Excelerate Energy beats Q3 revenue estimates

Excelerate Energy

05/11/2025 22:45

Overview

Excelerate Q3 revenue rises, beating analyst expectations

Adjusted net income for Q3 beats estimates, driven by Jamaica operations

The LNG infrastructure services provider raises full-year 2025 adjusted EBITDA guidance

Outlook

Excelerate raises full-year 2025 Adjusted EBITDA guidance to $435 mln-$450 mln

Company expects limited financial impact from Hurricane Melissa in Q4

Maintenance capex for 2025 expected to range between $65 mln and $75 mln

Result Drivers

JAMAICA OPERATIONS - Full quarter of Jamaica margin and higher LNG, gas, and power sales opportunities boosted Q3 results

IRAQ LNG TERMINAL - Executed agreement for Iraq's first LNG import terminal, contributing to strategic growth

HURRICANE IMPACT - Limited financial impact from Hurricane Melissa due to comprehensive insurance and timely restoration

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$391 mln
$286.20 mln (4 Analysts)
Q3 Adjusted Net Income
Beat
$57.10 mln
$10.30 mln (3 Analysts)
Q3 Net Income
$55 mln
Q3 Adjusted EBITDA
Beat
$129.30 mln
$112.50 mln (9 Analysts)
Q3 Operating Income
$87.20 mln
Q3 Pretax Profit
$62.98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the natural gas utilities peer group is "buy"

Wall Street's median 12-month price target for Excelerate Energy Inc is $34.50, about 25.8% above its November 4 closing price of $25.60

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw8GYXvWa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)