| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 433.44 | 37.6% |
| Total Income | 433.44 | 37.6% |
| Expenditure | 351.47 | 40.9% |
| PBT | 59.44 | 2.2% |
| Net Profit | 12.32 | 8.2% |
| OPM | 18.91% | 1.95pp |
| NPM | 2.84% | 0.77pp |
| EPS | 0.38 | 20.8% |
Excelerate Energy Reports Q1 2026 Results
07 May 2026 · 7 May, 2:13 am
Summary
Excelerate Energy reported strong financial results for the first quarter of 2026, with net income of $50.0 million and adjusted EBITDA of $122.2 million. The company's global footprint and contracted asset portfolio contributed to consistent operations. Due to the conflict in the Middle East, the startup of the Iraq terminal has been delayed, but this is partially mitigated by the deployment of the Excelerate Acadia to Jordan. The company has revised its full-year 2026 Adjusted EBITDA guidance to $480 million - $510 million.
Key Highlights
- 1
Excelerate Energy reported net income of $50.0 million for the first quarter of 2026.
- 2
Adjusted EBITDA for the first quarter was reported as $122.2 million.
- 3
The company executed a nine-month time charter party agreement with Jordan's National Electric Power Company to deploy the FSRU Excelerate Acadia.
- 4
A quarterly cash dividend of $0.08 per share was declared, payable on June 4, 2026.
- 5
First quarter revenues totaled $433.4 million compared to $315.1 million for the three months ended March 31, 2025.
- 6
The company revised its full-year 2026 Adjusted EBITDA guidance to range between $480 million and $510 million.
Management Comments
Steven Kobos
"Excelerate delivered strong financial and operational results in the first quarter, demonstrating the strength of our contracted asset portfolio and the consistency of our operations around the world. Our global footprint provides revenue and earnings diversification, and it is a core reason we are able to perform across market cycles." Kobos continued, "Approximately 200 million tonnes of new LNG supply are expected to come online by the end of the decade, and the push for greater supply diversification is accelerating. The need for regasification infrastructure is growing. Our position as a leading global provider, combined with the strength of our balance sheet, positions us to meet that need. We are revising our full-year guidance to reflect the delayed startup of our Iraq terminal due to the ongoing conflict in the Middle East, mitigated in part by the expected interim deployment of the Excelerate Acadia to Jordan. The Iraq project fundamentals remain unchanged. Looking ahead, we continue to have confidence in our sequenced earnings growth through 2028."
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