Excelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions. It also leases an LNG terminal in Bahia, Brazil. Excelerate Energy, LLC acts as general partner of the company. Excelerate Energy, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas. Excelerate Energy, Inc. operates as a subsidiary of Excelerate Energy Holdings, LLC.
IPO Year: 2022
Exchange: NYSE
Website: https://www.excelerateenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/7/2025 | $22.00 → $31.00 | Neutral → Underweight | Analyst |
| 8/30/2024 | $20.00 → $19.00 | Equal Weight → Underweight | Wells Fargo |
| 4/30/2024 | $21.00 | Overweight | Stephens |
| 2/26/2024 | $23.00 | Outperform | Northland Capital |
| 12/14/2023 | $20.00 → $18.00 | Overweight → Equal Weight | Wells Fargo |
| 11/17/2023 | $24.00 | Overweight | CapitalOne |
| 4/10/2023 | $31.00 | Buy | Deutsche Bank |
Excelerate Energy, Inc. (NYSE:EE) today announced the appointment of Nisha D. Biswal to its Board of Directors (Board), effective January 21, 2025. Ms. Biswal will serve on the Audit and Nominating and Corporate Governance Committees. "We are very pleased to welcome Nisha to the Board of Directors," said Steven Kobos, President and Chief Executive Officer of Excelerate. "Her extensive international background and experience guiding U.S. investments in developing markets aligns well with Excelerate's strategy and plans for growth. Nisha also brings a wealth of experience specifically with respect to South Asia which represents approximately 20% of the world's population and a growing sourc
Tyler D. Todd to Join as Newest Board Member Henry G. Kleemeier Retired from the Board Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced the election of Tyler D. Todd to its Board of Directors, effective October 10, 2024. Henry G. Kleemeier has retired from the Board effective October 9, 2024. Mr. Todd will serve on the Compensation and Nominating and Corporate Governance Committees. Mr. Todd currently serves as Senior Vice President of Business Development at Kaiser-Francis Oil Company, an upstream oil and gas company owned by George Kaiser, Excelerate Energy's controlling stockholder, which he joined in 2014. Prior to joining Kaiser-Francis Oil Company,
Haas brings decades of diplomatic experience across Asia, Europe, and North Africa Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or "Company") is pleased to announce the addition of Ambassador (ret.) Peter D. Haas as a Strategic Advisor to the Company. Ambassador Haas retired from the U.S. Foreign Service on September 27 after 33 years of U.S. government service, most recently as Ambassador to Bangladesh. He will join Excelerate's Washington DC office in October. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930915688/en/Former Ambassador Peter D. Haas Joins Excelerate Energy as Strategic Advisor (Photo: Business Wire) Amb
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Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that Excelerate Energy Limited Partnership (the "Issuer"), a subsidiary of Excelerate, has priced its offering (the "Offering") of $800 million in aggregate principal amount of 8.000% unsecured senior notes due 2030 (the "2030 Notes"). The 2030 Notes will mature on May 15, 2030 and will be issued at par. The Offering is expected to close on May 5, 2025, subject to customary closing conditions. The Offering was upsized to $800 million in aggregate principal amount of 2030 Notes from the original offering size of $700 million in aggregate principal amount of 2030 Notes. Excelerate intends to use the net proceeds
Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that Excelerate Energy Limited Partnership (the "Issuer"), a subsidiary of Excelerate, has commenced an offering (the "Offering") of $700 million in aggregate principal amount of unsecured senior notes due 2030 (the "2030 Notes"). Excelerate intends to use the net proceeds from the Offering, together with the net proceeds from the equity offering previously consummated by the Company and cash on hand, to (i) fund the consideration payable by the Company in the previously-announced pending acquisition of New Fortress Energy, Inc.'s (NASDAQ:NFE) business in Jamaica for $1.055 billion, subject to certain adjustme
Excelerate Energy, Inc. (NYSE:EE) (Excelerate or the Company) today reported preliminary estimated financial results for the first quarter ended March 31, 2025. PRELIMINARY ESTIMATED Q1 2025 FINANCIAL RESULTS Income before taxes expected to be in the range of $52-59 million for the first quarter Adjusted EBITDA expected to be in the range of $96-101 million for the first quarter Cash and cash equivalents expected to be between $600-620 million as of March 31, 2025, which does not include approximately $175.5 million of net proceeds received on April 2, 2025 from the Company's public offering of Class A common stock All $350 million of the Revolving Credit Facility was undrawn and a
Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") will release its first quarter 2025 results on Wednesday, May 7, 2025, following the close of U.S. financial markets. The earnings release and presentation for the first quarter 2025 results will be available on the investor page of the Company's website at www.excelerateenergy.com. On Thursday, May 8, 2025, the Company's management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call. About Excelerat
Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced the pricing of its previously announced underwritten registered public offering of 6,956,522 shares of Class A common stock at a public offering price per share of $26.50. The size of the offering increased from the previously announced $150,000,000 of shares of common stock to $184,347,833 of shares of the company's common stock, which represents the gross proceeds of the offering before the underwriting discount and estimated offering expenses. Additionally, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,043,478 shares of its Class A common stock at the public offe
Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") announced that it has commenced an underwritten public offering of $150 million of shares of its Class A common stock. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase up to $22.5 million of additional shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the actual size or terms of the offering. The Company intends to use the net proceeds from this offering, togeth
Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of "Last-Mile" LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Assets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth Opportunities Acquisition Is Immediately Accretive to Earnings per Share and Enhances Operating Cash Flow Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has entered into a definitive agreement with New Fortress Energy Inc. ("NFE") (NASDAQ:NFE) under which Excelerate will acquire NFE's busi
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE") announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and enhance financial flexibility. The transaction includes the sale of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clar
Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate"), a leading provider of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), have signed a Memorandum of Understanding to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026. Through this strategic partnership, Excelerate and PV Gas will collaborate on a plan to secure reliable and stable LNG supply sourced from the United States as early as 2026. Under the agreement, the two parties will also evaluate PV Gas' LNG supply
Excelerate Energy, Inc. (NYSE:EE) (Excelerate or the Company) today reported its financial results for the fourth quarter ended December 31, 2024. RECENT HIGHLIGHTS Reported Net Income of $46.1 million for the fourth quarter and $153.0 million for the full year 2024 Reported Adjusted EBITDA of $91.6 million for the fourth quarter and $348.2 million for the full year 2024 Declared a quarterly cash dividend of $0.06 per share, payable on March 27, 2025 CEO COMMENT "2024 was an exceptional year for Excelerate. We delivered record full year financial results while maintaining our standard of operational excellence," said Steven Kobos, President and Chief Executive Officer of Exc
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Analyst downgraded Excelerate Energy from Neutral to Underweight and set a new price target of $31.00 from $22.00 previously
Wells Fargo downgraded Excelerate Energy from Equal Weight to Underweight and set a new price target of $19.00 from $20.00 previously
Stephens initiated coverage of Excelerate Energy with a rating of Overweight and set a new price target of $21.00
Northland Capital initiated coverage of Excelerate Energy with a rating of Outperform and set a new price target of $23.00
Wells Fargo downgraded Excelerate Energy from Overweight to Equal Weight and set a new price target of $18.00 from $20.00 previously
CapitalOne initiated coverage of Excelerate Energy with a rating of Overweight and set a new price target of $24.00
Deutsche Bank initiated coverage of Excelerate Energy with a rating of Buy and set a new price target of $31.00
Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") will release its first quarter 2025 results on Wednesday, May 7, 2025, following the close of U.S. financial markets. The earnings release and presentation for the first quarter 2025 results will be available on the investor page of the Company's website at www.excelerateenergy.com. On Thursday, May 8, 2025, the Company's management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call. About Excelerat
Addition of Complementary, Fully Integrated Downstream LNG and Power Platform Establishes Excelerate as the Key Provider of "Last-Mile" LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Assets and Operations Generate Stable Cash Flows Supported by Attractive Long-Term Contracts with High-Quality Counterparties and Pipeline of Potential Growth Opportunities Acquisition Is Immediately Accretive to Earnings per Share and Enhances Operating Cash Flow Excelerate Energy, Inc. (NYSE:EE) ("Excelerate" or the "Company") today announced that it has entered into a definitive agreement with New Fortress Energy Inc. ("NFE") (NASDAQ:NFE) under which Excelerate will acquire NFE's busi
