Excelerate Energy Announces Major Acquisition in Jamaica

An announcement from Excelerate Energy, Inc. Class A ( (EE) ) is now available.

On March 26, 2025, Excelerate Energy Limited Partnership, a subsidiary of Excelerate Energy, Inc., announced an agreement to acquire New Fortress Energy’s business in Jamaica for $1.055 billion. This strategic acquisition, expected to close in the second quarter of 2025, positions Excelerate as a key provider of LNG infrastructure in the Atlantic basin, enhancing its financial profile with stable, long-term cash flows and growth opportunities in the Jamaican energy market.

More about Excelerate Energy, Inc. Class A

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas, offering integrated services along the LNG value chain. The company aims to provide rapid-to-market and reliable LNG solutions globally, with a presence in various international locations.

YTD Price Performance: 4.27%

Average Trading Volume: 226,209

Technical Sentiment Signal: Sell

Current Market Cap: $3.33B

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