New York, January 9, 2026, 10:16 EST — Regular session
Venture Global shares fell 3.1% to $7.29 in morning trading on Friday, giving back some of Thursday’s 10.3% rally. The stock closed at $7.52 on Thursday after touching $7.59, with volume jumping to about 15.2 million shares.
The swing matters because traders have been treating U.S. LNG names as weather-and-flow trades. LNG is liquefied natural gas — super-cooled fuel shipped by tanker — and small changes in winter forecasts can move prices fast.
A Reuters commodities report on Thursday said U.S. LNG exports were on track to hit a monthly record high in January as gas “feedgas” flows into the eight biggest export plants averaged 18.5 billion cubic feet per day so far this month. Still, U.S. natural gas futures slipped about 3% after forecasts showed mostly mild weather through Jan. 23, even as models hinted at a colder stretch later in January.
The export story has been building. The United States shipped 111 million metric tons of LNG in 2025, LSEG data showed in a separate Reuters report, and Venture Global’s Plaquemines facility delivered 16.4 million metric tons after sending its first cargo in December 2024. Alex Munton, director of global gas and LNG at Rapidan Energy Group, said the growth reflected “high utilization” and a “rapid ramp up” at new plants.
Venture Global went public in January 2025 at $25 a share, raising $1.75 billion, but the stock now trades roughly 70% below that IPO price. Investors have kept a close eye on how quickly new capacity moves from start-up into steadier operations, when contracted sales typically replace more volatile spot trading.
Longer term, analysts are also wrestling with what a wave of new supply does to LNG prices once winter demand fades. Bernstein expects spot LNG prices to average about $9 per million British thermal units in 2026, down from around $12 in 2025, as new projects ramp up, analysts wrote.
But Venture Global’s stock still carries a legal overhang from customer disputes tied to delays at its Calcasieu Pass project. BP won an arbitration case last October and a separate hearing is expected in 2026 to determine damages; BP has sought more than $1 billion. Gabriel Moreen, a managing director at Mizuho Securities, called the ruling a “negative surprise” at the time.
For now, traders are likely to stay glued to daily LNG export flows and late-January weather updates, which have been driving the natural gas tape. The next clear company catalyst is Venture Global’s next earnings report, due March 5, according to Investing.com.
