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Excelerate Energy, Inc. (EE) stock

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NYSE: EE NYSE Oil & Gas Storage & Transportation Next results ~November 4, 2026

C+ Fundamentals grade

Excelerate Energy, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$28

Valuation models combined (2)

Base case. Range ~$20–$32. Weighted average of 2 models (forward price-to-earnings vs peers, residual income), the forward price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Excelerate Energy, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds114 adding, 98 cuttingOf 44 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Excelerate Energy files

Where Excelerate Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.47bn, up 49.0% on a year earlier, faster than the 39.3% growth a quarter earlier. That growth ranks 1 of 18 among the oil & gas storage & transportation companies we cover. Free-cash-flow margin fell to 1.6% from 18.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 6 financial-health checks.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Excelerate Energy, Inc.'s trailing-twelve-month revenue grew 49.0% year on year, with a free-cash-flow margin of 1.6%. Where it stands out: revenue growth of 49.0% ranks 2 of 29 oil & gas storage & transportation companies we cover. Where it lags: free-cash-flow margin of 1.6% ranks 23 of 28 oil & gas storage & transportation companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 86.5% while net income grew 31.9%: a 118pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 49.0% over the last 12 months, against a median of 8.8% for oil & gas storage & transportation companies we cover.
  • Growth speeding up. The growth rate is 9.6 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 18.2% over 90 days.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Weak cash conversion. Free cash flow was 51% of net income over the last 12 months.
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 1.6% ranks 23 of 28 oil & gas storage & transportation companies we cover (median 13.6%).
  • Below peers: net margin. Net margin of 3.2% ranks 22 of 29 oil & gas storage & transportation companies we cover (median 13.1%).
  • Heavily shorted. 12.5% of the shares available to trade are sold short (5.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.37 against an average estimate of $0.34: beat by 7.5%
Revenue
$329m, up 61.0% on a year earlier
Share reaction
-3.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
adjusted EBITDA $490m to $515m (full year 2026); committed growth capital $380m to $400m (full year 2026)
Next report
November 4, 2026; average EPS estimate $0.43

Excelerate Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.4%
  • 1 week+6.2%
  • 1 month+6.1%
  • This year+23.9%
  • 1 year+34.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.5B
Operating margin
21.8%
Net margin
3.2%
EPS (TTM, diluted)
$0.96

Growth

Revenue growth
+49.0%
Change in growth rate
+9.6 pts

Cash

Free cash flow (TTM)
$24.1M
FCF margin
1.6%
Stock pay % of revenue
0.9%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Announcement
  3. Results
  4. Guidance
  5. Dividend

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Excelerate Energy, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Excelerate Energy, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.71 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$32 ~$27–$44 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$20 ~$11–$34 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$2.2 ~$1.9–$2.5 Left out: out of range vs price (0.06x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$28 ~$20–$32 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Excelerate Energy, Inc. with Oil & Gas Storage & Transportation in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025
Share price$24.34$15.10$29.73$27.86
Market value$639m$409m$768m$853m
+ Net debt (− = net cash)−$297m−$173m−$199m$413m
Enterprise value$342m$236m$569m$1.3bn
Multiples
Price / sales 0.3x0.4x0.9x0.7x
Price / earnings 48.0x13.4x23.4x21.8x
Price / free cash flow 6.0x—5.9x2.9x
EV / EBITDA 1.2x0.7x1.8x3.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Excelerate Energy's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.0% of total assets over 5 years.

  • Durability 12 / 20

    Operating margin has been a median 21.8%; its worst year was 7.3%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 3 of 5 years, at a median 1.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $345m and EPS of $0.43 (range $0.35 to $0.53) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.65 +8% $1.5bn +24%
Next $2.24 +36% $2.0bn +30%

Next year's EPS estimate has moved +18.2% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +9.4% on 90 days ago. In the last 30 days, 3 analysts raised Excelerate Energy, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Excelerate Energy, Inc., last 90 days
$1.40 $1.60 $1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.51 Current fiscal year, 60 days ago: $1.69 Current fiscal year, 30 days ago: $1.69 Current fiscal year, 7 days ago: $1.69 Current fiscal year, Now: $1.65 $1.65 Next fiscal year, 90 days ago: $1.90 Next fiscal year, 60 days ago: $2.24 Next fiscal year, 30 days ago: $2.24 Next fiscal year, 7 days ago: $2.24 Next fiscal year, Now: $2.24 $2.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.51$1.90
60 days ago $1.69$2.24
30 days ago $1.69$2.24
7 days ago $1.69$2.24
Now $1.65$2.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.34 $0.37 +7.5%
Mar 2026 $0.48 $0.37 −22.4%
Dec 2025 $0.36 $0.29 −19.7%
Sept 2025 $0.35 $0.45 +29.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Adjusted EBITDA full year 2026 $490m to $515m Non-GAAP Raised
    “For the full year, Adjusted EBITDA is now expected to range between $490 million and $515 million.” source
  • Committed growth capital full year 2026 $380m to $400m Raised
    “Committed growth capital guidance has increased and is now expected to range between $380 million and $400 million for the full year.” source
  • Maintenance capex · maintenance capital full year 2026 $85m to $95m Lowered
    “Maintenance capex is now expected to range between $85 million and $95 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

13 analysts, Nov 2026
Buy1077%
Hold323%
Sell00%

Monthly trend

  1. Nov 202619313
  2. Oct 202618413
  3. Sep 202618413

Counts of recommendations published by analysts covering Excelerate Energy, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.5%
of tradable shares
Days to cover
5.53
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.0%
of shares
Employees
1,046
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 2023202420252026 to date
Return
EE−38%+97%−6%+24%
Industry peers (median)+11%+27%+11%+22%
S&P 500+26%+25%+18%+11%
Months that ended higher
EE33%75%50%64%
S&P 50067%75%75%46%
Largest fall from a high during the year
EE−43%−17%−28%−26%
S&P 500−10%−8%−19%−9%

Worst fall since April 13, 2022: 55% from November 22, 2022 to February 14, 2024. Getting back needed a 120% gain, reached on November 19, 2024, 279 days after the low.

Price behaviour

52-week range
$25.31 – $42.60
From 52-week high
−19.0%
vs 50-day average
−2.8%
vs 200-day average
−3.9%
Volatility (1 year)
37%
Beta vs S&P 500
0.43

