Venture Global gains as Q2 revenue beats expectations

Shares of LNG producer Venture Global VG.N up ~8% at $13.02 premarket

Company beats Q2 revenue estimates, as the easing of new export permits for liquefied natural gas in the U.S. helped improve sales

VG posts Q2 revenue of $3.1 billion vs estimates of $2.89 billion, according to data compiled by LSEG

Expects to export 227 to 240 cargos of LNG from the Plaquemines project this year, compared with a prior forecast of 222 to 239 cargoes

Q2 Operating expenses rose to $2.06 billion from $745 million a year earlier

Stock has lost nearly 50% since its debut on January 24