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How Venture Global (VG) makes money

Venture Global (VG) made $4.6B of revenue in the second quarter 2026 (Q2 2026), +48% from a year earlier. LNG revenue brought in $4.6B (100%); Other revenue brought in $22.0M (0%). Of every dollar of revenue, 48¢ was left as operating profit, 29¢ was left as net earnings.

Drawing the Sankey…

Venture Global revenue by segment, Q2 2026Venture Global revenue by segment, Q2 2026LNG revenue$4.6BOther revenue$22.0M
Venture Global: revenue by line, Q4 2025 to Q2 2026Venture Global: revenue by line, Q4 2025 to Q2 2026LNG revenueOther revenueLNG revenue: $4.6B latest$4.6BOther revenue: $22.0M latestQ4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2025 and Q2 2026.
Venture Global revenue by quarterVenture Global revenue by quarter$1.5BQ4 2024$2.9BQ1 2025$3.1BQ2 2025$3.3BQ3 2025$4.4BQ4 2025$4.6BQ1 2026$4.6BQ2 2026
Venture Global: where each dollar of revenue goesVenture Global: where each dollar of revenue goesOperating profit48¢Income tax7¢Net earnings29¢Operating cash flow45¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
LNG revenue$4.6B99.5%-0.4%+48%
Other revenue$22.0M0.5%-8%+5%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$4.6B100.0%
Operating profit$2.2B47.8%
Income tax$336M7.3%
Net earnings$1.3B29.4%
Operating cash flow$2.1B45.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$4.6B+48%
Q1 2026$4.6B+59%
Q4 2025$4.4B+192%
Q3 2025$3.3B+260%
Q2 2025$3.1B+180%
Q1 2025$2.9B+105%
Q4 2024$1.5B—

From Venture Global's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Venture Global make money?

Venture Global (VG) made $4.6B of revenue in the second quarter 2026 (Q2 2026), +48% from a year earlier. LNG revenue brought in $4.6B (100%); Other revenue brought in $22.0M (0%). Of every dollar of revenue, 48¢ was left as operating profit, 29¢ was left as net earnings.

What is Venture Global's biggest business?

LNG revenue: $4.6B in the second quarter 2026, 100% of revenue, +48% from a year earlier.

What is Venture Global's profit margin?

Net earnings were $1.3B, 29.4% of revenue, in the second quarter 2026; the operating margin was 47.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.