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Interested in Frontera Energy Co.? Here are five stocks we like better. Frontera Energy completed its transformation into a standalone, infrastructure-focused company after finalizing its arrangement with Parex Resources, returning CAD 8.34 per share to shareholders. Puerto Bahia delivered stronger performance, with second-quarter revenue rising to $14.6 million and RoRo cargo volumes increasing 85% year over year; ODL also provided $26.8 million in dividends. The company advanced its Cartagena LNG regasification project through a seven-year Ecopetrol take-or-pay agreement and an FSRU lease with Excelerate Energy, while adjusted EBITDA rose 18% year over year to $30.5 million and leverage improved to 0.98 times. Frontera Energy (TSE:FEC) said its second-quarter results reflected the completion of its transformation into a standalone infrastructure-focused company, supported by higher port revenue at Puerto Bahia, improved cash generation and progress on a planned LNG regasification project in Cartagena. The company completed its plan of arrangement with Parex Resources on June 1. Chairman Gabriel de Alba said the transaction resulted in a return of CAD 8.34 per share to shareholders on June 23 and marked the culmination of a multiyear effort to simplify the business and unlock value. → AMG’s Alternatives Boom Powers Record Growth “Frontera today is a fundamentally different company, simpler and focused on infrastructure with resilient cash-generating assets,” de Alba said. He added that the company’s focus is now on growth, execution and disciplined capital allocation. Chief Executive Officer Orlando Cabrales said Puerto Bahia generated port revenue of $14.6 million in the second quarter, up from $12.7 million in the prior quarter and $11.3 million in the second quarter of 2025. → Microsoft's Maia 300 Chip Targets NVIDIA's AI Dominance The port continued to expand its role in Colombia’s automotive sector, with roll-on/roll-off, or RoRo, cargo volumes rising about 85% from a year earlier and 26% sequentially. Puerto Bahia handled a record 17,200 units in April, Cabrales said. LPG volumes also continued to ramp up during the quarter. Frontera also received $26.8 million in dividends from its ODL pipeline investment, according to Cabrales. During the quarter, ODL declared an additional $5.2 million return of capital. → The Metals Company’s Big Bet Now Comes Down to a License The company highlighted commercial and financing developments for its LNG regasification project at Puerto Bahia. Puerto Bahia entered into a seven-year take-or-pay agreement with Ecopetrol to provide integrated logistics and LNG regasification services in Cartagena. The agreement is planned to proceed in two phases. The initial phase would provide regasification capacity of 126 million cubic feet per day for two years beginning in 2027, followed by capacity of 300 million cubic feet per day. To support the contract, Puerto Bahia signed an agreement with Excelerate Energy to lease a floating storage and regasification unit, or FSRU, for an initial seven-year term. The lease may be extended for an additional five to eight years. De Alba said the Ecopetrol agreement and the secured FSRU capacity provide the commercial and technical foundation for the project. Frontera is targeting first gas from the development in early 2027. Chief Financial Officer Andrés Sarmiento reported adjusted EBITDA of $30.5 million for the second quarter, compared with $28.5 million in the first quarter and $25.9 million in the second quarter of 2025. The year-over-year increase was 18%. Cash provided by operating activities from continuing operations totaled $26 million, compared with cash used of $5 million in the previous quarter and cash used of $6.6 million a year earlier. Total cash was $56.3 million as of June 30, 2026. Net debt was $114.2 million, down from $123.7 million at Dec. 31, 2025. Net debt to adjusted EBITDA improved to 0.98 times from 1.35 times a year earlier. Last-12-month distributable cash flow was $78.8 million, compared with $21.4 million at March 31, 2026, and $71.4 million a year earlier. Capital expenditures from continuing operations were $1.5 million during the quarter and $2.5 million for the first six months of 2026. Investments at Puerto Bahia included $0.5 million for the LPG project and $0.2 million for the LNG project. Sarmiento said Bancolombia approved a $30 million loan facility for Puerto Bahia to support the LNG project. Of that amount, $10 million was available in 2026, while an additional $20 million was disbursed after quarter-end in July. The proceeds are being used for advances to LNG-project suppliers. After the quarter ended, Frontera also entered into a letter-of-credit facility agreement with Macquarie Bank Limited for up to $12.6 million. The facility is intended to secure obligations under the FSRU leasing agreement and an operating services agreement with Excelerate Energy. Cabrales said Frontera is entering its next phase with a simplified infrastructure platform, lower leverage and a growth pathway centered on the Puerto Bahia LNG project. Frontera Energy Corporation is a Canadian public company dedicated to energy-focused investments in South America, including a significant footprint in midstream assets in Colombia, such as Puerto Bahia and the ODL pipeline as well as exploration and development assets with interests in 18 blocks in Colombia and Guyana. Frontera has entered into a transaction pursuant to which its interest in the 17 blocks in Colombia together with its Proagrollanos and Agrocascada assets, are being sold, with closing expected in the second quarter of 2026. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Frontera Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Excelerate Energy’s results for Q2 reflected strong year-over-year growth, but the market’s neutral reaction may signal questions about the sustainability of recent momentum. Management cited the full-quarter contribution from its Jamaica platform, the redeployment of the Acadia vessel to Jordan, and disciplined asset optimization as key drivers. CEO Steven Kobos highlighted, “We matched one of our floating regasification assets with an immediate customer need and generated meaningful earnings uplift while preserving the asset’s strategic positioning for future opportunities.” Is now the time to buy EE? Find out in our full research report (it’s free). Revenue: $329.3 million vs analyst estimates of $324.1 million (61% year-on-year growth, 1.6% beat) Adjusted EPS: $0.37 vs analyst estimates of $0.34 (7.5% beat) Adjusted EBITDA: $120.1 million vs analyst estimates of $118.3 million (36.5% margin, 1.6% beat) Operating Margin: 24.6%, up from 21.2% in the same quarter last year While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Theresa Chen (Barclays): Asked how strong recontracting of the Express vessel in Colombia affects expectations for pricing and contract terms across the fleet. CEO Steven Kobos said market tightness should continue and that they expect to secure similarly favorable terms on future contracts. Olivia Halferty (Goldman Sachs): Inquired about the rationale for selecting the Methane Patricia Camila for FSRU conversion and progress on commercial discussions. COO David Liner detailed the vessel’s technical advantages and outlined milestones, including the shipyard agreement and equipment orders. Elias Jossen (JPMorgan): Wanted clarification on growth opportunities in Jamaica and the Caribbean, asking when larger deals might materialize. CCO Oliver Simpson said incremental sales are already happening and that long-term discussions are underway, with more news expected later in the year. Christopher Robertson (Deutsche Bank): Asked if Middle East instability has changed customer preferences for contract structure or asset design. CEO Steven Kobos responded that more customers are interested in integrated solutions to ensure stable pricing and supply security. Wade Suki (Capital One): Sought details on growth opportunities in newer markets like Bangladesh, Colombia, and potential for new FSRU acquisitions. CCO Simpson pointed to robust demand and a deliberate approach to project selection, while Kobos said they remain open to opportunistic asset purchases. In upcoming quarters, the StockStory team will focus on (1) the ramp-up and milestone progress of Iraq’s LNG terminal and the FSRU conversion project, (2) signs of increased recurring revenue from integrated terminal offerings in the Caribbean and beyond, and (3) further vessel redeployment or contract wins in high-demand regions. We will also monitor discipline in capital allocation and any developments in regional geopolitical risk that could affect project execution. Excelerate Energy currently trades at $35.75, down from $38.50 just before the earnings. Is there an opportunity in the stock? The answer lies in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 8:00 a.m. ET President and Chief Executive Officer - Steven Kobos Chief Financial Officer - Dana Armstrong Chief Commercial Officer - Oliver Simpson Chief Operating Officer - David Liner Vice President, Investor Relations and Strategy - Craig Hicks Need a quote from a Motley Fool analyst? Email [email protected] Operator: Hello, everyone. Thank you for joining us, and welcome to the Excelerate Energy Second Quarter 2026 Earnings Conference Call. [Operator Instructions] I will now hand the conference call over to Craig Hicks, Vice President, Investor Relations and Strategy. Craig, please go ahead. Craig Hicks: Good morning, and thank you for joining Excelerate Energy's Second Quarter 2026 Earnings Call. Joining me today are Steven Kobos, President and CEO, and Dana Armstrong, Chief Financial Officer. Also joining the call are Oliver Simpson, Chief Commercial Officer, and David Liner, Chief Operating Officer. Our second quarter earnings press release and presentation were published yesterday afternoon and are available on our website at ir.excelerateenergy.com. Before we begin, please note that today's discussion will include forward-looking statements, which involve risks and uncertainties that may cause actual results to differ materially. We undertake no obligation to update these statements. We'll also reference certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures can be found at the end of the presentation. With that, it is my pleasure to pass the call over to Steven Kobos. Steven