STOCK CRASH ALERT! Venture Global’s Shares PLUNGE 25% Overnight!
Shares in Freefall After DISASTROUS Revenue Report!
Hold onto your hats, folks! Venture Global, the liquefied natural gas powerhouse, is feeling the heat as their stock took a nosedive of over 25% in early trading! What’s the cause of this nightmare? A MAJOR drop in LNG sales and exports! That’s right, the once-booming company just revealed their revenue for the fourth quarter—DOWN 7% to a DISAPPOINTING $1.5 billion!
EXCLUSIVE: LNG Cargoes PLUMMET by 18%—Is This the End?
In a shocking twist, reports show that shipments of LNG exports fell by a staggering 18% during the fourth quarter. With sales volumes sinking by 13% in the three months leading up to December, it’s clear that the market is in CHAOS! Overall, the company’s annual revenue hit around $5 billion, falling short of predictions. Analysts expected $5.2 billion—talk about a letdown!
SURPRISE! Costs Skyrocket to SHOCKING $1.3 Billion!
To make matters worse, Venture Global broke the news of a nasty surprise: cost estimates for their Plaquemines LNG facility have jumped by as much as $1.3 billion! And wait—this doesn’t even include the potential impact of tariffs, which could push those costs even HIGHER! With such massive overspending, investors are panicking!
IPO Disaster: Stock Dives Below Listing Price!
Venture Global’s public debut back in January turned into a nightmare as their IPO tanked below the initial listing price on DAY ONE! Since that fateful moment, they have wiped out more than HALF of their market value! Their shares plummeted an alarming 21.2% just Thursday morning—this is a sinking ship!
Investors SHAKEN by Allegations of Contract Breaches!
But that’s not all! Analysts claim the latest drops are partly due to the company’s overvaluation. The fear is REAL—ongoing arbitration with heavyweights Shell and BP has investors biting their nails. Accusations are flying that Venture Global failed to deliver shipments under long-term supply contracts, opting instead to sell at eye-popping spot market prices. Who can trust them now?
High Profile Caution from Total’s CEO: “Stay Away!”
Patrick Pouyanné, CEO of Total, didn’t hold back when he said he doesn’t want to deal with Venture Global’s “messy disputes” with Shell and BP. Investors hear this loud and clear—trust is eroding FAST!
CEO Claims Demand is STRONG—Can We Believe It?
However, Venture Global’s CEO Mike Sabel is claiming the opposite! He says there’s a HUGE demand for 20-year contracts, insisting that long-term fuel prices are “extremely attractive.” Can these claims revive the sinking ship or are investors still running for the hills?
Trump Administration Backing: Is it Enough?
In a twist of fate, the Trump administration has been a supporter of the US LNG industry, urging foreign buyers to snap up more super-chilled fuel. Sabel thinks the current permitting environment is “the best in decades.” Let’s hope he’s right!
Despite the storm, Venture Global is still waiting on crucial government approval for their CP2 LNG facility in Louisiana. But Sabel claims they feel “pretty good” about the outcome, despite everything crashing around them.
Get Ready for More Shocking Turns in the LNG Saga!
In the midst of all this chaos, Venture Global somehow swayed to make a profit of $871 million after losing $50 million last year. One question lingers—will this company rise from the ashes or drown in disaster? Buckle up, folks, because this wild ride is just getting started!
photo credit: www.ft.com
