EE
Excelerate Energy, Inc.26.12
-0.69-2.57%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details 2027 EBITDA growth blocks
Q&A built out Excelerate's post-2026 growth story, detailing 2027 EBITDA blocks from full-year Iraq at 5x multiple, Jamaica adding $80-110M over five years, Express redeployment uplift, and Petrobangla/QE contributions. Management voiced high confidence in Express recontracting at improved terms, matching four prior wins. Iraq talk stressed post-Iran demand urgency and 500mmscf/d upside, while CapEx hikes stemmed from scope tweaks and OpEx trades. India Haldia JV signals small-scale entry. Pipeline looks stacked. Bullish tone persists on regasification boom; investors eye conversion progress and Caribbean hubs.
Key Stats
Market Cap
2.98BP/E (TTM)
18.27Basic EPS (TTM)
1.43Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Excelerate Energy closed FY2025 ended December 31, 2025 with revenues of $1,228.3 million, up sharply from $851.4 million in 2024, driven by the May Acquisition of Jamaica LNG/power assets that added $392 million in LNG, gas, and power revenues despite partial-year impact. Net income climbed to $167.0 million from $153.0 million, with Adjusted EBITDA surging 29% to $449.3 million on Jamaica ramp-up, avoided 2024 drydocks, and lower Argentina costs—Q4 momentum evident in higher Henry Hub prices aiding North America sales. Debt rose to $1,098.3 million including new $800 million 8% notes due 2030, offset by $538 million cash and $500 million revolver capacity. New Iraq terminal delivery eyed for Q2 2026. Customer nonperformance stalls regasification contracts.
8-K
Record 2025 results, 2026 guidance
Excelerate Energy posted record 2025 results, with net income up to $167.0 million and Adjusted EBITDA at $449.3 million, fueled by Jamaica acquisition contributions yet offset by higher interest and transaction costs. Bangladesh LNG deliveries kicked off in January 2026 under 15-year deals. Records smashed. Guides 2026 Adjusted EBITDA to $515-545 million amid Iraq terminal ramp-up.
10-Q
Q3 FY2025 results
Excelerate Energy doubled Q3 revenues to $391M (up 102% y/y), driven by the May 2025 Jamaica acquisition adding Montego Bay/Old Harbour LNG terminals and Clarendon power plant for $1.055B cash, recognizing $245M goodwill and $369M customer intangibles (20-year life). Operating income climbed 46% y/y to $87M while diluted EPS rose to $0.43 from $0.35, reconciling to 32.7M shares. Cash fell to $463M yet $500M revolver stands fully available; debt includes $800M 8% notes due 2030. Acquisition juices LNG/gas/power segment 466% y/y. Jamaica locks in long-term contracts. Customer concentration lingers.
8-K
Record Q3, Iraq LNG deal
Excelerate Energy posted record Q3 net income of $55.0 million and Adjusted EBITDA of $129.3 million, fueled by Jamaica margins and higher LNG sales, while signing a definitive deal for Iraq's first LNG import terminal with ~$450 million investment and 250 MMscf/d minimum offtake. It raised 2025 Adjusted EBITDA guidance to $435-450 million despite Hurricane Melissa. Growth accelerates.
10-Q
Q2 FY2025 results
Excelerate Energy's Q2 FY2025 results showed revenue climbing 11.6% y/y to $204.6M, driven by the May acquisition of Jamaica's LNG infrastructure, while terminal services dipped slightly to $148.8M from $151.0M. Operating income fell 13.0% y/y to $43.4M amid $27.7M in transaction costs, yet Adjusted EBITDA rose 20.4% y/y to $107.1M, reflecting synergies from the $1.055B all-cash deal that added $249.2M goodwill and $367.5M intangibles amortized over 20 years. Diluted EPS held at $0.15, consistent with 32.2M shares. Cash stood at $426.0M with $500M revolver availability, but total debt swelled to $963.5M including new 8% 2030 Notes. The competitive LNG regasification market poses ongoing challenges.
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