Kobos: Good morning, everyone, and thank you for joining us. This was a strong quarter for Excelerate, both financially and operationally. We delivered $120.1 million of adjusted EBITDA and advanced a number of commercial opportunities that support our growth outlook for the years ahead. Before I get into the quarter, let me start with what drives this business. We connect global LNG supply to the markets that need it most, and we own and operate an energy infrastructure portfolio that turns imported LNG into reliable, affordable energy. The backdrop for that work has never been stronger. An unprecedented wave of new LNG supply will come online by the end of this decade. That creates a significant opportunity for the downstream infrastructure required to connect that supply with the countries and customers who depend on it. That is precisely what we provide. As the operator of the largest portfolio of floating regasification terminals in the world, Excelerate is well positioned to take advantage of these macro tailwinds. What sets us apart is how we create value from that portfolio. We redeploy and optimize the assets we already own to drive incremental growth, and we invest selectively where we can add stable contracted cash flow. This quarter is a good example of that discipline at work. So let's get into the updates on the progress we have made. The Excelerate Acadia, our newest floating regas terminal, is an example of how we create value from the infrastructure within our portfolio. The Acadia was delivered in April on budget and ahead of schedule. While it was originally planned for deployment to Iraq this summer, after the onset of the Middle East conflict, we moved quickly to find an interim deployment for the asset. In May, we signed a nine-month charter with Jordan's National Electric Power Company, NEPCO, to deploy the Acadia to the country's existing LNG import terminal in Aqaba. Operations began in July, and the deployment is expected to contribute approximately $20 million of EBITDA this year. We matched one of our floating regasification assets with an immediate customer need and generated meaningful earnings uplift while preserving the asset's strategic positioning for future opportunities. That is the advantage of operating a portfolio of this scale. When a market needs reliable regasification, we can respond. We are also creating incremental value over a much longer horizon. In June, we signed a seven-year charter with a subsidiary of Frontera Energy Corporation to redeploy the FSRU Express to a new LNG import terminal under development in Colombia's Caribbean coast. The agreement has an initial term of 7 years and includes multiple extension options. Following completion of its current charter and planned dry dock later this year, the Express is expected to begin service in Colombia in early '27. The new agreement is expected to increase the Express' annual EBITDA contribution by about 35% compared to its current contract. Importantly, it also adds meaningful long-term contracted EBITDA to our backlog. Let me now turn to Iraq. In October 2025, we executed a definitive agreement with a subsidiary of Iraq's Ministry of Electricity to develop the country's first LNG import terminal. It is an integrated project that includes a five-year agreement for regasification services and LNG supply. It has extension options and a minimum contracted offtake of 250 million standard cubic feet per day. Despite the ongoing conflict in the Middle East, we have continued to advance the project while adapting our execution plans as conditions evolve. We continue to monitor developments across the region closely, and safety and security considerations remain at the forefront of project planning and execution. Engineering and procurement activities are nearing completion. Site clearance and dredging activities have continued in preparation for construction, and materials required for the terminal have been staged globally and are now being mobilized based on construction priorities. Based on our current project schedule, we now expect terminal operations to commence early in the second quarter of 2027. We remain closely aligned with our counterparties on the value of this project to Iraq's energy system, and we appreciate the support of the new Iraqi government and share its commitment to advancing infrastructure that strengthens the country's long-term energy security. When the terminal comes online, it will bring reliable, large-scale gas import capacity to a country that needs it. It will do so under a take-or-pay contracted structure consistent with the rest of our portfolio. Next, let's turn to our FSRU conversion project. To position ourselves for new regasification opportunities as the LNG supply wave comes online, we are converting an LNG carrier into a floating regasification terminal to support our future earnings growth. In July, we entered into a definitive agreement to purchase our second LNG carrier, the Methane Patricia Camila, for approximately $79 million. It will serve as the dedicated vessel for our first FSRU conversion project. As you know, earlier in the process, we evaluated the Shenandoah as the potential conversion candidate, and it remains a viable option for future conversion opportunities. However, ultimately, we selected the Methane Patricia Camila for this project because its 170,000 cubic meter storage capacity, TFDE power generation, and installed reliquefaction provide a strong technical foundation for a high-capability FSRU. We believe these characteristics will enhance the performance of the asset, expand the range of opportunities it can serve, and increase the earnings potential over its operating life. We are also making good progress with the key milestones required to advance the project. Since executing the LNG carrier purchase agreement, we have ordered the regasification plant and continue to advance the shipyard scope toward definitive agreements. We continue to expect the converted FSRU to be available for commercial deployment in early 2028. By advancing the conversion today, we are positioning Excelerate to meet future customer demand at a time when available FSRU capacity is expected to remain limited. Let me close the business update with Jamaica because it is an important example of where this company is headed over time. A little over 1 year ago, we acquired our integrated LNG and power platform in Jamaica. What makes Jamaica valuable is not only the contribution it provides today, it is the combination of LNG import infrastructure, downstream customer relationships, and commercial opportunities that create multiple avenues for growth. Across Jamaica, we continue to identify opportunities to optimize the existing platform and increase utilization through additional LNG sales and expanded infrastructure services. Beyond Jamaica, we have already begun to leverage our existing infrastructure and LNG supply position to support customers on other islands and coastlines throughout the Caribbean. Today, our platform enables us to serve a broad range of customer needs through infrastructure solutions that range from truck-delivered LNG to larger integrated downstream projects. More importantly, Jamaica demonstrates how a single LNG infrastructure platform can create a scalable and repeatable model that can be expanded across the Caribbean over time. We are seeing increased momentum on the commercial front, and we look forward to providing updates on the progress we are making later this year. In summary, here are the key takeaways. Across our portfolio, we continue to create value from the assets we operate today while advancing future growth opportunities, whether it's the Acadia in Jordan, the redeployment of the Express, the integrated Iraq LNG import terminal, or our FSRU conversion. Each of these initiatives reflects the same approach to capital allocation. Together, they form a sequenced pathway to growth through 2028 with each milestone building on the earnings power, contracted cash flow, and infrastructure platform we have in place today. We have a strong foundation and the financial strength to execute our strategy. Finally, I want to recognize our employees around the world. Their commitment and hard work are behind every milestone we discuss today. With that, I'll turn the call over to Dana. Dana Armstrong: Thanks, Steven, and good morning, everyone. Excelerate delivered solid financial results in the second quarter. We reported net income of $50 million, roughly flat compared to the first quarter of 2026. Adjusted EBITDA for the second quarter was $120 million, down slightly versus the prior quarter. Adjusted EBITDA increased by 12% from the prior year second quarter, primarily due to a full quarter contribution from the Jamaica platform. For the second quarter, maintenance CapEx spend was $14 million, and committed growth capital spend was $241 million, inclusive of the final payment for the Acadia, which was paid in April. Behind these results is a strong balance sheet that supports near-term execution and our growth objectives. As of June 30, 2026, total debt, including finance leases, was $1.2 billion. We ended the quarter with $342 million of cash and cash equivalents, and the full $500 million of capacity under our revolving credit facility was available. Net debt was $898 million, and trailing net leverage was 1.9x. With leverage well below our target range and substantial available liquidity, we have plenty of financial capacity to fund our growth pipeline while continuing to return capital to shareholders. Our capital allocation framework remains disciplined. First, we invest in accretive growth opportunities across our infrastructure platform. Second, we return capital to shareholders through a growing dividend. Finally, when market conditions warrant, we pursue opportunistic share repurchases. Consistent with that framework, our Board recently approved a quarterly cash dividend of $0.09 per share of Class A common stock, representing roughly a 13% increase over the prior quarter. This increase is consistent with our previously announced target of a low double-digit annual dividend growth rate through 2028 and reflects our confidence in the company's ability to fund growth while returning capital to shareholders. The dividend is payable on September 3, 2026, to Class A common stockholders of record as of the close of business on August 19, 2026. We also continue to execute on our share