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Excelerate Energy, Inc.

EE Energy Oil & Gas Midstream

Excelerate Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 44.3% from fiscal 2024.

Revenue
−24.0%
EPS
+2.27%
Free cash flow
−19.8%
Total debt
−4.28%

Quarter to September 2026, against a year earlier

37.17 1.83 +5.18%
Market cap
$4.0B
P/E
23.5×
Fwd P/E
22.8×
Dividend yield
0.94%
F-score
4/9
Altman Z
0.94
Beneish M
−2.56
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.20
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — — — — —
Insider Ownership 1.91%

Capital & Financial Ratios $m

Size
Market Cap 4,010.00
Revenue ttm 1,377.49
Net income ttm 199.14
Free cash flow ttm 11.67
Net debt Q 839.09
Valuation
P/E 23.49
Forward P/E 22.80
Price / sales 0.80
Forward P/S Powerpack
Price / FCF 94.56
Price / book 0.48
Financial health
Current ratio Q 1.95 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 2.97
Growth
Revenue growth Q −24.00% (below 0%: shrinking)
Operating income growth Q +8.41% (above 0%: growing)
EPS, this year +25.88% (at or above 15%: strong)
EPS, next year A +28.48% (at or above 15%: strong)
Revenue, next year A +23.67% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +25.57% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 0.6×; over the ten years it ranged from 0.3× in 2023 to 1.7× in 2025.
P/E against its own 10 years 68.14%
10-year low 10-year high
P/S against its own 10 years 76.67%
10-year low 10-year high
P/B against its own 10 years 87.83%
10-year low 10-year high
EV/Sales against its own 10 years 89.88%
10-year low 10-year high
EV/FCF against its own 10 years 99.76%
10-year low 10-year high

Dividends raised 4 years running

Yield
0.94%
Annual rate
0.33
Payout ratio
22.6%
Growth, 2017–25
−17.6%/yr
  1. 1.32 ’17
  2. 1.42 ’18 +8
  3. 1.52 ’19 +7
  4. 0.99 ’20 −35
  5. 0.00 ’21 −100
  6. 0.05 ’22
  7. 0.10 ’23 +100
  8. 0.14 ’24 +35
  9. 0.28 ’25 +107
  10. 0.35 ’26e +24
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 575 584 580 —
Receivables 97 120 83 88
Inventory — — — —
Other 27 51 90 141
700 754 753 618
2023 2024 2025 Q'26
Payables 14 7 47 15
ST’ Debt 51 56 34 —
Other — — — —
204 216 310 317

Compound Annual Growth %

10y 5y 3y
Sales — 23.31% (20.81%)
Cash Flow — 33.45% 27.01%
Earnings — — 43.29%
Book Value — 0.00% 9.52%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.35 Actual 0.37

