Excelerate Energy Reports Record Q3 2026 Adjusted EBITDA Driven by New Charters
Excelerate Energy (EE) reported record third-quarter performance for 2026, achieving an adjusted EBITDA of $133.5 million and net income of $60 million. While total revenues decreased to $297.2 million from the prior-year quarter due to delivery timing under the Atlantic Basin agreement, gross margins saw a sequential increase. The company's growth is being fueled by strategic expansions in Jordan, Iraq, and the Bahamas. Looking ahead, management narrowed its full-year adjusted EBITDA guidance to a range of $495 million to $515 million. Key long-term drivers include the FSRU conversion project for the Methane Patricia Camila and the development of an LNG hub in the Bahamas. The company maintains a strong liquidity position with $356.7 million in unrestricted cash and a trailing net leverage of 1.8x, supporting its capital allocation strategy including dividend growth.
Topics: capital expenditure earnings report EBITDA financial guidance revenue
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