Jun. 27 at 4:25 PM
$VG Cheniere (
$LNG) is the only other relevant pure-play LNG exporter in the US besides VG, so it is the easiest comparison to illustrate how undervalued VG currently is.
Cheniere has a market cap of
$50B. They reported their Q1 2026 earnings and guided for ~
$7.5B in FY 2026 earnings.
Venture Global has a market cap of
$32B. They guided for ~
$8.3B in FY 2026 earnings. Wait, what?
VG is expecting to make almost
$1B in profit more in FY 2026 than Cheniere--despite having a market cap under 2/3 the size.
VG is going to grow production capacity by over 100% over the next 4-5 years, while Cheniere is targeting 50% production growth over that timeframe.
The only thing going against VG is that they have
$10B more in debt than Cheniere--but that's the price you have to pay for aggressive growth in this industry.
Given Cheniere's valuation, and VG's trailing PE ratio of 12, the stock should already be at least
$20 in my opinion.
