# Excelerate Energy, Inc. (EE)

> Source: Nexqual · https://nexqual.com/EE · data as of 2026-10-29 13:48 UTC · cite as "Nexqual, Excelerate Energy, Inc. (EE), nexqual.com/EE" · informational, not investment advice.

**Price:** USD 34.93 (+2.75% today) · US market open, as of October 29, 2026 at 13:48 UTC; quotes may be delayed. Prev close 33.99 · day 34.39–34.93 · 52w 24.9–43.18 · market cap $3.96B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.47B, net income $47.5M (3.2% margin) (SEC filings).
- Valuation: P/E 83.4x (avg 33.6x at the last 3 fiscal year-ends), EV/EBITDA 10.1x, net debt $584M.
- Analysts: Buy (mean 2.23 on a 1–5 scale) (13 analysts), mean target USD 43.46 (range 38–50).
- Total return with dividends: 1Y +39.2% vs S&P 500 +12.9%; 5Y +28.6% vs S&P 500 +78.7%.
- Next earnings: 2026-11-04, EPS estimate USD 0.45, revenue estimate $352M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $889M | $2.47B | $1.16B | $851M | $1.23B | $1.47B |
| Operating income | $139M | $187M | $211M | $215M | $267M | $320M |
| Net income | $0K | $13.3M | $30.4M | $32.9M | $39.2M | $47.5M |
| EPS (diluted) | $0.00 | $0.51 | $1.11 | $1.27 | $1.28 | — |
| Operating margin | 15.7% | 7.5% | 18.2% | 25.3% | 21.7% | 21.8% |
| Net margin | 0.0% | 0.5% | 2.6% | 3.9% | 3.2% | 3.2% |
| Revenue growth | +106.2% | +178.3% | -53.1% | -26.5% | +44.3% | — |
| Cash + short-term investments | $72.8M | $517M | $556M | $538M | $538M | — |
| Total debt | $233M | $214M | $376M | $334M | $936M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 83.4x · P/S 2.7x · EV/EBITDA 10.1x · EV/Sales 3.1x · P/B 1.7x · Earnings yield 1.20% · Dividend yield (paid, TTM) 0.26% · Net debt $584M · EV $4.54B
P/E at fiscal year-ends: Dec 2025 21.9x, Dec 2024 23.8x, Dec 2023 55.1x.

## Analysts
Consensus Buy (mean 2.23 on a 1–5 scale), 13 analysts; mean target USD 43.46 (low 38, high 50).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-12 | Wells Fargo | Target raised | Equal-Weight | $37 → $38 |
| 2026-08-11 | Barclays | Target raised | Overweight | $41 → $43 |
| 2026-07-16 | Goldman Sachs | Initiated | Neutral → Buy | $49 |
| 2026-07-09 | Stephens & Co. | Reiterated | Overweight | $45 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2022-04-11) |
|---|---|---|
| Total return | +39.2% | +28.6% |
| S&P 500 (SPY) | +12.9% | +78.7% |
| Per year | +39.2% | +5.7% |
| Volatility (annualized) | 37.5% | 40.0% |
| Max drawdown | -26.0% (Feb 2026→Oct 2026) | -54.2% (May 2022→Feb 2024) |

## Peers (Oil & Gas Midstream)
DHT (DHT Holdings, Inc.) USD 24.68 +0.90% · BWLP (BW LPG Limited) USD 25.49 -0.47% · TRMD (TORM plc) USD 41.82 +0.26% · TNK (Teekay Tankers Ltd.) USD 100.16 +0.87% · STNG (Scorpio Tankers Inc.) USD 91.52 +3.16% · GLNG (Golar LNG Limited) USD 46.19 +1.29%

## More
Full page: https://nexqual.com/EE · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in EE's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1888447/000119312526078407/ee-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | EELP | "the possibility that EELP (as defined herein) will be required to make distributions to us and the other partners of EELP;" |
| Partner | Nakilat Excelerate | "We are the sole owner of nine floating regasification terminals and we charter three others: 1) Experience, through a long-term charter that is a finance lease from a third party, 2) Exquisite, through a long-term charte…" |

Other companies that name EE in their own reports (relationship from EE's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | New Fortress Energy Inc. (NFE) | 10-K 2026-04-13 | "In March 2025, the Company entered into an equity and asset purchase agreement (the "EAPA") to sell the Company's Jamaica business, including operations at the LNG import terminal in Montego Bay, the …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.45 | $0.43 | +5.1% | $352.4M | 5 |
| Next quarter (ends 2026-12-31) | $0.44 | $0.44 | +1.0% | $416.3M | 5 |
| Current fiscal year (ends 2026-12-31) | $1.69 | $1.63 | +3.2% | $1.52B | 5 |
| Next fiscal year (ends 2027-12-31) | $2.24 | $2.08 | +7.9% | $1.98B | 5 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.37 | $0.34 | Beat +8.8% | — |
| — | Quarter ended Mar 31, 2026 | $0.37 | $0.48 | Miss −22.9% | — |
| — | Quarter ended Dec 31, 2025 | $0.29 | $0.36 | Miss −19.4% | — |
| — | Quarter ended Sep 30, 2025 | $0.45 | $0.35 | Beat +28.6% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-13 | Schedule 13G | Copeland Capital Management, LLC: 6.1% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1888447/000158064226006856/0001580642-26-006856-index.htm |
| 2026-08-06 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1888447/000119312526338466/0001193125-26-338466-index.htm |
| 2026-08-05 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1888447/000119312526335279/0001193125-26-335279-index.htm |
| 2026-08-04 | Schedule 13G | Copeland Capital Management, LLC: 6.2% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1888447/000158064226004850/0001580642-26-004850-index.htm |
| 2026-07-08 | Schedule 13G/A | Wellington Management Group LLP, Wellington Group Holdings LLP: 10.5% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1888447/000090221926000213/0000902219-26-000213-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.