Quarterly ResultMay 6, 2026, 04:43 PM
Excelerate Energy Q1 Net Income $50M; Adjusted EBITDA $122.2M
AI Summary
Excelerate Energy reported strong first-quarter 2026 financial results with Net Income of $50.0 million and Adjusted EBITDA of $122.2 million, driven by vessel optimization and higher LNG, gas, and power margins. The company also announced a nine-month time charter agreement to deploy the FSRU Excelerate Acadia to Jordan. However, full-year 2026 Adjusted EBITDA and growth capital guidance were revised downwards due to the delayed startup of the Iraq terminal, now expected in 2027, attributed to ongoing conflict in the Middle East.
Key Highlights
- Net Income was $50.0 million for Q1 2026.
- Adjusted EBITDA was $122.2 million for Q1 2026, up from $100.4 million in Q1 2025.
- Revenues reached $433.4 million in Q1 2026, compared to $315.1 million in Q1 2025.
- Diluted EPS was $0.37 for Q1 2026.
- Declared a quarterly cash dividend of $0.08 per share, payable on June 4, 2026.
- Full-year 2026 Adjusted EBITDA guidance revised to $480 million to $510 million.
- Committed growth capital for 2026 is now expected to range between $270 million and $300 million.
- Unrestricted cash and cash equivalents stood at $540.1 million as of March 31, 2026.