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±5.6%
After a week
9 up, 3 down
typical move ±6.3%
After a month
7 up, 5 down
typical move ±11.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −3.4% −0.4% −8.8% +1.5%
May 6, 2026 −7.0% +1.1% +1.9% −9.1%
February 25, 2026 −6.9% +0.3% −9.3% −21.7%
November 5, 2025 +10.1% −0.7% +6.0% +12.3%
August 11, 2025 −1.4% +0.9% −2.3% −2.1%
May 7, 2025 +7.4% +1.1% +14.6% +23.7%
April 21, 2025 −2.8% +0.2% +1.1% +10.6%
February 26, 2025 +5.3% −1.5% +6.5% +7.2%
November 6, 2024 −1.0% +3.3% +8.4% +27.1%
August 7, 2024 +3.3% +1.6% +5.4% −2.5%
May 8, 2024 +8.1% +0.6% +1.5% −4.1%
February 28, 2024 +10.7% +0.2% +9.3% +13.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Excelerate Energy, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Excelerate Energy, Inc.
$800M $1B $1.2B $1.4B $1.6B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.4B Revenue (TTM), FY23 Q4: $1.2B Revenue (TTM), FY24 Q1: $1.1B Revenue (TTM), FY24 Q2: $899M Revenue (TTM), FY24 Q3: $816.9M Revenue (TTM), FY24 Q4: $851.4M Revenue (TTM), FY25 Q1: $966.4M Revenue (TTM), FY25 Q2: $987.6M Revenue (TTM), FY25 Q3: $1.2B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.5B $1.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.4B
FY23 Q4 $1.2B
FY24 Q1 $1.1B
FY24 Q2 $899M
FY24 Q3 $816.9M
FY24 Q4 $851.4M
FY25 Q1 $966.4M
FY25 Q2 $987.6M
FY25 Q3 $1.2B
FY25 Q4 $1.2B
FY26 Q1 $1.3B
FY26 Q2 $1.5B
Revenue growth, TTM YoY Excelerate Energy, Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -41.7% Revenue growth, TTM YoY, FY23 Q4: -53.1% Revenue growth, TTM YoY, FY24 Q1: -45.1% Revenue growth, TTM YoY, FY24 Q2: -52.7% Revenue growth, TTM YoY, FY24 Q3: -40.5% Revenue growth, TTM YoY, FY24 Q4: -26.5% Revenue growth, TTM YoY, FY25 Q1: -15.8% Revenue growth, TTM YoY, FY25 Q2: 9.9% Revenue growth, TTM YoY, FY25 Q3: 45.1% Revenue growth, TTM YoY, FY25 Q4: 44.3% Revenue growth, TTM YoY, FY26 Q1: 39.3% Revenue growth, TTM YoY, FY26 Q2: 49.0% 49.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -41.7%
FY23 Q4 -53.1%
FY24 Q1 -45.1%
FY24 Q2 -52.7%
FY24 Q3 -40.5%
FY24 Q4 -26.5%
FY25 Q1 -15.8%
FY25 Q2 9.9%
FY25 Q3 45.1%
FY25 Q4 44.3%
FY26 Q1 39.3%
FY26 Q2 49.0%
Operating margin (TTM) Excelerate Energy, Inc.
15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 16.7% Operating margin (TTM), FY23 Q4: 18.2% Operating margin (TTM), FY24 Q1: 18.0% Operating margin (TTM), FY24 Q2: 22.5% Operating margin (TTM), FY24 Q3: 23.8% Operating margin (TTM), FY24 Q4: 25.3% Operating margin (TTM), FY25 Q1: 24.4% Operating margin (TTM), FY25 Q2: 23.2% Operating margin (TTM), FY25 Q3: 21.6% Operating margin (TTM), FY25 Q4: 21.7% Operating margin (TTM), FY26 Q1: 21.0% Operating margin (TTM), FY26 Q2: 21.8% 21.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 16.7%
FY23 Q4 18.2%
FY24 Q1 18.0%
FY24 Q2 22.5%
FY24 Q3 23.8%
FY24 Q4 25.3%
FY25 Q1 24.4%
FY25 Q2 23.2%
FY25 Q3 21.6%
FY25 Q4 21.7%
FY26 Q1 21.0%
FY26 Q2 21.8%
FCF margin (TTM) Excelerate Energy, Inc.
-20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 5.6% FCF margin (TTM), FY23 Q4: -7.0% FCF margin (TTM), FY24 Q1: -5.3% FCF margin (TTM), FY24 Q2: 33.8% FCF margin (TTM), FY24 Q3: 21.2% FCF margin (TTM), FY24 Q4: 15.4% FCF margin (TTM), FY25 Q1: 19.7% FCF margin (TTM), FY25 Q2: 18.1% FCF margin (TTM), FY25 Q3: 18.0% FCF margin (TTM), FY25 Q4: 24.3% FCF margin (TTM), FY26 Q1: 16.4% FCF margin (TTM), FY26 Q2: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 5.6%
FY23 Q4 -7.0%
FY24 Q1 -5.3%
FY24 Q2 33.8%
FY24 Q3 21.2%
FY24 Q4 15.4%
FY25 Q1 19.7%
FY25 Q2 18.1%
FY25 Q3 18.0%
FY25 Q4 24.3%
FY26 Q1 16.4%
FY26 Q2 1.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Excelerate Energy took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.2B
  2. Selling, general and admin $94.5M · 7.7%
  3. Other operating costs $867M · 70.6%
  4. Operating income $267M · 21.7%
  5. Income tax $27.9M · 2.3%
  6. Interest and other $200M · 16.3%
  7. Net income $39.2M · 3.2%

