Excelerate Energy Q2 2026: Adjusted EBITDA beats at $120.1M; new terminal delivered, force majeure on Qatar LNG supply
EE sits 78% above its 52-week low of $21.285.
Summary
Excelerate Energy's Q2 2026 Adjusted EBITDA of $120.1M beat consensus, but a force majeure on Qatar LNG supply adds risk. New terminal delivery and charter wins provide growth offsets.
Key Events · Earnings and Guidance · EE
-
Q2 Adjusted EBITDA Beats Consensus
Adjusted EBITDA came in at $120.1 million, surpassing the $117.3 million consensus, fueled by the Jamaica acquisition and higher terminal services revenue.
-
Force Majeure on Qatar LNG Supply
A force majeure notice was received from QatarEnergy under the long-term LNG purchase agreement due to the Middle East conflict; a corresponding notice was issued to Petrobangla. The timing of any resumption remains unknown.
-
New Terminal Delivered, Charters Secured
Delivery of the Excelerate Acadia was taken in Q2 2026; a nine-month charter with Jordan's NEPCO and a seven-year charter with Frontera Energy for the Express in Colombia were secured.
-
Share Repurchases Continue
During Q2, 693,177 shares were repurchased at an average price of $33.93, totaling $23.8 million. First-half repurchases reached 840,876 shares for $28.8 million.
Analysis · EE · Energy & Transportation
A strong second quarter saw Adjusted EBITDA of $120.1 million top the $117.3 million consensus, as revenue more than doubled year-over-year to $329.3 million, largely thanks to the Jamaica acquisition. Yet the period also introduced a force majeure on the Qatar LNG supply contract, triggered by the Middle East conflict, which clouds the outlook for a critical supply source. On the growth front, the company took delivery of its new floating terminal, locked in charters in Jordan and Colombia, and continued its share buyback program. The dividend was raised to $0.09 per share.
At the time of this filing, EE was trading at $37.86 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $21.29 to $43.18. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.