Venture Global Inc. Class A common stock (VG)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Venture Global is a capital-intensive LNG infrastructure business. Its projects—Calcasieu, Plaquemines, and CP—can be valuable once built, and in fiscal Q2 2026, the quarter ended 2026-06-30, it reported $4.6B revenue and $1.4B net income, a 30.89% margin. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was also $4.6B with $625.0M net income. That sequential earnings jump is impressive. But the longer record is uneven: in fiscal year 2023, the year ended 2023-12-31, revenue was $7.9B and net income was $3.6B; in fiscal year 2024, the year ended 2024-12-31, revenue was $5.0B and net income was $1.7B; in fiscal year 2025, the year ended 2025-12-31, revenue was $13.8B but net income was $2.7B. The given Lynch category is SLOW GROWER—Shrinking, with profit down 13.1% a year over two years. FairStock's 59/100 score and Piotroski 6/9 suggest mixed quality. The balance sheet is my bigger worry: D/E 3.55 and Altman Z-Score 0.80 signal financial fragility, while trailing free cash flow is -$7.0B, a -19.1% FCF yield. A business that consumes cash at that rate needs confident financing. On valuation, at the 2026-10-13 close of $13.84, FairStock calculates P/E 10.48, P/B 4.03, PEG 0.53, EV/EBITDA 10.32, and a Graham Number of $10.09—about 37% below the price. ROE is high at 33.64%, but ROCE is only 7.38%, which tells me debt magnifies equity returns. The moat is not yet proven; LNG terminals have high barriers, but commodity exposure and leverage matter. I want a wider margin of safety and positive cash generation before calling this a bargain.

In plain English: Venture Global builds and runs liquefied natural gas plants and related shipping and regasification assets. The company is solidly profitable in its latest reported quarter, and revenue has grown, but it has been burning a lot of cash and carries heavy debt, while profit over the past two years has shrunk. At the recent $13.84 close, the price looks richer than what its profits and net assets alone would suggest.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer