Want to see EE full AI Analyst Report?
EarningsQ2 2026 Earnings Report
EE Q2 2026 EPS Results
Actual EPS$0.37
Consensus EPS$0.35
Beat/MissBeat by +$0.02
One Year Ago EPS$0.15
EE Q2 2026 Revenue Results
Actual Revenue$329.26M
Expected Revenue$344.27M
Beat/MissMissed by -$15.01M
YoY Revenue Growth+60.97%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
EE Upcoming Earnings
Excelerate Energy, Inc. Class A's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
EE Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
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.Company Guidance
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.
Net Income and Sequential Stability
Net income of $50M in Q2 2026, roughly flat versus Q1 2026 (approximately 0% sequential change), indicating stable profitability quarter-to-quarter.
Raised and Narrowed Full-Year Guidance
Full-year 2026 adjusted EBITDA guidance raised and narrowed to a range of $490M–$515M. Committed growth capital guidance raised and narrowed to $380M–$400M, reflecting confidence in contracted business and asset optimization.
Balance Sheet Strength and Liquidity
Total debt (including finance leases) of $1.2B; cash and cash equivalents of $342M; full $500M capacity under revolving credit facility available. Net debt of $898M and trailing net leverage of 1.9x (well below the company target range), supporting growth funding and returns.
Capital Return to Shareholders
Board approved a quarterly cash dividend of $0.09 per Class A share, ~13% increase versus the prior quarter. Continued share repurchases in Q2: ~693,000 Class A shares repurchased for ~$24M at a weighted average price of $33.93 per share.
Successful Asset Delivery and Opportunistic Redeployment — Acadia
Excelerate Acadia (newest FSRU) delivered in April on budget and ahead of schedule. Signed a 9-month charter with Jordan's NEPCO; operations began in July and the deployment is expected to contribute approximately $20M of EBITDA in 2026.
Strategic Longer-Term Contracts — Express Redeployment to Colombia
Signed a 7-year charter with a Frontera subsidiary to redeploy FSRU Express to a new LNG import terminal on Colombia's Caribbean coast. Expected to begin service in early 2027 and increase Express' annual EBITDA contribution by ~35% versus its current contract.
Iraq LNG Import Terminal Advancement
Definitive agreement executed (Oct 2025) to develop Iraq's first LNG import terminal: integrated project with a five-year regasification and LNG supply agreement, extension options, and minimum contracted offtake of 250 million standard cubic feet/day. Engineering and procurement nearing completion, site preparation ongoing, with operations now expected early Q2 2027.
FSRU Conversion Strategy and Donor Vessel Acquisition
Entered definitive agreement to purchase LNG carrier Methane Patricia Camila for ~$79M as the donor for the first conversion. The vessel's 170,000 m3 capacity, TFDE power generation and reliquefaction make it a high-capability conversion candidate. Regasification plant ordered; converted FSRU expected commercially deployable in early 2028.
Jamaica Platform Integration and Caribbean Opportunity
One-year post-acquisition of integrated Jamaica LNG & power platform: full integration achieved, incremental LNG sales and first deliveries to destinations outside Jamaica in Q2. Platform being leveraged as a repeatable model across the Caribbean.
EE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed