Vonage (VG) Misses Q3 EPS by 37c ; Provides Outlook

Vonage (NYSE: VG) reported Q3 EPS of $0.16, $0.37 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $3.3 million, versus $0 reported last year.

Updated 2025 Outlook

Our updated guidance for 2025 is as follows:

Consolidated Adjusted EBITDA1 guidance for the full year 2025 is being reduced and tightened from $6.40 billion - $6.80 billion to $6.35 billion - $6.50 billion. The reduction accounts for a lower assumed fixed liquefaction fee on the remaining unsold cargos and the impact of reserves taken relative to ongoing arbitrations.

As noted last quarter, changes in natural gas prices, both domestic and international, could impact Consolidated Adjusted EBITDA guidance. The spread between domestic and international prices for gas and LNG is largely unchanged since last quarter. Consequently, we assume a fixed liquefaction fee range of $4.50/MMBtu - $5.50/MMBtu for our remaining unsold cargos in 2025 in support of our reiterated guidance, reflecting market forward prices and recently executed cargo sales.
+/- $1.00/MMBtu change in fixed liquefaction fees will impact our full year 2025 Consolidated Adjusted EBITDA by $50 million - $60 million, as opposed to $230 million - $240 million previously.

We now expect to export 148 cargos from the Calcasieu Project and 234 - 238 cargos from the Plaquemines Project in 2025, inclusive of the 108 and 144 cargos we exported from the Calcasieu Project and the Plaquemines Project, respectively, in the nine months ended September 30, 2025.

For earnings history and earnings-related data on Vonage (VG) click here.

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