Excelerate Energy, Inc. Stock Price, News & Analysis

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.

Excelerate Energy (NYSE: EE) has scheduled its first quarter 2025 earnings release for Wednesday, May 7, 2025, after U.S. financial markets close. The company will host a conference call for analysts and investors the following day, Thursday, May 8, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Both the earnings release and accompanying presentation will be available on the investor page of Excelerate's website. The conference call will be webcast live, with an archived replay and presentation copy made available on the website after the event.

Excelerate Energy (NYSE: EE) has priced its upsized public offering of 6,956,522 shares of Class A common stock at $26.50 per share. The offering size increased from the initially announced $150 million to $184.3 million in gross proceeds. The company has also granted underwriters a 30-day option to purchase up to an additional 1,043,478 shares.

The proceeds, combined with approximately $650 million in planned senior indebtedness and cash on hand, will fund the $1.055 billion acquisition of New Fortress Energy's Jamaica business. The offering is expected to close around April 2, 2025. Lead book-running managers include Barclays and Morgan Stanley, with Credit Agricole CIB, DNB Markets, Jefferies, and Wells Fargo Securities acting as joint book-running managers.