Key Takeaways Natural gas futures fell 20% after milder weather forecasts erased fears of severe cold.Record LNG export demand continues to support prices despite near-term weather-driven volatility.EXE, LNG and EE are positioned to gain as gas prices stabilize amid storage draws and strong exports.Natural gas futures have experienced another bout of volatility, with prices pulling back sharply after an early December surge driven by cold-weather fears. The recent sell-off has reignited a debate over whethe ...

Excelerate Energy, Inc. (NYSE:EE) is included among the 14 Best Up and Coming Dividend Stocks to Buy. Wells Fargo Lifts Excelerate Energy (EE) Target Following Recent Project Wins On Nov‍ember 10, Wel‌ls Fargo lifted its⁠ pri‌ce target‌ on Excelerate Energy, Inc. (NYSE:EE) to‍ $29 from​ $‌2‌6 while maintaining an Equal W‌eight stanc​e. The adjustment reflects updated assumptions tied to the company’s new​ly ann⁠ounced project in Iraq and the expectat‍i​on of‌ higher growth-‌related capital s‌pending fo⁠l ...

Financial Performance - Total revenues for Q3 2025 reached $391.0 million, a significant increase from $193.4 million in Q3 2024, representing a growth of 102%[16] - Net income attributable to shareholders for Q3 2025 was $13.9 million, compared to $9.0 million in Q3 2024, marking a year-over-year increase of 56%[16] - Operating income for the nine months ended September 30, 2025, was $196.3 million, up from $154.8 million in the same period of 2024, reflecting a growth of 27%[16] - Net income for the nine months ended September 30, 2025, was $52.123 million, compared to $40.736 million for the same period in 2024, representing a year-over-year increase of 28.5%[19] - For the nine months ended September 30, 2025, net income increased to $127.9 million from $107.0 million in 2024, representing a growth of approximately 19%[23] - For the three months ended September 30, 2025, the company reported net income of $55,044,000, an increase from $45,546,000 in the same period of 2024, representing a growth of 11%[86] - The basic earnings per share for the three months ended September 30, 2025, was $0.44, compared to $0.36 for the same period in 2024, reflecting a 22% increase[86] Assets and Liabilities - Cash and cash equivalents as of September 30, 2025, totaled $462.6 million, down from $537.5 million at the end of 2024[15] - Total assets increased to $4.1 billion as of September 30, 2025, compared to $2.9 billion at the end of 2024, indicating a growth of 42%[15] - Current liabilities rose to $291.0 million as of September 30, 2025, compared to $216.1 million at the end of 2024, an increase of 35%[15] - The company reported a total equity of $2.2 billion as of September 30, 2025, up from $1.9 billion at the end of 2024, reflecting a growth of 16%[15] - The balance of retained earnings as of September 30, 2025, was $1.519 billion, reflecting an increase from $1.432 billion at March 31, 2025[19] - As of September 30, 2025, the total long-term debt net is $918.8 million, an increase from $286.8 million as of December 31, 2024[57] Equity and Dividends - Class A dividends increased from $0.06 per share to $0.08 per share during the same period, reflecting a 33.3% increase[19] - The total equity balance at September 30, 2025, was $2.195 billion, up from $1.931 billion at March 31, 2025, indicating a growth of approximately 13.7%[19] - EELP declared and paid distributions totaling $6.562 million to Class B interests and $2,675,000 in dividends to Class A Common Stock for the quarter ended September 30, 2025[81] Revenue and Growth - For the nine months ended September 30, 2025, total revenues reached $1.059 billion, up from $851.8 million in 2024, reflecting a growth of approximately 24%[39] - The Asia Pacific region generated $267.045 million in revenue for the nine months ended September 30, 2025, up from $204.125 million in 2024, marking an increase of about 30.8%[99] - The company expects to recognize $12.821 billion in revenue from contracts exceeding one year, with significant amounts projected for 2026 ($907.152 million) and 2027 ($903.305 million)[105] Acquisitions and Investments - The company completed the acquisition of New Fortress Energy Inc.'s business in Jamaica for approximately $1.055 billion in cash, which included the acquisition of three LNG facilities[36] - The company finalized the acquisition of the Montego Bay LNG Terminal and other assets in 2025, enhancing its operational capacity[105] - The company raised $800.0 million through long-term debt issuance to fund the acquisition and other activities[23] Cash Flow and Operating Activities - Net cash provided by operating activities for the nine months ended September 30, 2025, was $356.8 million, compared to $194.8 million in 2024, indicating an increase of 83%[23] - Cash and cash equivalents at the end of the period decreased to $481.8 million from $626.5 million at the end of 2024[23] Financial Instruments and Risks - The company’s interest rate swaps hedge approximately 70% of the variability in interest payments on the 2017 Bank Loans[50] - The Company is exposed to market risks including changes in interest rates, LNG commodity prices, and foreign currency exchange rates[230] - The Company may utilize derivative instruments to manage market risks, with gains or losses typically offset by corresponding gains or losses on the hedged item[230] Stock and Shareholder Information - The weighted average shares outstanding for basic earnings per share increased to 32.0 million in Q3 2025 from 25.0 million in Q3 2024[16] - The company repurchased 2,473,787 shares of its Class A Common Stock at a weighted average price of $20.41 per share, totaling approximately $50.0 million[84] - In March 2025, the company completed an equity offering of 6,956,522 shares at a public offering price of $26.50 per share, generating net proceeds of approximately $201.8 million[85]

