Core Insights - Excelerate Energy, Inc. operates in the liquefied natural gas (LNG) sector, facing competition from several companies in the utilities market [1][6] - The company's Return on Invested Capital (ROIC) is 5.21%, which is below its Weighted Average Cost of Capital (WACC) of 7.17%, indicating inefficiency in capital utilization [2][6] - Excelerate Energy's ROIC/WACC ratio is 0.73, suggesting there is potential for improvement compared to its peers [5][6] Financial Performance - Excelerate Energy's ROIC of 5.21% is lower than its WACC of 7.17%, raising concerns about its ability to generate returns exceeding its capital costs [2][6] - Among peers, PNM Resources has a significantly negative ROIC of -122.19% against a WACC of 4.24%, indicating severe capital inefficiency [3] - Black Hills Corporation leads in capital efficiency with a ROIC of 4.87% and a WACC of 5.40%, resulting in a ROIC/WACC ratio of 0.90, the highest among competitors [3][5] Peer Comparison - IDACORP, Inc. has a ROIC of 3.66% and a WACC of 5.62%, leading to a ROIC/WACC ratio of 0.65, which is lower than Excelerate Energy's ratio [4] - Avista Corporation and Southwest Gas Holdings have ROIC/WACC ratios of 0.81 and 0.59, respectively, both lower than Excelerate Energy's [4] - Overall, while Excelerate Energy's performance is not the best, it is better than some peers, indicating room for improvement in capital efficiency [5]