Venture Global (VG) Jumps 6.8% on Strong Energy Demand

We recently published 10 Stocks Leaving Wall Street in the Dust; 4 Hit Fresh Records. Venture Global Inc. (NYSE:VG) was one of the top performers on Tuesday.

Venture Global rallied for a second day on Tuesday, clocking 6.78 percent gains to close at $7.88 apiece as investors resumed buying positions amid the stronger demand for energy during the winter season.

Traders typically believe a seasonal strength in the energy sector during the winter season as households and businesses ramp up their power consumption for their heating needs. In turn, this results in stronger demand for natural gas exports.

Tuesday’s rally reflected strong confidence for Venture Global Inc. (NYSE:VG) in the first quarter of the year, despite lowering anew on Monday its adjusted EBITDA forecast for the fourth quarter and full-year 2025.

Venture Global (VG) Jumps 6.8% on Strong Energy Demand

In a regulatory filing, Venture Global Inc. (NYSE:VG) said that it further lowered its adjusted EBITDA forecast to a range of $6.18 billion to $6.24 billion, versus $6.35 billion to $6.5 billion previously.

During the period, it also exported 128 cargos from its LNG facilities, selling as much as 478.3 trillion British thermal units (BTUs) at an implied average price of $5.15 per MMBtus.

Official results are expected to be released in the second week of February 2025.

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Disclosure: None. This article is originally published at Insider Monkey.