Earnings Releases·Nov 4, 2026, 4:48 PM ET

Excelerate Energy — Third Quarter 2026 Earnings Summary

Q3 2026 revenue declined to $297.2 million from $329.3 million in Q2 2026 and $391.0 million in Q3 2025, while net income rose to $60.0 million from $50.1 million and $55.0 million respectively; Adjusted EBITDA increased to $133.5 million from $120.1 million and $129.3 million, and diluted EPS reached $0.44 versus $0.37 and $0.43 in prior periods.
Full-year 2026 Adjusted EBITDA guidance was revised upward to $495 million–$515 million, with maintenance capex guidance lowered to $65 million–$75 million and committed growth capex raised to $400 million–$410 million to reflect FSRU conversion timing.
Secured significant long-term contracts including an 11-year LNG supply deal with AxDo Bahamas, a five-year extension with Petrobras for FSRU Sequoia through 2038, and definitive agreements for new LNG import terminals in Iraq (targeting Q2 2027 startup) and Colombia (Q1 2027).
Executed strategic capital returns and acquisitions, including $38.1 million in stock repurchases over nine months, a $0.09 quarterly dividend declaration, and the July 2026 acquisition of the LNG carrier Methane Patricia Camila for the first FSRU conversion project.
Maintained strong liquidity with $356.7 million in unrestricted cash and a fully available $500 million revolving credit facility, while total liabilities decreased to $1.86 billion from $1.90 billion at year-end 2025.