On August 20, Venture Global, Inc. rose 6.01% in regular trading, trading at $14.605/share, with turnover of $27.12 million.
On the news front, RBC Capital Markets issued a research note stating that Venture Global is well-positioned to capture incremental demand for liquefied natural gas amid the ongoing Middle East conflict and its impact on global supply. The firm cited Venture Global's construction ramp and contract timing as key advantages, noting that Plaquemines Phase 1 targets commercial operations in Q4, Phase II in mid-2027, and first LNG production from the Calcasieu Pass 2 project is expected in H2 2027. RBC also highlighted the company's in-house EPC team manufacturing heat recovery steam generators at Morgan City, removing a significant supply chain bottleneck.
The broader energy sector provided additional tailwinds, with peers ConocoPhillips up 2.95%, Apache up 3.34%, and Diamondback Energy up 3.49%.
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