Slide 1: Venture Global Second Quarter 2026
Venture Global SECOND QUARTER 2026 AUGUST 11, 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 12 Financial Performance 15 Appendix 19 4
Slide 5: Recent Company Accomplishments and Company Outlook
COMPANY HIGHLIGHTS | SECOND QUARTER 2026 Recent Company Accomplishments and Company Outlook Consolidated Adjusted EBITDA(1) Revenue ($MM) Income from Operations ($MM) Summary +48% $4,578 +111% 2,491 MM $2,188 $ $3,101 Second Quarter 2026 Consolidated $1,038 Adjusted EBITDA(1)(2) $ 8.7 - 9.1 Bn Q2 20
Slide 6: Compounding Milestones
COMPANY HIGHLIGHTS | RECENT ACCOMPLISHMENTS Compounding Milestones 127 Cargos Exported in Q2 2026(1) 150 100 Cargos 50 - Calcasieu Pass Plaquemines Progress at CP2 Robust Quarterly Performance increased revenue by 48% and EPS by 264% year Secured Offtake Agreements of more than 2 MTPA of 5-year and
Slide 7: Consolidated Production Overview
COMPANY HIGHLIGHTS | CONSOLIDATED PRODUCTION OVERVIEW Overview Production Summary Quarterly and Annually Exported Cargos 91% and 75% of total expected cargos(1) for 2026 and 2027 respectively are contracted as of 500 - 518(2) August 11, 2026 380 Increasing the midpoint of full year 2026 cargo expect
Slide 8: CP2 Phase I & II Construction Progress
COMPANY HIGHLIGHTS | CP2 PHASE I & II CONSTRUCTION PROGRESS CP2 Milestones from FID 1st 1st Liquefaction Perimeter Pretreatment Five Gas Train on Wall Module Turbines on Roof Raised CPX Pipeline Expected First Phase I FID Foundation Phase II FID Complete Delivery Foundations on 4 Tanks Complete LNG
Slide 9: Bolt-On Expansions
COMPANY HIGHLIGHTS | BOLT- ON EXPANSIONS CP2 Expansion CP2 Brownfield Expansion includes: Addition of 12 mid-scale liquefaction trains totaling 10 MTPA 5x2 Power Island, 685 MW of additional power Three gas pretreatment modules A third marine berth Expansion will be within the existing CP2 footprint
Slide 10: Contracting Outlook
COMPANY HIGHLIGHTS | CONTRACTING OUTLOOK Current Contracting Portfolio – Providing Optionality, Flexibility, and Certainty Near Term Focus on Contracting Available Excess and Expansion Capacity Long-Term Contracts (10 - 20 years) Leverage currently available and incremental bolt-on capacity to sign
Slide 11: Industry Trends
INDUSTRY TRENDS VENTURE GLOBAL
Slide 12: Historical Distribution of Liquefaction Fees
INDUSTRY TRENDS | HISTORICAL DISTRIBUTION OF LIQUEFACTION FEES Frequency Distribution of Implied Liquefaction Fees 2010 - 2026 Commentary Implied liquefaction fees demonstrate significant skew to high prices with a floor, creating outsized upside potential $6.41 and average rates well above long-ter
Slide 13: Near-Term Market Dynamics
INDUSTRY TRENDS | NEAR-TERM MARKET DYNAMICS Import Activity Indicating Resilient Asian Markets (Million Tons) Underlying LNG Demand Remains Firm China Higher Prices Have not Diminished Demand 8,000 LNG import activity is beginning to increase, despite reduced exports from Ras Laffan and Das Island.
