Excelerate Energy, Inc. reported its financial results for the third quarter ended September 30, 2026.
RECENT HIGHLIGHTS
- Reported Net Income of $60.0 million for the third quarter
- Reported Adjusted EBITDA of $133.5 million for the third quarter
- Executed an 11-year LNG supply agreement with AxDo Bahamas Ltd. (“AxDo”) supporting the development of the Bahamas LNG Hub, with AxDo serving as anchor customer of Excelerate’s planned offshore LNG storage and distribution terminal near the island of Grand Bahama
- Executed an agreement with Petróleo Brasileiro S.A. (“Petrobras”) to extend the FSRU Sequoia contract by five years through 2038 and to install a reliquefaction unit onboard the vessel during its next dry dock in 2028
- Declared a quarterly cash dividend of $0.09 per share, payable on December 3, 2026
CEO COMMENT
“Excelerate delivered record quarterly earnings, reflecting the essential role our infrastructure plays in strengthening energy security for the markets we serve. During the quarter, our teams continued to operate safely and reliably for our customers, and I’m proud of what they accomplished,” said Steven Kobos, President and CEO of Excelerate.
Kobos continued, “We also made meaningful commercial progress, securing new long-term agreements, extending existing ones, and expanding in the Caribbean with the planned Bahamas LNG Hub. The opportunities we’ve advanced span our footprint, adding diversity to our portfolio and reinforcing our position as a global provider of critical LNG infrastructure. This progress expands our contracted earnings base and advances our sequenced growth strategy, which we believe will create lasting value for our shareholders.”