The combination of record results, strong 2026 guidance, and strategic expansion into Bangladesh and Iraq suggests sustained growth. Traders should monitor the Iraq terminal's Q3 2026 commercial operations commencement as a potential catalyst.
Price Chart
Executive Summary
Excelerate Energy reported record full-year 2025 results with $1.228 billion in revenue and $167 million in net income, driven by the Jamaica acquisition and LNG sales. The company provided 2026 guidance with Adjusted EBITDA expected between $515 million and $545 million, signaling continued growth. New commercial developments in Bangladesh and Iraq enhance its global LNG platform.
Key Financial Metrics
Key Facts
- Record full-year 2025 revenue of $1.228 billion (up from $851.4 million in 2024)
- Full-year 2025 net income of $167 million and Adjusted EBITDA of $449.3 million
- 2026 Adjusted EBITDA guidance of $515-$545 million, representing 14-21% YoY growth
- Commenced LNG deliveries to Bangladesh under 15-year agreements with QatarEnergy and Petrobangla
- New FSRU Hull 3407 nearing delivery for deployment at Iraq's first LNG import terminal
Financial Impact
Revenue grew 44% YoY to $1.228B, with 2026 EBITDA guidance indicating 14-21% growth. Company holds $538.2M in cash with no borrowings on $500M credit facility.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Terminal services | $596.6M | -2.5% |
| LNG, gas and power | $631.6M | +165.8% |
Risk Factors
- Execution risks on new projects in Bangladesh and Iraq
- Commodity price volatility affecting LNG margins
- Higher interest expense from 2030 Notes impacting net income
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-071670 |
| Document: ee-20260225.htm | 0001193125-26-071670 |
| Document: 0001193125-26-071670-index-headers.html | 0001193125-26-071670 |
| Document: 0001193125-26-071670-index.html | 0001193125-26-071670 |
| Document: 0001193125-26-071670.txt | 0001193125-26-071670 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | SC 13G | $34.99 | awaiting T+60 | — | $32.51 (−7.09%) |
May 6, 2026 24w ago | 8-K | $33.06 $39.03 | ▼ −18.06% | ▼ −14.22% | $32.51 (+1.66%) |
Apr 16, 2026 27w ago | DEFA14A | $34.90 $38.73 | ▲ +10.97% | ▲ +4.83% | $32.51 (−6.85%) |
Feb 25, 2026 34w ago | 8-K | $39.43 $35.29 | ▼ −10.50% | ▼ −18.25% | $32.51 (−17.55%) |
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