LNG Large Cap Stocks Plunge 10%, $700 Million Vanishes in a Day

Venture Global, Inc. (NYSE: VG), a U.S. liquefied natural gas (LNG) producer, closed at $11.80 on the New York Stock Exchange, plunging 9.66% from the prior session.

Its market capitalization fell by roughly $536 million to about $6.08 billion in a single day, while trading volume reached 12.93 million shares.

On June 11, the company’s subsidiary, Venture Global LNG, completed a $2.25 billion senior secured note issuance and announced it will use the proceeds to redeem its existing high-yield bonds maturing in 2028 ahead of schedule.

Earlier this month, Venture Global also declared a cash dividend of $0.018 per share, modestly raising its payout ratio.

Headquartered in Arlington, Virginia, Venture Global is a global LNG producer and exporter with large-scale Louisiana coastal projects such as Calcasieu Pass, Plaquemines and CP2.

Since its 2025 NYSE listing, the company has maintained strong growth—driven by supply disruptions in the Middle East and increasing demand for U.S. LNG—positioning it as a prominent beneficiary of global energy security trends.