Venture Global (VG) Operating Expenses (2024 - 2026)
Venture Global (VG) reported 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 3 years of Operating Expenses data on file, last reported at $3.4 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $3.4 billion, up 90.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $10.2 billion (up 142.48% YoY), and the FY2025 annual result was $8.6 billion, up 168.4% from the prior year.
- Operating Expenses grew to $3.4 billion in Q1 2026 per VG's latest filing, 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.
- A 3-year average of $1.7 billion and a median of $1.8 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses surged 193.23% in 2025, then surged 90.08% in 2026.
- A 3-year view of Operating Expenses shows it stood at $930.0 million in 2024, then jumped by 193.23% to $2.7 billion in 2025, then increased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Venture Global | 31.69 Bn | 31.63 Bn | 4.33 Bn | 3.45 Bn |
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 |