Excelerate Energy Completes $26.4M Additional Stock Offering

Excelerate Energy Announces Full Exercise and Closing of Option to Purchase Shares

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05/01/2025 - 04:35 PM

THE WOODLANDS, Texas--(BUSINESS WIRE)-- Excelerate Energy, Inc. (NYSE: EE) (“Excelerate” or the “Company”) today announced that the underwriters of its previously announced underwritten registered public offering of 6,956,522 shares of Class A common stock have fully exercised their option to purchase an additional 1,043,478 shares of its Class A common stock at the public offering price per share of $26.50, less the underwriting discounts and commissions, resulting in estimated additional net proceeds of $26.4 million to the Company before deducting offering expenses. The exercise of the underwriters’ option closed on May 1, 2025.

Barclays and Morgan Stanley acted as lead book-running managers. Credit Agricole CIB, DNB Markets, Jefferies and Wells Fargo Securities acted as joint book-running managers. BNP PARIBAS and Raymond James acted as co-managers.

The shares described above were offered by the Company pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-271850), as amended, including a base prospectus, that was previously filed by the Company with the Securities and Exchange Commission (the “SEC”) and that was declared effective by the SEC on May 24, 2023. A final prospectus relating to the offering was filed with the SEC and may be obtained by contacting: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, emailing Barclaysprospectus@broadridge.com or calling (888) 603-5847; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of the Company’s common stock or any other security, nor is there any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ABOUT EXCELERATE ENERGY, INC.

Excelerate Energy, Inc. is a U.S.-based liquified natural gas (“LNG”) company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The Company offers a full range of services, including floating storage and regasification units, LNG import infrastructure development, and LNG and natural gas supply. Excelerate has a presence in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, London, Rio de Janeiro, Singapore, and Washington, DC.