New Fortress Energy Inc. (NASDAQ:NFE) ("NFE") announced today that it has finalized a transaction with Excelerate Energy, Inc. (NYSE:EE) ("Excelerate") to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE's corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE's strategy to optimize its asset portfolio and enhance financial flexibility. The transaction includes the sale of NFE's LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clar
Excelerate Energy, Inc. (NYSE:EE) (Excelerate or the Company) today reported its financial results for the fourth quarter ended December 31, 2024. RECENT HIGHLIGHTS Reported Net Income of $46.1 million for the fourth quarter and $153.0 million for the full year 2024 Reported Adjusted EBITDA of $91.6 million for the fourth quarter and $348.2 million for the full year 2024 Declared a quarterly cash dividend of $0.06 per share, payable on March 27, 2025 CEO COMMENT "2024 was an exceptional year for Excelerate. We delivered record full year financial results while maintaining our standard of operational excellence," said Steven Kobos, President and Chief Executive Officer of Exc
Excelerate Energy, Inc. (the "Company" or "Excelerate") (NYSE:EE) announced today that its Board of Directors (the "Board") declared a quarterly cash dividend, with respect to the quarter ended December 31, 2024, of $0.06 per share of Class A common stock. The dividend is payable on March 27, 2025, to Class A common stockholders of record as of the close of business on March 12, 2025. Excelerate Energy Limited Partnership, the Company's operating subsidiary, will make a corresponding distribution of $0.06 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment. The declaration, timing, amount, and payment of future dividends remains at
Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") will release its fourth quarter and full year 2024 results on Wednesday, February 26, 2025, following the close of U.S. financial markets. The earnings release and presentation for the fourth quarter and full year 2024 results will be available on the investor page of the Company's website at www.excelerateenergy.com. On Thursday, February 27, 2025, the Company's management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the w
-- Quarterly Cash Dividend Increased 140% from the Prior Quarter -- Excelerate Energy, Inc. (NYSE:EE) (Excelerate or the Company) today reported its financial results for the third quarter ended September 30, 2024. RECENT HIGHLIGHTS Reported Net Income of $45.5 million for the third quarter Reported Adjusted EBITDA of $92.3 million for the third quarter Raised and narrowed Full Year 2024 Adjusted EBITDA guidance, now expected to range between $335 million and $345 million Declared a quarterly cash dividend of $0.06 per share, or $0.24 per share on an annualized basis, representing a 140% increase from the prior quarter, payable on December 5, 2024 CEO COMMENT "Excelerate delive
Excelerate Energy, Inc. (the "Company" or "Excelerate") (NYSE:EE) announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.06 per share of Class A common stock, representing a 140% increase from the prior quarter. The dividend payment with respect to the quarter ended September 30, 2024, is payable on December 5, 2024, to Class A common stockholders of record as of the close of business on November 20, 2024. Excelerate Energy Limited Partnership, the Company's operating subsidiary, will make a corresponding distribution of $0.06 per interest to holders of its Class B limited partnership interests on the same date of the dividend payment. "The Boar
Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") will release its third quarter 2024 results on Wednesday, November 6, 2024, following the close of U.S. financial markets. The earnings release and presentation for the third quarter 2024 results will be available on the investor page of the Company's website at www.excelerateenergy.com. On Thursday, November 7, 2024, the Company's management team will host a conference call for analysts and investors at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The call will also be webcast live at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call. About
Excelerate Energy, Inc. (NYSE:EE) (the Company or Excelerate) today reported its financial results for the second quarter ended June 30, 2024. RECENT HIGHLIGHTS Reported Net Income of $33.3 million for the second quarter Reported Adjusted EBITDA of $89.0 million for the second quarter Signed a term sheet with ITECO Joint Stock Company to co-develop a greenfield LNG import terminal in northern Vietnam Declared a quarterly dividend of $0.025 per share, payable on September 5, 2024 CEO COMMENT "We are pleased to have delivered another quarter of strong financial and operational results. Excelerate's performance in the second quarter reflects the strength of our core regasifi