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Venture Global

VG on NYSE. Venture Global sells liquefied natural gas to buyers in other countries. Market value $7.1bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Utilities stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-19.6%low

For every $100 of what the whole company costs, it produced $-19.64 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
11.7×fair

You pay 11.7 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: 66 of 100. Our list needs 70 on quality and 60 on price.

$13.51 a share, 136% above its 1-year low

Over the past year the price has ranged from $5.72 to $17.62.

Dividend: 1.3% a year

Paid in its latest year

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

-6.8
-7.0
202512 monthsto Jun '26
Revenue
$13.8bn
Operating margin
37.4%
Debt to equity
5.11
Shares outstanding
2.63bn

Health checks

  • Free cash flow positive0 of 1 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • Debt5.11× equity
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $4.6 billion last quarter, up 48% on a year ago.
  • Profit: $1.3 billion, up 266% on a year ago.
  • About the same number of shares as a year ago.
  • Debt is $38.9 billion more than cash, up from $28 billion a year ago.
Sales by quarter
Sales by quarter
Quarter toAmount
March 2025$2.9bn
June 2025$3.1bn
September 2025$3.3bn
December 2025$4.4bn
March 2026$4.6bn
June 2026$4.6bn
Profit by quarter
Profit by quarter
Quarter toAmount
March 2025$396m
June 2025$368m
September 2025$429m
December 2025$1.1bn
March 2026$488m
June 2026$1.3bn

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
2 March 2026
Next quarterly (estimated, 10-Q)
10 November 2026

Who owns it

2 long-term investors we follow own it, down from 4 last quarter. 374 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

  • Michael Sabel
    Passive investor
    at least 81.4%
    (filed with 2 related holders)
    Since 31 March 2025
  • Pacific Investment Management Company LLC
    Passive investor
    32.4%−16.5 pts
    Since 30 June 2026
  • David E. Shaw
    Passive investor
    at least 5.4%
    (filed with 1 related holder)
    Since 8 September 2026
  • Keith Larson
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Jonathan W. Thayer
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Thomas Earl
    Passive investor
    Sold down below 5%
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $15,987 of shares on the open market. 8 sold $399m, $267m of it under preset trading plans.

  • Thayer Jonathan W
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    18 September 2026
    Shares
    111,111
    Price
    $14.23
    Value
    $2m
  • Thayer Jonathan W
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    17 September 2026
    Shares
    111,111
    Price
    $14.40
    Value
    $2m
  • Larson Keith D
    General Counsel and Secretary
    Sold
    under a preset trading plan
    Date
    17 September 2026
    Shares
    394,979
    Price
    $14.40
    Value
    $6m
  • Larson Keith D
    General Counsel and Secretary
    Sold
    under a preset trading plan
    Date
    16 September 2026
    Shares
    394,979
    Price
    $14.82
    Value
    $6m
  • Cothran Brian
    Chief Operating Officer
    Sold
    under a preset trading plan
    Date
    14 September 2026
    Shares
    152,660
    Price
    $16.15
    Value
    $2m
  • Larson Keith D
    General Counsel and Secretary
    Sold
    under a preset trading plan
    Date
    9 September 2026
    Shares
    1,885,804
    Price
    $15.21
    Value
    $29m
  • Larson Keith D
    General Counsel and Secretary
    Sold
    under a preset trading plan
    Date
    8 September 2026
    Shares
    464,196
    Price
    $15.05
    Value
    $7m
  • Musser Fory
    Senior VP, Development
    Sold
    Date
    20 August 2026
    Shares
    259,413
    Price
    $14.26
    Value
    $4m
  • Musser Fory
    Senior VP, Development
    Sold
    Date
    19 August 2026
    Shares
    12,600
    Price
    $14.01
    Value
    $176,517
  • Thayer Jonathan W
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    19 August 2026
    Shares
    111,111
    Price
    $13.86
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It carries a lot of debt: 5.1× its equity.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.