Excelerate Energy, Inc. SEC Filings

Excelerate Energy, Inc. director Paul T. Hanrahan acquired 3,639 shares of Class A common stock through a grant of restricted stock units, with no purchase price. Each restricted stock unit represents one share and vests in full on the first anniversary of the grant date. Following this award, he directly holds 32,322 shares of Class A common stock.

Biswal Nisha reported acquisition or exercise transactions in this Form 4 filing.

Excelerate Energy, Inc. director Nisha Biswal reported an equity award in the form of restricted stock units (RSUs) covering 3,639 shares of Class A common stock. These RSUs were granted at no cash cost and will vest in full on the first anniversary of the grant date.

Following this award, Biswal’s directly held Class A share equivalents reported in this filing total 7,851. Each RSU represents the right to receive one share of Excelerate Energy Class A common stock upon vesting.

Excelerate Energy, Inc. director Deborah L. Byers reported an acquisition of 3,639 shares of Class A common stock in the form of restricted stock units (RSUs). These RSUs vest in full on the first anniversary of the grant date, increasing her direct holdings to 32,704 shares.

Excelerate Energy, Inc. files its annual report outlining a global LNG and natural gas infrastructure business built on long-term, take-or-pay contracts. The company owns or operates 11 floating regasification terminals, one onshore terminal and a combined heat and power plant, with another floating terminal due in the second quarter of 2026 for a five-year Iraq contract.

As of December 31, 2025, minimum contracted cash flows were about $3.3 billion from terminal services with a 5.8‑year average term and about $17.0 billion from LNG, gas and power contracts with a 9.3‑year average term. Excelerate expanded via a 2025 acquisition of New Fortress Energy’s Jamaica business and a 15‑year LNG sale agreement with Petrobangla starting 2026.

The report highlights broad geographic exposure across 14 countries, strong dependence on major customers, construction and integration risks, commodity price and supply risks, significant foreign‑jurisdiction and regulatory exposure, and governance concentration, as Kaiser-controlled entities hold a majority economic and voting interest through EELP and Class B shares.

Excelerate Energy reported record full-year 2025 results, with revenues of $1,228.3 million, net income of $167.0 million and Adjusted EBITDA of $449.3 million, all up from 2024. Diluted EPS was $1.28, while Adjusted diluted EPS reached $1.52.

Performance was driven mainly by the Jamaica acquisition and higher LNG, gas and power sales. For 2026, the company guides Adjusted EBITDA between $515 million and $545 million, and plans maintenance capex of $100–110 million and committed growth capital of $370–400 million. Excelerate ended 2025 with $538.2 million in cash and a fully available $500 million revolver, and declared a quarterly dividend of $0.08 per share.

Excelerate Energy, Inc. officer Alisa Newman Hood reported vesting of performance stock units into 8,599 shares of Class A common stock on February 18, 2026, at no purchase price, under the company’s Long-Term Incentive Plan.

These PSUs, granted on March 31, 2023, vested based on adjusted return on equity and relative total shareholder return performance from January 1, 2023 through December 31, 2025. To cover tax withholding, 3,820 shares were disposed of at $41.78 per share. After these transactions, Newman Hood directly holds 32,971 shares of Class A common stock.

Excelerate Energy, Inc. officer Michael Anthony Bent reported equity compensation activity involving Class A common stock. On February 18, 2026, he acquired 5,293 shares at a price per share of $0.0000 through the vesting of performance stock units granted on March 31, 2023 under the company’s Long-Term Incentive Plan. These PSUs vested based on the company achieving 132% of the target for adjusted return on equity and 96.80% of the target for relative total shareholder return over the period from January 1, 2023 through December 31, 2025, with the compensation committee certifying results on February 18, 2026. On the same date, 2,135 shares at $41.78 per share were disposed of to satisfy his tax withholding liability, a non–open-market transaction. Following these transactions, he directly owned 27,907 shares of Class A common stock.

Excelerate Energy, Inc. executive Oliver Simpson reported vesting of performance stock units that settled in shares of Class A common stock. On February 18, 2026, he acquired 1,672 shares at no cost upon certification of PSU performance for the period from January 1, 2023 through December 31, 2025. The award reflected 132% of target based on adjusted return on equity and 96.80% of target based on relative total shareholder return versus a peer group. On the same date, 714 shares were disposed of to satisfy tax withholding obligations, leaving him with 47,303 shares held directly after these transactions.

Excelerate Energy, Inc. officer Dana A. Armstrong reported equity compensation activity in Class A common stock. On February 18, 2026, Armstrong acquired 17,198 shares through the vesting of performance stock units granted under the company’s Long-Term Incentive Plan, at no cash price per share.

The performance stock units were originally granted on March 31, 2023 and vested based on adjusted return on equity and relative total shareholder return measured from January 1, 2023 through December 31, 2025, with results certified by the compensation committee on February 18, 2026. Of the vested shares, 6,354 were automatically disposed of to cover tax withholding obligations, leaving Armstrong with 66,215 shares of Class A common stock held directly after these transactions.