Excelerate Energy Raises Full-Year EBITDA Guidance Following Jamaica Acquisition

Excelerate Energy has raised its full-year EBITDA guidance following the acquisition of New Fortress Energy's business in Jamaica. The company reported that the acquired business is meeting or exceeding targets for reliability and operational performance. This led to a 15.1% increase in Excelerate Energy's stock price post-market on Tuesday.

Excelerate Energy, Inc. (NYSE: EE) has raised its full-year 2025 Adjusted EBITDA guidance range following the acquisition of New Fortress Energy Inc.'s business in Jamaica. The company announced the updated guidance and filed a Form 8-K/A with pro forma financial results related to the acquisition [1].

The acquisition, which closed in May 2025, has resulted in a significant increase in Excelerate's projected financial performance. The company now expects full-year 2025 Adjusted EBITDA to range between $420 million and $440 million, up from its previous guidance. The pro forma financial results, which incorporate the Seller’s historical results from its Jamaica operations, indicate that the integration is proceeding as planned, with the platform meeting or exceeding management's targets for reliability and operational performance [1].

The acquisition of the integrated LNG and power platform in Jamaica has been a strategic move for Excelerate, aligning with its vision to become a provider of critical last-mile energy infrastructure. The company's President and CEO, Steven Kobos, stated, "Our recent acquisition in Jamaica marks a significant milestone in Excelerate’s strategic vision to become a provider of critical last-mile energy infrastructure" [1].

Following the announcement, Excelerate's stock price experienced a post-market increase of 15.1% on Tuesday, reflecting investor confidence in the company's ability to successfully integrate the acquired business and achieve its financial targets [2].

The pro forma financial results have been aligned with management expectations, with certain cost allocations to the Jamaica business based on assumptions and methodologies specific to the Seller. A slide presentation with a reconciliation of the pro forma financial results and updated full-year 2025 Adjusted EBITDA guidance range is available on the Company’s IR website [1].

Excelerate Energy, Inc. reports financial results in accordance with accounting principles generally accepted in the United States (GAAP). The company uses Adjusted EBITDA as a non-GAAP financial measure to supplement its financial information, providing investors with additional useful information in evaluating the Company’s performance and valuation [1].

References:
[1] https://www.businesswire.com/news/home/20250729989734/en/Excelerate-Energy-Raises-FY-2025-Guidance-and-Reports-Jamaica-Acquisition-Pro-Forma-Financial-Results
[2] https://seekingalpha.com/news/4473940-excelerate-energy-hikes-full-year-ebitda-guidance-to-reflect-jamaica-acquisition