Excelerate Energy Q2 adj EBITDA beats estimates on Jamaica platform contribution

Excelerate Energy

05/08/2026 22:01

Overview
U.S. LNG infrastructure firm's Q2 revenue rose yr/yr but missed analyst expectations
Adjusted net income and adjusted EBITDA for Q2 beat analyst expectations
Company raised quarterly dividend by 13% and lifted full-year adjusted EBITDA outlook

Outlook
Excelerate raises and narrows 2026 adj EBITDA outlook to $490 mln-$515 mln
Company lifts 2026 committed growth capital guidance to $380 mln-$400 mln
Maintenance capex for 2026 now seen at $85 mln-$95 mln, down on deferred dry dock

Result Drivers
JAMAICA PLATFORM - Full quarter contribution from Jamaica platform drove yr/yr increase in net income and adjusted EBITDA
SEASONAL IMPACTS - Sequential decrease in adjusted EBITDA was primarily due to LNG, gas and power seasonal impacts, partially offset by higher margins for Jamaica
EXPENSE CHANGES - Higher net income reflected absence of prior-year acquisition-related expenses, partially offset by higher interest expense

Company press release: ID:nBw6kgQg1a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$329.30 mln
$344.28 mln (7 Analysts)
Q2 Adjusted Net Income
Beat
$50.10 mln
$12.98 mln (6 Analysts)
Q2 Net Income
 
$50.10 mln
 
Q2 Adjusted EBITDA
Beat
$120.10 mln
$117.33 mln (11 Analysts)
Q2 Operating Income
 
$80.90 mln
 
Q2 Pretax Profit
 
$56.01 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "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 $43.00, about 9.7% above its August 4 closing price of $39.20
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Aug 3 - US LNG exports stall in July despite higher LNG prices
Aug 3 - Russia's LNG exports in January-July up 11% year-on-year, data shows
Aug 3 - Hess Midstream's Q2 adjusted EBITDA beats on lower operating costs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)