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Excelerate Energy, Inc. Class A
(NYSE:EE)
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Rating:61Neutral
Price Target:
$41.00
▲(8.84% Upside)
Action:Reiterated
Date:08/06/26
EE’s score is held back primarily by weak recent free cash flow and deteriorated cash conversion, plus uncertainty from inconsistent leverage/margin readings in the financial statements. Offsetting this, technicals are modestly constructive with price above key longer-term moving averages and neutral-to-positive momentum. The earnings call was a notable positive due to raised/narrowed EBITDA guidance, strong liquidity/leverage metrics, and increased capital returns, while valuation provides limited support given the 31.166 P/E and ~0.815% dividend yield.
Positive Factors
Liquidity & manageable leverage
Strong liquidity and a sub-2x trailing net leverage position provide durable financing flexibility for multi-year FSRU projects, support continued dividends and buybacks, and reduce refinancing risk during capex cycles, bolstering resilience across 2–6 months and beyond.
Negative Factors
Weak free cash flow
A sharp collapse in free cash flow and deteriorated cash conversion limit the firm's ability to fund growth capex, conversions, and dividends organically. Persistent weak FCF raises reliance on revolver or refinancing, increasing funding cost and long‑term financial fragility if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Liquidity & manageable leverage
Strong liquidity and a sub-2x trailing net leverage position provide durable financing flexibility for multi-year FSRU projects, support continued dividends and buybacks, and reduce refinancing risk during capex cycles, bolstering resilience across 2–6 months and beyond.
Read all positive factors
Excelerate Energy, Inc. Class A (EE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.95B
Dividend Yield0.9%
Average Volume (3M)340.39K
Price to Earnings (P/E)23.8
Beta (1Y)0.50
Revenue Growth48.97%
EPS Growth3.43%
CountryUS
Employees1,046
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)1.49
Shares Outstanding31,380,716
10 Day Avg. Volume280,506
30 Day Avg. Volume340,389
Financial Highlights & Ratios
PEG Ratio13.81
Price to Book (P/B)1.23
Price to Sales (P/S)0.68
P/FCF Ratio3.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$44.43Price Target Upside17.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.54
Revenue Forecast (FY)$1.51B
Excelerate Energy, Inc. Class A Business Overview & Revenue Model
Company Description
Excelerate Energy, Inc. is a worldwide supplier of versatile liquefied natural gas (LNG) solutions. The company's services are extensive, encompassing floating regasification, notably through its Floating Storage and Regasification Units (FSRUs), ...
How the Company Makes Money
Excelerate Energy makes money primarily by providing LNG regasification infrastructure and services. Its key revenue streams include: (1) FSRU-based terminal services, where customers pay under contracts for access to floating LNG storage and rega...
Excelerate Energy, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call's tone is broadly positive: management highlighted multiple operational and commercial wins (on-budget/new-asset delivery, strategic redeployments, long-term charters including a 7-year deal in Colombia, and a data point of +12% YoY adjusted EBITDA) and raised/narrowed full-year adjusted EBITDA guidance. The company also reinforced balance sheet strength (1.9x trailing net leverage, $342M cash, $500M revolver available), increased the dividend (~13%) and continued buybacks. Lowlights are largely execution- and timing-related (slight sequential EBITDA dip, higher near-term committed capex driven by pulled-forward Iraq costs, higher-than-expected conversion CapEx, and regional security/timeline risks). Overall, the positive operational momentum, improved guidance, asset deployments, and strong liquidity appear to outweigh the manageable risks and near-term cost increases.Positive Updates
Adjusted EBITDA and YoY Growth
Reported adjusted EBITDA of $120.1M for Q2 2026 (management rounded to $120M). Adjusted EBITDA increased ~12% versus Q2 2025, demonstrating year-over-year operational improvement.
Negative Updates
Slight Sequential EBITDA Decline
Adjusted EBITDA was described as "down slightly" versus the prior quarter (Q1 2026), indicating a modest sequential drag despite strong year-over-year growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Adjusted EBITDA and YoY Growth
Reported adjusted EBITDA of $120.1M for Q2 2026 (management rounded to $120M). Adjusted EBITDA increased ~12% versus Q2 2025, demonstrating year-over-year operational improvement.
