Jonathan Thayer
CFO at Venture Global
This decrease in revenue year over year was driven by one, lower weighted average fixed liquefaction fees of $7.28 per MMBTU versus $12.23 per MMBTU and lower natural gas commodity fees of $2.61 per MMBTU versus $3.2 per MMBtu, resulting in a decrease of $2,800,000,000 And two, lower LNG sales volumes of five zero one TBtu versus five ten TBtu resulting in an additional decrease of $139,000,000 Our net income attributable to common stockholders was $871,000,000 for the fourth quarter of twenty twenty four and $1,500,000,000 for the full year, a $921,000,000 increase and a $1,200,000,000 decrease from a loss of $50,000,000 and net income of $2,700,000,000 during the fourth quarter and full year of 2023, respectively. These shifts were driven by the stabilization of international LNG prices, resulting in lower total margin for LNG sold and higher cost to remediate and commission the CapEx II project, personnel expenses reflecting higher headcounts and costs to develop the CP2 project. These declines were partially offset by the reduction of third party ownership interest in a consolidated subsidiary in 2023, favorable changes in the fair value of our interest rates swaps and lower income tax expense. Shifting to consolidated adjusted EBITDA, we realized six eighty eight million dollars during the fourth quarter of twenty twenty four and $2,100,000,000 for the full year, a $125,000,000 and $3,100,000,000 decrease or a 1559% decline respectively from August from $5,200,000,000 during the equivalent periods 2023.