Core Viewpoint - Excelerate Energy reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing an increase from $0.35 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +50.00%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter ended September 2025 were $391.04 million, surpassing the Zacks Consensus Estimate by 27.53%, compared to $193.42 million in the same quarter last year [3] Stock Performance - Excelerate Energy shares have declined approximately 15.4% since the beginning of the year, while the S&P 500 has gained 15.1% [4] - The current Zacks Rank for Excelerate Energy is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $315.94 million, and for the current fiscal year, it is $1.34 on revenues of $1.14 billion [8] - The outlook for the industry, particularly the Alternative Energy - Other sector, is currently in the bottom 31% of Zacks industries, which may impact stock performance [9]

Financial Performance - Reported revenues of $391.0 million for Q3 2025, a 91% increase from $204.6 million in Q2 2025 and a 102% increase from $193.4 million in Q3 2024[4] - Net income for Q3 2025 was $55.0 million, up from $20.8 million in Q2 2025 and $45.5 million in Q3 2024[4] - Adjusted EBITDA for Q3 2025 reached $129.3 million, compared to $107.1 million in Q2 2025 and $92.3 million in Q3 2024, reflecting strong operational performance[4] - Operating income for the same period was $87,221,000, compared to $43,386,000 in the previous quarter and $59,739,000 in the same quarter last year, reflecting a strong operational performance[31] - For the three months ended September 30, 2025, the net income was $55,044,000, a significant increase from $20,765,000 in the previous quarter and $45,546,000 in the same quarter last year[39] - Adjusted EBITDA for the same period was $129,325,000, up from $107,137,000 in the previous quarter and $92,289,000 year-over-year[40] - The diluted earnings per share (EPS) for the quarter was $0.43, compared to $0.15 in the previous quarter and $0.35 in the same quarter last year[41] - Adjusted EPS increased to $0.45 from $0.34 in the previous quarter and remained stable at $0.35 year-over-year[41] Cash Flow and Assets - The company reported cash flows from operating activities of $356,821,000 for the nine months ended September 30, 2025, compared to $194,818,000 for the same period in 2024, indicating improved cash generation[35] - Total assets increased to $4,096,979,000 as of September 30, 2025, from $2,883,215,000 at the end of 2024, demonstrating significant growth in the company's asset base[33] - Cash and cash equivalents decreased to $462,618,000 as of September 30, 2025, from $537,522,000 at the end of 2024, reflecting cash utilization for investments[33] - As of September 30, 2025, the company had $462.6 million in unrestricted cash and cash equivalents, with $500 million available under its revolving credit facility[11] Investments and Expenditures - Executed a definitive commercial agreement for Iraq's first LNG import terminal, with a minimum contracted offtake of 250 million standard cubic feet per day (MMscf/d)[8] - Total project investment for the Iraq LNG terminal is expected to be approximately $450 million, including the cost of the floating storage and regasification unit (FSRU)[9] - Maintenance capital expenditures for 2025 are expected to range between $65 million and $75 million, with committed growth capital expected to be between $95 million and $105 million[13] - The company incurred net cash paid for acquisition amounting to $1,048,091,000 during the nine months ended September 30, 2025, indicating active investment in growth opportunities[35] Debt and Financial Obligations - The company’s long-term debt increased to $918,819,000 as of September 30, 2025, from $286,760,000 at the end of 2024, indicating a strategic leverage for growth[33] - Interest expense increased to $28,135,000 from $23,932,000 in the previous quarter and $15,122,000 year-over-year[40] - Depreciation and amortization expense rose to $31,758,000 from $25,518,000 in the previous quarter and $23,031,000 year-over-year[40] Dividends and Shareholder Returns - Declared a quarterly cash dividend of $0.08 per share, or $0.32 per share on an annualized basis, payable on December 4, 2025[12] - The weighted average shares outstanding increased to 32,001,766 for basic shares as of September 30, 2025, compared to 31,489,508 in the previous quarter, indicating potential dilution from equity financing[31] Guidance and Future Outlook - Full Year 2025 Adjusted EBITDA guidance raised to a range of $435 million to $450 million, accounting for impacts from Hurricane Melissa[7][13] - The company expects adjusted EBITDA for 2025 to range between $435 million and $450 million, with a low case of $179 million and a high case of $204 million for income before income taxes[42] Operational Efficiency - Adjusted Gross Margin for the three months ended September 30, 2025, was $144,635,000, compared to $118,106,000 in the previous quarter and $106,589,000 in the same quarter last year, reflecting improved profitability[38] - Transition and transaction expenses for the quarter were $2,217,000, a decrease from $27,659,000 in the previous quarter[40] - Long-term incentive compensation expense was $3,265,000, slightly up from $3,206,000 in the previous quarter and significantly higher than $1,966,000 year-over-year[40]

