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Excelerate Energy Says Following The Closing Of The Jamaica Acquisition, The Company Now Expects FY25 Adjusted EBITDA Guidance To Range Between $420M-$440M

Benzinga·07/29/2025 21:25:04
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Excelerate Energy, Inc. (NYSE:EE) (the "Company" or "Excelerate") today raised its full year 2025 Adjusted EBITDA guidance range and filed a Form 8-K/A with pro forma financial results related to the acquisition of New Fortress Energy Inc.'s ("Seller") business in Jamaica.

KEY HIGHLIGHTS

  • Excelerate closed its acquisition of the integrated LNG and power platform in Jamaica in May 2025 (the "Jamaica Acquisition")
  • Following the closing of the Jamaica Acquisition, the Company now expects full year 2025 Adjusted EBITDA guidance to range between $420 million and $440 million
  • The Company has filed a Form 8-K/A with pro forma financial information that incorporates the Seller's historical results from its Jamaica operations
  • The pro forma financial results include certain cost allocations to the Jamaica business based on assumptions and methodologies specific to the Seller
  • After removing these Seller-specific cost allocations, pro forma Adjusted EBITDA for both the three-month period ended March 31, 2025 and the full year ended 2024 are aligned with Excelerate management expectations
    • A slide presentation with a reconciliation of the pro forma financial results and updated full year 2025 Adjusted EBITDA guidance range is available on the Company's IR website