Filing Flows › Venture Global (VG) › Q2 2026
Venture Global (VG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Venture Global (VG) reported revenue of $4.6B for the second quarter 2026 (Q2 2026), +48% from a year earlier and -0.5% from the quarter before. Operating margin was 47.8%, net earnings $1.3B (29.4% of revenue).
Venture Global, Q2 2026: revenue $4.6B (+48% year over year), operating margin 47.8%, net earnings $1.3B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | -0.5% | +48% |
| Operating profit | $2.2B | +90% | +111% |
| Net earnings | $1.3B | +176% | +266% |
| Operating cash flow | $2.1B | +172% | +42% |
What changed
Revenue was $4.6B in Q2 2026, up 48% year over year and roughly flat from the previous quarter. LNG revenue was the largest line at 100% of revenue. LNG revenue added $1.5B year over year (up 48%), 100% of the total change.
Operating profit was $2.2B, a 47.8% margin (up 14.3 points year over year). Of the extra revenue versus Q2 2025, 78% reached operating profit, above the 33% margin then. Total costs grew 16% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $1.3B, up 266% year over year. The effective tax rate was 19.2%.
Operating cash flow was $2.1B (up 42% year over year), 146% of net income including minority interests. Non-cash charges added back $0.26B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.38B. Capital expenditures of $3.7B exceeded it, leaving free cash flow of −$1.6B.
Questions
What was Venture Global's revenue in the second quarter 2026?
Venture Global (VG) reported revenue of $4.6B for the second quarter 2026 (Q2 2026), +48% from a year earlier and -0.5% from the quarter before.
Was Venture Global profitable in the second quarter 2026?
Operating profit was $2.2B (47.8% of revenue) and net earnings $1.3B.
Source: Venture Global 10-Q on SEC EDGAR.