Venture Global Raises 2026 Profit Forecast, Targets AI Data Centers
Venture Global raises its 2026 profit forecast to $10.3 billion as it expands into AI data center power, with 11.5 GW of planned capacity.
Raja Awais Ali
11/10/20262 min read
Venture Global Raises 2026 Profit Forecast as It Expands Into AI Data Center Power Market
U.S. liquefied natural gas (LNG) exporter Venture Global has raised its full-year 2026 profit forecast after reporting stronger-than-expected third-quarter results, while accelerating plans to enter the growing market for artificial intelligence (AI) data center power and infrastructure.
The company now expects adjusted core earnings of between $10 billion and $10.3 billion in 2026, up from its previous forecast of $8.7 billion to $9.1 billion. The revised outlook is also above the $9.2 billion expected by analysts, according to data compiled by LSEG.
Venture Global reported adjusted core profit of $2.6 billion for the third quarter, exceeding analysts' expectations of $2.5 billion. Following the results, the company's shares rose 8.2% in premarket trading on Tuesday, November 10.
The improved financial outlook comes as electricity demand from AI data centers continues to increase, putting pressure on existing power grids across the United States. Companies capable of providing dedicated electricity generation and infrastructure are increasingly positioned to benefit from this demand.
Venture Global is seeking to take advantage of this opportunity by expanding beyond its traditional LNG business and supplying power infrastructure directly to large-scale data center developments.
In October, the Arlington, Virginia-based company signed framework agreements with GE Vernova and Baker Hughes for up to 16 power island units, with a combined capacity of approximately 11.5 gigawatts. The agreements also cover associated transformers and electrical grid equipment required to support the expansion.
Each power island unit is designed to provide approximately 720 megawatts of capacity. The planned equipment will support a dedicated, gas-fired electricity network that can operate independently of the public power grid.
The agreements build on Venture Global's existing infrastructure, which includes control over approximately 15,000 acres of land, access to around 13 billion cubic feet of natural gas pipeline capacity per day and approximately 4.5 gigawatts of existing or planned modular gas-fired power generation.
Chief Executive Mike Sabel said the company could combine its land, natural gas supplies, independent power generation, closed-loop water systems and engineering and construction capabilities to support the growing computing requirements of the United States.
Venture Global expects to begin delivering computing capacity in late 2028, with a target of approximately 5 gigawatts by the end of 2031. The planned facilities will be located in Louisiana's Cameron and Plaquemines parishes and are designed to operate without relying on public electricity or water supplies.
The company's October agreements also establish a longer-term expansion opportunity. Venture Global has outlined the potential to develop up to 10 gigawatts of additional computing capacity by the end of 2034, subject to customer commitments, market demand, regulatory approvals and other commercial considerations.
The expansion will take place in stages rather than through an immediate commitment to install all 16 power units. The company expects to place its first power island equipment order by the end of 2026, while further purchases will depend on commercial requirements and future demand.
Alongside its AI infrastructure plans, Venture Global is continuing to expand its LNG operations. The company has narrowed its expected timeline for the first LNG production from its CP2 project to July 2027, approximately 24 months after reaching the final investment decision for the project's first phase.
The latest results and revised earnings forecast highlight Venture Global's efforts to strengthen its position in the U.S. energy market while pursuing new opportunities created by the rapid expansion of artificial intelligence. Its strategy combines natural gas production, independent electricity generation and potential data center development, placing the company in a position to compete for a growing share of the energy infrastructure market.
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