Excelerate Energy, Inc. Class A (EE)
NYSE:EE
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Excelerate Energy, Inc. Class A
(NYSE:EE)
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Rating:67Neutral
Price Target:
$36.00
▲(8.56% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by constructive fundamentals and a strong earnings-call outlook (higher 2026 EBITDA guidance, solid liquidity/low leverage, and new shareholder returns). Offsetting this are a rich valuation (high P/E and low yield) and technically stretched momentum, alongside historically volatile revenue and cash-flow patterns.
Positive Factors
Visible EBITDA growth from contracted portfolio
Management’s 2026 EBITDA guidance is anchored by a contracted FSRU portfolio, a full-year Jamaica contribution, partial Iraq ramp and supply uplifts. That contract-backed EBITDA visibility supports durable cash generation and planning for capital deployment over the next several years.
Negative Factors
Revenue and margin volatility
Historical swings in revenue and margins reduce earnings predictability and complicate capital allocation. If recent step‑changes are one‑off or driven by timing, sustaining current high margins and cash flow could be challenging for multi‑year planning and covenant coverage assumptions.
Read all positive and negative factors
Positive Factors
Negative Factors
Visible EBITDA growth from contracted portfolio
Management’s 2026 EBITDA guidance is anchored by a contracted FSRU portfolio, a full-year Jamaica contribution, partial Iraq ramp and supply uplifts. That contract-backed EBITDA visibility supports durable cash generation and planning for capital deployment over the next several years.
Read all positive factors
Excelerate Energy, Inc. Class A (EE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.78B
Dividend Yield0.99%
Average Volume (3M)576.03K
Price to Earnings (P/E)21.4
Beta (1Y)0.62
Revenue Growth45.09%
EPS Growth50.54%
CountryUS
Employees919
SectorEnergy
Sector Strength52
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.28
Shares Outstanding32,045,510
10 Day Avg. Volume560,955
30 Day Avg. Volume576,029
Financial Highlights & Ratios
PEG Ratio13.79
Price to Book (P/B)1.23
Price to Sales (P/S)0.68
P/FCF Ratio3.03
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue3.87
Enterprise Value/Gross Profit11.14
Enterprise Value/Ebitda11.72
Forecast
1Y Price Target
$44.71Price Target Upside34.83% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.74
Revenue Forecast (FY)$1.67B
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 na...
How the Company Makes Money
Excelerate Energy makes money mainly by providing LNG import infrastructure and services centered on its FSRU business. Key revenue streams typically include: (1) long-term contracted fees for the charter or lease of FSRU vessels and/or the provis...
Excelerate Energy, Inc. Class A Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call conveys a predominantly positive outlook: Excelerate reported record 2025 results with adjusted EBITDA up ~30% and strong operational reliability (>99.9%), provided materially higher 2026 EBITDA guidance (midpoint ~18% above 2025), completed the Jamaica integration successfully and advanced the strategic Iraq project with attractive ~5x economics. The company also maintains strong liquidity, low leverage (1.6x), and initiated shareholder returns (dividend and $75M buyback authorization). Key negatives are a higher-than-expected Iraq capex estimate, elevated near-term maintenance and growth capital (first-half weighted with a ~$220M vessel payment), modest hurricane-related Q4 impacts, and some remaining execution/commercial uncertainties around the FSRU conversion and redeployments. Overall, the highlights significantly outweigh the lowlights.Positive Updates
Record Adjusted EBITDA and Strong YoY Growth
Full year 2025 adjusted EBITDA of $449 million (record), up about $100 million or ~30% year-over-year versus prior year.
Negative Updates
Iraq Terminal Capital Cost Increase
Total estimated capital for the Iraq terminal revised upward to $520M–$550M (inclusive of FSRU) due to jetty structural reinforcement and scope refinements; all-in cost of the FSRU remains roughly $370M with ~$220M remaining payment due in Q2 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Adjusted EBITDA and Strong YoY Growth
Full year 2025 adjusted EBITDA of $449 million (record), up about $100 million or ~30% year-over-year versus prior year.
