Venture Global (NYSE:VG) shares are up during Monday’s premarket session fueled by Brent crude's sharp climb on U.S.-Iran hostilities.

Brent crude surged roughly 8% to about $78.70 a barrel on Monday, climbing sharply after unprecedented strikes intensified concerns over potential supply disruptions across the Middle East.

Also, b reported fourth-quarter earnings and announced a new liquefied natural gas (LNG) purchase agreement with Trafigura.

Earnings Snapshot

Venture Global reported EPS of 41 cents which beat the analyst consensus estimate of 37 cents, while sales of $4.445 billion missed the consensus estimate of $4.516 billion.

The company exported 128 cargos and sold 478 TBtu of LNG, a new record, and an increase of 275% year over year.

As of December 31, cash and cash equivalents stood at $2.36 billion.

For 2026, the company sees adjusted EBITDA guidance of $5.20 billion – $5.80 billion and expects to export 145 – 156 cargos from the Calcasieu Project and 341 – 371 cargos from the Plaquemines Project.

CEO Mike Sabel added “We are anticipating an even more productive year ...