ranks in the top 12% by size; a net margin of 19.8% ranks in the top 39%; revenue growth of 32% a year over the last 2 filed years ranks in the top 4% (its annual reports).

What it rests on

  • revenue against the family$13.77Btop 12% of its family
  • net margin19.8%top 39% of its family
  • three-year revenue growth32.0%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
9.6/10

What are the people in charge doing?

SI estimate 9.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 95th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 5% of 12 in its family; the record of its people begins on 2025-01-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.8 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2025-01-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.8 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 12 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Venture Global, Inc.'s leadership is put at 9.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 5% of 12 in its family; the record of its people begins on 2025-01-23 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.8 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 13 in its family for room to expand.

weight 22% of this tense · 35th percentile among 13 sector filers · read for itself

From the record

Venture Global, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $3.4 billion against debt of $34 billion leaves -57.6% of its assets as net cash, bottom 11% of its family; cash from operations less capital spending is -49.4% of revenue (bottom 19%); research spending of 2.5% of revenue (top 25%) (its annual report).

What it rests on

  • cash less debt against assets-57.6%bottom 11% of its family
  • cash from operations less capital spending against revenue-49.4%bottom 19% of its family
  • research spending against revenue2.5%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.9/10

What could actually drive growth from here?

top 21% of 14 in its family for growth drivers.

weight 45% of this tense · 79th percentile among 14 sector filers · read for its customers

From the record

Venture Global, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 32% a year over the last three filed years against 32% over all 3, speeding up (top 25% of its family); the newest year grew 177.1% (top 4%); research spending grew -16.2% a year (top 50%); capital spending grew 28.5% a year (top 4%) (its annual reports). Venture Global, Inc. reported 2 product lines in fiscal 2025: Liquefied Natural Gas at $14 billion (99%), Product and Service Other at $82 million (1%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 25% of its family
  • the newest year's revenue growth177.1%top 4% of its family
  • three-year growth of research spending-16.2%top 50% of its family
  • three-year growth of capital spending28.5%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.3/10

Did its newest year beat what its own record pointed to?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 13 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Venture Global, Inc.'s expectations vs reality is put at 5.3 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VG · research, not advice