Venture Global (VG) Operating Expenses (2024 - 2026)
Venture Global's (VG) quarterly Operating Expenses came in at $3.4 billion in Q1 2026, up 90.08% year-on-year from $1.8 billion in Q1 2025, and up 26.44% sequentially from $2.7 billion in Q4 2025.
Venture Global (VG) Operating Expenses (2024 - 2026) Analysis & Trends
Venture Global's Operating Expenses history runs 3 years deep, the most recent figure standing at $3.4 billion for 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 came in at $3.4 billion for Q1 2026 at Venture Global, up from $2.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $3.4 billion in Q1 2026 and troughed at $737.0 million in Q3 2024.
- The 3-year median for Operating Expenses is $1.8 billion (2025), against an average of $1.7 billion.
- The widest annual swing landed in 2025, when Operating Expenses soared 193.23%; it then soared 90.08% in 2026.
- A 3-year view of Operating Expenses shows it 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.
- Per Business Quant data, the three most recent Operating Expenses figures were $3.4 billion in Q1 2026, $2.7 billion in Q4 2025, and $2.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 301.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |