Venture Global (VG) Operating Expenses (2024 - 2026)
Venture Global (VG) posted quarterly Operating Expenses of $3.4 billion for Q1 2026, up 90.08% year-over-year from $1.8 billion in Q1 2025, and up 26.44% quarter-over-quarter from $2.7 billion in Q4 2025.
Venture Global (VG) Operating Expenses (2024 - 2026) Analysis & Trends
Venture Global (VG) has reported Operating Expenses for 3 consecutive years, with $3.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 90.08% year-over-year to $3.4 billion; the TTM figure through Mar 2026 stood at $10.2 billion (up 142.48% YoY), while the FY2025 annual figure was $8.6 billion, up 168.4% from the prior year.
- Operating Expenses improved to $3.4 billion in Q1 2026 per VG's latest filing, from $2.7 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $3.4 billion in Q1 2026 and bottomed at $737.0 million in Q3 2024.
- Historically, Operating Expenses has averaged $1.7 billion across 3 years, with a median of $1.8 billion in 2025.
- Annual changes were most pronounced in 2025 — Operating Expenses surged 193.23% — and 2026, when it surged 90.08%.
- Venture Global's Operating Expenses stood at $930.0 million in 2024, then surged by 193.23% to $2.7 billion in 2025, then rose by 26.44% to $3.4 billion in 2026.
- Business Quant data shows VG's Operating Expenses at $3.4 billion in Q1 2026, $2.7 billion in Q4 2025, and $2.0 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.39 Bn |
| Mar 31, 2026 | 3.45 Bn |
| Dec 31, 2025 | 2.73 Bn |
| Sep 30, 2025 | 2.01 Bn |
| Jun 30, 2025 | 2.06 Bn |
| Mar 31, 2025 | 1.81 Bn |
| Dec 31, 2024 | 930.00 Mn |
| Sep 30, 2024 | 737.00 Mn |
| Jun 30, 2024 | 745.00 Mn |
| Mar 31, 2024 | 797.00 Mn |