Core Points - Excelerate Energy, Inc. has partnered with several organizations to mobilize over one million USD in aid for Jamaica following Hurricane Melissa [1] Group 1 - Excelerate Energy, in collaboration with Food For The Poor Jamaica, Project C.U.R.E., World Central Kitchen, ODPEM, and MoHW, is actively involved in relief and recovery efforts [1] - The financial support aims to address the critical needs arising from the devastation caused by Hurricane Melissa [1]

Core Insights - Excelerate Energy, Inc. (NYSE:EE) has experienced a share price increase of 4.13% from October 3 to October 10, 2025, making it one of the top-performing energy stocks during that week [1] - The company has secured a significant contract from the Iraqi government to develop an integrated floating LNG import terminal, which will enhance Iraq's energy security and support domestic power generation [2][3] Company Developments - The award from the Iraqi government is aimed at stabilizing the national grid and diversifying Iraq's energy supply away from unreliable natural gas sources [3] - Steven Kobos, President and CEO of Excelerate Energy, emphasized the importance of the strategic partnership with the Iraqi government and expressed gratitude for the trust placed in the company [4] Market Performance - Despite the recent share price increase, Excelerate Energy's stock has declined by over 14% since the beginning of 2025 [4]

Core Insights - Excelerate Energy, Inc. (NYSE:EE) is under scrutiny due to concerns about its performance in the energy sector, particularly regarding its LNG terminal services [1][2] - The company operates 11 specialized floating storage regasification units, which convert LNG back into natural gas, making it suitable for countries lacking infrastructure [2] - Despite the potential for growth in the EU's LNG imports from the U.S., the stock has not performed well since its IPO, leading to a cautious outlook [2] Company Overview - Excelerate Energy provides liquefied natural gas solutions, including regasification, infrastructure development, and LNG supply [2] - The company has specialized structures that facilitate the quick acceptance of LNG cargoes in regions with limited existing infrastructure [2] Market Context - The energy sector is currently viewed as unfavorable, impacting investor sentiment towards Excelerate Energy [1] - There is a belief that other sectors, particularly AI stocks, may offer better investment opportunities with higher upside potential and lower risks [2]

Core Points - Excelerate Energy, Inc. will release its third quarter 2025 results on November 5, 2025, after U.S. financial markets close [1] - A conference call for analysts and investors is scheduled for November 6, 2025, at 8:30 a.m. Eastern Time [2] - Excelerate Energy is a U.S.-based LNG company focused on providing integrated services along the LNG-to-power value chain [3] Company Overview - Excelerate Energy is located in The Woodlands, Texas, and aims to change global access to cleaner energy [3] - The company offers a full range of flexible regasification services, including floating LNG terminals, infrastructure development, LNG supply, and power generation [3] - Excelerate has a global presence in various cities, including Abu Dhabi, Antwerp, Boston, and Singapore [3]

Core Insights - Excelerate Energy, Inc. has received an official Award Letter from the Government of Iraq to develop an integrated floating liquefied natural gas (LNG) import terminal, which is a significant step in Iraq's energy diversification strategy [1] Company Summary - The project approval was granted by Iraq's Prime Minister Mohammed Shia' al-Sudani, indicating high-level governmental support for the initiative [1] - The development of the LNG import terminal aligns with Iraq's efforts to diversify its energy sources and enhance energy security [1] Industry Summary - The establishment of an integrated floating LNG import terminal represents a growing trend in the energy sector towards utilizing LNG as a cleaner energy source [1] - This project could potentially influence the regional energy market dynamics by increasing LNG availability in Iraq [1]

