Excelerate Energy beat third quarter 2026 estimates behind record earnings and new charter agreements

Excelerate Energy reported record financial results for the third quarter of 2026, exceeding analyst expectations for both top and bottom-line performance. The company’s growth was primarily driven by the commencement of a new charter in Jordan and higher direct margins across its LNG, gas, and power segments.

Key Highlights

• Net income reached $60.0 million, while Adjusted EBITDA climbed to $133.5 million, significantly outperforming estimates.
• The company secured an 11-year LNG supply agreement with AxDo Bahamas Ltd to anchor the planned Bahamas LNG Hub, with initial deliveries expected in Q1 2027.
• A contract extension was executed with Petrobras for the FSRU Sequoia, extending the agreement by five years through 2038 with plans for a 2028 reliquefaction unit installation.
• Full-year 2026 Adjusted EBITDA guidance was narrowed to $495 million–$515 million, while growth capital expenditure guidance was raised to $400 million–$410 million due to FSRU conversion timing.