01—Abstract
Summary
Summary of the 8-K filed July 7, 2025. Cited figures are marked; the original filing is the authoritative source.
On July 7, 2025, Venture Global, Inc. announced preliminary operating metrics for the quarter ended June 30, 2025 under Item 2.02 of Form 8-K.
At its Calcasieu Pass facility, the company exported 38 cargos totaling approximately 140.2 TBtu, realizing a weighted average fixed liquefaction fee of approximately $2.66a/MMBtu. At its Plaquemines LNG facility, it exported 51 cargos totaling approximately 190.5 TBtu, realizing a weighted average fixed liquefaction fee of $7.09/MMBtu. The filing states that these volume and fee figures are only a few measures of operating performance and should not be relied on as sole indicators of quarterly financial results.
Net income, cash flow and other results will be announced with the company's second quarter earnings report. The filing also notes that two DES (Delivered Ex-Ship) cargos exported from Plaquemines during the quarter will be recognized as revenue in the following quarter, due to vessel transit time to their destinations.
The filing is furnished rather than filed, so it is not subject to Section 18 liabilities. It includes standard forward-looking statement cautions and refers readers to the company's most recent Form 10-K for risk factors.
02—Key points
Key Highlights
- Calcasieu Pass exported 38 cargos totaling approximately 140.2 TBtu in Q2 2025, at a weighted average fixed liquefaction fee of approximately $2.66/MMBtu.
- Plaquemines LNG exported 51 cargos totaling approximately 190.5 TBtu in Q2 2025, at a weighted average fixed liquefaction fee of $7.09/MMBtu.
- Two DES cargos exported from Plaquemines during the quarter will be recognized as revenue in the following quarter due to vessel transit timing.
- Net income, cash flow and other full financial results are deferred to the second quarter earnings announcement.
- Revenue from LNG sales is recognized at the point of delivery to the customer, with FOB cargos recognized when the vessel loads and unmoors.
- The metrics are disclosed under Item 2.02 and are furnished, not filed, under Section 18 of the Exchange Act.
03—Questions
Frequently Asked Questions
What did Venture Global report for its Plaquemines LNG facility in the second quarter of 2025?
Plaquemines exported 51 cargos totaling approximately 190.5 TBtu and realized a weighted average fixed liquefaction fee of $7.09/MMBtu for the quarter ended June 30, 2025.
What did Calcasieu Pass contribute in the quarter?
Calcasieu Pass exported 38 cargos totaling approximately 140.2 TBtu and realized a weighted average fixed liquefaction fee of approximately $2.66/MMBtu for the quarter ended June 30, 2025.
Does this filing include net income or cash flow results?
No. The filing states that net income, cash flow and other results will be announced with the company's second quarter earnings report.
Why will some Plaquemines revenue be recognized in a later period?
The company exported two DES cargos from Plaquemines during the quarter. Revenue on DES terms is recognized upon delivery at the vessel destination, and the filing says these cargos will be recognized in the following quarter because of vessel travel time.
Should investors rely on these volume and fee metrics alone?
No. The filing states that these metrics represent only a few measures of operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
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