Industry Overview - The U.S. Energy Department reported a natural gas injection of 90 billion cubic feet (Bcf) for the week ended Sept. 12, exceeding market expectations of 78 Bcf and the five-year average of 74 Bcf [3][9] - Total natural gas stocks reached 3,433 Bcf, which is 204 Bcf (6.3%) higher than the five-year average, but only 4 Bcf (0.1%) below the 2024 level [4][9] - Natural gas prices closed at $2.888, down 1.8% from the previous week, influenced by oversupply, weaker LNG exports, and reduced demand [5][9] Market Dynamics - Analysts remain optimistic about the natural gas market, citing robust industrial demand, steady U.S. output, and rising LNG exports as factors likely to tighten balances and support firmer pricing moving into 2026 [1][7] - The total supply of natural gas averaged 111.8 Bcf per day, a decrease of 0.6 Bcf per day from the previous week, due to lower dry production and reduced shipments from Canada [4] Company Focus - **The Williams Companies**: Positioned to benefit from long-term U.S. natural gas demand growth, with a strong portfolio of large-scale projects and handling a third of U.S. natural gas [10] - The Zacks Consensus Estimate for The Williams Companies' 2025 earnings per share indicates a 14.5% year-over-year growth [11] - **Cheniere Energy**: Holds a competitive advantage as the first company to receive regulatory approval for LNG exports from its Sabine Pass terminal, with significant revenue and earnings growth expected [12] - The Corpus Christi Stage 3 expansion is progressing well, with construction 68% complete [13] - **Excelerate Energy**: Specializes in LNG infrastructure and services, representing 20% of the global Floating Storage Regasification Units (FSRUs) fleet [14] - The Zacks Consensus Estimate for Excelerate Energy's 2025 earnings per share indicates a 5.5% year-over-year growth [15]

Core Insights - Excelerate Energy, Inc. operates in the liquefied natural gas (LNG) sector, facing competition from several companies in the utilities market [1][6] - The company's Return on Invested Capital (ROIC) is 5.21%, which is below its Weighted Average Cost of Capital (WACC) of 7.17%, indicating inefficiency in capital utilization [2][6] - Excelerate Energy's ROIC/WACC ratio is 0.73, suggesting there is potential for improvement compared to its peers [5][6] Financial Performance - Excelerate Energy's ROIC of 5.21% is lower than its WACC of 7.17%, raising concerns about its ability to generate returns exceeding its capital costs [2][6] - Among peers, PNM Resources has a significantly negative ROIC of -122.19% against a WACC of 4.24%, indicating severe capital inefficiency [3] - Black Hills Corporation leads in capital efficiency with a ROIC of 4.87% and a WACC of 5.40%, resulting in a ROIC/WACC ratio of 0.90, the highest among competitors [3][5] Peer Comparison - IDACORP, Inc. has a ROIC of 3.66% and a WACC of 5.62%, leading to a ROIC/WACC ratio of 0.65, which is lower than Excelerate Energy's ratio [4] - Avista Corporation and Southwest Gas Holdings have ROIC/WACC ratios of 0.81 and 0.59, respectively, both lower than Excelerate Energy's [4] - Overall, while Excelerate Energy's performance is not the best, it is better than some peers, indicating room for improvement in capital efficiency [5]

Core Insights - TimesSquare Capital Management reported a gross return of 11.28% and a net return of 11.02% for its "U.S. Small Cap Growth Strategy" in Q2 2025, underperforming the Russell 2000 Growth Index which returned 11.97% [1] - The fund's performance was attributed to double-digit returns in equities driven by global economic activity [1] Company Highlights - Excelerate Energy, Inc. (NYSE:EE) is highlighted as a leading provider of liquefied natural gas (LNG) solutions, with a one-month return of -2.79% and a 52-week gain of 28.15% [2] - As of September 10, 2025, Excelerate Energy's stock closed at $23.72 per share, with a market capitalization of $2.705 billion [2] - The stock saw a 3% increase as profits exceeded expectations for Q1, prompting management to raise full-year guidance [3] Hedge Fund Interest - Excelerate Energy, Inc. was held by 29 hedge fund portfolios at the end of Q2 2025, an increase from 22 in the previous quarter [4] - Despite its potential, some analysts suggest that certain AI stocks may offer greater upside potential and lower downside risk compared to Excelerate Energy [4]