repurchase program. During the second quarter, we repurchased roughly 693,000 Class A shares for approximately $24 million at a weighted average price of $33.93 per share. With that framework in mind, let me turn to our updated financial outlook for the remainder of the year. Based on our results and clear visibility into the second half of the year, we are adjusting our full year 2026 guidance. We are raising and narrowing our full year 2026 adjusted EBITDA guidance. For the full year, adjusted EBITDA is now expected to range between $490 million and $515 million. This increase reflects the strength of our contracted base business, ongoing asset optimization, and strong operational execution. Additionally, we have raised and narrowed our committed growth capital guidance to a range of $380 million to $400 million. The increase in committed growth capital was driven primarily by certain Iraq-related project costs being pulled forward to 2026 from 2027. The total estimated cost and return profile of the Iraq project remains in line with the previously communicated range. The updated committed growth capital range also reflects continued execution of our first FSRU conversion projects, including certain payments related to the recently ordered regasification plant and other long-lead equipment. In addition, the range includes a 10% down payment associated with the acquisition of the Methane Patricia Camila, which is due in the third quarter of 2026. We are lowering our full year maintenance CapEx guidance to a range of $85 million to $95 million. This reflects the expected deferral of the FSRU Exquisite dry dock into 2027. We are pleased with our performance for the first half of the year and remain focused on executing against our priorities for the remainder of 2026. With that, we'll open up the call for Q&A. Operator: [Operator Instructions] Your first question comes from Theresa Chen with Barclays. Theresa Chen: I wanted to go back to Steven's earlier comments about the strength of global LNG trade and regasification in particular. With the Express' strong recontracting results, how should we think about the read-throughs to the rest of your portfolio? Does this outcome change your expectations around pricing, contract duration, or the renewal terms upcoming? And what are you seeing in customer demand trends today? Steven Kobos: Theresa, thanks very much. Good to have you on the call and look forward to seeing you at Barclays in September. Great question. It should come as no surprise that we are bullish on the asset class. We have been bullish on the asset class. We remain bullish on the asset class. It is going to be -- remain tight through the foreseeable future. I think this is the fifth asset in the existing fleet that we have recontracted on more favorable terms over the past 4.5 years. So we look for that to continue, frankly, to continue into the 2030s, the tightness in the market. The coming wave is just going to need homes, and there are insufficient number of homes. So that's our bullishness or expectation in general. What else was buried in your question, Theresa? Since I said you only got 2 questions, I want to stretch it out for you. Theresa Chen: No worries. The general sentiment, we completely understand, and we'll wait to see what you get on pricing, contract duration, and the like for the rest of your fleet as you recontract the assets. Maybe looking at near as well as medium-term EBITDA, I want to delve into your outlook a little bit more. With your newly increased guidance, can you walk us through the assumptions embedded in the outlook today? What factors could push results towards the high or low end? And then looking beyond 2026, taking into account the currently fluid situation in the Middle East, what gives you confidence in starting the Iraq terminal operations in the second quarter of next year? Dana Armstrong: Theresa, it's Dana. I'll take the first part of that question. So in terms of the guidance, I mean, obviously, our base business is relatively predictable, as you know, just looking at the range and what could drive us up or down. I mean, there's a few things. The biggest, I guess, variable item is the Atlantic Basin deal. So as you know, we deliver 2 cargoes per year. And the last couple of years, we've done a partial cargo in the fourth quarter, which spread into the first quarter of the following year. So that's our baseline assumption. But that could change depending on many items, the weather being 1 of them. So if that pulls up into Q4, that could drive closer to the higher end of range. However, it pushes back into the first quarter of next year, that could drive us to the lower end of the range, but we're highly confident that we'll be within that range regardless of what happens there. And then the other factor is just cost. We always have some level of variability in our costs. So from a vessel OpEx and a business development perspective, if we shift priorities or activities change, that could create some variability, but really usually not very material. So again, we feel very confident we'll be in that range. But it's just the standard seasonality of things that we see going -- swinging one way or the other. Steven Kobos: Theresa, I want to get back to your first question just because we do see upward pressure continuing on day rates. The reality is we're out there looking and hunting for integrated projects that are going to provide an even better return. So I don't, by my comments, want to lead anyone to think we're just looking for a standard TCP. And beyond that, you're also looking for near-term growth. If we weren't clear on the call, Iraq is starting up in Q2. David Liner: And Theresa, maybe I can add a little bit to that, too. You were asking about what gives us confidence that we can come online in second quarter. I'd say this project is coming online. The fundamentals of the project are even more compelling now than they were prior to the conflict. And we've used this time in second quarter to make sure we understood exactly what the security situation is on the ground before we start up in earnest again. We've had people on the ground the entire time. So we've had people in Iraq continuously since the end of last year. We have great relationships with the local government, with U.S. government, with security forces in the region. And that all gives us good comfort that we can restart in earnest and get online in the second quarter of next year. So we're confident we're going to deliver, and you're going to see a lot more movement here as we get into third quarter, and we're really going out full speed. Operator: Your next question comes from the line of Olivia Foster with Goldman Sachs. Olivia Halferty: I wanted to ask about the FSRU conversion candidate acquisition. First, can you walk us through how commercial conversations for the conversion candidate are progressing? Remind us what total conversion CapEx could be and project milestones to watch for an early 2028 in-service? And finally, could you walk us through the rationale for buying the new donor vessel and maybe the technical specs that make this asset more attractive for the 2028 early in-service versus the existing Shenandoah LNG carrier? Steven Kobos: Olivia, thank you for being here, and we really want to welcome Goldman Sachs to our analyst coverage universe. It's a pleasure to have you on board, and we look forward to many future conversations. David is chomping at the bit to answer this, but I'm going to take the last part of it because it goes back to the point I was making with Theresa. We are always going to be opportunistic. We have an opportunity on this vessel, and we think it's fantastic. And we think it's quite simply among the best conversion candidates in the world. It already has reliquefaction on it. That means it's going to have great boil-off gas management. It's got 170,000 cubic meter storage area. We like that. And we also like that it already has the TFDE power generation on board, simplifies things, reduces execution risk on the conversion, et cetera. If you start looking at those characteristics together, you're going to figure out it's a far better candidate for an integrated deal where we will be selling molecules through it. I mean, it's ideal for that. And that is something that we are seeking to prioritize as we move forward. So we have the opportunity. It was -- we like the price, we like the vessel, and we like what we can do with it. So I'm giving you a little bit of a heads-up as to what our preferred intended use for that asset will be. But I'm poaching on David's curb because he probably wants to geek out on the capabilities and the rest of your questions. David Liner: Yes. I could geek out for a while on the Pat-Cam. We're just thrilled the commercial team was able to secure that asset for us. As Steven said, in terms of size, it's going to be just really an efficient terminal to operate because with 170,000 cubic meters, that's the standard parcel in the industry. That means you can get vessels in, discharge full cargo, and get out quickly. So it's efficient. Steven talked about the fuel-efficient TFDE propulsion system, which we're going to use for power generation. It's got basically as fuel efficient of a power generation plant as you can get for an FSRU. And then Steven talked about boil-off rate. She'll be the most efficient conversion in the industry in terms of boil-off rate when she goes into service. So that's why we're so excited about this pivot over to the Pat-Cam. One other thing I'll say is just the pedigree of that vessel. So she's had charters, owners, and operators that are just world-class. And so we know it's going to be a good asset, and it's been maintained in a good condition. We've also put boots on the ground ourselves to confirm that's the case as well as numerous third-party inspections that gives us comfort that we're going to have a great asset when she comes to us. One of the -- you also asked about milestones. We take control of that asset in January of next year. We're working towards definitive agreement with the Seatrium shipyard. So be on the lookout for that. We've already secured all of the regas equipment for that conversion or we've ordered it all. So that's going to be on the way too. So there's a number of milestones that are coming down the way. You also asked about CapEx. We've previously communicated around $200 million. With our pivot to the Pat-Cam, that's