Excelerate Energy, Inc. Stock Price, News & Analysis

New Fortress Energy (NFE) has completed the sale of its Jamaican assets and operations to Excelerate Energy for $1.055 billion. The transaction includes the LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon. The proceeds will be used to reduce corporate debt, with $270 million allocated to pay down their Revolving Credit Facility and $55 million for Term Loan A facility. For Q1 2025, NFE reported challenging financial results with an Adjusted EBITDA of $82 million and a net loss of $197 million, resulting in an EPS of $(0.73). The company's total cash balance stands at $827 million, with $448 million unrestricted. NFE's development projects in Brazil show progress, with the 624 MW CELBA plant ~95% complete and PortoCem power plant over 50% complete, both expected to contribute to earnings growth.

Excelerate Energy (NYSE: EE) has completed its acquisition of New Fortress Energy's (Nasdaq: NFE) business in Jamaica. The acquisition includes the Montego Bay LNG Terminal, Old Harbour LNG Terminal, and Clarendon combined heat and power plant.

To fund the acquisition, Excelerate raised approximately $1.0 billion through:

• An equity offering of 8 million shares at $26.50 per share, raising $212 million
• An $800 million offering of 8.000% senior unsecured notes due 2030

Additionally, the company extended its credit facility maturity to March 2029 and increased its borrowing capacity from $350 million to $500 million. The acquisition is expected to provide stable, long-term cash flows with predictable margins.

Excelerate Energy (NYSE: EE) has announced its management team's participation in two upcoming investor conferences in May 2025. At the Barclays Leveraged Finance Conference in Austin, Texas (May 20-21), EVP and CFO Dana Armstrong and VP Corporate Finance John Masterson will conduct one-on-one investor meetings. Additionally, President and CEO Steven Kobos and EVP/CCO Oliver Simpson will attend the Energy Infrastructure CEO & Investor Conference in Aventura, Florida (May 20-22) for investor meetings.

Excelerate Energy (NYSE: EE) reported strong Q1 2025 financial results and raised its full-year guidance. The company achieved Net Income of $52.1 million and Adjusted EBITDA of $100.4 million for Q1 2025, showing significant growth from Q1 2024. Key highlights include a strategic $1.055 billion acquisition of NFE's LNG and power platform in Jamaica, expected to close in Q2 2025. The company completed an equity offering of 8 million shares at $26.50 and closed an $800 million senior notes offering to fund the acquisition. Excelerate raised its 2025 Adjusted EBITDA guidance to $345-365 million and declared a quarterly dividend of $0.06 per share. The company maintains strong liquidity with $619.5 million in cash and recently received inaugural credit ratings of BB+ from S&P and BB from Fitch.

Excelerate Energy (NYSE: EE) announced that underwriters have fully exercised their option to purchase an additional 1,043,478 shares of Class A common stock at $26.50 per share, following their previously announced public offering of 6,956,522 shares. The option exercise is expected to generate additional net proceeds of $26.4 million for the company before offering expenses. The transaction closed on May 1, 2025, with Barclays and Morgan Stanley serving as lead book-running managers, alongside several other financial institutions. The offering was made under the company's shelf registration statement that became effective on May 24, 2023.

Excelerate Energy (NYSE: EE) has declared a quarterly cash dividend of $0.06 per share of Class A common stock for Q1 2025. The dividend will be paid on June 5, 2025, to stockholders of record as of May 21, 2025. Additionally, Excelerate Energy Limited Partnership will distribute $0.06 per interest to Class B limited partnership interest holders on the same date. The company's Board of Directors maintains discretion over future dividend declarations, timing, amounts, and payments.

Excelerate Energy (NYSE: EE) has announced the pricing of an upsized $800 million senior notes offering through its subsidiary Excelerate Energy Partnership. The 8.000% unsecured senior notes, due May 15, 2030, will be issued at par, with the offering expected to close on May 5, 2025.

The offering was increased from the original $700 million to $800 million. The proceeds, combined with equity offering proceeds and cash reserves, will fund: (1) the $1.055 billion acquisition of New Fortress Energy's Jamaica business, (2) repayment of $163.6 million in outstanding term loan facility borrowings as of December 31, 2024, and (3) related fees and expenses.

The notes will be guaranteed by certain restricted subsidiaries and are being offered exclusively to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.

Excelerate Energy (NYSE: EE) has announced that its subsidiary, Excelerate Energy Partnership, is launching a $700 million offering of unsecured senior notes due 2030. The proceeds, combined with previous equity offering funds and cash reserves, will be used to:

• Fund the $1.055 billion acquisition of New Fortress Energy's Jamaica business
• Repay $163.6 million in outstanding term loan facility borrowings as of December 31, 2024
• Cover related fees and expenses

The 2030 Notes will be guaranteed by certain subsidiaries and are being offered exclusively to qualified institutional buyers in the US under Rule 144A and to international investors under Regulation S of the Securities Act.

Excelerate Energy (NYSE: EE) has released preliminary Q1 2025 financial estimates, projecting income before taxes of $52-59 million and Adjusted EBITDA of $96-101 million. The company reports a strong cash position of $600-620 million as of March 31, 2025, not including an additional $175.5 million in net proceeds from a public offering of Class A common stock received on April 2, 2025.

The company maintains full access to its undrawn $350 million Revolving Credit Facility. CFO Dana Armstrong attributes the robust quarterly performance to effective strategy execution and fleet cost management. The company recently announced an acquisition of an integrated LNG and power platform in Jamaica, which is expected to expand their global presence and enhance operating cash flow.