Key Highlights

  • Quarterly Net Income reached USD 60.0 million for the period ended September 30, 2026, up from USD 55.0 million, with diluted EPS at USD 0.44 compared with USD 0.43.
  • Revenue receded about 24.0% (calculated) to USD 297.2 million from USD 391.0 million, as LNG, gas and power sales slid to USD 131.6 million from USD 245.2 million.
  • Adjusted EBITDA moved up to USD 133.5 million from USD 129.3 million, and the full-year 2026 range was tightened to USD 495 million through USD 515 million.
  • Directors approved a quarterly payout of USD 0.09 a share, to be paid December 3, 2026 to Class A holders registered on November 18, 2026.

Terminal Business Covers for Weaker LNG Trading Revenue

Excelerate Energy (NYSE:EE) disclosed third-quarter findings on November 4, 2026. Its business centers on floating regasification facilities that convert imported liquefied Natural Gas for buyers, some of them national governments focused on Supply security. Revenue from terminal services advanced to USD 165.7 million, up from USD 145.9 million, whereas LNG, gas and power sales declined, and their associated costs fell to USD 91.2 million from USD 201.9 million. Operating Income rose to USD 94.6 million from USD 87.2 million. Leadership pointed to a fresh Jordan charter and explained that the prior-year quarter had received a boost from delivery scheduling under an Atlantic Basin deal. Adjusted gross Margin improved to USD 155.9 million from USD 144.6 million.

Who Keeps the Bulk of Earnings and What Adjusted Figures Show

Non-controlling interests claimed the majority of the USD 60.0 million, totaling USD 45.8 million. The shareholders' portion of net income was USD 14.2 million, up slightly from USD 14.0 million twelve months earlier. On an adjusted basis EPS came to USD 0.44 against USD 0.45, the earlier figure having excluded USD 2.2 million of transition and deal costs. Relative to the prior quarter, net income climbed from USD 50.1 million and Adjusted EBITDA from USD 120.1 million. Cash not restricted stood at USD 356.7 million, and the whole USD 500 million revolver remained open. Over nine months operating cash generation reached USD 254.5 million, down from USD 356.8 million, while USD 38.1 million of Class A shares were repurchased.

Contract Wins, Capital Budget Shifts and Geopolitical Exposure

The company signed an 11-year supply deal for as much as 16 TBtu annually with AxDo, tied to a proposed Bahamas LNG Hub. It extended the FSRU Sequoia arrangement with Petrobras by five years, to 2038, and entered a five-year Iraq terminal pact aimed at a second-quarter 2027 start. Maintenance capital guidance was reduced to USD 65 million through USD 75 million, whereas committed growth capital increased to USD 400 million through USD 410 million for an FSRU conversion. Citing the conflict in the Arabian Gulf, management plans to deploy vessels away from the Strait of Hormuz when feasible. Schedule slippage, rising costs and counterparty performance are flagged as risks.

Where Things Stand

Mainly through terminal fees and cost control, because LNG Marketing contributed much less. Excelerate Energy (NYSE:EE) lifted net income to USD 60.0 million and Adjusted EBITDA to USD 133.5 million despite a roughly 24.0% revenue decline (calculated), though only USD 14.2 million reached shareholders. The release gives no earlier guidance, so the magnitude of the tightening is unknown. Next, watch the November 5 call, Bahamas deliveries slated to begin in the first quarter of 2027, the Iraq launch and spending plans.