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Excelerate Energy, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $317.57M ▼ | $28.15M ▼ | $9.13M ▼ | 2.88% ▼ | $0.29 ▼ | $108.42M ▼ |
| Q3-2025 | $391.04M ▲ | $57.41M ▲ | $13.95M ▲ | 3.57% ▲ | $0.44 ▲ | $123.84M ▲ |
| Q2-2025 | $204.56M ▼ | $49.2M ▲ | $4.73M ▼ | 2.31% ▼ | $0.15 ▼ | $79.21M ▼ |
| Q1-2025 | $315.09M ▲ | $25.03M ▼ | $48.96M ▲ | 15.54% ▲ | $0.48 ▲ | $94.51M ▲ |
| Q4-2024 | $274.57M | $46.08M | $10.93M | 3.98% | $0.45 | $83.29M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $538.23M ▲ | $4.13B ▲ | $1.9B ▲ | $682.48M ▲ |
| Q3-2025 | $462.62M ▼ | $4.1B ▲ | $1.9B ▲ | $675.69M ▲ |
| Q2-2025 | $471.37M ▼ | $4.01B ▲ | $1.86B ▲ | $664.14M ▲ |
| Q1-2025 | $663.86M ▲ | $2.92B ▲ | $985.74M ▼ | $499.2M ▲ |
| Q4-2024 | $580.99M | $2.88B | $994.71M | $487.99M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-85.84B ▼ | $83.19M ▼ | $-4.95M ▲ | $-3.51M ▲ | $74.64M ▲ | $-204.18B ▼ |
| Q3-2025 | $13.95M ▼ | $114.87M ▲ | $-51.96M ▲ | $-25.2M ▼ | $37.59M ▲ | $62.91M ▲ |
| Q2-2025 | $20.77M ▲ | $87.14M ▼ | $-1.08B ▼ | $800.7M ▲ | $-193.52M ▼ | $53.85M ▼ |
| Q1-2025 | $11.39M ▲ | $154.81M ▲ | $-44.12M ▲ | $-27.65M ▲ | $83.11M ▲ | $110.69M ▲ |
| Q4-2024 | $10.93M | $49.62M | $-63.55M | $-57.99M | $-71.94M | $-13.93M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
FSRU And Terminal Services | $310.00M ▲ | $150.00M ▼ | $0 ▼ | $0 ▲ |
Gas sales Member | $150.00M ▲ | $170.00M ▲ | $0 ▼ | $0 ▲ |
Terminal Services | $0 ▲ | $0 ▲ | $150.00M ▲ | $150.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Asia Pacific | $120.00M ▲ | $120.00M ▲ | $30.00M ▼ | $120.00M ▲ |
Europe | $30.00M ▲ | $70.00M ▲ | $30.00M ▼ | $30.00M ▲ |
Latin America | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ |
Middle East | $40.00M ▲ | $40.00M ▲ | $40.00M ▲ | $40.00M ▲ |
North America | $0 ▲ | $0 ▲ | $60.00M ▲ | $-160.00M ▼ |
Other | $30.00M ▲ | $30.00M ▲ | $0 ▼ | $0 ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Excelerate Energy, Inc.'s financial evolution and strategic trajectory over the past five years.
Excelerate combines strong profitability and cash generation with a conservative balance sheet and ample liquidity. It holds a leading niche position in floating LNG with deep operational experience, long‑term contracts, and an increasingly integrated LNG‑to‑power offering. The business model benefits from visible, contracted revenues and significant technical and execution know‑how, while its financial position provides flexibility to pursue growth projects without over‑reliance on debt.
Key risks include heavy capital and acquisition spending that must be executed well to justify the investment, along with sizeable goodwill and intangible assets that could be vulnerable to impairment if projects underperform. The company is also exposed to regulatory and political risk in emerging markets, competition from other LNG and infrastructure providers, and long‑term uncertainty around the role of natural gas in the global energy transition. Limited historical financial data in this snapshot and missing cost and R&D detail add to analytical uncertainty.
The outlook appears cautiously constructive: Excelerate is positioned to benefit from countries seeking flexible gas import solutions and from continued demand for LNG as a transition fuel. Its strong financial footing and established track record support the ability to take on new projects and deepen integration along the LNG value chain. Over time, performance will hinge on disciplined capital allocation, successful project execution, adaptation to evolving environmental standards, and how quickly global energy systems shift toward lower‑carbon alternatives.
