Venture Global (VG) Cost of Revenue (2024 - 2026)
Venture Global (VG) posted quarterly Cost of Revenue of $2.8 billion for Q1 2026, up 1004.76% year-over-year from $252.0 million in Q1 2025, and up 196.3% quarter-over-quarter from -$2.9 billion in Q4 2025.
Venture Global (VG) Cost of Revenue (2024 - 2026) Analysis & Trends
Venture Global (VG) has reported Cost of Revenue for 3 consecutive years, with $2.8 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 1004.76% year-over-year to $2.8 billion; the TTM figure through Mar 2026 stood at $2.7 billion (up 61.87% YoY), while the FY2025 annual figure was $975.0 million, down 27.83% from the prior year.
- Cost of Revenue improved to $2.8 billion in Q1 2026 per VG's latest filing, from -$2.9 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $2.8 billion in Q1 2026 and bottomed at -$2.9 billion in Q4 2025.
- Historically, Cost of Revenue has averaged $497.4 million across 3 years, with a median of $300.0 million in 2024.
- Annual changes were most pronounced in 2025 — Cost of Revenue plunged 397.12% — and 2026, when it surged 1004.76%.
- Venture Global's Cost of Revenue stood at $973.0 million in 2024, then slumped by 397.12% to -$2.9 billion in 2025, then jumped by 196.3% to $2.8 billion in 2026.
- Business Quant data shows VG's Cost of Revenue at $2.8 billion in Q1 2026, -$2.9 billion in Q4 2025, and $1.4 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.78 Bn | 109.29 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.22 Bn | 82.32 Bn | - | - |
| 4 | Energy Transfer | 72.29 Bn | 71.26 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.94 Bn | 58.38 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.24 Bn | 59.20 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.73 Bn | 59.57 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 58.90 Bn | 58.77 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.79 Bn | 54.54 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Venture Global | 34.05 Bn | 30.83 Bn | 2.92 Bn | 1.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.66 Bn |
| Jun 30, 2026 | 1.66 Bn |
| Mar 31, 2026 | 2.78 Bn |
| Mar 31, 2026 | 2.78 Bn |
| Dec 31, 2025 | -2.89 Bn |
| Dec 31, 2025 | -2.89 Bn |
| Sep 30, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.39 Bn |
| 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 | 973.00 Mn |
| Dec 31, 2024 | 973.00 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 | 109.00 Mn |
| Mar 31, 2024 | 109.00 Mn |