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Excelerate Energy, Inc. Class A (EE)
NYSE:EE
RESEARCH TOOLSreports
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Excelerate Energy, Inc. Class A
(NYSE:EE)
80Outperform
Positive Factors
Acquisition
The acquisition of New Fortress Energy's Jamaica business will advance Excelerate Energy's goal of integrating further into downstream LNG solutions.
Financial Performance
The acquisition is forecasted to increase Excelerate Energy's EBITDA estimates significantly, showing potential for improved financial performance.
Financial Stability
The acquisition deal is supported by a fully committed bridge facility, ensuring financial stability for the transaction.
Negative Factors
Growth Challenges
Many of the global growth initiatives highlighted at the IPO have not yet materialized.
Investment Risks
There is an emphasis on the risks of investing in a global company like EE, especially in developing countries with varying legal risks.
Valuation Concerns
After notable 2024 outperformance, EE's current valuation is seen as rich compared to the US SMid cap valuation median.
Excelerate Energy, Inc. Class A (EE) vs. S&P 500 (SPY)
Market Cap
$2.96B
Dividend Yield0.64%
Average Volume (3M)634.53K
Price to Earnings (P/E)20.6
Beta (1Y)0.88
Revenue Growth-26.53%
EPS Growth13.67%
CountryUS
Employees919
SectorEnergy
Sector Strength52
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.96
Shares Outstanding30,953,123
10 Day Avg. Volume552,570
30 Day Avg. Volume634,532
Financial Highlights & Ratios
PEG Ratio1.51
Price to Book (P/B)N/A
Price to Sales (P/S)3.63
Price to Cash Flow (P/CF)15.60
P/FCF Ratio14.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$30.00Price Target Upside14.50% Upside
Rating ConsensusHold
Number of Analyst Covering4
Excelerate Energy, Inc. Class A Business Overview & Revenue Model
Company DescriptionExcelerate Energy, Inc. provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions. It also leases an LNG terminal in Bahia, Brazil. Excelerate Energy, LLC acts as general partner of the company. Excelerate Energy, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas. Excelerate Energy, Inc. operates as a subsidiary of Excelerate Energy Holdings, LLC.
How the Company Makes MoneyExcelerate Energy generates revenue primarily through the development and operation of floating storage and regasification units (FSRUs), which are a cost-effective alternative to traditional onshore regasification facilities. The company earns income by leasing these FSRUs to customers, typically under long-term charter agreements. Additionally, Excelerate Energy engages in the sale and distribution of LNG, leveraging its established supply chain and fleet of LNG carriers. Strategic partnerships with energy utilities and national governments, particularly in regions with high energy demand and limited infrastructure, further enhance the company's revenue streams. These collaborations often involve long-term contracts that provide a stable and predictable income base.
Excelerate Energy, Inc. Class A Financial Statement Overview
Summary
Excelerate Energy presents a financially strong profile with robust income, balance sheet stability, and efficient cash flow management. The company exhibits healthy growth, profitability, and prudent financial practices, positioning it well within the fossil fuels industry. Continued focus on improving return metrics will enhance future performance.Income Statement
Excelerate Energy has demonstrated strong performance in its income statement. The gross profit margin is notably high, indicating efficient cost management. The net profit margin shows substantial improvement, suggesting enhanced profitability. Revenue growth, although fluctuating, has shown positive trends over the analyzed period. Both EBIT and EBITDA margins are robust, further highlighting operational strength.85
Very Positive
Balance Sheet
The company's balance sheet reflects a solid equity position with a favorable equity ratio. The debt-to-equity ratio is low, signaling conservative leverage and financial stability. However, return on equity, while positive, shows room for improvement to maximize shareholder value.78
Positive
Cash Flow
Excelerate Energy's cash flow is strong, with a notable increase in free cash flow, indicating effective cash generation and management. The operating cash flow to net income ratio is healthy, suggesting good cash conversion from earnings. The free cash flow to net income ratio further supports the company's ability to generate cash relative to its profitability.82
Very Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.75B | 851.44M | 1.16B | 2.47B | 888.55M | 430.84M | Gross Profit |
| 294.24M | 309.14M | 298.08M | 357.00M | 305.31M | 280.37M | EBIT |
| 127.10M | 215.00M | 210.60M | 186.69M | 139.34M | 133.26M | EBITDA |
| 231.98M | 341.10M | 326.70M | 297.86M | 273.00M | 254.18M | Net Income Common Stockholders |
| 6.75M | 32.88M | 30.41M | 80.00M | 41.12M | 38.75M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 537.52B | 537.52M | 555.85M | 530.00M | 85.01M | 100.47M | Total Assets |
| 2.88T | 2.88B | 2.86B | 2.87B | 2.50B | 2.26B | Total Debt |
| 247.12B | 247.12M | 774.65M | 715.88M | 1.02B | 1.34B | Net Debt |
| -290.40B | -290.40M | 218.79M | 199.23M | 945.37M | 1.25B | Total Liabilities |
| 994.71B | 994.71M | 1.05B | 1.17B | 1.50B | 1.48B | Stockholders Equity |
| 1.89T | 1.89B | 505.45M | 477.35M | 1.12B | 887.14M |
| Cash Flow | Free Cash Flow | ||||
| -43.57M | 131.18M | -80.85M | 105.82M | 105.52M | 67.71M | Operating Cash Flow |
| 48.48M | 244.44M | 231.88M | 225.09M | 141.61M | 108.96M | Investing Cash Flow |
| -92.05M | -113.26M | -308.63M | -119.27M | -36.09M | -41.26M | Financing Cash Flow |
| 375.93M | -149.02M | 111.36M | 341.18M | -124.10M | -31.44M |
Excelerate Energy, Inc. Class A Technical Analysis
Negative
26.20
Price Trends
28.25
Negative
29.43
Negative
25.44
Positive
Market Momentum
-0.71
Negative
41.55
Neutral
71.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EE, the sentiment is Negative. The current price of 26.2 is below the 20-day moving average (MA) of 26.98, below the 50-day MA of 28.25, and above the 200-day MA of 25.44, indicating a neutral trend. The MACD of -0.71 indicates Negative momentum. The RSI at 41.55 is Neutral, neither overbought nor oversold. The STOCH value of 71.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EE.
