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
DateValue
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