going to be -- that's on the low side. It's actually going to increase from that. But because of the capabilities that she's going to have and why she's such an ideal candidate for an integrated project, we're -- we expect the same level of returns as we've previously communicated. Olivia Halferty: That is clear. I appreciate all the detail. For my follow-up, I wanted to ask a follow-up based on your comments, Steven, to Theresa's first question really about the commercial preferences you are seeing from customers regarding integrated terminal offerings versus stand-alone FSRU charters. As you work through commercial discussions with customers, how would you describe demand for the full-service terminal plus maybe LNG supply and last mile solutions versus stand-alone FSRU charters? And then from a contractual standpoint, can you remind us how the margin profile and even your stickiness with customers varies on integrated terminals versus vessel-only charters? Steven Kobos: Olivia, I will say we want to own and be as involved as possible throughout in terms of stickiness. We want to be embedded within a deal. In terms of the preference, it's just going to be horses for courses, different places depending upon their background, what the rest of their portfolio looks like, if it's their first foray into LNG, it's all going to vary. I think what you are hearing though is, from our standpoint, it's going to be a tight market for the foreseeable future. You're having this LNG wave come online. We're not concerned about deploying any of these assets. We want to be as picky as we need to be on where we deploy them. So -- and there'll be times like we're not going to be hidebound to 1 form or another. If there's a great opportunity and we like the offtaker on our more traditional just capital leasing model, we'll do that. We're not going to turn it down, but we're not going to chase every one of those nor have we ever chased every one of those. We have always been picky. We've always cared about the market fundamentals in a particular market. But what you can -- what you should be defining from this as we are starting to move to that integration -- we think that's going to be required to succeed moving forward. We think that's the future of regas, and we want to be somewhat picky and make sure that we are using our precious assets to pursue what we view as the future of regas. Dana Armstrong: And Olivia, to answer your question about the returns, we've said previously and it holds is that the more we can integrate, the higher the returns will be. So we generally guide to unlevered after-tax returns of the low double digits to the mid-teens and TCPs being closer to that lower end, more integrated projects closer to the mid-teens or sometimes higher. So the level of integration obviously drives higher returns. Operator: Your next question comes from the line of Elias Jossen with JPMorgan. Elias Jossen: It's been over 1 year now since you've closed on the Jamaica platform. I know the team is highly integrated with the local government and looking to provide durable energy infrastructure solutions there. Can you just talk a little bit about sort of the learnings that you've had from owning that platform and when we may start to see those chunkier growth opportunities start to materialize this decade? And just remind us what the cadence looks like for putting those new assets in service? Steven Kobos: Eli, I'm going to hand that over to Oliver because I know he wants to brag on it. But if it's not clear, we're already making deliveries to other islands and other Caribbean coastal areas. We haven't talked about them because we don't want to talk about individual things that aren't sufficiently material, but we are advancing. So we're pretty excited about the Caribbean. Oliver? Oliver Simpson: Yes. Thanks, Eli. Yes. So obviously, as you say, it's been about 1 year. I think the integration has gone extremely well. The full team, the full assets are fully integrated, and we're sort of at full running cycle now on those assets. I think what we've seen and sort of as we look at it, I'd say there's 3 things I'd point out. One, as Steven has pointed out, we've been making small incremental sales on the spot just optimizing the assets that are there. And in fact, in this last quarter, we made our first sales with the final destination outside of Jamaica. So using the Jamaica assets to reach some of those other Caribbean islands. Obviously, the key part now is to turn those into longer-term discussions and longer-term contracts. I think as part of that, we announced the Colombia TCP this quarter. It's a TCP, but I think it's also pointing to Steven's previous answer about being picky about our customers and where we place our assets, that's a perfect proof point of that. Putting an asset in Colombia on the Caribbean coast for us, it's an extension of our Caribbean portfolio, and we believe we'll be able to use that asset to further leverage our position across the Caribbean. So it's going to give us another asset in proximity to Jamaica and proximity to the Caribbean that we can look at using to reach new customers. In terms of the longer-term deals that we're looking at, I'd say -- what I would say is there's a number of active discussions going on. I'm sort of really pleased at how those discussions are going. I think there will be -- when we can tell you, we'll come out, but I fully expect that through the course of this year, we'll be looking to provide more news on that. And then finally, on the sort of overall picture, I mean, we provided the guidance last year. I think we gave the overall CapEx range -- sorry, the overall EBITDA range with CapEx on our Caribbean outlook. I think that holds. I think we haven't provided any specific cadence on the timing of that, but we still feel that's a range that we're comfortable standing behind and working towards. Elias Jossen: Understood. And then I know that you guys have probably had a lot of conversations regarding LNG supply from the Middle East. Maybe specifically from Qatar, what kind of conversations are you having with them? What kind of updates should we expect as we head into year-end? And then maybe just separately, if we just think about kind of the Express through the straight import moves and just broadly how that kind of fit into the dry dock before the charter in Colombia, just, I guess, broader kind of what you're seeing on the ground in the Middle East. Steven Kobos: Sure. I'll take that one, Eli. Obviously, we have a lot of focus in that region as we do all over the globe. We've spent a lot of time on it. In terms of -- I'll take -- we've already spoken about our supply deal into Bangladesh and the impacts of that, which are within the guidance that we've provided today. So no new update there. What we will -- what I would probably point out though that I don't think many people in the U.S. taking a 20,000-foot view realize this whole conflict has underscored the need for the Iraqi terminal. In Kuwait, Excelerate opened Kuwait up to LNG nearly 20 years ago. And all through this year, their cargoes into the Kuwait LNG terminal from 2025 are only down 15%. And there have been -- 39 of the 40 cargoes that have been delivered have been from Qatar. So I think some people are surprised to know that intra-basin deliveries of LNG are proceeding. And frankly, I think there's an intense interest for new terminals like Iraq who will logically be a great destination for further intra-basin deliveries. If that -- we've gotten the green light to build out 2 years ago, I'm comfortable it would have remained up and running all this year just as the Kuwaiti terminal has. So just a little inside baseball there. You shouldn't be thinking about solely about cargoes going out. You should think also about what's the most intra-basin delivery. Express, look, we've got some assets within the Gulf. We've got plenty of assets outside the Gulf. Express is the plan A. We are planning for plan A. But I think you will have realized by now with our pivot with Jordan with the Acadia, we always have a plan B. Actually, we usually have a plan B and C. So we're focused on plan A. That's Express to Colombia. But don't worry, we're going to execute Colombia. And if we have to pivot to a plan B or C, we will. Operator: Your next question comes from the line of Bobby Brooks with Northland Capital Markets. Robert Brooks: I wanted to follow up a little on Jeremy's question. It was touched -- Oliver touched on it a bit, but just wanted to hear a bit more on how the Express being redeployed in Colombia, like how might that look in playing a role for your broader plans for growth in the Caribbean? Oliver Simpson: Bobby, let me try and give a little more color on that. So as I said, obviously, that is a [indiscernible] TCP in Colombia. But I think through that and through our discussions with our new partners there, Frontera, we believe there will be opportunities to use that asset in conjunction with our broader assets in the Caribbean. We've talked about Jamaica being a tank farm from which we can reach other places in the Caribbean. I think it's -- you can kind of apply the same logic there. So obviously, the location of the asset is close to 1 of the largest ports in Colombia and in the broader Caribbean. So again, a lot of traffic and a lot of opportunities to take from there. So those are all details that we're figuring out. I mean, we're fully focused on getting that terminal up and running, getting the asset there. That's the clear focus. But it's also a long-term charter, long-term relationship. And as we've seen elsewhere in the past, we always want to try and -- we pick our customers and our projects wisely. We want to use those as a stepping stone to then go and try and leverage off that and do more. Robert Brooks: Got it. Very helpful. And then I think I've got a good grasp on the benefits and cost differences between an FSRU conversion and a new build and how the end projects they serve would be different. But what I wanted to ask on is what might be the signals you'd want to see, whether internal or external that would push you back to getting in the queue of a shipbuilder for a new build? Steven Kobos: Bobby, man, I'm always wanting to drive by the new car dealership and take a look at what's on the lot. And you're probably getting the point that the Acadia is a beast. I mean, just love that ship, love everything about it. What I