Excelerate Energy projects strong Q1 performance

THE WOODLANDS, Texas - Excelerate Energy Inc. (NYSE: EE), a U.S.-based liquefied natural gas (LNG) company, has announced its preliminary financial results for the first quarter ended March 31, 2025, with income before taxes expected to range between $52 million and $59 million. The company also anticipates its Adjusted EBITDA to be within $96 million to $101 million for the same period. According to InvestingPro data, the company maintains strong profitability metrics with a gross profit margin of 48% and has received upward earnings revisions from two analysts for the upcoming period.

As of March 31, 2025, Excelerate’s cash and cash equivalents are projected to be between $600 million and $620 million. This figure excludes approximately $175.5 million in net proceeds from the company’s public offering of Class A common stock on April 2, 2025. Additionally, the entire $350 million of the Revolving Credit Facility remained undrawn and available as of the end of the first quarter.

Dana Armstrong, Executive Vice President and CFO of Excelerate, expressed confidence in the company’s earnings results, attributing the strong performance to effective strategy execution and diligent cost management. Armstrong also highlighted the recent acquisition of an integrated LNG and power platform in Jamaica, which is expected to broaden Excelerate’s global presence and contribute positively to future earnings and operating cash flow.

The company’s use of Adjusted EBITDA, a non-GAAP financial measure, is intended to supplement GAAP financial information and provide a more focused view of operating performance. Adjusted EBITDA excludes items such as interest expense, income taxes, depreciation and amortization, accretion, non-cash long-term incentive compensation expense, and certain non-recurring expenses.

Excelerate Energy emphasizes that the preliminary financial results are based on management’s current information and that actual results may differ materially upon completion of the financial close process and tax accounting procedures.

The company’s forward-looking statements, including expectations regarding the financial results and the recent acquisition in Jamaica, involve risks and uncertainties, and actual outcomes may vary.

Excelerate Energy, headquartered in The Woodlands, Texas, operates along the LNG value chain, offering integrated services to deliver rapid-to-market and reliable LNG solutions to customers worldwide. With a market capitalization of $3 billion and an overall "GOOD" financial health rating from InvestingPro, the company has demonstrated strong performance with a 65% return over the past year. Investors seeking detailed analysis can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers, which provides in-depth insights into the company’s performance metrics and growth potential.

This news article is based on a press release statement from Excelerate Energy, Inc.

In other recent news, Excelerate Energy announced an upsized public offering of its Class A common stock, increasing from $150 million to approximately $184.3 million. The proceeds, along with $650 million in senior debt and cash on hand, are earmarked for acquiring New Fortress Energy’s Jamaican business for $1.055 billion, with the deal expected to close in the second quarter of 2025. This acquisition includes significant energy infrastructure assets in Jamaica, which New Fortress Energy has developed since 2016. The sale will help New Fortress Energy optimize its asset portfolio and reduce corporate debt, as noted by Chairman and CEO Wes Edens. Excelerate Energy’s President and CEO, Steven Kobos, highlighted the strategic importance of expanding and diversifying the company’s global market presence. In another development, Excelerate Energy has signed a Memorandum of Understanding with PV Gas to supply LNG to Vietnam from 2026, aiming to meet the country’s growing energy demands. Additionally, Morgan Stanley has adjusted its price target for Excelerate Energy to $28, citing a modest increase in net debt and capital expenditures despite positive earnings reports. The firm’s EBITDA surpassed consensus estimates by 10%, and the company provided guidance for 2025 EBITDA that aligns with expectations.

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