Venture Global (VG) Cost of Revenue (2024 - 2026)
Venture Global (VG) reported Cost of Revenue of $270.0 million for Q1 2026, up 7.14% year-over-year from $252.0 million in Q1 2025, and down 86.85% quarter-over-quarter from $2.1 billion in Q4 2025.
Venture Global (VG) Cost of Revenue (2024 - 2026) Analysis & Trends
Venture Global (VG) has 3 years of Cost of Revenue data on file, last reported at $270.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $270.0 million, up 7.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.0 billion (up 259.6% YoY), and the FY2025 annual result was $5.9 billion, up 338.19% from the prior year.
- Cost of Revenue slipped to $270.0 million in Q1 2026 per VG's latest filing, from $2.1 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $2.1 billion in Q4 2025 and troughed at $143.0 million in Q3 2024.
- A 3-year average of $606.9 million and a median of $300.0 million in 2024 frame the typical range for Cost of Revenue.
- On a YoY basis, Cost of Revenue climbed as much as 396.14% in 2025 and fell as far as 30.96% in 2025.
- A 3-year view of Cost of Revenue shows it stood at $414.0 million in 2024, then jumped by 396.14% to $2.1 billion in 2025, then slumped by 86.85% to $270.0 million in 2026.
- Business Quant data shows VG's Cost of Revenue at $270.0 million in Q1 2026, $2.1 billion in Q4 2025, and $245.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 89.89 Bn | 90.59 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Enterprise Products Partners | 82.10 Bn | 80.95 Bn | - | - |
| 3 | Kinder Morgan | 70.96 Bn | 72.04 Bn | 3.08 Bn | 1.75 Bn |
| 4 | Energy Transfer | 65.68 Bn | 64.96 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Scorpio Tankers | 59.56 Bn | 58.58 Bn | - | 68.80 Mn |
| 6 | Targa Resources | 58.53 Bn | 58.56 Bn | 1.70 Bn | 2.39 Bn |
| 7 | Oneok | 57.23 Bn | 57.10 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Mplx | 57.20 Bn | 55.69 Bn | 2.54 Bn | 498.00 Mn |
| 9 | Tc Energy | 51.34 Bn | 52.53 Bn | 2.95 Bn | 39.44 Mn |
| 10 | Venture Global | 32.76 Bn | 32.70 Bn | 4.33 Bn | 270.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 270.00 Mn |
| Mar 31, 2026 | 270.00 Mn |
| Dec 31, 2025 | 2.05 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Sep 30, 2025 | 245.00 Mn |
| Sep 30, 2025 | 245.00 Mn |
| Jun 30, 2025 | 1.42 Bn |
| Jun 30, 2025 | 1.42 Bn |
| Mar 31, 2025 | 252.00 Mn |
| Mar 31, 2025 | 252.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Dec 31, 2024 | 414.00 Mn |
| Sep 30, 2024 | 143.00 Mn |
| Sep 30, 2024 | 143.00 Mn |
| Jun 30, 2024 | 300.00 Mn |
| Jun 30, 2024 | 300.00 Mn |
| Mar 31, 2024 | 365.00 Mn |
| Mar 31, 2024 | 365.00 Mn |