Overview
Excelerate Q3 revenue rises, beating analyst expectations
Adjusted net income for Q3 beats estimates, driven by Jamaica operations
The LNG infrastructure services provider raises full-year 2025 adjusted EBITDA guidance
Outlook
Excelerate raises full-year 2025 Adjusted EBITDA guidance to $435 mln-$450 mln
Company expects limited financial impact from Hurricane Melissa in Q4
Maintenance capex for 2025 expected to range between $65 mln and $75 mln
Result Drivers
JAMAICA OPERATIONS - Full quarter of Jamaica margin and higher LNG, gas, and power sales opportunities boosted Q3 results
IRAQ LNG TERMINAL - Executed agreement for Iraq's first LNG import terminal, contributing to strategic growth
HURRICANE IMPACT - Limited financial impact from Hurricane Melissa due to comprehensive insurance and timely restoration
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $391 mln | $286.20 mln (4 Analysts) |
Q3 Adjusted Net Income | Beat | $57.10 mln | $10.30 mln (3 Analysts) |
Q3 Net Income | $55 mln | ||
Q3 Adjusted EBITDA | Beat | $129.30 mln | $112.50 mln (9 Analysts) |
Q3 Operating Income | $87.20 mln | ||
Q3 Pretax Profit | $62.98 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Excelerate Energy Inc is $34.50, about 25.8% above its November 4 closing price of $25.60
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release: ID:nBw8GYXvWa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)