Excelerate Energy Inc (NYSE:EE)

Q2 2026 Excelerate Energy Inc Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: $37.86 (-1.66%)

Transcript 10-Q8-K

Key Points

Positve

Adjusted EBITDA of $120 million in Q2 2026, up 12% year-over-year, driven by a full quarter contribution from the Jamaica platform.
Raised and narrowed full-year 2026 adjusted EBITDA guidance to $490-$515 million, reflecting strong contracted base business and asset optimization.
Signed a nine-month charter with Jordan's NEPCO for the Acadia FSRU, contributing approximately $20 million of EBITDA in 2026.
Secured a seven-year charter with Frontera Energy for the Express FSRU in Colombia, expected to increase its annual EBITDA contribution by about 35%.
Strong balance sheet with $342 million cash, $500 million revolver capacity, and net leverage of 1.9x, providing ample liquidity for growth.
Increased quarterly dividend by 13% to $0.09 per share, consistent with a low double-digit annual growth target through 2028.
Progressing on Iraq LNG import terminal, with operations expected to commence in Q2 2027, under a take-or-pay contracted structure.
Acquired the Methane Patricia Camilla LNG carrier for $79 million, a high-specification vessel ideal for FSRU conversion, enhancing future growth potential.
Expanding Caribbean platform with first LNG sales to other islands, leveraging Jamaica as a hub for regional growth.
Strong recontracting environment, with the Express deal marking the fifth asset recontracted on more favorable terms in 4.5 years.

Negative

Adjusted EBITDA in Q2 2026 was down slightly versus the prior quarter, indicating some sequential softening.
Committed growth capital guidance raised to $380-$400 million, driven by Iraq-related costs pulled forward and FSRU conversion payments, increasing near-term cash outflows.
Ongoing Middle East conflict poses risks to Iraq project execution, though the company remains confident in its Q2 2027 timeline.
FSRU conversion project CapEx is expected to be higher than the previously communicated $200 million, potentially impacting returns.
Maintenance CapEx guidance lowered to $85-$95 million due to deferral of the Express drydock into 2027, which could create operational risks.
The Atlantic Basin deal's timing remains a variable, with potential to push results to the lower end of guidance if cargoes slip into Q1 2027.
The company's pivot to integrated projects may limit opportunities for traditional FSRU charters, potentially reducing flexibility in a tight market.
The Iraq project's start-up is subject to security conditions, and any escalation could delay operations beyond Q2 2027.
The company's focus on being 'boring' and matching supply to demand may limit upside from commodity price movements.
The Express's redeployment to Colombia is contingent on completing its current charter and drydock, with any delays impacting the 2027 start.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EE.N - Excelerate Energy Inc
Q2 2026 Excelerate Energy Inc Earnings Call
Aug 06, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to the Accelerate Energy second quarter 2026 earnings conference call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again.

I will now hand the conference call over to Craig Hicks, Vice President, Investor Relations and Strategy. Craig, please go ahead.

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Unidentified_2 [2]
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Good morning, and thank you for joining Accelerate Energy's

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