Venture Global (VG) has expanded its LNG sales agreement with Atlantic-SEE to 1.0 MTPA, adding to a growing book of long-term offtake contracts that have underpinned the company's explosive revenue growth — reported at $13.8B, up 176.9% YoY. With a 19.8% net margin and $0.86 diluted EPS, the financials suggest the ramp-up phase is yielding real profitability, and additional contracted volumes reduce the price-risk exposure on future LNG output. The critical watch is whether VG's project execution — specifically CP2 LNG and ongoing Plaquemines ramp — stays on schedule, since contracted MTPA only converts to revenue when capacity is actually delivered. Any slippage on construction timelines or cost overruns would undercut the bullish case despite an expanding contract book.