welcome
Reuters

Reuters

Business

Business & Economics

Analysis-Investors balked at Venture Global's earnings outlook before IPO price cut

Reuters
Summary
Nutrition label

77% Informative

Venture Global LNG forced to nearly halve the valuation it is seeking in its U.S. initial public offering.

Investors balked at the company's estimated long-term profit for liquefying gas for export, investors told Reuters .

The Arlington , Virginia -based firm on Wednesday slashed its price range by more than 40% to upper guidance of $65 billion , down from $110 billion .

Venture Global is the second -largest exporter of liquefied natural gas in the United States .

A delay could be favorable, allowing Venture Global to settle litigation and make progress on its expansion, as well as for the market to absorb the impact of Trump 's energy policies. The company currently has two operational plants and has three more LNG projects in various stages of development near the Gulf of Mexico in Louisiana . "We're torn on the deal, as the valuation looks high but it's a fascinating story," said a third investor, before the price revision. (Reporting by Echo Wang and David French in New York and Curtis Williams in Houston ; Editing by Simon Webb and Nick Zieminski ).

VR Score

86

Informative language

90

Neutral language

64

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links