NEW YORK, January 13, 2026, 17:03 ET — After-hours trading
- After the bell, Venture Global shares climbed roughly 6.7%, despite the LNG exporter cutting its profit forecast for 2025 just a day earlier
- The company pointed to fluctuations in U.S. and global gas prices, along with limited vessel availability, as reasons for softer pricing and lower volumes
- Attention shifts to Thursday’s U.S. gas storage report, seen as a key indicator for upcoming winter demand
Venture Global shares climbed roughly 6.7% to $7.88 in after-hours trading Tuesday, recovering some ground after a steep drop earlier this week triggered by a lowered full-year profit forecast.
This shift is significant since Venture Global offloads a big portion of its liquefied natural gas on the spot market, where profits fluctuate based on the difference between U.S. benchmark gas and international LNG prices — plus the expenses of shipping cargoes across the Atlantic.
The outlook shifted sharply. On Tuesday, the U.S. Energy Information Administration slashed its first-quarter Henry Hub price forecast to $3.38 per million British thermal units, down from $4.35 last month. The benchmark dipped below $3 on Jan. 9, driven by mild-weather forecasts reducing heating demand. Looking ahead, the agency projects Henry Hub will average just under $3.50 in 2026 before climbing to nearly $4.60 in 2027, as LNG export demand outpaces supply growth. (U.S. Energy Information Administration)
On Monday, Venture Global cut its 2025 core profit outlook to a range of $6.18 billion to $6.24 billion, down from $6.35 billion to $6.50 billion. The revised forecast missed Wall Street’s estimates, according to Reuters. The company cited shifts in Henry Hub and international LNG prices, along with limited vessel availability in the Atlantic basin. Since its IPO just over a year ago, the stock has dropped more than 70%, also weighed down by arbitration linked to earlier commissioning delays. (Reuters)
Venture Global reported in an SEC filing that it shipped 128 LNG cargoes in Q4 2025, recording an implied weighted average fixed liquefaction fee of $5.15 per MMBtu—this fee covers the process of converting gas into LNG. The company noted that shipping constraints weighed on both volumes and pricing. To mitigate the impact, it brought some scheduled maintenance forward and relied on a mix of owned and chartered vessels. It also highlighted that forward pricing for shipping in February and March has improved compared to year-end levels. (SEC)
The filing highlighted the stark contrast between Venture Global’s facilities. Calcasieu Pass sent out 38 cargoes during the quarter, earning an implied fee of $2.01 per MMBtu. Plaquemines, by comparison, moved 90 cargoes at a much higher implied rate of $6.02 per MMBtu. (SEC)
Cheniere Energy CEO Jack Fusco said Tuesday the leading U.S. LNG exporter aims to process 10 billion cubic feet per day of natural gas by the end of 2026, highlighting the rapid expansion of Gulf Coast capacity.
Yet the bounce in Venture Global leaves slim room for mistakes. A weaker overseas market, renewed shipping constraints, or new issues from customer disagreements could squeeze spot-linked margins and keep the stock volatile.
Gas-linked stocks face their next immediate test Thursday, when the EIA publishes its weekly natural gas storage figures for January 15. (U.S. Energy Information Administration)