Shares of revenue. Source: Excelerate Energy's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 431 889 2,473 1,159 851 1,228 1,471
EBITDA 237 244 284 325 314 378 448
Operating income 133 139 187 211 215 267 320
Net income 0 0 13 30 33 39 47
Diluted EPS $0.00 $0.00 $0.51 $4.44 $1.27 $1.28 —
Growth (year on year)
Revenue — +106.2% +178.3% −53.1% −26.5% +44.3% +49.0%
EBITDA — +2.9% +16.3% +14.4% −3.4% +20.4% +39.3%
Operating income — +4.6% +34.0% +12.8% +2.1% +24.0% +39.9%
Net income — — — — +8.1% +19.2% +31.9%
Diluted EPS — — — — −71.4% +0.8% —
Margins
EBITDA margin 55.1% 27.5% 11.5% 28.0% 36.9% 30.8% 30.5%
Operating margin 30.9% 15.7% 7.5% 18.2% 25.3% 21.7% 21.8%
Net margin 0.0% 0.0% 0.5% 2.6% 3.9% 3.2% 3.2%
Free-cash-flow margin 15.7% 11.9% 4.3% −7.0% 15.4% 24.3% 1.6%
Cash flow
Cash from operations 109 142 225 232 244 461 394
Capital spending 41 36 119 313 113 163 369
Free cash flow 68 106 106 −81 131 298 24
Stock-based pay — — 1 4 7 12 13
Free cash flow after stock pay — — 105 −84 124 286 11
Balance sheet
Cash 110 73 517 556 538 538 342
Total debt 0 240 220 383 339 952 940
Net debt (negative = net cash) −110 167 −297 −173 −199 413 597
Diluted shares — — 26m 27m 26m 31m —
Returned to shareholders
Dividends 0 0 1 3 3 9 10
Total returned 0 0 1 3 3 9 10

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $4.2bn
Short-term assets $595mLonger-term assets $3.6bn
What it owes, and who funded it · $4.2bn
Short-term liabilities $331mLonger-term liabilities $1.6bnShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $595m of assets due within a year against $331m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $595m short-term assets against $1.6bn of longer-dated liabilities.
  • More cash than debt $342m of cash against $926m of debt.
  • Debt below 40% of shareholders' equity Debt is 41% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 21% to 41% over five years.
  • A year's operating cash flow covers at least 20% of debt $394m of operating cash flow against $926m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Excelerate Energy, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$10.3M
Returned to shareholders
43%
of free cash flow
Total shareholder yield
0.9%
dividends 0.9% + buybacks 0.0% of market value
Dividend payout ratio
22%
of net income paid out
Days sales outstanding
24 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas storage & transportation
Last 12 months unless stated EE HESM TRMD DTM CMBT NFE Median
Revenue, last 12 months $1.5bn $1.6bn $1.3bn $1.3bn $1.7bn $1.3bn $2.0bn
Revenue growth, last 12 months 49.0% 2.8% −14.1% 13.4% 77.2% −37.3% 8.8%
Revenue growth, 3-year average −8.2% 8.1% — 13.1% — −19.4% 4.0%
Revenue growth, latest quarter 61.0% −3.7% — 7.0% — 2.8% 10.7%
Operating margin 21.8% 62.1% 26.6% 49.4% 33.4% −86.3% 27.3%
Operating margin, 3-year average 22.5% 61.6% — 49.6% −10.3% −20.5% 20.8%
Net margin 3.2% 23.2% 21.3% 35.4% 9.6% −149.4% 13.1%
Cash from operations / revenue 26.7% 64.2% 37.2% 70.4% 26.6% −41.5% 29.5%
Free-cash-flow margin 1.6% 51.9% 14.2% 40.0% 3.3% −59.8% 11.8%
Free-cash-flow margin, 3-year average 17.9% 47.3% — 39.9% — −72.8% 8.8%
Stock pay / revenue 0.9% 0.1% 2.5% 1.9% 0.0% 1.6% 0.5%
Change in share count — — 3.9% 0.7% 17.0% 12.5% 0.2%

Median of all 29 companies we cover in oil & gas storage & transportation. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 oil & gas storage & transportation companies
Measure Company Peer median Rank
Revenue growth Growth 49.0% 8.8% 2 of 29
Change in growth rate Growth +9.6pp +0.5pp 8 of 29
Operating margin Profitability 21.8% 28.1% 17 of 27
Net margin Profitability 3.2% 13.1% 22 of 29
Free-cash-flow margin Cash generation 1.6% 13.6% 23 of 28
Stock pay as % of revenue Cash generation 0.9% 0.8% 12 of 20
Long-term debt as % of assets Balance sheet 21.7% 46.2% 5 of 26
Days sales outstanding Balance sheet 24 days 43 days 6 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Gas Sales $632M 51.4% ▲ 164.0%
Fsru and Terminal Services $597M 48.6% ▼ 2.5%
Geography
Region Revenue Share YoY
North America $373M 30.4% ▲ 939.2%
Asia Pacific $334M 27.2% ▲ 2.1%
Latin America $211M 17.2% ▼ 2.3%
Europe $157M 12.8% ▲ 37.5%
Middle East $152M 12.4% ▼ 2.5%
Other $478,000 0.0% ▼ 76.1%