About Excelerate Energy, Inc.
https://www.excelerateenergy.comExcelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $317.57M ▼ | $28.15M ▼ | $9.13M ▼ | 2.88% ▼ | $0.29 ▼ | $108.42M ▼ |
| Q3-2025 | $391.04M ▲ | $57.41M ▲ | $13.95M ▲ | 3.57% ▲ | $0.44 ▲ | $123.84M ▲ |
| Q2-2025 | $204.56M ▼ | $49.2M ▲ | $4.73M ▼ | 2.31% ▼ | $0.15 ▼ | $79.21M ▼ |
| Q1-2025 | $315.09M ▲ | $25.03M ▼ | $48.96M ▲ | 15.54% ▲ | $0.48 ▲ | $94.51M ▲ |
| Q4-2024 | $274.57M | $46.08M | $10.93M | 3.98% | $0.45 | $83.29M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $538.23M ▲ | $4.13B ▲ | $1.9B ▲ | $682.48M ▲ |
| Q3-2025 | $462.62M ▼ | $4.1B ▲ | $1.9B ▲ | $675.69M ▲ |
| Q2-2025 | $471.37M ▼ | $4.01B ▲ | $1.86B ▲ | $664.14M ▲ |
| Q1-2025 | $663.86M ▲ | $2.92B ▲ | $985.74M ▼ | $499.2M ▲ |
| Q4-2024 | $580.99M | $2.88B | $994.71M | $487.99M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-85.84B ▼ | $83.19M ▼ | $-4.95M ▲ | $-3.51M ▲ | $74.64M ▲ | $-204.18B ▼ |
| Q3-2025 | $13.95M ▼ | $114.87M ▲ | $-51.96M ▲ | $-25.2M ▼ | $37.59M ▲ | $62.91M ▲ |
| Q2-2025 | $20.77M ▲ | $87.14M ▼ | $-1.08B ▼ | $800.7M ▲ | $-193.52M ▼ | $53.85M ▼ |
| Q1-2025 | $11.39M ▲ | $154.81M ▲ | $-44.12M ▲ | $-27.65M ▲ | $83.11M ▲ | $110.69M ▲ |
| Q4-2024 | $10.93M | $49.62M | $-63.55M | $-57.99M | $-71.94M | $-13.93M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
FSRU And Terminal Services | $310.00M ▲ | $150.00M ▼ | $0 ▼ | $0 ▲ |
Gas sales Member | $150.00M ▲ | $170.00M ▲ | $0 ▼ | $0 ▲ |
Terminal Services | $0 ▲ | $0 ▲ | $150.00M ▲ | $150.00M ▲ |
Revenue by Geography
| Region | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Asia Pacific | $120.00M ▲ | $120.00M ▲ | $30.00M ▼ | $120.00M ▲ |
Europe | $30.00M ▲ | $70.00M ▲ | $30.00M ▼ | $30.00M ▲ |
Latin America | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ | $50.00M ▲ |
Middle East | $40.00M ▲ | $40.00M ▲ | $40.00M ▲ | $40.00M ▲ |
North America | $0 ▲ | $0 ▲ | $60.00M ▲ | $-160.00M ▼ |
Other | $30.00M ▲ | $30.00M ▲ | $0 ▼ | $0 ▲ |
Q4 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Excelerate Energy, Inc.'s financial evolution and strategic trajectory over the past five years.
Excelerate combines strong profitability and cash generation with a conservative balance sheet and ample liquidity. It holds a leading niche position in floating LNG with deep operational experience, long‑term contracts, and an increasingly integrated LNG‑to‑power offering. The business model benefits from visible, contracted revenues and significant technical and execution know‑how, while its financial position provides flexibility to pursue growth projects without over‑reliance on debt.
Key risks include heavy capital and acquisition spending that must be executed well to justify the investment, along with sizeable goodwill and intangible assets that could be vulnerable to impairment if projects underperform. The company is also exposed to regulatory and political risk in emerging markets, competition from other LNG and infrastructure providers, and long‑term uncertainty around the role of natural gas in the global energy transition. Limited historical financial data in this snapshot and missing cost and R&D detail add to analytical uncertainty.
The outlook appears cautiously constructive: Excelerate is positioned to benefit from countries seeking flexible gas import solutions and from continued demand for LNG as a transition fuel. Its strong financial footing and established track record support the ability to take on new projects and deepen integration along the LNG value chain. Over time, performance will hinge on disciplined capital allocation, successful project execution, adaptation to evolving environmental standards, and how quickly global energy systems shift toward lower‑carbon alternatives.

CEO
Steven M. Kobos
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1996-01-10 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Showing Top 3 of 123
Ratings Snapshot
Rating : A-
Most Recent Analyst Grades
Wells Fargo
Equal Weight
Morgan Stanley
Equal Weight
Jefferies
Buy
Raymond James
Strong Buy
Stephens & Co.
Overweight
Grade Summary
Showing Top 5 of 5
Price Target
Institutional Ownership
GEORGE KAISER FAMILY FOUNDATION
Shares:7.85M
Value:$316.13M
WELLINGTON MANAGEMENT GROUP LLP
Shares:3.61M
Value:$145.19M
VANGUARD GROUP INC
Shares:2.41M
Value:$96.81M
Summary
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