Excelerate Energy, Inc. Class A (EE)
NYSE:EE
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Excelerate Energy, Inc. Class A
(NYSE:EE)
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Rating:59Neutral
Price Target:
$35.00
▲(0.29% Upside)
Action:Reiterated
Date:05/09/26
The score is supported by improving operations and a constructive earnings-call outlook (EBITDA growth, high reliability, incremental 2026 EBITDA from Acadia, and capital returns). It is held back mainly by financial statement quality concerns (likely one-time distortions) and balance-sheet leverage risk, with technicals remaining neutral-to-slightly negative.
Positive Factors
Contracted, asset-backed revenue
High contract-backed revenues and 99.8% fleet reliability produce predictable cash flows and lower revenue volatility. Long-term charters and strong uptime provide durable EBITDA visibility, supporting multi-year capacity to fund maintenance, debt service, and shareholder distributions.
Negative Factors
Elevated leverage
Debt running multiple times equity increases refinancing and liquidity risk and constrains strategic optionality. Elevated leverage limits the firm's ability to absorb project delays, undertake large FSRU conversions or pursue opportunistic growth without adding more debt or diluting equity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Contracted, asset-backed revenue
High contract-backed revenues and 99.8% fleet reliability produce predictable cash flows and lower revenue volatility. Long-term charters and strong uptime provide durable EBITDA visibility, supporting multi-year capacity to fund maintenance, debt service, and shareholder distributions.
Read all positive factors
Excelerate Energy, Inc. Class A (EE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.02B
Dividend Yield0.99%
Average Volume (3M)366.79K
Price to Earnings (P/E)21.8
Beta (1Y)0.61
Revenue Growth39.34%
EPS Growth-19.07%
CountryUS
Employees919
SectorEnergy
Sector Strength52
IndustryRenewable Utilities
Share Statistics
EPS (TTM)1.26
Shares Outstanding31,837,830
10 Day Avg. Volume351,614
30 Day Avg. Volume366,789
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 Cap1.25
Enterprise Value/Revenue3.74
Enterprise Value/Gross Profit11.37
Enterprise Value/Ebitda11.67
Forecast
1Y Price Target
$42.57Price Target Upside21.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.56
Revenue Forecast (FY)$1.54B
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:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial picture: sequential growth in adjusted EBITDA (+~9%) and net income (+28% QoQ), high asset reliability (99.8%), a strong balance sheet with $540 million cash and available revolver capacity, successful delivery and short-term redeployment of a new FSRU (Acadia) generating an incremental ~$20 million EBITDA, and growing contribution from the Jamaica platform. Offsetting these positives are geopolitical-driven challenges — notably a Force Majeure on a supply agreement, an estimated ~$1 million/month impact while the Strait of Hormuz is closed, and a delay of the Iraq terminal from Q3 2026 to 2027 that required revised 2026 guidance and deferred growth capex. Management emphasized the structural demand for regas capacity and maintained a sequenced growth plan through 2028. Overall, operational strength and balance sheet flexibility appear to outweigh the near-term geopolitical setbacks.Positive Updates
Strong Adjusted EBITDA and Reliability
Adjusted EBITDA of $122 million for Q1 2026 (up roughly $10 million, ~9% sequentially) and 99.8% reliability across the asset portfolio, demonstrating operational resilience and contract-backed earnings.
Negative Updates
Iraq Terminal Start-Up Delay
Integrated Iraq LNG import terminal startup moved from Q3 2026 to 2027 due to logistical constraints (jetty reinforcement and fixed terminal construction) caused by the Middle East conflict; guidance and project timing shifted as a result.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Adjusted EBITDA and Reliability
Adjusted EBITDA of $122 million for Q1 2026 (up roughly $10 million, ~9% sequentially) and 99.8% reliability across the asset portfolio, demonstrating operational resilience and contract-backed earnings.
