Excelerate Energy(NYSE) EE

Excelerate Energy, Inc. helps countries get natural gas using ships. This fuel provides power for homes and businesses. The company operates floating terminals that deliver energy worldwide.

From Liquid to Light

• LNG, Gas, and Power: Sourcing, transporting, and selling energy products to global customers; generated $168.8 million in revenue for the three months ended June 30, 2026.
• Terminal Services: Operating floating infrastructure that converts liquefied gas into its gaseous form; generated $160.5 million in revenue for the three months ended June 30, 2026.
• FSRU Operations: Managing specialized vessels that store and process liquefied natural gas at sea.
• Technical Support: Providing engineering and maintenance services for regasification assets across international markets.

Strategic Steps and New Markets

• Acquired the Jamaica business of New Fortress Energy in May 2025 to expand operations in the Caribbean.
• Signed a five-year agreement in Oct. 2025 to develop the first liquefied natural gas import terminal in Iraq.
• Executed a seven-year contract in June 2026 to deploy a vessel to a new import terminal in Colombia.
• Purchased the Methane Patricia Camila vessel in July 2026 to convert it for future regasification use.
• Approved a program in Dec. 2025 to buy back up to $75.0 million of the company's common stock.

How Excelerate Energy Delivers

The company maintains a regional presence in 15 countries and is the largest provider of regasified natural gas capacity in Argentina, Bangladesh, Finland, Jamaica, and the UAE. It has completed over 4,000 ship-to-ship fuel transfers since it began operations using a fleet of 12 floating regasification terminals.

Operations rely on long-term, take-or-pay agreements that ensure steady revenue by requiring customers to pay even if they do not use the full service. This structure provides consistent cash flow from a customer base that includes government entities and major utilities.

Performance by the Numbers

• Total revenue reached $329.3 million for the three months ended June 30, 2026, up $124.7 million year over year.
• Net income was $50.1 million for the three months ended June 30, 2026, an increase of $29.3 million from the prior-year period.
• Adjusted EBITDA rose to $120.1 million for the three months ended June 30, 2026, compared to $107.1 million in the second quarter of 2025.
• Capital expenditures for growth projects were $241.3 million during the three months ended June 30, 2026.
• Unrestricted cash and cash equivalents totaled $342.4 million as of June 30, 2026.

Bottom Line

Excelerate Energy has evolved from an infrastructure operator into an integrated energy provider that handles everything from fuel sourcing to power generation. Its use of mobile floating terminals and long-term contracts allows it to provide energy security to diverse international markets.