Latest news with #VentureGlobalInc
Axios
11-04-2025
- Business
- Axios
Virginia's billionaire club grows
Virginia is now home to a whopping 10 members of the billionaires club, according to Forbes' annual list. Why it matters: That's two more billionaires than the state had last year. Driving the news: Bob Pender, co-founder of Arlington-based liquefied natural gas company Venture Global Inc, is one of two new-to-the-list Virginia-dwelling billionaires. Pender is a Falls Church resident worth around $9.1 billion. He and his co-founder took their company public in January (good timing), Washington Business Journal reports. He's joined as a Forbes list first-timer by Sheila Johnson, Salamander Collection CEO (and BET cable channel co-founder), who's been called "America's first Black female billionaire," per WBJ. Johnson's worth an even $1 billion and lives in The Plains, a little town about an hour west of D.C. Follow the money: The Plains is also home to the state's richest resident and the 34th wealthiest person on the planet, Jacqueline Mars. Mars has topped Virginia's list for more than a decade thanks to a family fortune built on Snickers, Twix and Milky Way. She has an estimated net worth this year of $42.6 billion. Other Virginia billionaires include: Pamela Mars, Jacqueline's niece, who lives in Alexandria and is worth $10.7 billion. That makes her the second-wealthiest person in Virginia. Winifred J. Marquart, a Virginia Beach resident and heir to the S. C. Johnson company, which owns Pledge, Windex and Ziploc bags, $4.7 billion. Daniel D'Aniello, co-founder of the private equity firm Carlyle Group and Vienna resident, $4.4 billion. William Conway Jr., co-founder of Carlyle Group and McLean resident, $3.9 billion. Steve Case, co-founder of the investment firm Revolution and AOL before that. He lives in McLean and is worth $2.4 billion. Richard Fairbank, chairman and CEO of Capital One. He's also in McLean and is worth $1.3 billion. Craig Abod, founder and owner of Carahsoft, a Reston-based technology company. He lives in Great Falls and is worth $1.1 billion.
Yahoo
09-04-2025
- Business
- Yahoo
Why Venture Global Inc. (VG) Surged On Tuesday?
We recently published a list of . In this article, we are going to take a look at where Venture Global Inc. (NYSE:VG) stands against other stocks that lead rally amid market bloodbath. The stock market took a battering anew on Tuesday, with all major indices registering steep losses as investors continued to digest President Donald Trump's next tariff deadline that would slap China with a cumulative 104-percent tariff. The tech-heavy Nasdaq registered the heaviest fall, down by 2.15 percent, followed by the S&P 500's 1.57 percent decline, and the Dow Jones' 0.84-percent drop. Meanwhile, 10 companies—four of which were in the medical sector—bucked an overall market decline, booking modest gains during the session. In this article, we listed the 10 well-performing names of Tuesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume. Close-up of a liquefied natural gas terminal expelling plumes of smoke. Venture Global snapped a five-day losing streak on Tuesday, adding 11.71 percent to close at $7.82 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation, shunning news of law firms initiating investigations into the company on possible equities violation. In separate statements, law firms Portnoy, as well as Robbins Geller Rudman & Dowd, encouraged VG investors to lead as a plaintiff for a class action lawsuit over allegations that the company promoted its innovative and disruptive approach, claiming it was both scalable and repeatable, enabling the company to bring LNG to the global market faster and at a lower cost. It also alleged that VG highlighted the development of five natural gas liquefaction and export projects near the Gulf of Mexico. According to the lawsuit, 'when the true details emerged, investors suffered financial losses.' VG has yet to issue a statement regarding the allegations. Overall, VG ranks 2nd on our list of stocks that lead rally amid market bloodbath. While we acknowledge the potential of VG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
US LNG exports soar in March on ramp up of Plaquemines plant
By Curtis Williams HOUSTON (Reuters) - The U.S. exported a record amount of liquefied natural gas (LNG) in March, selling more than 9 million metric tons (MT) of the superchilled gas, according to preliminary data from LSEG. The U.S. is already the world's largest exporter of LNG and President Donald Trump has promised to unleash American energy by declaring an energy emergency. Growth in LNG exports is part of that strategy. In March the U.S. exported 9.3 MT of LNG, smashing the December 2023 record of 8.6 MT, as production was buoyed by the ramp up Phase 1 of Venture Global Inc's 3.2-bcfd Plaquemines LNG plant, under construction in Louisiana, LSEG data showed. Plaquemines on Tuesday was pulling 2.136 billion cubic feet (bcf) of gas, a new record for the plant, just over three months after producing first LNG, according to LSEG. The plant is producing at 140% of its design capacity, according to a note to customers from investment banker Tudor Pickering Holt & Co on Tuesday, and exported 0.82 MT, or 9%, of total U.S. exports last month, LSEG data showed. Europe again soaked up most of the U.S. exports, with 6.47 MT, or 70%, heading to the continent, LSEG data showed, below the 6.82 MT, or 82% of total exports, that went to Europe in February. Gas prices declined in both Asia and Europe in March when compared to February, but the fall was steeper in Europe, making Asia more competitive for U.S. LNG than it was in February, LSEG data showed. The Dutch Title Transfer Facility (TTF) benchmark in Europe averaged $13.21 per British thermal units (mmBtu) in March, down from February's highs of $15.28 per mmBtu. The Japan Korea Marker (JKM) benchmark in Asia also declined to $13.50 per mmBtu in March from an average of $14.40 per mmBtu in February. Exports to Asia increased in March with 1.64 MT, or 17% of total U.S. exports, versus 0.69 MT, or 8% of total exports, sold to Asia in February, LSEG data showed. U.S. exports to Latin America were flat in March with 0.55 MT sold to the region, compared with 0.56 in February, according to LSEG. Sales to the Middle East increased to 0.42 MT in March, up from 0.28 MT in February, LSEG data showed. Another 0.22 MT on Tuesday were available for orders with no clear destination, LSEG data showed. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Tortoise Capital Announces Index Updates for First Quarter 2025