can tell you is we're always going to be looking. Now you've heard us all geek out about the Patricia Camila. That's going to be a fantastic ship, love the timing, love the whole package. But as we move forward into the 2030s, there will definitely continue to be a place for these best-in-class assets. So we're not on the verge of pulling a trigger anytime soon. If any of the shipyards are listening, they need to sweeten up things before we do that. But we very definitely -- I expect that we will be back with a new build at some point. Operator: Your next question comes from the line of Michael Scialla with Stephens. Michael Scialla: I wanted to see if you could give us a sense of the EBITDA uplift you anticipate in 2028 from the conversion. Dana Armstrong: Mike, we've guided before that we generally use a CapEx EBITDA multiple. And so if you just take the CapEx and apply that multiple, we generally say 5x to 7x, right? So Iraq is around 5x. That's an integrated project. That would be an ideal situation to have something like that, but it could potentially be a TCP. So it's going to be most likely somewhere in that 5x to 7x range. Michael Scialla: Yes. Appreciate it. And with all the growth materializing here, I want to see what your latest thoughts were on potentially securing more supply agreements? Steven Kobos: We will. I mean, we very definitely will, Mike. But I can tell you there's strong interest in wanting to fill the positions we already have. We're being very deliberate about it, and we'll bring you color on that as soon as we can. Oliver Simpson: I think what I would add on that, Mike, is also, as we've talked about the overall commodity risk for us, it's about matching the supply to what our customers need. So there's lining up those conversations in parallel with what we see in the downstream projects. So they are parallel discussions, but they're certainly happening, and it's certainly on our radar as we talk to the conversion or other projects that we see as integrated, we will need to bring in more supply to support those efforts. Operator: Your next question comes from the line of Christopher Robertson with Deutsche Bank. Christopher Robertson: Maybe just a question here just on the Middle East instability. So I have to imagine both exporters of LNG and importers right now care a lot about pricing and price volatility as well as security of supply and supply chain resiliency and all these types of factors. So I mean, given the state of the world today, have your conversations with any potential customers changed at all in terms of how these potential integrated opportunities will look? Will they include maybe more robust storage capacity designs or any changes to the design in any way so that people can have greater inventories or anything like that? So I just wanted to get a sense of how topics were trending. Steven Kobos: It's fascinating, Chris. I was on the USS Nimitz in Kingston a couple of months ago when she was making one of her last port calls in her 50-year career. And it was a nice port call because the entire Jamaican government was on board. And I was quite simply bragging and reminding them that their nat gas prices have been stable over the course of 2026 because they have reliable long-term Henry Hub index pricing from Excelerate. And wasn't that a good thing to have that degree of financial security? It is. I do think the lesson from this is just be careful about how you source, how you contract, and we can provide whatever product a customer wants to give them the physical and the economic security. And again, that's why we're never trying to kill it on the molecule. We want to be boring. We want to be perhaps the most boring company that touches nat gas in your universe because we want to buy on the same index, sell on the same index. As Oliver says, we want to match it up. So I actually think that any time people are looking at spikes, they realize they need to give a little bit more thought to how they're sourcing it. And I think -- I don't think, I know that people are more receptive and more interested in the integrated product that we want to offer them because we do want to offer it on that boring infra type profile, and we are seeing more interest in that. Christopher Robertson: A bit of a left field type question here, but the company has always been very much part of the LNG value chain here. Are there any other American petroleum gases that are stripped out of the nat gas stream that are interesting from a potential infrastructure perspective that you guys could maybe move into at a smaller scale at some point? Or is the plan just to stick kind of in that LNG value chain? Steven Kobos: Yes. For now, Chris, we are -- there's just such an enormous TAM in the downstream portion of the LNG value chain that I think we're better off focusing on that. I mean, obviously, we'll be building last mile delivery systems that once you have that, I suppose you could ultimately be trucking or delivering other types of product. But for now, we're laser-focused on LNG downstream infra, regas. I've said before publicly like we're entering the era of regas and LNG, and that is our obsession. Operator: Your next question comes from the line of Wade Suki with Capital One. [Operator Instructions] Wade Suki: You think I know the routine by now, but clearly, I don't. Just wondering if you could maybe -- I always love to hear your views on the commercial environment out there. You kind of touched on a few items. But I'm just kind of curious, there's some pretty well-publicized stories about another FSRU possible in Bangladesh. I think in Colombia, they've been talking about, I want to say, 5 or so different possible import facilities. So I'm just kind of curious if maybe you could kind of speak to some of these other opportunities, ability to get bigger in some of your existing locations? And any other hints on other regions, India, Vietnam, anything, any color around those developments would be great. Steven Kobos: Wade, I'm going to hand that to Oliver. I will note that you put 10 questions into your question now. Oliver Simpson: So yes, look, I think I'm not -- I don't want to sort of respond specifically to other projects for other companies. I don't think that's the right place for me to do that. But I think what I'd say is I mean, addressing our project in Colombia, obviously, we have a firm contract there. We have a timeline. We have a clear line of sight to that project, and we're very confident in our ability to deliver on that. So I think that's where our focus is. Again, I'd go back to the comments about picking up projects. We are quite deliberate about where, who, and how. And I think that translates into that. So looking more broadly, I mean, you'll have seen we've talked today about the conversion candidate coming online in 2028 or the conversion project no longer just a candidate. That's driven by our view that the supply of FSRUs on both sides on the supply side of FSRUs -- we just don't see that there's many FSRUs coming online in that timeline. And we see -- on the demand side, we see robust demand from projects across them that would fit for that asset. So now I think we're having multiple discussions for that asset, and it's a case of, okay, what's the right fit. And as Steven alluded to, obviously, there's a preference for finding the right integrated project that, that could go into. So I mean, I think for me, that's all to say that we continue to see robust demand for these. We've got extreme confidence in our operating capabilities and our track record. And I think you've seen that through the people who have chosen to work with us that they value that. We talk about overall energy security. But at the end of the day, on these projects, deliverability is the critical point because you can go in different directions, but I think there's a value to having people who've got the experience and have delivered on these. So yes, we're extremely confident on that pipeline. And I think progressing on that conversion is a reflection of that. Wade Suki: Appreciate that, Oliver. I guess maybe just to dovetail on that question, maybe just kind of came to mind as you were talking. Is there an opportunity out here inorganically to pick up an FSRU? Or is that a little bit more challenging from a returns perspective? Are you better off doing conversions, new builds, whatnot? Steven Kobos: Wade, you can give anyone Oliver's mobile phone number if you've got someone who wants to unload one, feel free. I mean, we can deploy as many as we can lay our hands on. Oliver Simpson: Yes. I'd add to that, I think it's again, over the different transactions you've seen over the last couple of years, we've shown our sort of commercial flexibility. We're nimble. It's about finding the right project that's ultimately accretive for us and the right fit for us. So if there is something like that, we'd happily look at it. I think we also see that the path that we have on the conversion makes a lot of sense. And as Steven alluded to, too, we can keep looking at new builds, too. So we're not sort of technology -- we'll look at the different technologies. They each have different values, but we'll look through them. And I think it's the same thing on the sort of commercial assets and what they have, we're happy to look at different solutions. Operator: We have reached the end of the Q&A session. I will now turn the call back over to Steven Kobos for closing remarks. Steven Kobos: Thank you all for joining us this morning. It should be clear, I've never been more proud of this company, of our employees around the globe that are delivering all these milestones that we've been talking about as well as this executive team around this table. Top to bottom, we are doing great things all around the world, and thank you for taking an interest in those efforts. Operator: This concludes today's call. Thank you for attending. You may now disconnect. Before you buy stock in Excelerate Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Excelerate Energy wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $403,337!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,946!