Venture Global (VG) Cost of Revenue (2024 - 2026)

Venture Global's (VG) quarterly Cost of Revenue came in at $2.8 billion in Q1 2026, up 1004.76% year-on-year from $252.0 million in Q1 2025, and up 196.3% on a QoQ basis from -$2.9 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 $2.8 billion in Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 1004.76% year-over-year to $2.8 billion in Q1 2026; TTM through Mar 2026 was $2.7 billion, a 61.87% increase from a year earlier, with the FY2025 full-year figure at $975.0 million, down 27.83% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $2.8 billion, up from -$2.9 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for VG reached as high as $2.8 billion in Q1 2026 and fell as low as -$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.
  • Across the five-year window, Cost of Revenue slumped 397.12% in 2025 and soared 1004.76% in 2026, its largest moves.
  • Year by year, Cost of Revenue stood at $973.0 million in 2024, then slumped by 397.12% to -$2.9 billion in 2025, then soared by 196.3% to $2.8 billion in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $2.8 billion in Q1 2026, -$2.9 billion in Q4 2025, and $1.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 DHT Holdings 2,943.60 Bn 2,943.47 Bn 167.16 Mn 19.13 Mn
2 Flex LNG 1,649.28 Bn 1,648.89 Bn 61.79 Mn 18.67 Mn
3 Enbridge 120.97 Bn 119.64 Bn 6.70 Bn 9.60 Bn
4 Kinder Morgan 112.45 Bn 112.33 Bn 3.07 Bn 1.41 Bn
5 Enterprise Products Partners 82.58 Bn 81.38 Bn - -
6 Tc Energy 71.17 Bn 65.47 Bn 1.36 Bn 39.44 Mn
7 Energy Transfer 68.75 Bn 67.78 Bn 6.62 Bn 21.15 Bn
8 Mplx 59.29 Bn 57.78 Bn 1.95 Bn 402.00 Mn
9 Targa Resources 57.65 Bn 57.55 Bn 1.70 Bn 2.39 Bn
10 Venture Global 31.44 Bn 29.51 Bn 1.82 Bn 2.78 Bn

Historic Data

Download Data
DateValue
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