The guidance cut and net income decline overshadow the strong revenue beat. Monitor Q2 conference call for updates on Iraq project resumption and Jordan contract ramp. The force majeure on Qatar supply adds uncertainty to Bangladesh deliveries.
Price Chart
Executive Summary
Excelerate Energy reported Q1 2026 revenue of $433.4M (+37.5% YoY, +23% vs consensus), but EPS of $0.37 missed the $0.39 consensus (-5%). Full-year 2026 Adjusted EBITDA guidance was lowered to $480-$510M from $515-$545M due to the delayed Iraq LNG terminal startup, partially offset by a new Jordan charter. Net income fell 4% YoY to $50.0M.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $433.4M vs consensus $351.7M (+23% beat)
- GAAP diluted EPS $0.37 vs consensus $0.39 (-5% miss)
- Net income $50.0M vs $52.1M YoY decline (-4%)
- Full-year 2026 Adjusted EBITDA guidance lowered to $480-$510M from $515-$545M
- Iraq LNG terminal delayed to 2027 due to Middle East conflict; force majeure on QatarEnergy LNG supply
- Secured nine-month time charter with Jordan's NEPCO for FSRU Excelerate Acadia
- Quarterly dividend unchanged at $0.08/share
Financial Impact
Guidance reduction implies ~$35M lower EBITDA midpoint; Iraq delay defers ~$200M+ committed growth capital spend
Risk Factors
- Further escalation of Middle East conflict delaying Iraq terminal beyond 2027
- Force majeure on Qatar LNG supply may persist, impacting Bangladesh contracts
- Execution risk on Jordan charter deployment and profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-209187 |
| Document: ee-20260506.htm | 0001193125-26-209187 |
| Document: 0001193125-26-209187-index-headers.html | 0001193125-26-209187 |
| Document: 0001193125-26-209187-index.html | 0001193125-26-209187 |
| Document: 0001193125-26-209187.txt | 0001193125-26-209187 |
| 8-K Data (Synthetic) | 0001193125-26-209187 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | SC 13G | $34.99 | awaiting T+60 | — | $33.22 (−5.04%) |
May 6, 2026 24w ago | 8-K | $33.06 $39.03 | ▼ −18.06% | ▼ −14.22% | $33.22 (−0.50%) |
Apr 16, 2026 27w ago | DEFA14A | $34.90 $38.73 | ▲ +10.97% | ▲ +4.83% | $33.22 (−4.80%) |
Feb 25, 2026 34w ago | 8-K | $39.43 $35.29 | ▼ −10.50% | ▼ −18.25% | $33.22 (−15.74%) |
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