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Provides floating LNG import and regasification infrastructure, delivering natural gas to emerging-market power markets.
Provides floating LNG import and regasification infrastructure, delivering natural gas to emerging-market power markets.
Earns long-term, fixed daily charter fees for hiring out its floating terminals, and supplies cargoes of LNG to buyers on top, so contracted terminal income is steadier than the LNG trading line. Its terminals include Bangladesh, Brazil and Argentina, and the George Kaiser Family Foundation retains control.
Moat: narrow (scale, installed base, process know-how). One of few companies owning and operating a fleet of FSRUs, with long-term supply contracts in underserved markets.
Headquarters: The Woodlands, Texas, US · Founded: 2003 · Employees: 1,046
Size Excelerate Energy (EE) is a United States Utilities company (Gas Distributors) with a market value of $4.17B, the 1321st largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.81 on 6 Nov 2026.
Performance Over six months the shares gained 8.6%, against -3.7% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 49.0% over the last twelve months (peer median +0.2%); the operating margin is 22.0% (peer median 14.9%).
Valuation It trades at 18.6× forward earnings against a peer median of 16.6× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.6 points below its cost of capital (9.6% WACC).
Backlog Backlog (remaining performance obligations) was $18.3B at 30 Sep 2026, up 43% on a year earlier — 13.3 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.47B | $1.23B | $851M | $1.16B | $2.47B |
| Revenue growth | — | +44% | -27% | -53% | — |
| Gross profit | $424M | $395M | $309M | $298M | $260M |
| EBITDA | $479M | $430M | $318M | $341M | $324M |
| Net income | $47.5M | $39.2M | $32.9M | $30.4M | $13.0M |
| Free cash flow | $24.1M | $298M | $131M | -$80.8M | $106M |
| Capital expenditure | $369M | $163M | $113M | $313M | $119M |
| Total debt | $1.39B | $1.43B | $701M | $775M | $716M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Excelerate Energy EE | $4.17B | +9% | +49% | 22% | 18.6× | 18.1% |
| Golar LNG GLNG | $4.40B | -23% | +95% | 46% | n/a | n/a |
| New Fortress Energy NFE | n/a | -88% | n/a | n/a | n/a | n/a |
| Cheniere Energy LNG | $56.8B | +16% | +28% | 31% | 13.0× | -8.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | +0.6% | 8th highest of 21 |
| 6-month return | +8.6% | -3.7% | 4th highest of 21 |
| Distance from 52-week high | -14.7% | -15.6% | 11th highest of 21 |
| Revenue growth (TTM) | +49.0% | +0.2% | highest of 21 |
| Operating margin | 22.0% | 14.9% | 7th highest of 21 |
| Forward P/E | 18.6× | 16.6× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 18.1% | 3.8% | 2nd most demanding of 12 |
| Growth delivered (Del g) | +23.3% | +8.6% | highest of 12 |
| Hurdle (Req g minus delivered) | -5.2 pp | +0.0 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -2.6 pp | -0.9 pp | 5th lowest of 21 |
| EV / EBITDA | 14.2× | 10.7× | 4th most expensive of 18 |
| Net debt / EBITDA | 2.2× | 4.8× | 5th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Excelerate Energy EE | United States | $4.17B | +9% | +49% | 22% | 18.6× | 18.1% | +23.3% |
| MDU Resources MDU | United States | $3.92B | -17% | -30% | 17% | 18.9× | n/a | n/a |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS TGS | United States | $3.80B | -27% | +11% | 44% | 8.2× | -14.6% | +11.8% |
| China Resources Gas 1193.HK | Hong Kong | $4.77B | -13% | +1% | 6% | 10.7× | 1.8% | +11.8% |
| Brookfield Infrastructure BIPC.TO | Canada | $4.91B | +5% | +6% | 60% | 22.0× | n/a | n/a |
| Beijing Enterprises 0392.HK | Hong Kong | $4.93B | -3% | +5% | 4% | 6.3× | 7.7% | +6.7% |
| China Gas 0384.HK | Hong Kong | $3.52B | -31% | -7% | 8% | 9.9× | 3.8% | +1.0% |
| ONE Gas OGS | United States | $5.09B | -5% | -2% | 21% | 16.6× | n/a | n/a |
| China Suntien Green Energy 600956.SS | China | $3.40B | -18% | -12% | 13% | 15.9× | n/a | n/a |
| Chesapeake Utilities CPK | United States | $3.38B | +11% | +15% | 27% | 20.4× | n/a | n/a |
| Enagas ENG.MC | Spain | $5.22B | +7% | -2% | 21% | 19.4× | 15.0% | -2.2% |
| Spire SR | United States | $5.25B | +4% | +4% | 20% | 17.9× | n/a | n/a |
| New Jersey Resources NJR | United States | $5.51B | -2% | +7% | 24% | 16.6× | n/a | n/a |
| TOHO GAS 9533.T | Japan | $2.83B | +3% | -2% | 1% | 21.3× | 24.6% | +8.4% |
| Shenzhen Gas 601139.SS | China | $2.79B | -7% | -1% | 7% | 10.7× | -9.2% | +14.7% |
| Black Hills BKH | United States | $6.47B | +13% | +3% | 24% | 18.2× | n/a | n/a |
| Southwest Gas SWX | United States | $6.62B | +2% | -57% | 29% | 18.9× | n/a | n/a |
| Enn Energy 2688.HK | Hong Kong | $7.02B | -17% | +6% | 7% | 7.6× | -3.4% | +8.6% |
| DCC Energy DCC.L | United Kingdom | $7.41B | +13% | -14% | 3% | 12.7× | 7.1% | +2.9% |
| Keppel Infrastructure Trust A7RU.SI | Singapore | $2.34B | -8% | +4% | 10% | 23.5× | 8.7% | +8.7% |
| Kogas 036460.KS | South Korea | $2.31B | -7% | -10% | 7% | 2.9× | -1.5% | +11.4% |
Excelerate Energy reported $18.3B of remaining performance obligations at 30 Sep 2026, up 43% from a year earlier and up 6% from the previous quarter. That is 13.3 years of trailing revenue already under contract. Book-to-bill last quarter: 4.33.