EE

MKT CAP:$4B

Excelerate Energy, Inc.

Market Cap

$4B

Utilities·Renewable Utilities·🇺🇸 United States·NYSE

Utilities·Renewable·🇺🇸·NYSE

Stock Price

$33.79+$5.45 (+19.23%)

Apr 17, 2026

Company Details

Excelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG...

CEO

Steven Kobos

IPO Date

Apr 13, 2022

Website

www.excelerateenergy.com

Key Metrics TTM

Revenue

$1.2B

-43.3% YoY

Net Income

$38M

EPS (Diluted)

$1.25

Free Cash Flow

$127M

Revenue / Share

$37.27

Gross Margin

35.9%

Operating Margin

21.1%

Net Margin

3.1%

FCF Margin

10.4%

P/S

3.2x

P/E

103.8x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 25, 2026

$1.2B+44.3%EPS $1.28

Q4 2025

Feb 25, 2026

$318M+15.7%EPS $0.28

Q3 2025

Nov 6, 2025

$391MEPS $0.43

FY 2024

Feb 27, 2025

$851M-26.5%EPS $1.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$623M	$79M	$39M
Q3 22	$803M	$95M	$50M
Q4 22	$455M	$105M	$58M
Q3 23	$275M	$120M	$67M
Q4 23	$240M	$89M	$40M
Q4 24	$275M	$106M	$60M
Q3 25	$391M	$145M	$87M
Q4 25	$318M	$99M	$71M

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q3 23	0.7x	57.8x
Q4 23	0.8x	43.1x
Q4 24	2.1x	75.3x
Q3 25	2.4x	67.9x
Q4 25	2.7x	86.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$22M	-$9M
Q3 22	-$6M	-$28M
Q4 22	$241M	$185M
Q3 23	$171M	$159M
Q4 23	$37M	$28M
Q4 24	$50M	-$14M
Q3 25	$115M	$63M
Q4 25	$83M	$50M

Capital Expenditures

Quarter	CapEx
Q2 22	$31M
Q3 22	$22M
Q4 22	$55M
Q3 23	$12M
Q4 23	$8M
Q4 24	$64M
Q3 25	$52M
Q4 25	$34M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	-61.5%	-65.7%
Q4 24	-65.8%	-71.5%
Q3 25	-14.1%	-23.4%
Q4 25	+15.3%	+18.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$1M	0.4%
Q4 24	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q3 25	$23M
Q4 25	$28M

Revenue Segments

Quarter	FSRU And Terminal Services	Gas sales Member
Q2 22	$110M	$513M
Q3 22	$115M	$688M
Q4 22	$122M	$333M
Q3 23	$133M	$142M
Q4 23	$130M	$110M

Revenue by Geography

Quarter	Asia Pacific	Europe	Latin America	Middle East	Other
Q4 24	$123M	$29M	$54M	$38M	$29M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$83M	$13M	$96M
Q2 22	$389M	$0	$389M
Q3 22	$349M	$0	$349M
Q4 22	$517M	$13M	$530M
Q1 23	$530M	$0	$530M
Q2 23	$465M	$0	$465M
Q3 23	$606M	$0	$606M
Q4 23	$556M	$16M	$572M
Q1 24	$579M	$18M	$597M
Q2 24	$609M	$19M	$628M
Q3 24	$608M	$43M	$651M
Q4 24	$538M	$43M	$581M
Q1 25	$619M	$44M	$664M
Q2 25	$426M	$45M	$471M
Q3 25	$463M	$0	$463M
Q4 25	$541M	$0	$541M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	26M	—	—
Q3 22	26M	+0.0%	—
Q4 22	26M	-0.0%	—
Q3 23	26M	+0.1%	—
Q4 23	26M	+0.0%	+0.1%
Q4 24	24M	-7.9%	-7.9%
Q3 25	33M	+35.2%	+24.5%
Q4 25	33M	+0.4%	+24.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q3 23	—	—
Q4 23	—	—
Q4 24	$298.8K	919
Q3 25	$425.5K	919
Q4 25	$345.6K	919

Revenue / Employee