diff --git a/CHANGELOG.md b/CHANGELOG.md
index e9d86a43d7..286a598c1b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,21 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
+## [v3.119.0](https://github.com/buildkite/agent/tree/v3.119.0) (2026-03-03)
+
+[Full Changelog](https://github.com/buildkite/agent/compare/v3.118.1...v3.119.0)
+
+### Added
+
+- Streaming pings [#3697](https://github.com/buildkite/agent/pull/3697) (@DrJosh9000)
+- PS-1663: log s3 credential source for visibility [#3723](https://github.com/buildkite/agent/pull/3723) (@zhming0)
+
+### Fixed
+
+- Fix false URL mismatch detection with insteadOf [#3718](https://github.com/buildkite/agent/pull/3718) (@rajatvig)
+- A-970: Skip git fetch for already-present commits during checkout [#3725](https://github.com/buildkite/agent/pull/3725) (@zhming0)
+- Fix codeowner, add one more owner [#3724](https://github.com/buildkite/agent/pull/3724) (@zhming0)
+
 ## [v3.118.1](https://github.com/buildkite/agent/tree/v3.118.1) (2026-02-25)
 [Full Changelog](https://github.com/buildkite/agent/compare/v3.118.0...v3.118.1)
 
diff --git a/version/VERSION b/version/VERSION
index 5826da02b3..3c8b5bd6de 100644
--- a/version/VERSION
+++ b/version/VERSION
@@ -1 +1 @@
-3.118.1
+3.119.0