From Excelerate Energy, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
221
Shares held vs prior quarter
▲ 0.3%
Positions opened / closed
34 / 33

Top buyers and sellers, Q2 2026: 114 institutions bought and 98 sold ; the biggest buyer was Wellington Management Group LLP (+706K shares) and the biggest seller Hite Hedge Asset Management LLC (−432K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
George Kaiser Family Foundation $298M 7.9M 23.8% 0.0%
Wellington Management Group LLP $127M 3.3M 10.1% ▲ 26.8%
Blackrock, Inc. $76.5M 2.0M 6.1% ▲ 6.5%
Copeland Capital Management, LLC $75M 2.0M 6.0% ▲ 24.5%
Vanguard Portfolio Management LLC $46.8M 1.2M 3.7% ▼ 4.6%
Tortoise Capital Advisors, L.L.C. $44.3M 1.2M 3.5% ▼ 1.4%
Vanguard Capital Management LLC $37.8M 994K 3.0% ▼ 5.9%
Timessquare Capital Management, LLC $36.1M 950K 2.9% ▲ 41.4%
Ranger Investment Management, L.P. $34.7M 912K 2.8% ▲ 1.7%
Kayne Anderson Capital Advisors LP $25.2M 665K 2.0% ▲ 2.8%
Cushing Asset Management, LP Dba Nxg Investment Management $24.7M 650K 2.0% ▲ 100.0%
Geode Capital Management, LLC $23.4M 617K 1.9% ▲ 5.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Excelerate Energy, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $409,800 2 trades by 1 insider · 50% under pre-set plans
Net ▼ $409,800 net selling
Insider Date Trade Shares Price Value
Simpson Oliver See Remarks March 20, 2026 Sell 6,000 $34.15 $204,900
Simpson Oliver See Remarks March 20, 2026 Sell pre-set plan 6,000 $34.15 $204,900

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 25, 2026
  • November 5, 2025
  • August 11, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Excelerate Energy, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Excelerate Energy, Inc. in brief

What does Excelerate Energy, Inc. do?
Excelerate Energy, Inc. is a US-listed company in the oil & gas storage & transportation industry. Its financial year ends in December.
What is Excelerate Energy, Inc.'s stock ticker?
Excelerate Energy, Inc. trades under the ticker EE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Excelerate Energy, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Excelerate Energy, Inc. reported revenue of $1.5B, 49.0% higher than a year earlier, according to its SEC filings.
What is Excelerate Energy, Inc.'s free cash flow?
Excelerate Energy, Inc.'s free-cash-flow margin is 1.6% of revenue over the trailing twelve months, ranking 23 of the 28 oil & gas storage & transportation companies we cover.
Who are Excelerate Energy, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are George Kaiser Family Foundation, Wellington Management Group LLP and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Excelerate Energy, Inc.'s market cap?
On December 31, 2025, Excelerate Energy, Inc.'s market capitalisation was about $853M, with a price-to-earnings ratio of 21.8 and net debt of $413M. Market figures come from third-party market data and may be delayed.
Does Excelerate Energy, Inc. pay a dividend?
Yes: Excelerate Energy, Inc. paid $10.3M in dividends over the trailing twelve months, a dividend yield of 0.93% and a payout ratio of 21.8%.
How much debt does Excelerate Energy, Inc. have?
Excelerate Energy, Inc.'s debt-to-equity ratio is 40.8%, from its latest balance sheet (21.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Excelerate Energy, Inc.'s competitors?
In our Oil & Gas Storage & Transportation peer group, the companies closest to Excelerate Energy, Inc. are Hess Midstream LP, Torm plc, DT Midstream, Inc., Cmb.tech NV and New Fortress Energy Inc. The side-by-side comparison below sets their revenue, margins and growth against Excelerate Energy, Inc.'s.
Are insiders buying or selling Excelerate Energy, Inc. stock?
Over the last 12 months, Excelerate Energy, Inc.'s directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Excelerate Energy, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Excelerate Energy, Inc. announces its own schedule.