Slide 14: Financial Performance
FINANCIAL PERFORMANCE , \-PAENTURE ©) 1° \
Slide 15: Financial Performance | Second Quarter 2026
FINANCIAL PERFORMANCE | SECOND QUARTER 2026 Summary of Results and Drivers ($MM) Consolidated Q2 Adjusted EBITDA Bridge(2) ($MM) Q2 2025 ∆ Q2 2026 Revenue $3,101 48% $4,578 $384 ($114) ($9) $30 $2 $2,491 Income from Operations 1,038 111% 2,188 $805 Net Income(1) 368 266% 1,347 $1,393 Consolidated Ad
Slide 16: Full Year 2026 Guidance
FINANCIAL PERFORMANCE | FULL YEAR 2026 GUIDANCE Full Year 2026 Guidance Full Year 2026 Changes to EBITDA Guidance ($MM) Full Year 2026 Guidance As of Q1 2026 ∆ As of Q2 2026 555 $8,700 – $9,100 52 Consolidated Adjusted EBITDA(1)(2) $8.2Bn - $8.5Bn $500MM - $600MM $8.7Bn - $9.1Bn $8,200 - $8,500 145
Slide 17: Capital Allocation
FINANCIAL PERFORMANCE | CAPITAL ALLOCATION Our Core Objectives Achievements to Date Strategic Priorities Strategic Expansion Continued construction at Plaquemines and CP2 Phases I & II, while progressing development of the first bolt-on expansions Growth Pipeline Positioned the portfolio to achieve
Slide 18: Appendix
APPENDIX
Slide 19: Unstoppable Energy
APPENDIX | UNSTOPPABLE ENERGY Key Takeaways Five Final Investment Decisions (FID) in Six Years New long- and medium-term contracts signed since the start of Calcasieu +13MTPA CP2 Phase II 2025, effectively double the amount signed by the next closest Calcasieu Plaquemines Pass Final competitor Pass
Slide 20: Calcasieu Pass
APPENDIX | CALCASIEU PASS Overview Production Summary Quarterly and Annual Exported Cargos Increasing expected cargos for full year 2026 to 149 -154, bringing up the low end of the range (2) 149 - 154 by two cargos and maintaining the high end of the range 146 95%(1) of potential 2026 cargos contrac
Slide 21: Plaquemines
APPENDIX | PLAQUEMINES Overview Production Summary Total LNG exported from Plaquemines was 340.7 TBtu which was at the top of the expected Quarterly and Annual Exported Cargos range, although average cargo size increased to 3.79 TBtu vs. the typical 3.7 TBtu 351 - 364 (2) Weighted average liquefacti
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: Production Outlook
APPENDIX | 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 90 in H2 2027 We will continue to forward contract additional cargos on a 75 roll
Slide 24: Third Party SPAs Signed to Date
APPENDIX | THIRD PARTY SPAs SIGNED TO DATE 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 1.0 20 years 1.5 20 years 4.0 20 years 1.0 20 years 1.0 20 years 1.0 20 years 2.0 20 years 1.0 20 yea
Slide 25: 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 80 Owned Operational/Commissioning Capacity (MTPA) Owned Under Constr
Slide 26: 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 26
Slide 27: Direct Sales and Shipping
APPENDIX | DIRECT SALES AND SHIPPING Venture Global Shipping Fleet Revenue Recognition Considerations Revenue associated with cargos exported on a Free on Board (“FOB”) basis is generally Owned / Ship Delivery Date Chartered Charter End recognized when the LNG vessel is loaded and unmoors from one o
Slide 28: Selected Simplified Organizational Structure
APPENDIX | SELECTED SIMPLIFIED ORGANIZATIONAL STRUCTURE(1) Venture Global, Inc. (NYSE:VG) $3.0Bn Perpetual Preferred Equity $2.0Bn Corporate Revolving Venture Global LNG, Inc. Credit Facility $11.0Bn Senior Secured Notes Calcasieu Pass Venture Global Midstream $1.8Bn Senior Secured Term Loan B Ventu
Slide 29: Consolidated Adjusted EBITDA Reconciliation
APPENDIX | CONSOLIDATED ADJUSTED EBITDA RECONCILIATION Consolidated Adjusted EBITDA ($MM) – Quarterly(1) and YTD(1) The following table reconciles our Consolidated Adjusted EBITDA to U.S. GAAP results for the three months ended June 30, 2026, and 2025 Three months ended June 30, 2026 2025 Ne t inc o
Slide 30: Contacts
CONTACTS Investor Contacts Media Contact Ben Nolan Shaylyn Hynes ir@venturegloballng.com press@venturegloballng.com 30