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Excelerate Energy, Inc.

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Excelerate Energy, Inc. • NYSE
$28.08 ▲ 1.92% (+0.53)
Market Cap $3.25 B
52w High $32.99
52w Low $21.29
Dividend Yield 0.28%
P/E 19.64
Volume 195.48K
Outstanding Shares 32.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $391.044M ▲ $57.414M ▲ $13.952M ▲ 3.568% ▲ $0.44 ▲ $123.843M ▲
Q2-2025 $204.556M ▼ $49.202M ▲ $4.729M ▼ 2.312% ▼ $0.15 ▼ $79.212M ▼
Q1-2025 $315.09M ▲ $25.034M ▼ $48.96M ▲ 15.538% ▲ $0.48 ▲ $94.512M ▲
Q4-2024 $274.572M ▲ $46.075M ▼ $10.927M ▲ 3.98% ▼ $0.45 ▲ $83.286M ▲
Q3-2024 $193.419M $46.85M $8.955M 4.63% $0.36 $83.236M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $462.618M ▼ $4.097B ▲ $1.902B ▲ $675.686M ▲
Q2-2025 $471.365M ▼ $4.01B ▲ $1.861B ▲ $664.14M ▲
Q1-2025 $663.862M ▲ $2.917B ▲ $985.738M ▼ $499.202M ▲
Q4-2024 $580.993M ▼ $2.883B ▲ $994.714M ▲ $487.986M ▼
Q3-2024 $651.063M $2.864B $981.736M $502.185M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.952M ▼ $114.872M ▲ $-51.964M ▲ $-25.2M ▼ $37.59M ▲ $62.908M ▲
Q2-2025 $20.765M ▲ $87.14M ▼ $-1.081B ▼ $800.696M ▲ $-193.524M ▼ $53.855M ▼
Q1-2025 $11.387M ▲ $154.809M ▲ $-44.123M ▲ $-27.648M ▲ $83.11M ▲ $110.686M ▲
Q4-2024 $10.927M ▼ $49.619M ▲ $-63.551M ▼ $-57.993M ▼ $-71.938M ▼ $-13.932M ▼
Q3-2024 $45.546M $39.778M $-11.438M $-27.949M $343K $28.34M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Terminal Services
Terminal Services
 $0 ▲$0 ▲$150.00M ▲$150.00M ▲
FSRU And Terminal Services
FSRU And Terminal Services
 $310.00M ▲$150.00M ▼$0 ▼$0 ▲
Gas sales Member
Gas sales Member
 $150.00M ▲$170.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been quite up‑and‑down, with a big step-up earlier in the period followed by declines in the last two years. Despite this, the core profitability of the business looks reasonably healthy: gross, operating, and EBITDA margins have stayed fairly stable, which suggests the underlying service model is solid. Net income has remained positive but relatively modest compared with revenue, and earnings per share spiked the year of the IPO and then settled at a lower, more normal level. Overall, the picture is of a niche infrastructure business with decent underlying profitability but no clear, consistent growth trend yet at the top line.

Balance Sheet

Balance Sheet The balance sheet shows a company that has strengthened its footing over time. Total assets have inched up and remained stable, reflecting a durable base of infrastructure. Cash levels are comfortably high relative to earlier years, giving the firm good liquidity and flexibility. Debt has been trending down, which reduces financial risk and interest burden. Equity is stable in recent years, even though it was higher before the current capital structure, which likely reflects IPO-related changes. Altogether, the company looks reasonably well-capitalized with improving leverage and a solid asset base.

Cash Flow

Cash Flow Cash generation from operations has been steady and gradually improving, which is important for an infrastructure-heavy business. Free cash flow is generally positive, with the main dip tied to a year of heavier investment spending rather than a collapse in operating performance. Capital spending is clearly lumpy: some years are investment-heavy, others more restrained. The key takeaway is that the business has mostly been able to fund itself from its own cash flows while still investing in new assets, which supports long-term sustainability as long as project returns remain sound.

Competitive Edge

Competitive Edge Excelerate occupies a specialized niche in floating LNG import solutions, where it benefits from being an early mover and from having one of the largest fleets of floating storage and regasification units. Its long-term, fixed-fee contracts help smooth out revenue swings from commodity price volatility, and its global footprint spreads risk across many countries. The integrated “LNG-to-power” model, which combines supply, terminal infrastructure, and sometimes power generation, differentiates it from more narrowly focused competitors. Key risks to this position include competition from new entrants, contract renewals, geopolitical exposure in emerging markets, and the broader energy transition, which may influence how long LNG remains a favored bridge fuel.

Innovation and R&D

Innovation and R&D Innovation here is less about lab research and more about engineering, project design, and operational know-how. Excelerate’s early work in floating storage and regasification technology, and its extensive experience in ship-to-ship LNG transfers, give it a practical edge that is hard to replicate quickly. The company is upgrading its fleet with more efficient and lower-emission systems, investing in new vessels, and expanding downstream into integrated LNG and power platforms, as seen in Jamaica. Future innovation seems focused on cleaner operations, faster deployment, and deeper integration into customers’ energy systems. The main uncertainty is how durable these advantages remain as rivals adopt similar technologies and as policy and market shifts push toward lower-carbon solutions.

Summary

Excelerate Energy combines a specialized LNG infrastructure model with reasonably steady margins and improving balance-sheet strength, but with revenue that has not grown in a straight line. The business benefits from long-term contracts, global diversification, and a strong technical and operational track record in floating LNG solutions. Cash flows are generally solid and supportive of continued investment, and leverage has been moving in the right direction. On the strategic side, the company appears well-positioned within its niche and is actively modernizing its fleet and expanding downstream, though it operates in a sector exposed to geopolitical, regulatory, and energy-transition risks. Future performance will likely hinge on its ability to secure and execute new projects, maintain contract stability, and adapt its LNG-focused model to a world gradually shifting toward lower-carbon energy sources.

NEWS

November 5, 2025 · 4:15 PM UTC

Excelerate Energy Delivers Record Quarterly Results in Q3, Raises Full-Year 2025 Outlook

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November 5, 2025 · 6:00 AM UTC

Excelerate Energy Mobilizes Over One Million USD to Support Jamaica's Relief and Recovery Following Hurricane Melissa

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October 30, 2025 · 4:00 PM UTC

Excelerate Energy Announces Quarterly Cash Dividend

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October 28, 2025 · 6:00 AM UTC

Excelerate Energy Signs Definitive Agreement for Fully Integrated Floating LNG Import Terminal in Iraq

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October 7, 2025 · 4:30 PM UTC

Excelerate Energy Announces Third Quarter 2025 Earnings Conference Call Date

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