Aug 12 (Reuters) - Venture Global (VG.N) , opens new tab beat Wall Street expectations for second-quarter core profit, as a resumption of export permits for liquefied natural gas in the U.S. boosted sales, sending the shares of the LNG producer up more than 6% before the bell on Tuesday.

Commercial activity in the sector picked up pace after President Donald Trump lifted a moratorium on new LNG export permits soon after taking office in January.

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Venture Global, the country's second-largest LNG exporter after Cheniere Energy (LNG.N) , opens new tab, has been ramping up commercial operations at its Plaquemines and Calcasieu Pass export facilities, both located in Louisiana.

The company said it sold 329 trillion British Thermal Units (TBtu) of LNG during the quarter, a 149% jump from the 132 TBt units of the superchilled fuel it sold a year earlier.

Its total quarterly revenue came in at $3.1 billion, exceeding expectations of $2.89 billion, according to data compiled by LSEG, mainly driven by the start of LNG production at the Plaquemines project.

The company expects to export 227 to 240 cargos of LNG from the Plaquemines project this year, compared with a prior view of 222 to 239 cargoes. The Calcasieu Pass project is expected to export 144 to 149 cargos, compared with its prior forecast of 145 to 150 cargoes.

The company said changes in fixed liquefaction fees would hit its adjusted earnings before interest, taxes, depreciation, and amortization by $230 million to $240 million in 2025, compared expectations of a $460 million to $480 million impact, previously.

RBC Capital Markets analyst Elvira Scotto said the results could drive outperformance in Venture Global's stock, especially since it has fallen nearly 50% it went public in January.

The Arlington, Virginia-based company reported adjusted EBITDA of $1.39 billion for the three months ended June 30, compared with analysts' expectations of $1.25 billion.

https://www.reuters.com/business/energy/venture-global-core-profit-beats-sales-boost-lifting-lng-export-permits-2025-08-12/