Venture Global falls on lower annual core profit forecast, Q1 profit miss

Shares of LNG producer Venture Global VG.N fall 5.7% to $9.35 premarket

*Company lowers FY 2025 core profit forecast and reports a Q1 core profit that missed analysts' expectations

VG cuts current-year core profit forecast to be between $6.4 billion and $6.8 billion, compared with prior view of between $6.8 billion and $7.4 billion

Company says changes in domestic and international natural gas prices could also impact its adjusted core profit forecast

Company reports Q1 adjusted core profit of $1.35 billion vs estimate of $1.38 billion - data compiled by LSEG

VG expects to export 145 to 150 cargos from the Calcasieu project and 222 to 239 cargos from the Plaquemines project this year

As of last close, VG is down 58.7% since it went public on January 24