Why Venture Global Fell Back to Its April Lows in November

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its legal troubles with minimal damage.10 stocks we like better than Venture Global ›Shares of LNG exporter Venture Global (NYSE: VG) fell 13% in November, according to data from S&P Global Market Intelligence.The move lower was notable, as Venture Global had already seen its stock fall significantly on the year, following a bad October stemming from an adverse arbitration court decision. In November, the company learned October's adverse decision might not be the end of its legal troubles, either.Additionally, Venture Global reported third-quarter earnings, during which the company slightly decreased its profit outlook for the year.In the third quarter, Venture Global saw its revenue surge 260% to $3.3 billion, surpassing expectations as it ramped its Calcasieu and Plaquemines LNG terminals. However, earnings per share of $0.16 fell slightly short of analysts' estimates.Perhaps most consequential, the company slightly lowered its full-year outlook for adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), from and range of $6.40 billion to $6.80 billion to a new range of $6.35 billion to $6.50 billion. The lower outlook is due to a lower assumed liquefaction fee in the fourth quarter compared to prior expectations, resulting from lower-than-expected international liquefied natural gas prices, as well as reserves taken into account regarding the company's legal disputes.Speaking of those legal disputes, the day after Venture Global's earnings, it was reported that Shell (NYSE: SHEL) will challenge its prior defeat against Venture Global in an arbitration case from earlier in the year.Shell is among several disgruntled Venture Global customers challenging the company in court over the timing of shipments from its Calcasieu Project between 2023 and 2025. At that time, Venture Global claimed Calcasieu had not yet reached "commercial" production, which enabled the company to sell cargoes on the spot market instead of commencing its long-term commercial agreements at lower fixed prices. In 2022, following Russia's invasion of Ukraine, spot prices for LNG surged far above the levels at which Venture Global had contracted with commercial customers.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,840.51 -6.00 (-0.09%)Dow 3047,560.29 -179.03 (-0.38%)Nasdaq23,576.49 +30.58 (+0.13%)Russell 20002,526.24 +5.26 (+0.21%)VIX16.93 +0.27 (+1.62%)Gold4,237.00 +0.80 (+0.02%)Trending tickersBTC-USD Bitcoin USD 92,537.22 +2,049.16 (+2.26%)JPM JPMorgan Chase & Co. 300.51 -14.70 (-4.66%)GME GameStop Corp. 23.11 -0.24 (-1.03%)GEV GE Vernova Inc. 625.30 +3.40 (+0.55%)AFJK Aimei Health Technology Co., Ltd 88.50 +80.50 (+1,006.25%)PortfolioSign in to access your portfolioSign inTop gainersWVE Wave Life Sciences Ltd. 21.31 +2.79 (+15.06%)GLXY Galaxy Digital 29.45 +3.36 (+12.88%)PAAS Pan American Silver Corp. 48.41 +4.86 (+11.16%)NP Neptune Insurance Holdings Inc. 26.70 +2.39 (+9.83%)TFX Teleflex Incorporated 131.25 +11.43 (+9.54%)Top losersDYN Dyne Therapeutics, Inc. 18.44 -3.76 (-16.94%)SLM SLM Corporation 26.24 -4.61 (-14.96%)KTB Kontoor Brands, Inc. 67.15 -7.02 (-9.46%)AAP Advance Auto Parts, Inc. 46.31 -4.77 (-9.34%)GPK Graphic Packaging Holding Company 14.23 -1.35 (-8.66%)Most activeNVDA NVIDIA Corporation 184.97 -0.60 (-0.33%)HBI HanesBrands Inc. 6.47 0.00 (0.00%)WBD Warner Bros. 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