Welcome to our dedicated page for Excelerate Energy news (Ticker: EE), a resource for investors and traders seeking the latest updates and insights on Excelerate Energy stock.
Excelerate Energy, Inc. operates as a U.S.-based LNG and power infrastructure company serving the LNG-to-power value chain. Its updates center on floating storage and regasification units, downstream infrastructure development, LNG supply, power generation, and customer deployments across global markets.
Recurring company news includes quarterly and annual results, contracted asset portfolio performance, Class A common stock dividends and corresponding operating partnership distributions, FSRU vessel activity such as Excelerate Acadia, and integration of Jamaican operations acquired in 2025.
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.
Excelerate Energy (NYSE: EE) has launched an underwritten public offering of $150 million of Class A common stock shares. The company will grant underwriters a 30-day option to purchase up to an additional $22.5 million of 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's completion is subject to market conditions and is not contingent on the acquisition closing.
Barclays and Morgan Stanley are serving as lead book-running managers for the offering, which will be conducted under Excelerate's previously filed S-3 shelf registration statement.
Excelerate Energy (NYSE: EE) has announced a definitive agreement to acquire New Fortress Energy's Jamaica business for $1.055 billion in cash. The acquisition includes the Montego Bay LNG Terminal, Old Harbour LNG Terminal, and Clarendon combined heat and power plant.
The transaction features long-term contracted assets with 86% Take-or-Pay revenue and approximately 21 years weighted average remaining contract duration including extensions. The assets represent $2.9 billion in cumulative Take-or-Pay direct margin from 2025 through 2039.
The deal positions Excelerate as Jamaica's sole LNG platform and includes growth opportunities in LNG bunkering, potential doubling of the Clarendon CHP plant capacity, and expansion of industrial gas supply. The transaction, expected to close in Q2 2025, represents approximately 9x the Jamaica business' 2025E adjusted EBITDA and will be immediately accretive to earnings per share.