Excelerate Energy, reported its financial results for the second quarter ended June 30, 2025.
RECENT HIGHLIGHTS
Reported Net Income of $20.8 million for the second quarter
Reported Adjusted Net Income of $46.8 million for the second quarter
Reported Adjusted EBITDA of $107.1 million for the second quarter
Closed acquisition of the Jamaica integrated LNG and power platform in May; integration is on track and assets are exceeding operational expectations
Raised Full Year 2025 Adjusted EBITDA guidance, now expected to range between $420 million and $440 million
Declared a quarterly cash dividend of $0.08 per share, or $0.32 per share on an annualized basis, representing an approximately 33 percent increase from the prior quarter, payable on September 4, 2025
CEO COMMENT
“Excelerate delivered another robust quarter, demonstrating the strength of our business model and our focus on operational excellence. Our results reflect the performance of our terminal services and early contributions from our Jamaica operations,” said Steven Kobos, President and CEO of Excelerate.
“The Jamaica transaction represents a strategic inflection point for Excelerate. Our growth strategy has long included owning and operating downstream infrastructure assets and today, our business model reflects that ambition. With the addition of the Montego Bay and Old Harbour LNG terminals and the Clarendon CHP plant, we’ve expanded our role in the LNG value chain and created a more diversified platform for growth. We remain focused on executing against the opportunity set in front of us and creating lasting value for our shareholders.”