Venture Swings To Profit In Q4

(RTTNews) - Venture Global, Inc. (VG), operator and producer of liquefied natural gas pipelines, Thursday announced profit for the fourth quarter compared with loss last year.

In the fourth quarter, the company reported profit of $871 million compared to loss of $50 million last year.

On a per share basis, earnings were $0.33 versus loss of $0.02 in the previous year.

Analysts, on average, had expected the company to earn $0.30 per share. Analysts' estimates typically exclude special items.

Revenue dropped to $1.52 billion from $1.63 billion in the previous year quarter.

For fiscal year 2025, the company expects Consolidated Adjusted EBITDA to be between $6.8 billion and $7.4 billion.

The company also plans to export 140 to 148 cargos from the Calcasieu Project and 219 to 239 cargos from the Plaquemines Project in fiscal 2025.

In the pre-market trading, Venture is 1.19% lesser at $14.06 on the New York Stock Exchange.