Excelerate Energy, reported its financial results for the first quarter ended March 31, 2026.
RECENT HIGHLIGHTS
- Reported Net Income of $50.0 million for the first quarter
- Reported Adjusted EBITDA of $122.2 million for the first quarter
- Executed a definitive nine-month time charter party agreement with Jordan’s National Electric Power Company to deploy the FSRU Excelerate Acadia to the country’s existing LNG import terminal in Aqaba
- Declared a quarterly cash dividend of $0.08 per share, payable on June 4, 2026
CEO COMMENT
“Excelerate delivered strong financial and operational results in the first quarter, demonstrating the strength of our contracted asset portfolio and the consistency of our operations around the world. Our global footprint provides revenue and earnings diversification, and it is a core reason we are able to perform across market cycles,” said Steven Kobos, President and CEO of Excelerate Energy.
Kobos continued, “Approximately 200 million tonnes of new LNG supply are expected to come online by the end of the decade, and the push for greater supply diversification is accelerating. The need for regasification infrastructure is growing. Our position as a leading global provider, combined with the strength of our balance sheet, positions us to meet that need.
We are revising our full-year guidance to reflect the delayed startup of our Iraq terminal due to the ongoing conflict in the Middle East, mitigated in part by the expected interim deployment of the Excelerate Acadia to Jordan. The Iraq project fundamentals remain unchanged. Looking ahead, we continue to have confidence in our sequenced earnings growth through 2028.”