Slide 1: Venture Global First Quarter 2026
Venture Global FIRST QUARTER 2026 MAY 12, 2026
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Forward-Looking Statements This presentation includes statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 (as amended, the “Securities Act”), and Section 21E
Slide 3: Legal Disclaimer (Cont'd)
LEGAL DISCLAIMER (CONT’D) Market and Industry Data Certain of the information contained herein concerning industry and market data, economic trends, market position and competitiveness is based upon or derived from industry and market data from independent industry publications, other publicly avail
Slide 4: Table of Contents
TABLE OF CONTENTS Section Company Highlights 5 Industry Trends 13 Financial Performance 15 Appendix 19 4
Slide 5: Company Highlights | Unstoppable Energy
COMPANY HIGHLIGHTS | UNSTOPPABLE ENERGY Key Takeaways Five Final Investment Decisions (FID) in Six Years Production capacity of 68 MTPA(1) in operation or under Calcasieu #1 CP2 Phase II construction positions Venture Global to soon be the largest LNG Calcasieu Plaquemines Pass Final producer in Nor
Slide 6: Recent Company Accomplishments and Company Outlook
COMPANY HIGHLIGHTS | FIRST QUARTER 2026 Recent Company Accomplishments and Company Outlook Consolidated Adjusted EBITDA(1) Revenue ($MM) Income from Operations ($MM) Summary +59% $4,599 +7% $ 1,372 MM $2,894 $1,080 $1,151 First Quarter 2026 Consolidated Adjusted EBITDA(1)(2) $ 8.2 - 8.5 Bn Q1 2025 Q
Slide 7: Compounding Milestones
COMPANY HIGHLIGHTS | RECENT ACCOMPLISHMENTS Compounding Milestones Record 130 Cargos Exported in Q1 2026(1) 150 100 50 - Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Nitrogen Removal Unit Pipe Rack Calcasieu Pass Plaquemines Declared FID at CP2 Phase II includ
Slide 8: Consolidated Production Overview
COMPANY HIGHLIGHTS | CONSOLIDATED PRODUCTION OVERVIEW Overview Production Summary and Forecast 84%(1) of total expected cargos for 2026 are contracted as of May 8, 2026 Quarterly and Annual Exported Cargos 494 - 523 (2) Weighted average liquefaction fees for 2025 and 2026 reflect the integration of
Slide 9: CP2 Construction Progress
COMPANY HIGHLIGHTS | CP2 CONSTRUCTION PROGRESS CP2 Milestones from FID 1st Expected 1st Liquefaction Perimeter Three Gas Pretreatment Trains on Roof Raised Wall Turbines on 1st NRU Module Expected First Phase I FID Foundation on Two Tanks Phase II FID Complete Foundation Delivered Delivery LNG Engin
Slide 10: Production Outlook
COMPANY HIGHLIGHTS | PRODUCTION OUTLOOK Production Outlook Range(1)(2) (MTPA) Commentary Contracted Capacity % 2027 production sensitivity is significantly impacted by the timing of production at CP2, which we expect to commence in H2 2027 80 We will continue to forward contract additional cargos on
Slide 11: Contracting Outlook
COMPANY HIGHLIGHTS | CONTRACTING OUTLOOK Current Contracting Portfolio – Providing Flexibility & Certainty Near Term Focus on Contracting Available Excess and Expansion Capacity 20-Year Contracts Leverage currently available and incremental bolt-on capacity to sign multiple new 20-year SPAs while ma
Slide 12: Bolt-on Expansion
COMPANY HIGHLIGHTS | BOLT-ON EXPANSION CP2 Expansion Plaquemines Bolt-on Phase I Addition of 12 mid-scale liquefaction trains at CP2 Addition of 8 mid-scale liquefaction trains at Plaquemines Within the existing CP2 footprint Includes the first phase of the Cloud Connector pipeline Expected capacity
Slide 13: Industry Trends
INDUSTRY TRENDS VENTURE GLOBAL
Slide 14: LNG Demand Expands in Scale and Scope
INDUSTRY TRENDS | LNG DEMAND EXPANDS IN SCALE AND SCOPE LNG Supply Outlook by Region(1) (MTPA) Rising LNG Demand Reflects Long-Term Trends MM tons/year 700 >5% of projected Short-term Stoppage supply offline 600 Qatar’s Ras Laffan and Abu Dhabi’s Das Island have been largely offline since 500 early
Slide 15: Financial Performance
FINANCIAL PERFORMANCE . ry = - 4 \«=7 | Eyal 3 iS 5 = 7
Slide 16: Financial Performance | First Quarter 2026
FINANCIAL PERFORMANCE | FIRST QUARTER 2026 Summary of Results and Drivers ($MM) Consolidated Q1 Adjusted EBITDA Bridge(2) ($MM) Q1 2025 ∆ Q1 2026 $1,816 ($1,928) Revenue $2,894 59% $4,599 Income from Operations 1,080 7% 1,151 (1) Net Income 396 23% 488 $1,346 ($16) $6 $140 $8 $1,372 Consolidated Adj
Slide 17: Full Year 2026 Guidance
FINANCIAL PERFORMANCE | FULL YEAR 2026 GUIDANCE Full Year 2026 Guidance Full Year Guidance As of Q4 2025 As of Q1 2026 Consolidated Adjusted EBITDA(1)(2) $5.2Bn - $5.8Bn $8.2Bn - $8.5Bn Impact to Consolidated Adjusted EBITDA (+/- $1/MMBtu)(1) $575MM - $625MM $300MM - $350MM Calcasieu Pass Cargos 145
Slide 18: Capital Allocation
FINANCIAL PERFORMANCE | CAPITAL ALLOCATION Driving Long-term Cash Flow Visibility and Balance Sheet Strength Near-Term Objectives (2026 - 2028) Long-Term Strategy (2028+) Additional Expansions Continued Expansion – Completing Bolt-ons Complete construction at Plaquemines and CP2 Phases I & II, while
Slide 19: Appendix
APPENDIX
Slide 20: Calcasieu Pass
APPENDIX | CALCASIEU PASS Overview Production Summary and Forecast Narrowing the range of expected cargos for the full year 2026 to 147-154, bringing up the low Quarterly and Annual Exported Cargos (1) end of the range by one cargo and taking down the high end of the range by two cargos 146 147 - 15
Slide 21: Plaquemines
APPENDIX | PLAQUEMINES Overview Production Summary and Forecast All 36 liquefaction trains have now undergone initial startup, and the transition from temporary Quarterly and Annual Exported Cargos power to permanent site power is ongoing 347 - 369 (2) Weighted average liquefaction fee for Q1 2026 o
Slide 22: Our Current LNG Projects
APPENDIX | OUR CURRENT LNG PROJECTS Projects Summary of Near-Term Development Plans(1) Plaquemines CP2 Calcasieu Pass Total Phase I & II Bolt-on(2) Phase I & II Bolt-on(3) Construction & Status Operating Development Construction Development Commissioning Mid-Scale Liquefaction Trains 18 36 8 36 12 1
Slide 23: Third Party SPAs Signed to Date
APPENDIX | THIRD PARTY SPAs SIGNED TO DATE Our Long-Term Contract Portfolio Anticipates Generating $137Bn in Contracted Third-Party Revenue(1) Calcasieu Pass Plaquemines CP2 Offtaker MTPA Tenor Offtaker MTPA Tenor Offtaker MTPA Tenor 2.0 20 years 4.0 20 years 1.0 20 years 2.0 20 years 2.0 20 years 1
Slide 24: Global LNG Ownership
APPENDIX | GLOBAL LNG OWNERSHIP Venture Global’s 97% Ownership of LNG Assets Built or Under Development Uniquely Positions the Company Within the LNG Industry 85 MTPA with the Addition of Plaquemines and CP2 Bolt-on Expansions 100 85 80 Owned Operational/Commissioning Capacity (MTPA) Owned Under Con
Slide 25: CP2 Site and Pipeline Construction Progress
APPENDIX | CP2 SITE AND PIPELINE CONSTRUCTION PROGRESS CP2 Targeting Fastest Project to Production Liquefaction Pre-Treatment Tanks Power Plants Marine Terminal CPX Pipeline 25
Slide 26: Direct Sales and Shipping
APPENDIX | DIRECT SALES AND SHIPPING Venture Global Shipping Fleet Revenue Recognition Considerations Owned / Revenue associated with cargos exported on a Free on Board (“FOB”) basis is generally Ship Delivery Date Chartered Charter End recognized when the LNG vessel is loaded and unmoors from one o
Slide 27: Selected Simplified Organizational Structure
APPENDIX | SELECTED SIMPLIFIED ORGANIZATIONAL STRUCTURE(1) $3.0Bn Perpetual Preferred Equity Venture Global, Inc. (NYSE:VG) $2.0Bn Corporate Revolving Credit Facility Venture Global LNG, Inc. $11.0Bn Senior Secured Notes Calcasieu Pass Venture Global Midstream Holdings, $1.8Bn Senior Secured Term Lo
Slide 28: Consolidated Adjusted EBITDA Reconciliation
APPENDIX | CONSOLIDATED ADJUSTED EBITDA RECONCILIATION Consolidated Adjusted EBITDA ($MM) – Quarterly(1) The following table reconciles our Consolidated Adjusted EBITDA to U.S. GAAP results for the three months ended March 31, 2026, and 2025 Three months ended March 31, 2026 2025 Net incom e attribu
Slide 29: Contacts
CONTACTS Investor Contacts Media Contact Ben Nolan Shaylyn Hynes ir@venturegloballng.com press@venturegloballng.com 29