Excelerate Energy
Operates floating LNG import terminals and integrates gas supply, power and steam sales.
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Profile
Leases and operates floating LNG import terminals while earning additional revenue from LNG and natural gas delivery, terminal services, power and steam. A global regasification fleet anchors the business, with Jamaica adding onshore terminals and generation, while long-term take-or-pay contracts underpin much of the platform.
Leases and operates floating LNG import terminals, supplies LNG and natural gas, and develops infrastructure that moves gas from ships into local pipelines and power systems. Terminal-services contracts combine use of floating storage and regasification units with vessel operations and technical support; LNG, gas and power sales span sourcing, transport, regasification, electricity and steam.
In-house fleet management and ship-to-ship transfer experience support deployments across the Americas, Europe, the Middle East and Asia. The Jamaica platform adds the Montego Bay and Old Harbour terminals, small-scale regasification sites and the Clarendon combined heat and power plant, extending the model into onshore delivery and generation.
Revenue depends heavily on long-term take-or-pay agreements, asset availability and customers in infrastructure-constrained import markets. George B. Kaiser retains majority ownership of the operating partnership.
Company facts
Categories
Key statistics
Year to date +36.1% · Average volume (30d) 349.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Northland Securities | Target | $48 | $45 | ||
| Aug 12, 2026 | Wells Fargo | Reiterate | Equal Weight | $37 | $38 | |
| Aug 11, 2026 | Barclays | Reiterate | Overweight | $43 | ||
| Aug 7, 2026 | Morgan Stanley | Target | $40 | $41 | ||
| Jul 16, 2026 | Goldman Sachs | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.35 | $0.37 | +6.1% | $344.3M | $329.3M | −4.4% | −1.66% |
| May 6, 2026Q1 FY26 | $0.39 | $0.37 | −5.1% | $351.7M | $433.4M | +23.2% | −3.50% |
| Feb 25, 2026Q4 FY25 | $0.30 | $0.29 | −3.3% | $284.3M | $317.6M | +11.7% | −7.86% |
| Nov 5, 2025Q3 FY25 | $0.30 | $0.45 | +50.0% | $293.5M | $391.0M | +33.2% | +7.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $315.1M | $204.6M | $391.0M | $317.6M | $433.4M | $329.3M | |
| Gross profit | $90.8M | $92.6M | $144.6M | $99.2M | $106.3M | $193.9M | |
| Operating income | $65.7M | $43.4M | $87.2M | $71.0M | $82.0M | $80.9M | |
| Net income | $49.0M | $4.7M | $14.0M | $9.1M | $12.3M | $12.1M | |
| Diluted EPS | $0.46 | $0.15 | $0.43 | $0.28 | $0.37 | $0.37 | |
| Gross margin | 28.8% | 45.3% | 37.0% | 31.2% | 24.5% | 58.9% | |
| Operating margin | 20.9% | 21.2% | 22.3% | 22.4% | 18.9% | 24.6% |
Fiscal years (4-quarter sums)FY21 $888.6M · FY22 $2.47B · FY23 $1.16B · FY24 $851.4M · FY25 $1.23B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $345.7M · Total debt $1.39B · Total assets $4.16B · Shareholders' equity $686.8M
Dividends
Raised for 2 straight years — most recently to $0.09 from $0.08 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 3 | $0.09 | raised from $0.08 |
| May 20, 2026 | May 20 | Jun 4 | $0.08 | |
| Mar 11, 2026 | Mar 11 | Mar 26 | $0.08 | |
| Nov 19, 2025 | Nov 19 | Dec 4 | $0.08 | |
| Aug 20, 2025 | Aug 20 | Sep 4 | $0.08 | raised from $0.06 |
| May 21, 2025 | May 21 | Jun 5 | $0.06 | |
| Mar 12, 2025 | Mar 12 | Mar 27 | $0.06 | |
| Nov 20, 2024 | Nov 20 | Dec 5 | $0.06 | raised from $0.025 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 31.92M · Float 31.39M · 98.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| George Kaiser Family Foundation | 7.85M | 24.60% | 13F | Aug 12, 2026 |
| Wellington Management Group LLP | 3.34M | 10.46% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 2.01M | 6.31% | 13F | Aug 7, 2026 |
| Copeland Capital Management, LLC | 1.97M | 6.20% | 13G | Aug 4, 2026 |
| Vanguard Portfolio Management LLC | 1.23M | 3.86% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 20, 2026 | Oliver Simpson | officer: See Remarks | −6,000 | $34.15 |
Peers
- New Fortress Energy
Integrated LNG-to-power and terminal-platform rival
- Shell (ADR)
Global LNG major overlapping in supply, regasification, and logistics
- TotalEnergies
Integrated LNG major overlapping in supply, regas, and gas-to-power
- Cheniere Energy
Major U.S. LNG supplier for long-term SPAs and delivered volumes
- Golar LNG
Floating LNG project peer with FLNG liquefaction overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Excelerate Energy | $38.56 | 0.00% | $4.46B | 26.6 | 21.3 | 3.0 | +61.0% |
| New Fortress Energy | $0.2975 | +2.34% | $83.6M | — | 0.6 | 0.1 | −18.8% |
| Shell (ADR) | $91.47 | +0.63% | $253.47B | 10.0 | 9.2 | 0.8 | +44.7% |
| TotalEnergies | $86.31 | −0.05% | $192.30B | 10.9 | 8.4 | 1.0 | +26.2% |
| Cheniere Energy | $282.89 | +0.21% | $59.16B | 21.0 | 16.3 | 2.7 | +26.3% |
| Golar LNG | $50.29 | −0.02% | $5.12B | 32.4 | — | 9.8 | +72.4% |
| Median | 15.9 | 8.8 | 1.0 | +26.3% |