Venture Global Inc reports results for the quarter ended March 31 - Earnings Summary

• Venture Global Inc VG.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended March 31. The mean expectation of eleven analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 16 cents to 40 cents per share.

• Revenue was $2.89 billion​; analysts expected $2.76 billion.

• Venture Global Inc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $396 million.

• Venture Global Inc shares had fallen by 3.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 31.4% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Venture Global Inc is $13.25

This summary was machine generated from LSEG data May 13 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)