Venture Global's stock jumped 14.20% after being upgraded to 'Buy' by Citi, buoyed by robust first-quarter results showing $4.6 billion in sales and a net income of $598 million. The company announced expanded multi-year LNG supply agreements with TotalEnergies and Vitol, securing over one million tonnes per annum, which supports its raised EBITDA guidance for 2026 to between $8.2 billion and $8.5 billion. As Venture Global continues to strengthen its market position, it aims for significant production milestones and investment-grade status by 2027.
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