Read all positive updates
Company Guidance
Excelerate guided full‑year 2026 adjusted EBITDA of $515–$545 million (midpoint >$80M above 2025’s record $449M, which was up ~30% year‑over‑year), backed by a full year of Jamaica, a partial year of Iraq and incremental uplift from QatarEnergy/Petrobangla supply deals; 2026 maintenance CapEx is forecast at $100–$110M (dry docks: Exquisite Q2, Explorer Q1, Express Q4) and committed growth capital $370–$400M (including roughly $220M remaining for newbuild Hull 3407, $140–$170M for the Iraq integrated terminal and $10M other). Management said Hull 3407’s all‑in vessel cost is roughly $370M with ~$220M due in Q2, the Iraq terminal all‑in CapEx is now expected to be $520–$550M (inclusive of the FSRU) and the project is on track to start operations in Q3 2026 with an expected ~5x EBITDA build multiple at a minimum 250 MMscf/d (scalable to 500 MMscf/d). Balance sheet metrics as of 12/31/25: total debt (incl. leases) $1.3B, cash $538M, full $500M revolver available, net debt $730M and trailing net leverage 1.6x; the Board approved a $0.08 quarterly dividend ($0.32 annualized) payable 3/26/26, targets low‑double‑digit annual dividend growth through 2028, and authorized a $75M share repurchase program; operational reliability exceeded 99.9% in 2025.Excelerate Energy, Inc. Class A Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.23B | 851.44M | 1.16B | 2.47B | 888.55M |
| Gross Profit | 395.41M | 408.08M | 412.40M | 259.68M | 200.41M |
| EBITDA | 418.54M | 315.79M | 326.70M | 296.87M | 271.57M |
| Net Income | 39.20M | 32.88M | 30.41M | 26.27M | 41.12M |
Balance Sheet | |||||
| Total Assets | 4.13B | 2.88B | 2.86B | 2.87B | 2.50B |
| Cash, Cash Equivalents and Short-Term Investments | 541.47M | 580.99M | 572.32M | 530.00M | 85.01M |
| Total Debt | 1.43B | 697.38M | 769.64M | 715.88M | 1.02B |
| Total Liabilities | 1.90B | 994.71M | 1.05B | 1.17B | 1.50B |
| Stockholders Equity | 682.48M | 487.99M | 505.45M | 477.35M | 1.12B |
Cash Flow | |||||
| Free Cash Flow | 277.02M | 131.18M | -80.85M | 105.82M | 105.52M |
| Operating Cash Flow | 440.01M | 244.44M | 231.88M | 225.09M | 141.61M |
| Investing Cash Flow | -1.18B | -113.26M | -308.63M | -119.27M | -36.09M |
| Financing Cash Flow | 744.34M | -149.02M | 111.36M | 341.18M | -124.10M |
Excelerate Energy, Inc. Class A Technical Analysis
Neutral
33.16
Price Trends
36.89
Negative
32.66
Positive
29.13
Positive
Market Momentum
-1.14
Positive
41.90
Neutral
14.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EE, the sentiment is Neutral. The current price of 33.16 is below the 20-day moving average (MA) of 34.00, below the 50-day MA of 36.89, and above the 200-day MA of 29.13, indicating a neutral trend. The MACD of -1.14 indicates Positive momentum. The RSI at 41.90 is Neutral, neither overbought nor oversold. The STOCH value of 14.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for EE.
Excelerate Energy, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $3.78B | 21.38 | 12.18% | 0.99% | 45.09% | 50.54% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | $1.74B | -231.49 | 10.05% | ― | 42.09% | 219.69% | |
54 Neutral | $544.87M | -9.34 | -117.28% | ― | -35.99% | -46.51% | |
47 Neutral | $3.44B | -6.52 | -41.93% | ― | 765.67% | -202.81% | |
47 Neutral | $54.11M | -4.03 | -602.83% | ― | 146.01% | 63.18% | |
46 Neutral | $2.43B | -14.43 | -12.87% | ― | -16.15% | -324.40% |
* Energy Sector Average
EE
Excelerate Energy, Inc. Class A
33.16
8.72
35.68%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.