Excelerate Energy (EE) sees 3.89% Class A stake reported by Ranger

Rhea-AI Filing Summary

Excelerate Energy, Inc. received an amended ownership report showing that Ranger Investment Management, L.P. holds a minority stake in its Class A common stock. As of the event date of 12/26/2025, Ranger reports beneficial ownership of 1,244,578 Class A shares, representing 3.89% of the outstanding class.

Ranger has sole voting and dispositive power over all 1,244,578 shares and no shared voting or dispositive power. The filer classifies itself as a HC (holding company) and confirms that its ownership is 5 percent or less of the class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Excelerate Energy, Inc.

(Name of Issuer)

Class A, Common Stock

(Title of Class of Securities)

30069T101

(CUSIP Number)

12/26/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 30069T101

1

Names of Reporting Persons

Ranger Investment Management, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3.89
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3.89
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3.89

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Excelerate Energy, Inc.
(b)	Address of issuer's principal executive offices: 2445 TECHNOLOGY FOREST BLVD., 2445 TECHNOLOGY FOREST BLVD., THE WOODLANDS, TEXAS, 77381.
Item 2.
(a)	Name of person filing: Ranger Investment Management, L.P.
(b)	Address or principal business office or, if none, residence: 8115 Preston Road Suite 590 Dallas, TX 75225
(c)	Citizenship: US
(d)	Title of class of securities: Class A, Common Stock
(e)	CUSIP No.: 30069T101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,244,578
(b)	Percent of class: 3.89%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,244,578
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,244,578
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Ranger Investment Management, L.P.

Signature:	Andrew Hill
Name/Title:	President
Date:	12/29/2025

FAQ

Who is the institutional holder reporting ownership in Excelerate Energy (EE)?

The reporting holder is Ranger Investment Management, L.P., a Delaware limited partnership with its principal office at 8115 Preston Road, Suite 590, Dallas, Texas 75225.

How many Excelerate Energy (EE) shares does Ranger Investment Management beneficially own?

Ranger Investment Management reports beneficial ownership of 1,244,578 shares of Excelerate Energy, Inc. Class A common stock.

What percentage of Excelerate Energy's Class A common stock does Ranger Investment Management hold?

Ranger Investment Management reports holding 3.89% of the outstanding Class A common stock of Excelerate Energy, Inc..

Does Ranger Investment Management have sole or shared voting power over its Excelerate Energy (EE) shares?

Ranger Investment Management has sole voting power and sole dispositive power over 1,244,578 shares, with no shared voting or dispositive power.

Is Ranger Investment Management part of a group or owning more than 5% of Excelerate Energy (EE)?

The filing indicates ownership of 5 percent or less of the class and does not identify any group or subsidiaries with separate ownership of the reported securities.

What type of reporting person is Ranger Investment Management in this Excelerate Energy ownership filing?

Ranger Investment Management identifies its type of reporting person as HC, indicating it is a holding company or control person for purposes of this ownership report.