* That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 12, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Excelerate Energy. The Motley Fool has a disclosure policy. Excelerate Energy (EE) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in Excelerate Energy, Inc.? Here are five stocks we like better. Excelerate Energy raised its 2026 outlook, reporting $50 million in second-quarter net income and $120 million in adjusted EBITDA. Full-year adjusted EBITDA guidance increased to $490 million–$515 million. The company advanced several LNG infrastructure projects: the Excelerate Acadia began operations in Jordan, the FSR Express is scheduled for Colombia in early 2027, and the Iraq terminal is now expected to start operations in the second quarter of 2027. Excelerate is moving forward with its first FSRU conversion after agreeing to purchase the Methane Patricia Camila for about $79 million. The company also raised growth-capital guidance, increased its quarterly dividend by roughly 13% to $0.09 per share, and repurchased approximately 693,000 shares. Mid-Cap Marvels: 3 Stocks That Crushed Sales Estimates in May Excelerate Energy (NYSE:EE) reported second-quarter 2026 net income of $50 million and adjusted EBITDA of $120 million, as the company advanced LNG infrastructure projects in Jordan, Colombia, Iraq and the Caribbean. Adjusted EBITDA was roughly modestly lower than the first quarter but increased 12% from the year-earlier period, primarily reflecting a full-quarter contribution from the company’s Jamaica platform, Chief Financial Officer Dana Armstrong said. The company raised and narrowed its full-year adjusted EBITDA outlook to $490 million to $515 million. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth President and CEO Steven Kobos said the company sees a favorable long-term market backdrop as new global LNG supply comes online and requires downstream infrastructure to reach importing markets. Excelerate operates floating storage and regasification units, or FSRUs, and is pursuing both vessel charter opportunities and more integrated projects involving LNG supply and downstream infrastructure. Excelerate’s newest floating regasification terminal, the Excelerate Acadia, was delivered in April ahead of schedule and on budget, Kobos said. The vessel had originally been intended for deployment in Iraq during the summer, but the company arranged an interim assignment after the onset of conflict in the Middle East. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling In May, Excelerate signed a nine-month charter with Jordan’s National Electric Power Company to deploy the Acadia at the existing LNG import terminal in Aqaba. Operations started in July, and the charter is expected to contribute about $20 million of EBITDA in 2026, according to Kobos. The company also signed a long-term agreement in June with a subsidiary of Frontera Energy Corp. to redeploy the FSR Express to an LNG import terminal being developed on Colombia’s Caribbean coast. The agreement carries an initial seven-year term and multiple extension options. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High After its current charter and a planned dry dock later in 2026, the Express is expected to begin Colombian operations in early 2027. Kobos said the new contract is expected to raise the vessel’s annual EBITDA contribution by about 35% compared with its current contract. Excelerate continues to develop Iraq’s first LNG import terminal under an agreement executed in October 2025 with a subsidiary of the country’s Ministry of Electricity. The project includes a five-year agreement for regasification services and LNG supply, extension options, and minimum contracted offtake of 250 million standard cubic feet per day. The company said it has continued engineering, procurement, site clearance and dredging work while adapting project plans to regional conditions. Materials for the terminal have been staged globally and are being mobilized according to construction priorities. Excelerate now expects terminal operations to begin early in the second quarter of 2027. Chief Operating Officer David Liner said the company has maintained personnel in Iraq since late 2025 and remains in contact with local and U.S. government officials and regional security forces. “The fundamentals of the project are even more compelling now than they were prior to the conflict,” Liner said during the call. In July, Excelerate entered an agreement to buy the Methane Patricia Camila LNG carrier for approximately $79 million. The vessel will serve as the dedicated asset for the company’s first FSRU conversion project and is expected to be available for commercial deployment in early 2028. Kobos said the company selected the vessel over the Shenandoah LNG carrier because of its 170,000-cubic-meter storage capacity, tri-fuel diesel electric power generation and installed reliquefaction equipment. The characteristics are expected to support higher-capability operations and expand the types of projects the converted vessel can serve. Liner said the company has ordered the regasification equipment and is pursuing definitive agreements with Seatrium Shipyard. Excelerate expects to take control of the vessel in January 2027. Armstrong said the conversion project’s capital cost will be above the previously communicated approximate $200 million level due to the capabilities of the Methane Patricia Camila. However, the company still expects returns in the previously discussed range. Excelerate generally targets unlevered after-tax returns in the low double digits to mid-teens, with more integrated projects typically offering higher returns than traditional vessel charters. Second-quarter maintenance capital expenditures totaled $14 million, while committed growth capital spending was $241 million, including the final Acadia payment made in April. At June 30, total debt, including finance leases, stood at $1.2 billion. Excelerate held $342 million of cash and cash equivalents and had the full $500 million available under its revolving credit facility. Net debt was $898 million, and trailing net leverage was 1.9 times. Full-year 2026 adjusted EBITDA guidance was raised to $490 million to $515 million. Committed growth capital guidance was raised to $380 million to $400 million, partly reflecting Iraq project costs pulled into 2026 and conversion-project equipment payments. Maintenance capital expenditure guidance was reduced to $85 million to $95 million following the expected deferral of the FSRU Exquisite dry dock into 2027. The board approved a quarterly Class A common-stock dividend of $0.09 per share, up about 13% from the prior quarter. The dividend is payable Sept. 3 to shareholders of record as of Aug. 19. During the quarter, the company repurchased about 693,000 Class A shares for approximately $24 million, at a weighted average price of $33.93 per share. Management also pointed to continued commercial activity surrounding the Jamaica platform, including LNG deliveries beyond Jamaica to other Caribbean destinations. Chief Commercial Officer Oliver Simpson said the company expects to provide additional updates on longer-term Caribbean opportunities during 2026. Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy's integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction. Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Excelerate Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Excelerate Energy (EE) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.71%. A quarter ago, it was expected that this provider of floating liquified natural gas terminals would post earnings of $0.39 per share when it actually produced earnings of $0.37, delivering a surprise of -5.13%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Excelerate Energy, which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $329.27 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $204.56 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Excelerate Energy shares have added about 39.8% since the beginning of the year versus the S&P 500's gain of 13%. While Excelerate Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Excelerate Energy was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $356.35 million in revenues for the coming quarter and $1.52 on $1.47 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Oils-Energy sector, Pedevco Corp. (PED), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This company is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of +190%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Pedevco Corp.'s revenues are expected to be $38 million, up 445.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Excelerate Energy, Inc. (EE) : Free Stock Analysis Report Pedevco Corp. (PED) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted EBITDA of $120 million in Q2 2026, up 12% year-over-year, driven by a full quarter contribution from the Jamaica platform. Raised and narrowed full-year 2026 adjusted EBITDA guidance to $490-$515 million, reflecting strong contracted base business and asset optimization. Signed a nine-month charter with Jordan's NEPCO for the Acadia FSRU, contributing approximately $20 million of EBITDA in 2026. Secured a seven-year charter with Frontera Energy for the Express FSRU in Colombia, expected to increase its annual EBITDA contribution by about 35%. Strong balance sheet with $342 million cash, $500 million revolver capacity, and net leverage of 1.9x, providing ample liquidity for growth. Increased quarterly dividend by 13% to $0.09 per share, consistent with a low double-digit annual growth target through 2028. Progressing on Iraq LNG import terminal, with operations expected to commence in Q2 2027, under a take-or-pay contracted structure. Acquired the Methane Patricia Camilla LNG carrier for $79 million, a high-specification vessel ideal for FSRU conversion, enhancing future growth potential. Expanding Caribbean platform with first LNG sales to other islands, leveraging Jamaica as a hub for regional growth. Strong recontracting environment, with the Express deal marking the fifth asset recontracted on more favorable terms in 4.5 years. Adjusted EBITDA in Q2 2026 was down slightly versus the prior quarter, indicating some sequential softening. Committed growth capital guidance raised to $380-$400 million, driven by Iraq-related costs pulled forward and FSRU conversion payments, increasing near-term cash outflows. Ongoing Middle East conflict poses risks to Iraq project execution, though the company remains confident in its Q2 2027 timeline. FSRU conversion project CapEx is expected to be higher than the previously communicated $200 million, potentially impacting returns. Maintenance CapEx guidance lowered to $85-$95 million