Excelerate Energy, Inc. Class A (EE) AI Stock Analysis

• Market Cap: $4.26B
• Dividend Yield: 0.99%
• Average Volume (3M): 325.51K
• Price to Earnings (P/E): 32.9
• Beta (1Y): 0.60
• Revenue Growth: 45.09%
• EPS Growth: 50.54%
• Country: US
• Employees: 919
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): 0.43
• Shares Outstanding: 32,009,583
• 10 Day Avg. Volume: 440,928
• 30 Day Avg. Volume: 325,507
• PEG Ratio: 2.09
• Price to Book (P/B): 1.57
• Price to Sales (P/S): 0.90
• P/FCF Ratio: 5.86
• Enterprise Value/Market Cap: 3.92
• Enterprise Value/Revenue: 14.07
• Enterprise Value/Gross Profit: 38.40
• Enterprise Value/Ebitda: 43.79
• 1Y Price Target: $36.33
• Price Target Upside: -2.73% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 1.74
• Revenue Forecast (FY): $1.63B

• Rating: 71 Outperform
• Price Target: $41.00 ▲(9.77% Upside)

The score is driven primarily by strong financial performance (robust revenue growth, healthy margins, and strong cash flow generation) and a constructive earnings outlook with raised EBITDA guidance and record quarterly EBITDA. Technicals are supportive but appear overbought, while valuation is the main constraint due to a high P/E and low dividend yield.

Positive Factors

Cash Flow Generation

Sustained free cash flow growth and strong operating cash conversion indicate durable internal funding for capex, debt service, and potential shareholder returns. Reliable cash generation supports financing of longer-term projects and bolsters resilience through commodity or project timing cycles.

Contracted Cash Flow Visibility

High proportion of take-or-pay contracts provides multi-year revenue visibility and reduces demand exposure, enabling stable cash flow forecasts. This durable contract profile supports bankable projects, easier access to project financing, and lower earnings volatility versus merchant-exposed peers.

Strategic Geographic Expansion

Securing a marquee Iraq terminal project represents a structural market expansion into a large gas-importing country, diversifying the portfolio and creating a long-term revenue stream. Large-scale, government-backed projects enhance strategic positioning and future contract opportunities in the region.

Negative Factors

Low Return on Equity

An ROE near zero signals the company is generating negligible returns on shareholder capital, suggesting inefficiencies or heavy asset/equity bases relative to profits. Over months this constrains equity investor returns and may pressure management to improve asset utilization or capital allocation.

Contractual Rigidity

While take-or-pay deals stabilize revenues, they can lock the company into fixed terms that prevent capturing higher spot prices or recontracting on improved market conditions. Over a multi-month horizon this limits upside, constrains commercial agility, and can reduce margin enhancement opportunities.

Revenue and Margin Volatility

Past variability in top-line and margins reflects exposure to project timing, contract renewals, and external events. Such structural volatility complicates multi-period planning, may stress cashflow during downturns, and requires higher reserves or insurance to maintain capex and dividend policies.

Excelerate Energy, Inc. Class A Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Excelerate Energy generates revenue primarily through long-term contracts for the leasing and operation of its FSRUs, which are utilized for regasification services in various markets. The company also earns income from the sale of LNG and related services, including the transportation of natural gas. Key revenue streams include fees from clients for the use of its floating LNG infrastructure, as well as profit-sharing arrangements from joint ventures and partnerships with other energy companies. Additionally, Excelerate Energy may benefit from market fluctuations in LNG prices and demand, which can contribute to its overall earnings.

Excelerate Energy, Inc. Class A Financial Statement Overview

Summary

Strong top-line and cash generation support the score: revenue growth of 20.01% (TTM) and solid cash conversion (operating cash flow to net income 1.23; free cash flow growth 19.32%). Profitability is healthy (EBIT margin 23.65%, EBITDA margin 33.19%), but low ROE (0.01%) and noted historical volatility in growth/margins temper the rating.

Income Statement

Excelerate Energy, Inc. Class A shows a strong revenue growth rate of 20.01% in the TTM, indicating robust top-line expansion. The gross profit margin of 32.05% and net profit margin of 6.63% reflect solid profitability, although slightly below industry-leading levels. The EBIT and EBITDA margins are healthy at 23.65% and 33.19%, respectively, suggesting efficient operational management. However, historical fluctuations in revenue growth and margins suggest potential volatility.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.17 in the TTM, indicating a conservative leverage position. However, the return on equity is minimal at 0.01%, suggesting limited returns on shareholder investments. The equity ratio of 16.49% reflects a balanced capital structure, but the low ROE highlights potential inefficiencies in utilizing equity capital.

Cash Flow

Excelerate Energy, Inc. Class A demonstrates strong cash flow performance with a free cash flow growth rate of 19.32% in the TTM. The operating cash flow to net income ratio of 1.23 indicates robust cash generation relative to earnings. Additionally, the free cash flow to net income ratio of 0.64 suggests effective conversion of profits into cash. The positive cash flow trends enhance financial flexibility and support future growth initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.19B	851.44M	1.16B	2.47B	888.55M	430.84M
Gross Profit	434.26M	408.08M	412.40M	259.68M	200.41M	176.20M
EBITDA	380.85M	315.79M	326.70M	296.87M	271.57M	252.81M
Net Income	78.57M	32.88M	30.41M	26.27M	41.12M	38.75M
Balance Sheet
Total Assets	4.10B	2.88B	2.86B	2.87B	2.50B	2.26B
Cash, Cash Equivalents and Short-Term Investments	462.62M	580.99M	572.32M	530.00M	85.01M	90.24M
Total Debt	1.46B	697.38M	769.64M	715.88M	1.02B	1.35B
Total Liabilities	1.90B	994.71M	1.05B	1.17B	1.50B	1.48B
Stockholders Equity	675.69M	487.99M	505.45M	477.35M	1.12B	887.14M
Cash Flow
Free Cash Flow	213.52M	131.18M	-80.85M	105.82M	105.52M	67.71M
Operating Cash Flow	406.44M	244.44M	231.88M	225.09M	141.61M	108.96M
Investing Cash Flow	-1.24B	-113.26M	-308.63M	-119.27M	-36.09M	-41.26M
Financing Cash Flow	689.86M	-149.02M	111.36M	341.18M	-124.10M	-31.44M

Excelerate Energy, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EE, the sentiment is Positive. The current price of 37.35 is above the 20-day moving average (MA) of 32.74, above the 50-day MA of 29.57, and above the 200-day MA of 27.22, indicating a bullish trend. The MACD of 2.24 indicates Negative momentum. The RSI at 81.20 is Negative, neither overbought nor oversold. The STOCH value of 92.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EE.

Excelerate Energy, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EE	71 Outperform	$4.26B	32.92	6.96%	0.99%	45.09%	50.54%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
RNW	61 Neutral	$1.97B	18.96	7.64%	―	42.09%	219.69%
NRGV	57 Neutral	$788.61M	-4.95	-111.44%	―	-35.99%	-46.51%
FLNC	56 Neutral	$5.65B	-71.89	-10.72%	―	-16.15%	-324.40%
SMR	52 Neutral	$5.29B	-6.12	-76.85%	―	765.67%	-202.81%
NXXT	47 Neutral	$124.98M	-0.38	―	―	146.01%	63.18%