Venture Global posts record quarter, plans AI utility business

Venture Global reported record third quarter results on Tuesday, with revenue of $4.8 billion and net income of $2.5 billion, raised the midpoint of its 2026 earnings guidance, and announced frame agreements for up to 16 power island units to build an off-grid AI utility business for data centers.

Why it matters: An LNG exporter with frame agreements for up to 11.5 gigawatts of island-mode generation is a new, vertically integrated entrant in the race to power data centers, arriving with its own gas supply, land and construction arm.

Data as of Venture Global third quarter 2026 earnings release, furnished as exhibit 99.1 to its Form 8-K filed November 10, 2026 (SEC accession 0002007855-26-000091), read in full from the filing itself. All figures are the company's reported results and guidance as of November 10, 2026. Developing item.

Venture Global reported a record third quarter on Tuesday. Revenue was $4.8 billion, up 43 percent from a year earlier, net income was $2.5 billion, up 493 percent, and consolidated adjusted EBITDA was $2.6 billion, with Plaquemines Phase 1 entering commercial operations on October 31. The company raised the midpoint of its full year 2026 adjusted EBITDA guidance, now set at $10.0 billion to $10.3 billion, and declared a dividend of $0.04 a share.

Alongside the results, the company set out a new line of business: an off-grid AI utility offering island-mode power, land, closed-loop water and its own natural gas supply to data center customers. Frame agreements signed in October with GE Vernova and Baker Hughes cover up to 16 new 720 megawatt power island units, about 11.5 gigawatts in total, plus transformer and grid equipment.

Venture Global posts record quarter, plans AI utility business

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