Strong Financial Performance
Excelerate delivered $100 million of adjusted EBITDA and $56 million of adjusted net income for Q1 2025, with a 20% sequential increase in adjusted net income.
Operational Excellence
Excelerate maintained operational reliability above 99.9% and exceeded all primary safety targets, showcasing their commitment to operational excellence.
Strategic Acquisition in Jamaica
Excelerate announced a definitive agreement to acquire an integrated LNG infrastructure and power platform in Jamaica for approximately $1 billion, expected to be immediately accretive to EPS and enhance operational and financial profiles.
Increase in Financial Guidance
Based on Q1 results, Excelerate increased its adjusted EBITDA guidance range for 2025 to $345 million - $365 million.
Expansion and Growth Strategy
Excelerate continues to advance its fleet asset optimization and expansion strategy, including the construction of Hull 3407, which remains on track for mid-2026 delivery.
Robust Financial Position
Excelerate completed equity and debt financing for the Jamaica acquisition, with a $800 million offering of 8% senior unsecured notes due in 2030.