Financial Data and Key Metrics Changes - Excelerate Energy reported record quarterly EBITDA of $129 million, an increase of $22 million or 21% compared to the previous quarter [6][16] - Adjusted net income for the third quarter was $57 million, a sequential increase of $10 million or 22% compared to the second quarter [16] - Total debt, including finance leases, was $1.3 billion, with cash and cash equivalents of $463 million on hand [18] Business Line Data and Key Metrics Changes - The Jamaica operations maintained exceptional reliability, exceeding 99.8% across the platform [14] - The company achieved considerable savings related to the Exemplar dry dock, which completed with fewer off-hire days than anticipated [17] - Incremental gas volumes were sold to existing customers, and commercial agreements with new small-scale customers progressed well in Jamaica [15] Market Data and Key Metrics Changes - The global LNG market is expected to grow from approximately 430 million tons per annum in 2025 to over 600 million tons per annum by 2030 [8] - Approximately 200 million tons of incremental LNG supply is expected to come online between now and the end of the decade [8] Company Strategy and Development Direction - Excelerate Energy is focused on scalable regasification solutions to meet the growing demand for LNG, particularly in emerging markets [9][10] - The company executed a definitive agreement with Iraq's Ministry of Electricity to develop the country's first LNG import terminal, which is strategically significant for energy security [10][11] - The company aims to replicate the successful Jamaica model across its global footprint, emphasizing integrated energy solutions [39][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in limited financial impacts from Hurricane Melissa due to comprehensive insurance coverage and a take-or-pay business model [5][20] - The company anticipates significant opportunities to extend its platform into new regions and deepen its presence in existing ones [16] - Management highlighted the importance of developing new regas infrastructure as global supply tightens [8][9] Other Important Information - The company announced a quarterly cash dividend of $0.08 per share, payable on December 4th [19] - Adjusted EBITDA guidance for 2025 was increased to a range of $435 million to $450 million [19] Q&A Session Summary Question: What is the expected split between vessel and supply margin for the Iraq project? - Management did not provide a specific breakdown but emphasized the overall build multiple of 4.5 to 5 times [24][25] Question: What is the timeline and capital cost for converting the Shenandoah vessel? - The conversion is estimated to cost around $200 million, with no specific timeline committed yet [27][28] Question: What is the remaining spend on the new building asset currently under construction? - Approximately $200 million is left to pay upon delivery, with the total shipyard cost around $340 million [30][31] Question: When will work commence at the Jetty in Iraq? - The project is expected to be operational by summer 2026, with CapEx ramping up in the interim [32] Question: Are there integrated opportunities for the conversion candidate? - Management confirmed that integrated opportunities are being pursued globally, with a focus on affordability and execution [43]

