Shares of Venture Global, Inc. (VG) rallied 22% on Monday morning after the company reported a sharp increase in fourth-quarter profit and revenues and also announced a new LNG supply agreement.
The stock is currently trading at $11.86, up $2.17 or 22.40%. It opened at $11.20 after closing the previous session at $9.69. The stock has traded between $5.72 and $19.50 over the past 52 weeks.
Venture Global reported fourth-quarter profit of $1.067 billion or $0.41 per share, compared with $871 million or $0.33 per share last year. Revenue surged 191.7% to $4.445 billion, up from $1.524 billion a year earlier.
Separately, Venture Global announced a new five-year agreement with Trafigura Group for the purchase of approximately 0.5 MTPA of U.S. LNG beginning in 2026. The mid-term contract is aimed at diversifying Venture Global's LNG portfolio and providing flexible supply to global markets.
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