Excelerate Energy slides after forecasting higher annual capex

Excelerate Energy

26/02/2026 13:56

** Shares of LNG company Excelerate Energy EE.N slide more than 11% to $38.09 premarket

** Co on Wednesday forecast 2026 committed growth capital in the range of $370 million to $400 million

** Capital One Securities (COS) analysts say capex came in higher than anticipated, primarily due to higher costs for the Iraqi infrastructure buildout

** According to LSEG, analysts were expecting total capex of $373.01 million in 2026

** "Given the strong rally in the stock, we wouldn't be surprised to see some profit taking" - COS

** EE has rise ~53% so far in 2026

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))