Excelerate raises 2025 results guidance
US FSRU operator, Excelerate Energy, has reported net income of $52.1 mill for the first quarter of this year.
Adjusted net income was $55.6 mill, while adjusted EBITDA came in at $100.4 mill for 1Q25.
Excelerate raised its full year 2025 adjusted EBITDA guidance to a range of between $345 mill and $365 mill.
The company also declared a quarterly cash dividend of $0.06 per share, or $0.24 per share on an annualised basis, payable on 5th June, 2025.
“Excelerate delivered another quarter of strong earnings results. Our first quarter performance underscores the effective execution of our strategy and our ongoing efforts in cost management across the organisation,” said President and CEO, Steven Kobos.
“Additionally, we are excited about our recently announced acquisition of an integrated LNG and power platform in Jamaica. This strategic transaction is anticipated to expand and diversify our global presence, increase our earnings, and improve our operating cash flow.
“We are committed to enhancing shareholder returns through our disciplined approach to capital allocation and our unwavering focus on near-term value creation,” he said.
First quarter net income and adjusted EBITDA increased sequentially from the previous quarter primarily due to the timing of vessel operating and maintenance activities and lower selling, general, and administrative expenses.
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