Excelerate Energy, Inc. Class A Peers Comparison
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $2.96B | 20.60 | 6.62% | 0.64% | -26.53% | 13.67% | |
73 Outperform | $800.50M | 23.35 | 0.29% | ― | 26.49% | ― | |
66 Neutral | $4.29B | 34.77 | 5.22% | 0.68% | 6.06% | -2.21% | |
65 Neutral | $2.33B | 92.92 | 2.00% | ― | -1.77% | -41.65% | |
55 Neutral | $7.05B | 3.40 | -6.09% | 6.09% | -0.43% | -51.04% | |
52 Neutral | $655.39M | 236.42 | -0.49% | ― | 11.00% | 97.10% | |
45 Neutral | $3.87B | ― | -38.37% | ― | 62.41% | -85.81% |
* Energy Sector Average
Performance Comparison
EE
Excelerate Energy, Inc. Class A
25.84
9.34
56.61%
ORA
Ormat Techno
72.50
7.75
11.97%
SMR
NuScale Power
15.09
9.61
175.36%
AMPS
Altus Power
4.99
1.17
30.63%
RNW
ReNew Energy Global
6.43
0.62
10.67%
FLNC
Fluence Energy
3.71
-12.53
-77.16%
Excelerate Energy, Inc. Class A Earnings Call Summary
Earnings Call Date: Feb 26, 2025 | % Change Since: -6.29% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
Excelerate Energy's 2024 performance was marked by record financial results, operational excellence, and strategic growth initiatives. Despite some challenges related to asset transitions and maintenance costs, the company's strong financial position and forward-looking strategies indicate a robust outlook.Highlights
Record Adjusted EBITDA and Net Income
Excelerate Energy delivered record adjusted EBITDA of $348 million, above the high end of the guidance range, and net income of $153 million, up 21% year-over-year.
Fleet Reliability and Safety
For the full-year, Excelerate recorded 99.9% reliability across its fleet, marking the highest reliability in the company's history. The company also exceeded all primary safety targets.
Operational Milestones
Excelerate completed its 3,000th LNG ship-to-ship cargo transfer and delivered 272 cargoes of LNG, regasifying about 2.5 billion cubic feet of natural gas daily.
Strategic Financial Management
Excelerate has a healthy balance sheet with $538 million of cash on hand and no outstanding borrowings on its revolving credit facility.
Growth Strategy and Fleet Expansion
The company is on track with its best-in-class new build FSRU, expected for delivery in 2026, and is exploring LNG carrier acquisitions for future conversions.
Lowlights
Transition Impact on Income
Net income increases were partially offset by the transition of the FSRU Sequoia from gas sales in Brazil to a 10-year time charter party agreement.
Dry Docking and Maintenance Costs
2025 maintenance CapEx is expected to range between $60 million to $70 million, with planned dry docks for FSRUs resulting in estimated off-hire time and potential impacts on operations.
Company Guidance
During the Excelerate Energy fourth quarter and full-year 2024 earnings call, the company provided robust guidance for 2025, highlighting an expected adjusted EBITDA range of $340 million to $360 million. The guidance reflects confidence in capturing LNG supply optimization opportunities and maintaining strong performance in the core FSRU fleet. The company plans to invest between $60 million to $70 million in maintenance capital expenditures, including drydocks for two FSRUs, and $65 million to $75 million in committed growth capital, which includes payments for the new build FSRU Hull 3407. Despite potential macroeconomic challenges, Excelerate Energy anticipates continued demand for its flexible and reliable regasification solutions, driven by geopolitical and geoeconomic factors. Additionally, the company remains focused on strategic growth initiatives, including potential acquisitions and conversions of LNG carriers, to further enhance its market position.Excelerate Energy, Inc. Class A Corporate Events
M&A TransactionsBusiness Operations and Strategy
Excelerate Energy Announces Major Acquisition in Jamaica
Positive
Mar 27, 2025
On March 26, 2025, Excelerate Energy Limited Partnership, a subsidiary of Excelerate Energy, Inc., announced an agreement to acquire New Fortress Energy’s business in Jamaica for $1.055 billion. This strategic acquisition, expected to close in the second quarter of 2025, positions Excelerate as a key provider of LNG infrastructure in the Atlantic basin, enhancing its financial profile with stable, long-term cash flows and growth opportunities in the Jamaican energy market.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.