OVERLAND PARK, KS / / March 14, 2025 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the first quarter of 2025. Following the close of trading on Friday, Mar. 21, 2025, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective. Tortoise MLP Index ® (TMLP/TMLPT) Action Company Ticker No Changes Tortoise North American Pipeline IndexSM (TNAP/TNAPT) Action Company Ticker Addition Venture Global Inc VG Tortoise Global Water ESG IndexSM (TGWESG/TGWESGT) Action Company Ticker Deletion Guangdong Land Holdings Ltd 124 HK Tortoise Decarbonization Infrastructure IndexSM (DCRBN/DCRBNT) Action Company Ticker Deletion Montauk Renewables Inc MNTK Deletion Sunnova Energy International Inc NOVA Tortoise Recycling Decarbonization UCITS IndexSM (RECYCLE/RECYCLET) Action Company Ticker Addition Gevo Inc GEVO Deletion LanzaTech Global Inc LNZA UR Full constituent lists for each index from the previous quarter rebalance can be found here: Tortoise MLP Index® (TMLP): Tortoise North American Pipeline IndexSM (TNAP): Global Water ESG Index SM (TGWESG): Decarbonization Infrastructure Index SM (DCRBN): Recycling Decarbonization UCITS Index SM (RECYCLE) Recycling Decarbonization Index SM (RCYCL) About Tortoise Index Solutions (TIS)TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indices are intended to fill a void in the market and provide benchmarks and investable asset class universes for use by investment professionals, research analysts and industry executives to analyze relative performance as well as to provide a basis for passively managed exchange-traded products. To learn more, please visit About Tortoise Capital With approximately $9.6 billion in assets under management as of Feb. 28, 2025, Tortoise Capital's solid record of investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution that is under way. For more information about Tortoise Capital, visit The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities. The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ("SIC") system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs). The Tortoise Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries. The indices mentioned above are the exclusive property of TIS, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM, and Tortoise Global Water ESG IndexSM (the "Indices"). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS and its affiliates. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The Tortoise Decarbonization Infrastructure IndexSM is a float-adjusted, capitalization weighted index of decarbonizing infrastructure companies that are organized and have their principal place of business in the United States or Canada. We define a decarbonization infrastructure company as a company that primarily owns natural gas and/ or natural gas liquids infrastructure including pipelines and local distribution companies, electric generation, transmission and distribution, battery storage, electric charging infrastructure, residential rooftop solar facilities and/ or renewable fuels. The Tortoise Recycling Decarbonization IndexSM is a modified capitalization weighted index that tracks the performance of companies involved in waste-to-energy and recycling technologies that trade on developed and developing market exchanges. Waste-to-Energy is the process of generating energy from waste such as garbage, animal manure, agriculture products and/or animal fats and thus includes companies that produce renewable natural gas and diesel as well as ethanol. Recycling includes companies that recycle plastic waste, lithium-ion batteries as well as carbon capture sequestration. The Tortoise Recycling Decarbonization UCITS IndexSM is a modified capitalization weighted index that tracks the performance of companies involved in waste-to-energy and recycling technologies that trade on developed and developing market exchanges. The Index includes an assessment of environmental, social, and governance (ESG) is the process of generating energy from waste such as garbage, animal manure, agriculture products and/or animal fats and thus includes companies that produce renewable natural gas and diesel as well as ethanol. Recycling includes companies that recycle plastic waste, lithium-ion batteries as well as carbon capture sequestration. The indices mentioned above are the exclusive property of TIS and is calculated by Solactive AG ("Solactive"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG ("Solactive") in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. Tortoise makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information. Safe Harbor StatementThis press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Contact informationFor more information contact Eva Lipner at (913) 890-2165 or info@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire Sign in to access your portfolio
Bloomberg
18-02-2025
- Business
- Bloomberg
Venture Global to Start Delivering Delayed LNG From April
US liquefied natural gas producer Venture Global Inc. will start long-term supply contracts from its Calcasieu Pass export facility in Louisiana in mid-April, the latest development in the seller's dispute with customers including Shell Plc and BP Plc. Venture Global, which flopped in its public offering last month, has been embroiled in arbitration over the start of its contracts from Calcasieu Pass, which began producing LNG cargoes in early 2022.