Read all positive updates
Company Guidance
Excelerate raised and narrowed its full‑year 2026 guidance to adjusted EBITDA of $490–$515 million, committed growth capital of $380–$400 million, and maintenance CapEx of $85–$95 million (maintenance reduced due to deferral of the Exquisite dry dock; growth capex increased primarily as certain Iraq project costs were pulled into 2026 and includes a 10% down payment on the Methane Patricia Camila due in Q3). In Q2 the company reported adjusted EBITDA of ~$120.1 million and net income of $50 million, with Q2 maintenance CapEx of $14 million and committed growth capital of $241 million (inclusive of the Acadia final payment); the Acadia is expected to add ~ $20 million of EBITDA in 2026. Liquidity/solvency metrics as of June 30: total debt (including finance leases) $1.2 billion, cash & equivalents $342 million, full $500 million revolver capacity available, net debt $898 million and trailing net leverage 1.9x; capital returns include a quarterly dividend of $0.09/share (≈13% increase) and Q2 repurchases of ~693,000 shares for ~$24 million at a $33.93 weighted average price. Key project timing and conversion metrics: Iraq terminal targeted to commence operations early Q2 2027 with a minimum contracted offtake of 250 million standard cubic feet per day under a five‑year regasification and LNG supply agreement; Excelerate agreed to buy the Methane Patricia Camila for ~ $79 million to support an FSRU conversion expected available for commercial deployment in early 2028 (conversion CapEx previously guided around $200 million but is expected to increase with target unlevered after‑tax returns in the low double digits to mid‑teens and implied CapEx-to-EBITDA ~5x–7x).Excelerate Energy, Inc. Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47B | 1.23B | 851.44M | 1.16B | 2.47B | 888.55M |
| Gross Profit | 544.06M | 395.41M | 408.08M | 412.40M | 259.68M | 200.41M |
| EBITDA | 486.07M | 418.54M | 340.95M | 343.18M | 296.87M | 271.57M |
| Net Income | 47.48M | 39.20M | 32.88M | 30.41M | 26.27M | 41.12M |
Balance Sheet | ||||||
| Total Assets | 4.16B | 4.13B | 2.88B | 2.86B | 2.87B | 2.50B |
| Cash, Cash Equivalents and Short-Term Investments | 345.68M | 541.47M | 580.99M | 572.32M | 530.00M | 85.01M |
| Total Debt | 1.39B | 1.43B | 697.38M | 769.64M | 715.88M | 1.02B |
| Total Liabilities | 1.89B | 1.90B | 994.71M | 1.05B | 1.17B | 1.50B |
| Stockholders Equity | 686.81M | 682.48M | 487.99M | 505.45M | 477.35M | 1.12B |
Cash Flow | ||||||
| Free Cash Flow | 36.60M | 277.02M | 131.18M | -80.85M | 105.82M | 105.52M |
| Operating Cash Flow | 432.33M | 440.01M | 244.44M | 231.88M | 225.09M | 141.61M |
| Investing Cash Flow | -367.06M | -1.18B | -113.26M | -308.63M | -119.27M | -36.09M |
| Financing Cash Flow | -145.48M | 744.34M | -149.02M | 111.36M | 341.18M | -124.10M |
Excelerate Energy, Inc. Class A Technical Analysis
Negative
37.67
Price Trends
36.59
Negative
35.45
Negative
33.49
Positive
Market Momentum
0.04
Positive
33.53
Neutral
25.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EE, the sentiment is Negative. The current price of 37.67 is below the 20-day moving average (MA) of 38.50, above the 50-day MA of 36.59, and above the 200-day MA of 33.49, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 33.53 is Neutral, neither overbought nor oversold. The STOCH value of 25.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
61 Neutral | $3.95B | 23.83 | 10.90% | 0.85% | 48.97% | 3.43% | |
57 Neutral | $2.25B | 20.09 | 8.54% | ― | 30.87% | 121.64% | |
53 Neutral | $4.22B | -3.57 | -31.82% | ― | -80.95% | -91.30% | |
47 Neutral | $632.53M | -4.84 | -171.04% | ― | 361.99% | 22.34% | |
43 Neutral | $48.78M | -0.39 | 506.75% | ― | 131.30% | 87.66% | |
42 Neutral | $2.44B | -21.08 | -20.75% | ― | 7.46% | -329.43% |
* Energy Sector Average
EE
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Excelerate Energy, Inc. Class A Corporate Events
Executive/Board ChangesShareholder Meetings
Excelerate Energy Stockholders Approve Directors and Governance Items
Positive
Jun 5, 2026
Excelerate Energy, Inc. held its 2026 Annual Meeting of Stockholders on June 4, 2026, where shareholders elected all seven director nominees to serve until the 2027 annual meeting or until their successors are duly chosen. The directors elected we...
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.