Excelerate Energy Reports Strong Preliminary Q1 2025 Results; Highlights Growth and Liquidity

Excelerate Energy, Inc. (NYSE: EE) announced preliminary financial results for the first quarter ended March 31, 2025, indicating another quarter of solid performance. Income before income taxes is expected to be in the range of $52 to $59 million, with adjusted EBITDA between $96 and $101 million.

The company’s cash and cash equivalents totaled between $600 and $620 million at quarter-end, excluding approximately $175.5 million in net proceeds received on April 2 from its public stock offering. Excelerate also reported that its $350 million revolving credit facility remained fully undrawn.

CFO Dana Armstrong stated the results reflect continued strong execution and cost discipline. She also highlighted the strategic acquisition of a liquefied natural gas (LNG) and power platform in Jamaica, expected to expand Excelerate’s global footprint and strengthen earnings and cash flow.

Adjusted EBITDA was calculated by adding back interest, depreciation, accretion, incentive compensation, and transaction costs to pre-tax income. The company reiterated these are preliminary estimates, pending completion of its quarter-end review process.

Excelerate emphasized its long-term focus on shareholder value and capital discipline, while cautioning that actual results may differ materially once finalized.

The company continues to expand globally, with operations spanning the U.S., Latin America, the Middle East, and Asia.