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% on a QoQ basis 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.
- On a quarterly basis, Operating Expenses rose 90.08% year-over-year to $3.4 billion in Q1 2026; TTM through Mar 2026 was $10.2 billion, a 142.48% increase from a year earlier, with the FY2025 full-year figure at $8.6 billion, up 168.4% from the prior year.
- Operating Expenses for Q1 2026 stood at $3.4 billion, up from $2.7 billion in the prior quarter.
- Over the last five years, Operating Expenses for VG reached as high as $3.4 billion in Q1 2026 and fell as low as $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.
- Across the five-year window, Operating Expenses soared 193.23% in 2025 and soared 90.08% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $930.0 million in 2024, then jumped by 193.23% to $2.7 billion in 2025, then advanced 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Venture Global | 37.29 Bn | 38.84 Bn | 1.82 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 |