Excelerate Energy, Inc. Class A (EE)

In the past six months, Excelerate Energy's stock has been impacted by several events. The Q1 2026 earnings report showed strong financial results but a weaker EPS, leading to a stock decrease. A quarterly cash dividend of $0.08 per share was approved. The startup of the Iraq terminal project was delayed to 2027 due to conflict in the Middle East. Force majeure notices were received from QatarEnergy and issued to Petrobangla due to the conflict in the Middle East. The FSRU Excelerate Acadia was deployed to Jordan to mitigate the impact of the Iraq project delay. Over the past six months, the stock has seen a 17.67% increase, and a 37.9% increase.

While most of Excelerate Energy's operations are under long-term take-or-pay arrangements, seasonal weather can influence the demand for their services, particularly natural gas and LNG sales. The company manages these seasonal fluctuations by configuring its global operations to meet energy needs during the winters in both the northern and southern hemispheres. Changes in temperature and weather can affect both power demand and the power generation mix in the regions they serve, thereby impacting the need for regasified LNG.

Excelerate Energy, Inc., founded in 2003 and headquartered in The Woodlands, Texas, operates in the utilities sector, focusing on natural gas distribution and oil & gas midstream industries. The company provides integrated services across the LNG-to-power value chain, delivering rapid-to-market and reliable LNG solutions globally. Its major services include floating regasification, infrastructure development, LNG supply, procurement, distribution, power generation, and terminal services. They operate 12 terminals as of March 31, 2026, representing approximately 25% of global floating regasification capacity.

Excelerate Energy has a global operational footprint with a presence in North America (United States), South America (Argentina, Brazil), Europe (Belgium, Finland, Germany, United Kingdom), Middle East (United Arab Emirates, Qatar, Iraq, Israel), Asia (Bangladesh, Pakistan, Vietnam, Singapore), and the Caribbean (Jamaica). The company is the largest provider of regasified LNG in Argentina and Bangladesh, and a significant provider in Brazil and Pakistan.

Excelerate Energy has a reputation as a leader and innovator in floating LNG solutions, emphasizing its commitment to providing flexible LNG infrastructure and helping customers access LNG supply. The company is recognized for its track record in emerging markets and its integrated business model. Excelerate Energy highlights its role in providing cleaner, more affordable, and reliable energy, particularly to emerging markets, and its contribution to energy security. The company's operational resilience amidst geopolitical challenges and its ability to strategically redeploy assets reinforce its reputation.

Excelerate Energy has a mixed ownership structure including institutional, insider, and retail investors. As of May 5, 2026, there are 198 institutional owners holding 33,197,392 shares, including George Kaiser Family Foundation, Wellington Management Group LLP, and Vanguard Group Inc. Excelerate Energy Holdings LLC is the largest individual shareholder, owning 82.02 million shares, representing 71.91% of the company. George B. Kaiser, the founder of Excelerate Energy, is the principal owner of Kaiser-Francis Oil Company and the majority shareholder of BOK Financial Corporation.