Vonage (NYSE: VG) reported Q1 EPS of $0.15, $0.32 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $2.9 million.

Updated 2025 Outlook

Our updated guidance for 2025 is as follows:

Consolidated Adjusted EBITDA(1) guidance for the full year 2025 has been updated to $6.4 billion - $6.8 billion.

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 have compressed since last quarter. We currently assume a fixed liquefaction fee range of $6.00/MMBtu - $7.00/MMBtu for our remaining unsold cargos in 2025 in support of our updated guidance, reflecting market forward prices and recently executed cargo sales.
+/- $1.00/MMBtu change in fixed liquefaction fees will now impact our full year 2025 Consolidated Adjusted EBITDA by $460 - $480 million, as opposed to $625 - $675 million previously.

We now expect to export 145-150 cargos from the Calcasieu Project and 222-239 cargos from the Plaquemines Project in 2025, inclusive of the 34 and 29 cargos we exported from the Calcasieu Project and the Plaquemines Project, respectively, in the three months ended March 31, 2025.

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