Quarterly ResultMay 7, 2026, 04:46 PM
Excelerate Energy Q1 Revenue +37.6% to $433.4M; Basic EPS $0.38
AI Summary
Excelerate Energy reported a significant increase in total revenues for the first quarter of 2026, rising 37.6% to $433.4 million. However, net income decreased by 4.1% to $49.9 million, and basic earnings per share fell to $0.38 from $0.48 in the prior year. Net cash provided by operating activities also saw a substantial decline. The company also noted the delivery of its new floating regasification terminal, Excelerate Acadia, in Q2 2026.
Key Highlights
- Total revenues increased 37.6% to $433.4 million for Q1 2026.
- LNG, gas and power revenues rose to $275.2 million from $166.7 million.
- Net income decreased 4.1% to $49.9 million in Q1 2026.
- Basic earnings per share was $0.38, down from $0.48 in Q1 2025.
- Net income attributable to shareholders increased 8.2% to $12.3 million.
- Net cash from operating activities decreased to $60.0 million from $154.8 million.
- Repurchased Class A Common Stock worth $4.5 million in Q1 2026.
- Declared Class A dividends of $0.08 per share for Q1 2026.
Price Impact
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