Excelerate Energy Raises FY 2025 Adjusted EBITDA Guidance to $420-$440 Million Following Jamaica Acquisition

Reuters
30 Jul
Excelerate Energy Raises FY 2025 Adjusted EBITDA Guidance to $420-$440 Million Following Jamaica Acquisition

Excelerate Energy Inc. has announced an increase in its full year 2025 Adjusted EBITDA guidance, now expected to range between $420 million and $440 million. This update follows the company's recent acquisition of New Fortress Energy Inc.'s business in Jamaica, which was completed in May 2025. The integration of the Jamaican operations has reportedly been proceeding as planned, with the platform achieving or exceeding targets for reliability and operational performance. In conjunction with this announcement, Excelerate filed a Form 8-K/A presenting pro forma financial results that incorporate the historical results from the Jamaica operations. After adjusting for Seller-specific cost allocations, the pro forma Adjusted EBITDA for both the three-month period ended March 31, 2025, and the full year ended 2024 aligns with Excelerate's management expectations. Overall, the acquisition in Jamaica represents a significant step in Excelerate's strategy to enhance its position as a provider of last-mile energy infrastructure. The company has made available a slide presentation with a reconciliation of the pro forma financial results and the updated full year 2025 Adjusted EBITDA guidance on its investor relations website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Excelerate Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250729989734) on July 29, 2025, and is solely responsible for the information contained therein.

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