Venture Global Expects Capex to Ease as Cash Flows Rise
Venture Global said it spent over $27 billion on capital projects in 2024 and 2025 and expects capex of about $13 billion this year, slightly above prior guidance. The company projects adjusted EBITDA of $8.7-9.1 billion, helped by pricing tied to the Middle East conflict, and plans to retire and refinance bonds as it shifts toward more cash-flow-driven investment and more shorter-term contracts.