Financial Performance - 3Q 2025 - Net Income reached $55.0 million in 3Q 2025 [21] - Adjusted Net Income was $57.1 million in 3Q 2025 [21] - Adjusted EBITDA amounted to $129.3 million in 3Q 2025 [21] - Compared to 2Q 2025, Net Income increased from $20.8 million, Adjusted Net Income increased from $46.8 million, and Adjusted EBITDA increased from $107.1 million [21] - Compared to 3Q 2024, Net Income increased from $45.5 million, Adjusted Net Income increased from $45.5 million, and Adjusted EBITDA increased from $92.3 million [21] Balance Sheet - Cash and Cash Equivalents stood at $462.6 million as of September 30, 2025 [36] - Total Debt and Finance Leases amounted to $1,280.9 million, including $942.1 million in debt facilities, $163.6 million in debt facilities from related parties, and $175.2 million in finance lease liabilities [36] 2025 Financial Outlook - The company projects an Adjusted EBITDA between $435 million and $450 million for 2025 [35]

Core Viewpoint - Excelerate Energy reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing an increase from $0.35 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +50.00%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter ended September 2025 were $391.04 million, surpassing the Zacks Consensus Estimate by 27.53%, compared to $193.42 million in the same quarter last year [3] Stock Performance - Excelerate Energy shares have declined approximately 15.4% since the beginning of the year, while the S&P 500 has gained 15.1% [4] - The current Zacks Rank for Excelerate Energy is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $315.94 million, and for the current fiscal year, it is $1.34 on revenues of $1.14 billion [8] - The outlook for the industry, particularly the Alternative Energy - Other sector, is currently in the bottom 31% of Zacks industries, which may impact stock performance [9]

Financial Performance - Reported revenues of $391.0 million for Q3 2025, a 91% increase from $204.6 million in Q2 2025 and a 102% increase from $193.4 million in Q3 2024[4] - Net income for Q3 2025 was $55.0 million, up from $20.8 million in Q2 2025 and $45.5 million in Q3 2024[4] - Adjusted EBITDA for Q3 2025 reached $129.3 million, compared to $107.1 million in Q2 2025 and $92.3 million in Q3 2024, reflecting strong operational performance[4] - Operating income for the same period was $87,221,000, compared to $43,386,000 in the previous quarter and $59,739,000 in the same quarter last year, reflecting a strong operational performance[31] - For the three months ended September 30, 2025, the net income was $55,044,000, a significant increase from $20,765,000 in the previous quarter and $45,546,000 in the same quarter last year[39] - Adjusted EBITDA for the same period was $129,325,000, up from $107,137,000 in the previous quarter and $92,289,000 year-over-year[40] - The diluted earnings per share (EPS) for the quarter was $0.43, compared to $0.15 in the previous quarter and $0.35 in the same quarter last year[41] - Adjusted EPS increased to $0.45 from $0.34 in the previous quarter and remained stable at $0.35 year-over-year[41] Cash Flow and Assets - The company reported cash flows from operating activities of $356,821,000 for the nine months ended September 30, 2025, compared to $194,818,000 for the same period in 2024, indicating improved cash generation[35] - Total assets increased to $4,096,979,000 as of September 30, 2025, from $2,883,215,000 at the end of 2024, demonstrating significant growth in the company's asset base[33] - Cash and cash equivalents decreased to $462,618,000 as of September 30, 2025, from $537,522,000 at the end of 2024, reflecting cash utilization for investments[33] - As of September 30, 2025, the company had $462.6 million in unrestricted cash and cash equivalents, with $500 million available under its revolving credit facility[11] Investments and Expenditures - Executed a definitive commercial agreement for Iraq's first LNG import terminal, with a minimum contracted offtake of 250 million standard cubic feet per day (MMscf/d)[8] - Total project investment for the Iraq LNG terminal is expected to be approximately $450 million, including the cost of the floating storage and regasification unit (FSRU)[9] - Maintenance capital expenditures for 2025 are expected to range between $65 million and $75 million, with committed growth capital expected to be between $95 million and $105 million[13] - The company incurred net cash paid for acquisition amounting to $1,048,091,000 during the nine months ended September 30, 2025, indicating active investment in growth opportunities[35] Debt and Financial Obligations - The company’s long-term debt increased to $918,819,000 as of September 30, 2025, from $286,760,000 at the end of 2024, indicating a strategic leverage for growth[33] - Interest expense increased to $28,135,000 from $23,932,000 in the previous quarter and $15,122,000 year-over-year[40] - Depreciation and amortization expense rose to $31,758,000 from $25,518,000 in the previous quarter and $23,031,000 year-over-year[40] Dividends and Shareholder Returns - Declared a quarterly cash dividend of $0.08 per share, or $0.32 per share on an annualized basis, payable on December 4, 2025[12] - The weighted average shares outstanding increased to 32,001,766 for basic shares as of September 30, 2025, compared to 31,489,508 in the previous quarter, indicating potential dilution from equity financing[31] Guidance and Future Outlook - Full Year 2025 Adjusted EBITDA guidance raised to a range of $435 million to $450 million, accounting for impacts from Hurricane Melissa[7][13] - The company expects adjusted EBITDA for 2025 to range between $435 million and $450 million, with a low case of $179 million and a high case of $204 million for income before income taxes[42] Operational Efficiency - Adjusted Gross Margin for the three months ended September 30, 2025, was $144,635,000, compared to $118,106,000 in the previous quarter and $106,589,000 in the same quarter last year, reflecting improved profitability[38] - Transition and transaction expenses for the quarter were $2,217,000, a decrease from $27,659,000 in the previous quarter[40] - Long-term incentive compensation expense was $3,265,000, slightly up from $3,206,000 in the previous quarter and significantly higher than $1,966,000 year-over-year[40]