due to deferral of the Express drydock into 2027, which could create operational risks. The Atlantic Basin deal's timing remains a variable, with potential to push results to the lower end of guidance if cargoes slip into Q1 2027. The company's pivot to integrated projects may limit opportunities for traditional FSRU charters, potentially reducing flexibility in a tight market. The Iraq project's start-up is subject to security conditions, and any escalation could delay operations beyond Q2 2027. The company's focus on being 'boring' and matching supply to demand may limit upside from commodity price movements. The Express's redeployment to Colombia is contingent on completing its current charter and drydock, with any delays impacting the 2027 start. Warning! GuruFocus has detected 7 Warning Signs with EE. Is EE fairly valued? Test your thesis with our free DCF calculator. Q: With the Express's strong recontracting results, how should we think about the read-throughs to the rest of your portfolio? Does this outcome change your expectations around pricing, contract duration, or renewal terms? A: Steven Kobos, President and CEO, stated that the company remains bullish on the asset class, noting it will remain tight through the foreseeable future. He highlighted that this is the fifth asset in the existing fleet recontracted on more favorable terms over the past 4.5 years, and expects this trend to continue into the 2030s as the coming LNG supply wave will need homes, but there are insufficient numbers of them. Q: Can you walk us through the assumptions embedded in the newly increased guidance, what factors could push results towards the high or low end, and what gives you confidence in starting Iraq terminal operations in Q2 2027 given the Middle East situation? A: Dana Armstrong, CFO, explained that the base business is predictable, with the biggest variable being the Atlantic Basin deal and cargo delivery timing, which could swing results within the range. David Liner, COO, added that the Iraq project fundamentals are even more compelling now than before the conflict, with personnel on the ground continuously, strong relationships with local governments and security forces, giving confidence to restart in earnest and come online in Q2 2027. Q: Can you walk us through the rationale for buying the new donor vessel (Methane Patricia Camilla) for the FSRU conversion, and what makes this asset more attractive than the existing Shenandoah LNG carrier? A: Steven Kobos, President and CEO, described the vessel as among the best conversion candidates in the world, citing its 170,000 cubic meter storage capacity, TFDE power generation, and installed re-liquefaction, which reduces execution risk and makes it ideal for integrated deals. David Liner, COO, added that the vessel's size allows for efficient operations with standard parcels, and its pedigree of world-class owners and operators, confirmed by on-the-ground inspections, provides comfort in the asset's condition. Q: How would you describe demand for full-service terminal plus LNG supply and last-mile solutions versus standalone FSRU charters, and how does the margin profile vary between them? A: Steven Kobos, President and CEO, stated the company wants to be as involved as possible and embedded within deals, noting that while they won't turn down great traditional charter opportunities, they are moving toward integration as the future of regas. Dana Armstrong, CFO, clarified that more integrated projects drive higher returns, with unlevered after-tax returns ranging from low double-digits to mid-teens, where TCPs are closer to the lower end and integrated projects closer to mid-teens or higher. Q: It's been over a year since closing on the Jamaica platform. Can you talk about the learnings from owning that platform and when we may start to see chunkier growth opportunities materialize? A: Oliver Simpson, Chief Commercial Officer, noted the integration has gone extremely well, with the company making its first sales with final destinations outside Jamaica this quarter. He highlighted the Colombia TCP as an extension of the Caribbean portfolio, and stated there are a number of active discussions ongoing, with expectations to provide more news through the course of the year, while maintaining the previously provided EBITDA and CapEx range for the Caribbean outlook. Q: What kind of conversations are you having regarding LNG supply from the Middle East, specifically Qatar, and how does the Express fit into the dry dock before the charter in Colombia? A: Steven Kobos, President and CEO, noted the conflict has underscored the need for the Iraqi terminal, citing that Kuwait's LNG terminal cargoes were only down 15% in 2025 with 39 of 40 cargoes delivered from Qatar, showing intra-basin deliveries are proceeding. Regarding the Express, he confirmed it remains Plan A for Colombia, but the company always has Plan B and C options ready if needed, demonstrating their flexibility in execution. Q: How might the Express being redeployed in Colombia play a role in your broader plans for growth in the Caribbean? A: Oliver Simpson, Chief Commercial Officer, explained that the Colombia asset, located near one of the largest ports in Colombia and the broader Caribbean, can be used in conjunction with the Jamaica platform to reach new customers. He emphasized that while the focus is on getting the terminal up and running, the long-term charter and relationship with Frontera provides a stepping stone to leverage the asset for further growth across the Caribbean. Q: What signals would push you back to getting in the queue of a shipbuilder for a new build FSRU? A: Steven Kobos, President and CEO, acknowledged the company is always looking at new assets, praising the Acadia as a "beast" and expressing love for the Patricia Camilla. He stated that while they are not on the verge of pulling the trigger on a new build anytime soon, he fully expects the company to return to new builds at some point in the 2030s, noting shipyards would need to sweeten their offers first. Q: Can you give us a sense of the EBITDA uplift you anticipate in 2028 from the FSRU conversion? A: Dana Armstrong, CFO, guided that the company generally uses a CapEx to EBITDA multiple of five to seven times. She noted that Iraq is around five times as an integrated project, and the conversion could potentially be a TCP, so it will most likely fall somewhere in that five to seven times range depending on the final project structure. Q: Given the state of the world today, have your conversations with potential customers changed in terms of how integrated opportunities will look, including more robust storage capacity designs? A: Steven Kobos, President and CEO, shared an anecdote about being on the USS Nimitz in Kingston, bragging to the Jamaican government about their stable natural gas prices due to reliable long-term Henry Hub index pricing. He emphasized that the lesson from current events is to be careful about sourcing and contracting, and that the company wants to be "boring" by buying and selling on the same index, which has made customers more receptive to the integrated product they offer. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed strong performance to the scale of their global portfolio, which allows for rapid redeployment of assets to meet immediate market needs, such as the nine-month interim charter of the Excelerate Acadia to Jordan. The company is shifting its strategic focus toward integrated downstream projects that combine infrastructure with LNG supply, aiming for higher returns and greater customer 'stickiness' compared to traditional vessel-only charters. The acquisition of the Methane Patricia Camila for FSRU conversion was driven by its superior technical specifications, including 170,000 cubic meters of storage and installed reliquefaction, which reduces execution risk and enhances earnings potential. Management emphasized that the upcoming wave of global LNG supply creates a structural need for downstream regasification infrastructure, positioning Excelerate to capture value as a critical link in the energy value chain. The Jamaica platform is being utilized as a scalable model for the Caribbean, serving as a 'tank farm' to facilitate smaller-scale LNG sales and infrastructure services to neighboring islands. Operational success in recontracting the FSRU Express at a 35% EBITDA uplift demonstrates the tightening market for FSRU assets and management's ability to high-grade their contract backlog. The Iraq LNG terminal is now expected to commence operations in early Q2 2027, with management citing continued project advancement despite regional conflict and a commitment to a take-or-pay contracted structure. Full-year 2026 adjusted EBITDA guidance was raised to $490 million–$515 million, assuming the delivery of two Atlantic Basin cargoes, though timing shifts between Q4 and Q1 could impact the final result. The first FSRU conversion project is on track for commercial deployment in early 2028, with definitive shipyard agreements expected following the procurement of long-lead regasification equipment. Management targets low double-digit annual dividend growth through 2028, supported by a strong balance sheet and a trailing net leverage of 1.9x, well below their target range. Committed growth capital for 2026 was increased to $380 million–$400 million, primarily due to pulling forward Iraq-related project costs and initial payments for the FSRU conversion vessel. Regional conflict in the Middle East necessitated a pivot for the Excelerate Acadia from its original Iraq deployment to an interim charter in Jordan to preserve asset utilization. Maintenance CapEx guidance was lowered to $85 million–$95 million due to the strategic deferral of the FSRU Exquisite dry dock into 2027. Management highlighted security and safety as primary considerations for the Iraq project, maintaining constant 'boots on the ground' and coordination with local and U.S. authorities to mitigate geopolitical risks. The selection of the Methane Patricia Camila over the Shenandoah for conversion reflects a tactical shift toward assets better suited for integrated molecule-sales projects. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects upward pressure on day rates to continue into the 2030s due to a lack of available FSRU homes for the coming LNG supply wave. They noted that the FSRU Express is the fifth asset recontracted on more favorable terms in the last 4.5 years. The vessel was chosen for its 170,000 cubic meter capacity, which matches the industry-standard parcel size, allowing for more efficient full-cargo discharges. Its TFDE power generation and high-efficiency boil-off rate make it an ideal candidate for integrated projects where Excelerate sells the molecules. Excelerate has already begun making spot LNG sales to other Caribbean islands using the Jamaica infrastructure. The new Colombia charter is viewed as an extension of the Caribbean portfolio, providing another strategic hub to leverage regional growth. Management observed that intra-basin LNG deliveries, particularly from Qatar to Kuwait, have remained resilient despite regional tensions. This stability reinforces the strategic necessity of the Iraq terminal for regional energy security.

