Excelerate Energy Q3 revenue drops, misses analyst expectations

Excelerate Energy

04/11/2026 21:53

Overview
U.S. LNG infrastructure firm's Q3 revenue fell and missed analyst expectations
Adjusted net income and adjusted EBITDA for Q3 beat analyst expectations
Company says higher earnings driven by new Jordan charter and improved LNG margins

Outlook
Company narrows 2026 adj EBITDA outlook to $495 mln-$515 mln
Company sees 2026 maintenance capex at $65 mln-$75 mln, down on deferred activities
Company raises 2026 growth capex guidance to $400 mln-$410 mln on FSRU conversion timing

Result Drivers
JORDAN CHARTER - Co said new charter in Jordan contributed to higher net income and adjusted EBITDA
DELIVERY TIMING - Co said timing of deliveries under Atlantic Basin agreement partially offset earnings growth
COMMERCIAL AGREEMENTS - Co said new and extended long-term agreements expanded contracted earnings base

Company press release: ID:nBw410C0Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$297.20 mln
$372.13 mln (7 Analysts)
Q3 Adjusted Net Income
Beat
$60 mln
$15.45 mln (6 Analysts)
Q3 Net Income
 
$60 mln
 
Q3 Adjusted EBITDA
Beat
$133.50 mln
$129 mln (11 Analysts)
Q3 Operating Income
 
$94.60 mln
 
Q3 Pretax Profit
 
$69.78 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "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 22.4% above its November 3 closing price of $35.13
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Nov 2 - US LNG exports hit second-highest monthly level on record as Europe demand surges
Nov 2 - Natural gas flows to Cheniere, Freeport LNG plants fall, LSEG data shows
Nov 2 - Metlen, Shell sign long-term LNG supply deal

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.)