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Venture Global Rallies on Strong Earnings and Legal Victory
Venture Global Rallies on Strong Earnings and Legal Victory
23
2
BTCCSquare news:
Shares of Venture Global surged 9.8% as the LNG exporter reported robust Q2 earnings, with revenue hitting $3.1 billion—a 180% year-over-year jump—and adjusted EBITDA reaching $1.39 billion, exceeding analyst forecasts. The company's Plaquemines terminal is ramping up faster than anticipated, with annual cargo projections at the high end of its 367-389 range.
A key catalyst was the resolution of a high-stakes arbitration case with Shell, which had challenged Venture Global's decision to sell LNG cargoes on the spot market during post-Ukraine invasion price spikes. The favorable ruling removes a lingering uncertainty for investors.
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