Core Points - Excelerate Energy, Inc. has partnered with several organizations to mobilize over one million USD in aid for Jamaica following Hurricane Melissa [1] Group 1 - Excelerate Energy, in collaboration with Food For The Poor Jamaica, Project C.U.R.E., World Central Kitchen, ODPEM, and MoHW, is actively involved in relief and recovery efforts [1] - The financial support aims to address the critical needs arising from the devastation caused by Hurricane Melissa [1]

Core Insights - Excelerate Energy, Inc. (NYSE:EE) has experienced a share price increase of 4.13% from October 3 to October 10, 2025, making it one of the top-performing energy stocks during that week [1] - The company has secured a significant contract from the Iraqi government to develop an integrated floating LNG import terminal, which will enhance Iraq's energy security and support domestic power generation [2][3] Company Developments - The award from the Iraqi government is aimed at stabilizing the national grid and diversifying Iraq's energy supply away from unreliable natural gas sources [3] - Steven Kobos, President and CEO of Excelerate Energy, emphasized the importance of the strategic partnership with the Iraqi government and expressed gratitude for the trust placed in the company [4] Market Performance - Despite the recent share price increase, Excelerate Energy's stock has declined by over 14% since the beginning of 2025 [4]

Core Insights - Excelerate Energy, Inc. (NYSE:EE) is under scrutiny due to concerns about its performance in the energy sector, particularly regarding its LNG terminal services [1][2] - The company operates 11 specialized floating storage regasification units, which convert LNG back into natural gas, making it suitable for countries lacking infrastructure [2] - Despite the potential for growth in the EU's LNG imports from the U.S., the stock has not performed well since its IPO, leading to a cautious outlook [2] Company Overview - Excelerate Energy provides liquefied natural gas solutions, including regasification, infrastructure development, and LNG supply [2] - The company has specialized structures that facilitate the quick acceptance of LNG cargoes in regions with limited existing infrastructure [2] Market Context - The energy sector is currently viewed as unfavorable, impacting investor sentiment towards Excelerate Energy [1] - There is a belief that other sectors, particularly AI stocks, may offer better investment opportunities with higher upside potential and lower risks [2]