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

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

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.