Quarterly ResultAug 5, 2026, 04:38 PM
Excelerate Energy Q2 Net Income $50.1M; Raises 2026 EBITDA Guidance
AI Summary
Excelerate Energy, Inc. reported strong financial results for the second quarter ended June 30, 2026, with Net Income reaching $50.1 million and Adjusted EBITDA at $120.1 million, both significantly higher year-over-year. The company also announced a 13% increase in its quarterly cash dividend to $0.09 per share. Strategically, Excelerate secured a seven-year agreement to redeploy its FSRU Express to Colombia and is advancing its first FSRU conversion project with the acquisition of the Methane Patricia Camila. Furthermore, the company raised its full-year 2026 Adjusted EBITDA guidance to a range of $490 million to $515 million, reflecting confidence in its operational performance and project pipeline.
Key Highlights
- Reported Net Income of $50.1 million for Q2 2026, up from $20.8 million YoY.
- Reported Adjusted EBITDA of $120.1 million for Q2 2026, up from $107.1 million YoY.
- Diluted Earnings Per Share was $0.37 for Q2 2026, up from $0.15 YoY.
- Declared a quarterly cash dividend of $0.09 per share, a 13% increase.
- Executed a 7-year agreement to redeploy FSRU Express to Colombia by Q1 2027.
- Agreed to acquire LNG carrier Methane Patricia Camila for first FSRU conversion, targeting early 2028 deployment.
- Raised full-year 2026 Adjusted EBITDA guidance to $490 million - $515 million.
- Iraq LNG import terminal project continues to advance, targeting early Q2 2027 operations.
Price Impact
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