Excelerate Sees Up To $101 Million EBITDA In Q1, Launches $700 Million Notes Offering To Fund Jamaica Deal

Excelerate Energy Inc. EE shares are trading lower on Monday. The company disclosed preliminary results for the first quarter of 2025 and senior notes offering.

Preliminary Results: The company projects income before taxes expected of $52 million-$59 million and adjusted EBITDA of $96 million-$101 million for the first quarter.

As of March 31, 2025, cash and cash equivalents is projected to be $600 million-$620 million.

This does not include net proceeds of around $175.5 million from the public offering received on April 2, 2025.

As of March 31, 2025, the company had about $350 million undrawn and available for borrowing from a revolving credit facility.

The company plans to release first-quarter results on May 7, 2025.

Also Read: Excelerate Adds Strategic LNG Assets At 9x EBITDA In Latest $1.05B Acquisition

Senior Notes Offering: Excelerate Energy also announced that its subsidiary launched a $700 million offering of unsecured senior notes due in 2030.

The proceeds, along with funds from a prior equity offering and existing cash, is expected to be used to finance the $1.055 billion acquisition of New Fortress Energy's Jamaica operations, repay $163.6 million in term loan debt (as of Dec. 31, 2024), and cover related costs.

Dana Armstrong, executive vice president and CFO of Excelerate, said, “… we are excited about our recently announced acquisition of an integrated LNG and power platform in Jamaica. We expect this strategic transaction will expand and diversify our global presence, while increasing our earnings and enhancing our operating cash flow.”

Investors can gain exposure to the stock via Range Global LNG Ecosystem Index ETF LNGZ and Texas Capital Texas Small Cap Equity Index ETF TXSS.

EE Price Action: Excelerate Energy shares are down 0.64% at $26.42 at publication Monday.

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