01—Abstract
Summary
Summary of the 8-K filed April 9, 2026. Cited figures are marked; the original filing is the authoritative source.
Venture Global, Inc. filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) on April 9, 2026, disclosing preliminary operating volumes for the quarter ended March 31, 2026.
For the quarter, the company sold and recognized in revenue 480.8 TBtu of LNG at an implied weighted average fixed liquefaction fee of $3.82a per MMBtu, and exported 130 cargos from its LNG facilities. Calcasieu Pass accounted for 141.2 TBtu and 38 cargos, while Plaquemines accounted for 339.6 TBtu and 92 cargos. The filing also notes that two DES cargos (8.3 TBtu) exported from Plaquemines during the quarter will be recognized as revenue in the following quarter, reflecting the timing of delivered-basis shipments.
The company states that net income, cash flow and other financial results will be announced with its first-quarter earnings report, and that these volume and fee metrics should not be treated as standalone indicators of quarterly financial performance. The filing includes standard cautionary language on forward-looking statements and states that the information furnished under Item 2.02 is not deemed filed for purposes of Section 18 of the Exchange Act. No net income, cash flow or Consolidated Adjusted EBITDA figures are reported in this filing.
02—Key points
Key Highlights
- Total LNG sold and recognized in revenue for Q1 2026 (quarter ended March 31, 2026) was 480.8 TBtu.
- Implied weighted average fixed liquefaction fee was $3.82 per MMBtu for the quarter.
- Venture Global exported 130 cargos in the quarter: 38 from Calcasieu Pass and 92 from Plaquemines.
- Plaquemines recognized 339.6 TBtu of LNG in revenue, versus 141.2 TBtu from Calcasieu Pass.
- Two DES cargos totaling 8.3 TBtu from Plaquemines were exported in the quarter but will be recognized as revenue in the following quarter.
- Net income, cash flow and other full financial results are to be disclosed with first-quarter earnings, not in this filing.
03—Questions
Frequently Asked Questions
What did Venture Global report in this 8-K?
The company disclosed operating metrics for the quarter ended March 31, 2026: 480.8 TBtu of LNG sold and recognized in revenue, an implied weighted average fixed liquefaction fee of $3.82 per MMBtu, and 130 cargos exported across its facilities.
Why are two cargos excluded from Q1 2026 revenue?
The filing states that two DES cargos (8.3 TBtu) exported from Plaquemines in the quarter will be recognized in the following quarter. Revenue on delivered-basis cargos is recognized upon delivery at the destination, and transit time can shift recognition to a later period.
Does this filing include Q1 2026 net income or cash flow?
No. The filing states that net income, cash flow and other results will be announced along with the company's first-quarter earnings report.
How should investors interpret these volume and fee figures?
The company states that the LNG volumes and implied liquefaction fee represent only a few measures of operating performance and should not be relied on as sole indicators of quarterly financial results.
What forward-looking guidance does the filing contain?
The filing includes a statement that it does not provide a reconciliation of forward-looking Consolidated Adjusted EBITDA to net income, and that any guidance in the report is effective only as of the filing date and will not be updated unless the company publicly announces updated guidance.
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