Floating LNG terminals
Search documents
Wells Fargo Lifts Excelerate Energy (EE) Target Following Recent Project Wins
Yahoo Finance· 2025-12-02 01:20
Core Insights - Excelerate Energy, Inc. (NYSE:EE) is recognized as one of the 14 best up-and-coming dividend stocks to buy [1] - Wells Fargo has raised its price target for Excelerate Energy from $26 to $29, maintaining an Equal Weight stance, reflecting updated growth expectations due to recent project wins [2] - The company signed a commercial agreement to build a fully integrated LNG import terminal in Iraq, with a minimum contracted offtake of 250 million standard cubic feet per day [3] Financial Performance - Excelerate Energy reported strong Q3 2025 results, with revenue reaching $391.04 million, more than doubling year-over-year and exceeding analysts' forecasts by approximately $119.5 million [4] - Operating income for the same period increased to $87.2 million, up from $59.7 million in the previous year [4] - As of September 30, 2025, the company held $462.6 million in unrestricted cash and cash equivalents, with no outstanding letters of credit under its revolving credit facility [4] Business Operations - Excelerate Energy operates globally, providing LNG solutions and focusing on the development and management of floating LNG terminals [5]