Read all positive updates
Company Guidance
Management updated 2026 guidance and capital priorities: full‑year adjusted EBITDA is now expected to be $480–$510 million, committed growth capital $270–$300 million (excluding FSRU conversion costs), and maintenance CapEx remains $100–$110 million. First‑quarter results included adjusted EBITDA of $122 million, net income of $50 million, maintenance CapEx of $8 million and committed growth capital of $17 million; the newbuild Acadia (delivered in April) was placed on a 9‑month NEPCO charter expected to generate roughly $20 million of adjusted EBITDA in 2026. Balance sheet metrics as of March 31, 2026: total debt (including finance leases) $1.3 billion, cash $540 million, full $500 million revolver available, net debt $714 million and trailing net leverage 1.5x; the Board approved a $0.08 quarterly dividend ($0.32 annualized) payable June 4, 2026, a $75 million share repurchase authorization (about $5 million, ~148k shares repurchased in Q1 at a $34.07 average), and dry‑dock and redeployment timing (Express Q3 dry dock then redeploy to Pakistan in Q4; Exquisite Q4). Other guidance items: Iraq integrated terminal start‑up is delayed from Q3 2026 to 2027 (contract is 60 months from commencement), management expects roughly $1 million/month impact while the Strait of Hormuz is closed, and a signed LOI with Seatrium for an FSRU conversion (commercial terms ongoing) which is expected to contribute incremental EBITDA in 2028.Excelerate Energy, Inc. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.23B | 851.44M | 1.16B | 2.47B | 888.55M |
| Gross Profit | 442.72M | 395.41M | 408.08M | 412.40M | 259.68M | 200.41M |
| EBITDA | 431.60M | 418.54M | 315.79M | 326.70M | 296.87M | 271.57M |
| Net Income | 40.13M | 39.20M | 32.88M | 30.41M | 26.27M | 41.12M |
Balance Sheet | ||||||
| Total Assets | 4.14B | 4.13B | 2.88B | 2.86B | 2.87B | 2.50B |
| Cash, Cash Equivalents and Short-Term Investments | 544.33M | 541.47M | 580.99M | 572.32M | 530.00M | 85.01M |
| Total Debt | 1.41B | 1.43B | 697.38M | 769.64M | 715.88M | 1.02B |
| Total Liabilities | 1.88B | 1.90B | 994.71M | 1.05B | 1.17B | 1.50B |
| Stockholders Equity | 691.11M | 682.48M | 487.99M | 505.45M | 477.35M | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | 33.87B | 277.02M | 131.18M | -80.85M | 105.82M | 105.52M |
| Operating Cash Flow | 60.31B | 440.01M | 244.44M | 231.88M | 225.09M | 141.61M |
| Investing Cash Flow | -27.45B | -1.18B | -113.26M | -308.63M | -119.27M | -36.09M |
| Financing Cash Flow | -30.04B | 744.34M | -149.02M | 111.36M | 341.18M | -124.10M |
Excelerate Energy, Inc. Class A Technical Analysis
Positive
34.90
Price Trends
34.20
Positive
34.99
Positive
30.36
Positive
Market Momentum
0.42
Negative
52.17
Neutral
69.53
Neutral
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 34.9 is above the 20-day moving average (MA) of 34.85, above the 50-day MA of 34.20, and above the 200-day MA of 30.36, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 69.53 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | $4.02B | 21.75 | 5.92% | 0.99% | 39.34% | -19.07% | |
57 Neutral | $2.02B | 14.24 | 8.54% | ― | 30.87% | 121.64% | |
54 Neutral | $3.49B | ― | -10.50% | ― | 10.93% | -73.80% | |
53 Neutral | $896.58M | ― | -171.06% | ― | 361.99% | 23.03% | |
51 Neutral | $4.14B | -10.08 | -40.01% | ― | -61.93% | -66.79% | |
45 Neutral | $105.82M | ― | 506.75% | ― | 131.30% | 87.66% |
* Energy Sector Average
EE
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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.