Venture Global gains as core profit nearly triples on higher LNG sales volumes

Shares of U.S.-based LNG company Venture Global VG.N up 17% to $11.35

Co says adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana

Also signs an agreement to supply commodity trader Trafigura with about 0.5 million metric tons per annum (mtpa) of LNG for five years starting in 2026, bringing total new contracted quantities from 2025 to the present to nearly 9.75 mtpa

However, forecast 2026 adjusted core profit below Wall Street expectations, due to impacts from Winter Storm Fern and margin compression in the first quarter

Expects adjusted core earnings to be between $5.20 billion and $5.80 billion, vs estimate of $6.03 billion - data compiled by LSEG