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.30 0.45 Beat by 0.15
Q4 FY25 0.30 0.29 Miss by 0.01
Q1 FY26 0.39 0.37 Miss by 0.02
Q2 FY26 0.35 0.37 Beat by 0.02
Q3 FY26 0.42 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.37 0.37 0.44 — —
’25 0.46 0.15 0.43 0.28 1.28
’24 0.24 0.26 0.35 0.40 1.27
’23 0.26 0.23 0.40 0.14 1.11
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 433 329 297 — —
’25 315 205 391 318 1,228
’24 200 183 193 275 851
’23 211 432 275 240 1,159
’22 592 623 803 455 2,473
’21 165 193 192 339 889
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 60 114 80 — —
’25 155 87 115 104 461
’24 65 90 40 50 244
’23 47 (22) 171 37 232
’22 (31) 22 (6) 241 225
’21 47 31 52 11 142
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 34 (143) 50 — —
’25 111 54 63 71 298
’24 52 65 28 (14) 131
’23 32 (296) 159 28 (77)
’22 (42) (9) (28) 185 106
’21 42 25 33 6 106
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 431 889 2,473 1,159 851 1,228 1,377 +23.3% 1,519 1,982 2,397 +25.0%
Gross margin, % — — — — 65.07 34.36 14.44 35.58 47.93 41.26 0.00 (23.8) pt
EBT — — — — 47 62 108 160 179 195 233 +33.0%
EBT margin, % — — — — 10.87 7.02 4.38 13.81 21.04 15.87 16.89 +5.0 pt
Net income — — — — 33 41 80 127 153 167 199 +38.4%
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 94.19 44.14 33.52 41.11 43.97 n/m
Earnings — — — — — — 0.51 1.16 1.29 1.31 1.50 +37.0%
Cash flow — — — — 0.00 0.00 8.57 8.83 9.62 15.44 11.46 n/m
Capex — — — — 0.00 0.00 (4.54) (11.75) (4.46) (5.45) (11.08) n/m
Free cash flow — — — — 0.00 0.00 4.03 (2.92) 5.16 9.98 0.37 n/m
Book value — — — — 0.00 0.00 64.63 68.91 74.35 74.60 73.97 n/m
Shares, m — — — — — — 26 26 25 30 31 +4.4%
Valuation, ×
Valuation, × P/E — — — — 28.75 28.75 28.75 13.00 22.92 20.63 23.49 23.8
P/S — — — — 0.00 0.00 0.26 0.34 0.90 0.68 0.80 0.4
P/B — — — — 0.00 0.00 0.38 0.22 0.41 0.38 0.48 0.2
EV/Sales — — — — 0.62 0.62 0.29 0.49 1.01 1.22 1.41 0.7
EV/FCF — — — — 38.96 38.96 6.88 (7.38) 6.53 5.03 166.45 14.8
Cash, $m
Cash, $m Operating cash flow — — — — 109 142 225 232 244 461 359 +33.5%
Capex — — — — (41) (36) (119) (309) (113) (163) (347) +31.6%
Free cash flow — — — — 68 106 106 (77) 131 298 12 +34.5%
Balance, $m
Balance, $m Working capital — — — — — (30) 432 496 538 443 301 n/m
Net debt — — — — — 785 80 171 89 663 839 (4.2%)
Shareholders’ equity — — — — — 1,004 1,697 1,809 1,889 2,229 2,317 +22.1%
Returns, %
Returns, % ROA — — — — — 0.00 0.50 1.06 1.14 1.12 1.15 +1.1 pt
ROIC — — — — 0.00 4.87 6.57 6.65 6.80 5.76 8.84 +5.8 pt
ROE — — — — — — 0.99 1.73 1.78 1.90 2.12 +0.9 pt
People
People Employees — — — — — 901 890 915 919 1,046 — +3.8%
Revenue/emp, $m — — — — 0.00 0.99 2.78 1.27 0.93 1.17 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Excelerate Energy, Inc. vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CMBT CMB.TECH nv $4.8B 3.4× 3.9× +519.15% (above 0%: growing) n/m +451.20% (above 0%: growing) 71.02% 54.45% Compare
GLNG Golar LNG Limited $4.4B 27.1× 40.4× +100.86% (above 0%: growing) −30.19% (below 0%: shrinking) +33.24% (above 0%: growing) 67.68% 49.39% Compare
STNG Scorpio Tankers Inc. $4.1B 3.9× 4.4× +10.40% (above 0%: growing) +171.19% (above 0%: growing) +229.09% (above 0%: growing) 70.83% 100.99% Compare
EE Excelerate Energy, Inc. $4.0B 23.5× 22.8× −24.00% (below 0%: shrinking) +2.27% (above 0%: growing) −19.75% (below 0%: shrinking) 0.00% 31.81%
TRMD TORM PLC $3.5B 5.6× — +110.28% (above 0%: growing) +451.67% (above 0%: growing) +48.55% (above 0%: growing) 89.05% 53.58% Compare
DHT DHT Holdings, Inc. $3.3B 7.0× 3.9× +122.12% (above 0%: growing) +251.43% (above 0%: growing) +122.28% (above 0%: growing) 83.01% 71.31% Compare
BWLP BW LPG Limited $3.3B 7.4× — −3.06% (below 0%: shrinking) +243.48% (above 0%: growing) +1,336.28% (above 0%: growing) 23.60% 13.87% Compare
SUNC SunocoCorp LLC $3.3B 10.3× — +248.12% (above 0%: growing) — +690.91% (above 0%: growing) 8.65% 4.10% Compare
TNK Teekay Tankers Ltd. $2.8B 4.9× 4.1× +62.97% (above 0%: growing) +258.56% (above 0%: growing) +278.92% (above 0%: growing) 59.49% 58.49% Compare
Median of peers $3.4B 6.3× 4.1× +105.57% +247.46% +254.01% 69.26% 54.02%

All 57 Oil & Gas Midstream stocks →

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 6.10m 4.14m 119.63
2024 5.44m 13.08m 127.72
2023 4.08m 2.61m 64.87
2022 2.90m 2.90m 104.57

Ownership

Directors and executive officers, together less than 1% of the votes
Excelerate Energy Holdings, LLC 71.89% of the votes
George Kaiser Family Foundation 6.88% of the votes
Wellington Management Group, LLP 3.19% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Excelerate Energy, Inc. (EE) Latest News

5 Nov

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby
Impact 3 · · Business Wire

4 Nov

Impact 3 · · Business Wire

29 Oct

Impact 3 · · Business Wire

28 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · StockStory

28 Sep

Impact 3 · · StockStory

23 Aug

Impact 3 ·
Impact 3 ·

14 Aug

Impact 3 ·

12 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 · transcript
Impact 3 · · Moby transcript

5 Aug

Impact 4 ·

16 May

Impact 3 · · StockStory

12 May

Impact 3 · · StockStory

11 May

Impact 3 · · Simply Wall St.

10 May

Impact 4 · · MarketBeat

8 May

Impact 4 · · The Motley Fool transcript

7 May

Impact 4 · · Moby

6 May

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · StockStory

29 Apr

Impact 3 · · Zacks

18 Apr

Impact 3 · · Simply Wall St.

17 Apr

Impact 3 · · StockStory

3 Apr

Impact 3 · · StockStory

31 Mar

Impact 3 · · Business Wire

EE metrics, ten years each

stockrow.com/EE · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com