Excelerate Energy reported its financial results for the first quarter ended March 31, 2025.
RECENT HIGHLIGHTS
- Reported Net Income of $52.1 million for the first quarter
- Reported Adjusted Net Income of $55.6 million for the first quarter
- Reported Adjusted EBITDA of $100.4 million for the first quarter
- Raised Full Year 2025 Adjusted EBITDA guidance, now expected to range between $345 million and $365 million
- Declared a quarterly cash dividend of $0.06 per share, or $0.24 per share on an annualized basis, payable on June 5, 2025
“Excelerate delivered another quarter of strong earnings results. Our first quarter performance underscores the effective execution of our strategy and our ongoing efforts in cost management across the organization,” said Steven Kobos, President and CEO of Excelerate. “Additionally, we are excited about our recently announced acquisition of an integrated LNG and power platform in Jamaica. This strategic transaction is anticipated to expand and diversify our global presence, increase our earnings, and improve our operating cash flow. We are committed to enhancing shareholder returns through our disciplined approach to capital allocation and our unwavering focus on near-term value creation.”