01—Abstract
Summary
Summary of the 8-K filed October 7, 2026. Cited figures are marked; the original filing is the authoritative source.
Venture Global, Inc. filed this Form 8-K under Item 2.02 (Results of Operations and Financial Condition) on October 7, 2026 to disclose preliminary operating metrics for the quarter ended September 30, 2026.
For the quarter, the company sold and recognized in revenue 465.8 TBtu of LNG at an implied weighted average fixed liquefaction fee of $6.79a per MMBtu, and exported 124 cargos from its LNG facilities. By facility, Calcasieu Pass recognized 137.7 TBtu of LNG from 37 cargos, and Plaquemines recognized 328.1 TBtu from 87 cargos. The filing also states that five delivered-ex-ship (DES) cargos, totaling 20.4 TBtu, were exported during the quarter but will be recognized as revenue in the following quarter, reflecting the timing of revenue recognition for delivered cargos.
The company notes that these volume and fee measures are only a few indicators of operating performance and should not be relied on as sole indicators of quarterly financial results. The implied fee excludes the impact of gas supply basis.
Net income, cash flow and other full quarterly results were not part of this filing and will be announced with the company's third-quarter earnings report. The filing states that this information is furnished, not filed, under Section 18 of the Exchange Act.
02—Key points
Key Highlights
- Sold and recognized 465.8 TBtu of LNG in revenue for the quarter ended September 30, 2026
- Implied weighted average fixed liquefaction fee of $6.79 per MMBtu, excluding the impact of gas supply basis
- Exported 124 cargos in total: 37 from Calcasieu Pass and 87 from Plaquemines
- Calcasieu Pass recognized 137.7 TBtu of LNG; Plaquemines recognized 328.1 TBtu
- Five DES cargos (20.4 TBtu) exported in the quarter will be recognized as revenue in the following quarter
- Net income, cash flow and full quarterly results are deferred to the third-quarter earnings announcement
- Company does not provide a GAAP reconciliation for forward-looking Consolidated Adjusted EBITDA
03—Questions
Frequently Asked Questions
What volume of LNG did Venture Global recognize in revenue in the third quarter of 2026?
Venture Global sold and recognized in revenue 465.8 TBtu of LNG for the quarter ended September 30, 2026, across 124 exported cargos.
What was the implied weighted average fixed liquefaction fee?
The implied weighted average fixed liquefaction fee was $6.79 per MMBtu. The filing states this figure does not include the impact of gas supply basis.
Why are some exported cargos not yet reflected in quarterly revenue?
Revenue for cargos sold on a delivered basis (DES, DPU or other delivered terms) is recognized upon delivery at the destination. The filing states that five DES cargos totaling 20.4 TBtu exported in the quarter will be recognized in the following quarter.
Does this filing include net income or cash flow results for the quarter?
No. The filing states that net income, cash flow and other results will be announced with the company's third-quarter earnings report.
Should investors rely solely on these volume and fee metrics?
No. The filing states these measures are only a few indicators of operating performance and should not be relied on as sole indicators of quarterly financial results, which depend on a variety of factors.
04—Continue