How did VG's revenue and expenses shift in Q4 2024?

Venture Global (VG) experienced a significant shift in its revenue and expenses in Q4 2024, with the liquefied natural gas (LNG) revenue taking a substantial lead over other business segments.

1. **Revenue Shift**:
- The total revenue for VG in Q4 2024 was $4.95 billion, with $3.43 billion coming from liquefied natural gas revenue. This indicates a strong contribution from the core LNG business, which accounted for approximately 69% of the total revenue.
- The remaining revenue was generated from other sources, totaling $25 million and $17 million from two other business segments. This suggests that while the core LNG business is dominant, there is also some diversification in revenue streams.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|VG|VG.N|Venture Global|20240101-2024|Other Revenue|2.5E7|169|
|VG|VG.N|Venture Global|20240101-2024|Other Revenue|1.7E7|169|

2. **Expense Shift**:
- The expenses for VG in Q4 2024 were not provided in the same detailed breakdown as the revenue. However, it is clear that the LNG revenue segment had the highest revenue, which implies that it was also a significant contributor to the total expenses.
- The presence of other revenue segments with expenses of $25 million and $17 million indicates that while the LNG segment is the primary revenue generator, other areas of the business contribute to the overall expense picture, albeit to a lesser extent.

In conclusion, Q4 2024 saw a strong performance from Venture Global's core LNG business, which not only dominated the revenue but also likely played a central role in the overall expenses. The company's diversification into other revenue streams, although smaller in scale, provides a degree of risk management and potential for growth beyond the LNG sector.