# VENTURE GLOBAL, INC. (VG) FY2025 Q1 P&L / Income Statement

- Company: VENTURE GLOBAL, INC. (VG)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-13, accession number 0002007855-25-000018
- Page: https://plicit.ai/financials/vg/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/vg-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **REVENUE**: 2,894,000,000 US dollars
- **Cost of revenue (calculated)**: 1,059,000,000 US dollars
- **Gross profit (calculated)**: 1,835,000,000 US dollars
- **Operating expenses (calculated)**: 755,000,000 US dollars
- **INCOME FROM OPERATIONS**: 1,080,000,000 US dollars
- **Total other income (expense)**: negative 412,000,000 US dollars
- **INCOME BEFORE INCOME TAX EXPENSE**: 668,000,000 US dollars
- **Income tax expense**: 151,000,000 US dollars
- **NET INCOME**: 517,000,000 US dollars
- **Natural Gas Liquids (NGL)**: 2,880,000,000 US dollars
- **Other**: 14,000,000 US dollars
- **Cost of sales (exclusive of depreciation and amortization shown separately below)**: 1,059,000,000 US dollars
- **Operating and maintenance expense**: 252,000,000 US dollars
- **Development expense**: 182,000,000 US dollars
- **Depreciation and amortization**: 216,000,000 US dollars
- **General and administrative expense**: 105,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/vg/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/vg-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **REVENUE**: 2,894,000,000 US dollars
- **Cost of revenue (calculated)**: 1,059,000,000 US dollars
- **Gross profit (calculated)**: 1,835,000,000 US dollars
- **Operating expenses (calculated)**: 755,000,000 US dollars
- **INCOME FROM OPERATIONS**: 1,080,000,000 US dollars
- **Total other income (expense)**: negative 412,000,000 US dollars
- **INCOME BEFORE INCOME TAX EXPENSE**: 668,000,000 US dollars
- **Income tax expense**: 151,000,000 US dollars
- **NET INCOME**: 517,000,000 US dollars
- **Calcasieu Project**: 1,638,000,000 US dollars
- **Plaquemines Project**: 1,186,000,000 US dollars
- **CP2 Project**: 1,000,000 US dollars
- **Direct Sales And Shipping Segment**: 481,000,000 US dollars
- **Cost of sales (exclusive of depreciation and amortization shown separately below)**: 1,059,000,000 US dollars
- **Operating and maintenance expense**: 252,000,000 US dollars
- **Development expense**: 182,000,000 US dollars
- **Depreciation and amortization**: 216,000,000 US dollars
- **General and administrative expense**: 105,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 3,306,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate, other and eliminations**: negative 412,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Calcasieu Project costs**: 736,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Plaquemines Project costs**: 771,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **CP2 Project costs**: 164,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Direct Sales And Shipping Segment costs**: 449,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 306,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.