VENTURE GLOBAL, INC. (VG) FY2026 Q2 P&L / Income Statement

Revenue by Business Segment

2026-04-01 to 2026-06-30

Swipe to see the full flow
VENTURE GLOBAL, INC. (VG) FY2026 Q2 P&L / Income StatementIncome statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEGROSSOPERATINGPRE-TAXNETPlaquemines ProjectSales and shippingCalcasieu ProjectREVENUERevenue before reconciliation (calculated)Corporate, other and eliminationsGross profit (calculated)Cost of revenue (calculated)Cost of sales (exclusive of depreciation and amortization shown separately below)INCOME FROM OPERATIONSOperating expenses (calculated)Operating and maintenance expenseDepreciation and amortizationGeneral and administrative expenseDevelopment expenseINCOME BEFORE INCOME TAX EXPENSETotal other expenseNET INCOMEIncome tax expenseRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$6.33 BGross profit (calculated)Gross profit(calculated)$2.92 BINCOME FROM OPERATIONSINCOME FROMOPERATIONS$2.19 BINCOME BEFORE INCOME TAX EXPENSEINCOME BEFOREINCOME TAX EXPENSE$1.75 BREVENUEREVENUE$4.58 BNET INCOMENET INCOME$1.42 BPlaquemines ProjectPlaquemines Project$3.77 BOperating expenses (calculated)Operating expenses(calculated)$730.00 MIncome tax expenseIncome tax expense$336.00 MCost of revenue (calculated)Cost of revenue(calculated)$1.66 BOperating and maintenance expenseOperating andmaintenance expense$335.00 MTotal other expenseTotal other expense−$435.00 MSales and shippingSales and shipping$1.84 BDepreciation and amortizationDepreciation and amortization$260.00 MCost of sales (exclusive of depreciation and amortization shown separately below)Cost of sales$1.66 BCalcasieu ProjectCalcasieu Project$717.00 MGeneral and administrative expenseGeneral andadministrative expense$112.00 MCorporate, other and eliminationsCorporate, otherand eliminations−$1.75 BDevelopment expenseDevelopment expense$23.00 M
Chart details

VENTURE GLOBAL, INC. (VG) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

REVENUE
4,578,000,000 US dollars
Cost of revenue (calculated)
1,660,000,000 US dollars
Gross profit (calculated)
2,918,000,000 US dollars
Operating expenses (calculated)
730,000,000 US dollars
INCOME FROM OPERATIONS
2,188,000,000 US dollars
Total other expense
negative 435,000,000 US dollars
INCOME BEFORE INCOME TAX EXPENSE
1,753,000,000 US dollars
Income tax expense
336,000,000 US dollars
NET INCOME
1,417,000,000 US dollars
Calcasieu Project
717,000,000 US dollars
Plaquemines Project
3,766,000,000 US dollars
CP2 Project
0 US dollars
Sales and shipping
1,843,000,000 US dollars
Cost of sales (exclusive of depreciation and amortization shown separately below)
1,660,000,000 US dollars
Operating and maintenance expense
335,000,000 US dollars
General and administrative expense
112,000,000 US dollars
Development expense
23,000,000 US dollars
Depreciation and amortization
260,000,000 US dollars
Revenue before reconciliation (calculated)
6,326,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Corporate, other and eliminations
negative 1,748,000,000 US dollars. Reported reconciliation to consolidated revenue.
Calcasieu Project costs
650,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
Plaquemines Project costs
1,554,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
CP2 Project costs
55,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
Sales and shipping costs
1,632,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
Reconciling items (calculated)
negative 1,501,000,000 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.
VENTURE GLOBAL, INC. (VG) FY2026 Q2 Revenue by Business Segment Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

63.7%

Gross profit / revenue

Operating margin

47.8%

Operating profit / revenue

Cash conversion

146.2%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!