Excelerate raises and narrows 2026 adj EBITDA outlook to $490 mln-$515 mln
Company lifts 2026 committed growth capital guidance to $380 mln-$400 mln
Maintenance capex for 2026 now seen at $85 mln-$95 mln, down on deferred dry dock
Overview
U.S. LNG infrastructure firm's Q2 revenue rose yr/yr but missed analyst expectations
Adjusted net income and adjusted EBITDA for Q2 beat analyst expectations
Company raised quarterly dividend by 13% and lifted full-year adjusted EBITDA outlook
Result Drivers
Jamaica platform - Full quarter contribution from Jamaica platform drove yr/yr increase in net income and adjusted EBITDA
Seasonal impacts - Sequential decrease in adjusted EBITDA was primarily due to LNG, gas and power seasonal impacts, partially offset by higher margins for Jamaica
Expense changes - Higher net income reflected absence of prior-year acquisition-related expenses, partially offset by higher interest expense
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell". The average consensus recommendation for the natural gas utilities peer group is "buy". Wall Street's median 12-month price target for Excelerate Energy Inc is $43.00, about 9.7% above its August 4 closing price of $39.20. The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago.
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