Venture Global, Inc. (VG) Q4 2025 Earnings Call Transcript

SA Transcripts158.74K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Venture Global, Inc. (VG) Q4 2025 Earnings Call March 2, 2026 9:00 AM EST Company Participants Benjamin Nolan - Senior Vice President of Investor Relations of Venture Global LNGMichael Sabel - Founder, Executive Co-Chairman of the Board & CEOJonathan Thayer - Chief Financial Officer Conference Call Participants John Mackay - Goldman Sachs Group, Inc., Research DivisionManav Gupta - UBS Investment Bank, Research DivisionElvira Scotto - RBC Capital Markets, Research DivisionChristopher Robertson - Deutsche Bank AG, Research DivisionGregg Brody - BofA Securities, Research Division Presentation Operator Hello. Thank you, everyone, for joining us and welcome to the Venture Global, Inc. Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] I will now hand the conference over to Ben Nolan, Senior Vice President, Investor Relations. Please go ahead. Benjamin NolanSenior Vice President of Investor Relations of Venture Global LNG Thank you, John. Good morning, everyone and welcome to Venture Global, Inc.'s Fourth Quarter 2025 Earnings Call. I'm joined this morning by Mike Sabel, Venture Global's CEO, Executive Co-Chairman and Founder; Jack Thayer, our CFO; and other members of Venture Global's senior management team. Before we begin, I would like to remind all listeners that our remarks, including answers to your questions, may contain forward-looking statements and actual results could differ materially from what is described in these statements. I encourage you to refer to the disclaimers in our earnings presentation, which is available on the Investors section of our website. Additionally, we may include certain non-GAAP metrics such as consolidated adjusted EBITDA, which we may refer to simply as EBITDA during this call. A reconciliation of these metrics to the most relevant GAAP measures can be found in the appendix of the earnings presentation posted on our website. Finally, the guidance in this presentation is only effective as of today. In general, we will not update guidance until the following quarter and will