Overview

* Excelerate Q3 revenue rises, beating analyst expectations

* Adjusted net income for Q3 beats estimates, driven by Jamaica operations

* The LNG infrastructure services provider raises full-year 2025 adjusted EBITDA guidance

Outlook

* Excelerate raises full-year 2025 Adjusted EBITDA guidance to $435 mln-$450 mln

* Company expects limited financial impact from Hurricane Melissa in Q4

* Maintenance capex for 2025 expected to range between $65 mln and $75 mln

Result Drivers

* JAMAICA OPERATIONS - Full quarter of Jamaica margin and higher LNG, gas, and power sales opportunities boosted Q3 results

* IRAQ LNG TERMINAL - Executed agreement for Iraq's first LNG import terminal, contributing to strategic growth

* HURRICANE IMPACT - Limited financial impact from Hurricane Melissa due to comprehensive insurance and timely restoration

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $391 mln $286.20

Revenue mln (4

Analysts

)

Q3 Beat $57.10 $10.30

Adjusted mln mln (3

Net Analysts

Income )

Q3 Net $55 mln

Income

Q3 Beat $129.30 $112.50

Adjusted mln mln (9

EBITDA Analysts

)

Q3 $87.20

Operatin mln

g Income

Q3 $62.98

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and 1 "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 ( EE ) is $34.50, about 25.8% above its November 4 closing price of $25.60

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)