Excelerate Sees Up To $101 Million EBITDA In Q1, Launches $700 Million Notes Offering To Fund Jamaica Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2025
0mins
Source: Benzinga
Preliminary Financial Results: Excelerate Energy Inc. projects a first-quarter income before taxes of $52-$59 million and adjusted EBITDA of $96-$101 million, with cash reserves expected to be between $600-$620 million as of March 31, 2025.
Senior Notes Offering and Acquisition Plans: The company announced a $700 million offering of unsecured senior notes due in 2030 to finance its $1.055 billion acquisition of New Fortress Energy's Jamaica operations, aiming to enhance its global presence and operational cash flow.
Analyst Views on EE
Wall Street analysts forecast EE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EE is 35.17 USD with a low forecast of 29.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 35.000
Low
29.00
Averages
35.17
High
46.00
Current: 35.000
Low
29.00
Averages
35.17
High
46.00
About EE
Excelerate Energy, Inc. is a liquefied natural gas (LNG) company. It offers a full range of services, including floating storage and regasification units (FSRUs), LNG import infrastructure development, and LNG and natural gas supply. It operates a fleet of 10 purpose-built FSRUs, has completed more than 3,000 ship-to-ship (STS) transfers of LNG with over 50 LNG operators and delivered more than 7,400 billion cubic feet of natural gas through 16 LNG regasification terminals. In addition to standard LNG carrier functionality, its purpose-built FSRUs have the onboard capability to vaporize LNG and deliver natural gas through specially designed offshore and near-shore receiving facilities. It also has operations at the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant in Jamaica. Its business spans the globe, with regional offices in over 11 countries and operations in Argentina, Brazil, Finland, Germany, the UAE, the U.S., and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
