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Excelerate Energy (EE) investor relations material
Excelerate Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 2025 results with Adjusted EBITDA of $129.3 million and net income of $55 million, driven by the Jamaica acquisition and higher LNG, gas, and power sales.
Executed a definitive agreement for Iraq's first LNG import terminal, expanding the global infrastructure footprint.
Continued successful integration and optimization of the Jamaica LNG & power platform, with rapid recovery after Hurricane Melissa and minimal financial impact due to insurance and take-or-pay contracts.
Revenue for Q3 2025 was $391.0 million, up 102% year-over-year, reflecting the impact of the Jamaica acquisition.
Acquisition of New Fortress Energy Inc.'s Jamaica business for $1.055 billion in May 2025 expanded the asset base and long-term contracted revenue.
Financial highlights
Q3 2025 Adjusted EBITDA was $129.3 million, up from $107.1 million in Q2 2025 and $92.3 million in Q3 2024.
Q3 2025 net income was $55.0 million, up from $20.8 million in Q2 2025 and $45.5 million in Q3 2024.
Q3 2025 total revenues: $391.0 million (Q3 2024: $193.4 million); nine months ended September 30, 2025: $910.7 million (2024: $576.9 million).
Declared a quarterly dividend of $0.08 per share, payable December 4, 2025.
Cash and cash equivalents as of September 30, 2025: $462.6 million; net debt at $818 million.
Outlook and guidance
Raised full-year 2025 Adjusted EBITDA guidance to $435–$450 million, reflecting strong Q3 and limited hurricane impact.
Maintenance capex for 2025 expected at $65–$75 million; committed growth capital at $95–$105 million.
Over 90% of total cash flows expected from take-or-pay contracts, with a weighted average contract life of 10 years.
2026 earnings to benefit from new Petrobangla-QatarEnergy contract and full-year Jamaica contribution.
A new floating regasification terminal is under construction, expected online in 2026.
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