THE WOODLANDS, Texas, August 05, 2026--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (Excelerate or the Company) today reported its financial results for the second quarter ended June 30, 2026. RECENT HIGHLIGHTS Reported Net Income of $50.1 million for the second quarter Reported Adjusted EBITDA of $120.1 million for the second quarter Executed a definitive agreement in June 2026 with Sociedad Portuaria Puerto Bahia, a subsidiary of Frontera Energy Corporation, to redeploy the FSRU Express to a new LNG import terminal in Colombia for seven years Executed a definitive agreement to purchase a new LNG carrier, the Methane Patricia Camila, which will serve as the dedicated vessel for the Company's first FSRU conversion project and support expected commercial deployment in early 2028 Declared a quarterly cash dividend of $0.09 per share, representing an approximately 13 percent increase from the prior quarter, payable on September 3, 2026 CEO COMMENT "Excelerate delivered strong financial and operational results in the second quarter, reflecting the earnings power of our contracted infrastructure portfolio and the strength of our global business. We continued to demonstrate our ability to adapt to changing market conditions while advancing our strategic priorities," said Steven Kobos, President and CEO of Excelerate Energy. Kobos continued, "That approach is reflected in the progress we've made this year. We are creating value from the assets we operate today while laying the groundwork for future growth, which includes continuing to progress our integrated Iraq LNG import terminal and advancing our first FSRU conversion. These actions are intended to expand our global footprint and provide us with a visible, sequenced pathway to long-term growth. We remain committed to our strategy to drive meaningful value creation for our shareholders." SECOND QUARTER 2026 FINANCIAL RESULTS Net Income for the second quarter of 2026 was in line with the prior quarter, while Adjusted EBITDA decreased slightly from the prior quarter primarily due to LNG, gas and power seasonal impacts, partially offset by higher margins for Jamaica. Net Income and Adjusted EBITDA for the second quarter of 2026 both increased from the prior year second quarter primarily due to a full quarter contribution from the Jamaica platform. The increase in Net Income also reflected the absence of acquisition-related transition and transaction expenses incurred in the prior year period, partially offset by higher interest expense related to the 2030 Notes. KEY COMMERCIAL UPDATES In May 2026, Excelerate executed a nine-month time charter party agreement with Jordan’s National Electric Power Company, NEPCO, to deploy the Excelerate Acadia to the country's existing LNG terminal in Aqaba. The Excelerate Acadia commenced operations in early July 2026. The interim deployment enhances Jordan's energy security by providing additional regasification capacity and generates incremental earnings for Excelerate while the Company continues to advance the Iraq integrated import terminal, discussed further below. In June 2026, Excelerate executed a seven-year time charter party agreement with Sociedad Portuaria Puerto Bahia, a subsidiary of Frontera Energy Corporation (TSX:FEC), to redeploy the FSRU Express to a new LNG import terminal under development in Colombia. The agreement includes multiple extension options. Following completion of its current charter and planned dry dock later this year, the FSRU Express is expected to begin service in Colombia in the first quarter of 2027. The redeployment secures long-term utilization of the asset, provides improved economic terms relative to its current deployment and creates a visible source of near-term earnings growth. In July 2026, Excelerate entered into a definitive agreement to acquire an LNG carrier, the Methane Patricia Camila, which will serve as the dedicated vessel for the Company's first FSRU conversion project. The acquisition represents an important milestone as Excelerate advances engineering, commercial development and project planning activities associated with the conversion initiative. Based on current planning assumptions, the converted FSRU is expected to be available for commercial deployment in early 2028. In October 2025, Excelerate executed a definitive commercial agreement with a subsidiary of Iraq's Ministry of Electricity for the development of the country's first LNG import terminal. The integrated project includes a five-year agreement for regasification services and LNG supply, with extension options, and a minimum contracted offtake of 250 million standard cubic feet per day. Despite the ongoing conflict in the Middle East, the Company continues to advance the project while adapting its execution plans as conditions evolve. Excelerate continues to closely monitor developments across the region, with safety and security remaining central to project planning and execution. Engineering and procurement activities are nearing completion. Site clearance and dredging activities continue in preparation for construction, and materials required for the terminal have been staged globally and are being mobilized based on construction priorities. Based on current planning assumptions, the integrated terminal is expected to commence operations early in the second quarter of 2027. LIQUIDITY AND CAPITAL RESOURCES As of June 30, 2026, Excelerate had $342.4 million in unrestricted cash and cash equivalents and the Company had no letters of credit under its revolving credit facility. All of the $500 million of capacity under the revolving credit facility was available for borrowings as of June 30, 2026. QUARTERLY CASH DIVIDEND UPDATE On July 30, 2026, Excelerate’s Board of Directors approved a quarterly cash dividend equal to $0.09 per share, or $0.36 per share on an annualized basis, of Class A common stock, representing an approximately 13 percent increase from the prior quarter. The dividend is payable on September 3, 2026, to Class A common stockholders of record as of the close of business on August 19, 2026. The dividend increase is consistent with Excelerate’s previously announced target of a low double-digit annual dividend growth rate commencing in 2026 and continuing through 2028. REVISED 2026 FINANCIAL OUTLOOK Excelerate has raised and narrowed its full-year 2026 Adjusted EBITDA guidance range. For the full year, Adjusted EBITDA is now expected to range between $490 million and $515 million. Committed growth capital guidance has increased and is now expected to range between $380 million and $400 million for the full year. The increase reflects capital spending related to the FSRU conversion project and certain Iraq-related project costs that are now expected to be incurred in 2026 rather than 2027. The total estimated cost of the Iraq LNG terminal remains in line with the previously communicated capex range. Maintenance capex is now expected to range between $85 million and $95 million. The decrease reflects the expected deferral of the FSRU Exquisite dry dock into 2027. Actual results may differ materially from the Company’s outlook as a result of, among other things, the factors described under "Forward-Looking Statements" below. INVESTOR CONFERENCE CALL AND WEBCAST The Excelerate management team will host a conference call for investors and analysts at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) on Thursday, August 6, 2026. Investors are invited to access a live webcast of the conference call via the Investor Relations page on the Company’s website at www.excelerateenergy.com. An archived replay of the call and a copy of the presentation will be on the website following the call. ABOUT EXCELERATE ENERGY Excelerate Energy, Inc. is a U.S.-based LNG and power infrastructure company located in The Woodlands, Texas. Excelerate helps countries around the world enhance their energy security by providing reliable energy infrastructure and increasing access to global LNG markets. The Company delivers services along the LNG to power value chain, including floating regasification terminals, downstream infrastructure development, LNG supply, and power generation. Excelerate has a presence in Abu Dhabi, Antwerp, Aqaba, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Hanoi, Helsinki, Jamaica, Karachi, London, Rio de Janeiro, Singapore, Washington, D.C., and Wilhelmshaven. For more information, please visit www.excelerateenergy.com. USE OF NON-GAAP FINANCIAL MEASURES The Company reports financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). Included in this press release are certain financial measures that are not calculated in accordance with GAAP. They are designed to supplement, and not substitute, Excelerate’s financial information presented in accordance with GAAP. The non-GAAP measures as defined by Excelerate may not be comparable to similar non-GAAP measures presented by other companies, and you are cautioned not to place undue reliance on this information. The presentation of such measures, which may include adjustments to exclude non-recurring items, should not be construed as an inference that Excelerate’s future results, cash flows or leverage will be unaffected by other non-recurring items. Management believes that the following non-GAAP financial measures provide investors with additional useful information in evaluating the Company's performance and valuation. See the reconciliation of non-GAAP financial measures to the most comparable GAAP financial measure, including those measures presented as part of the Company’s 2026 Financial Outlook, in the section titled "Non-GAAP Reconciliation" below. Adjusted Gross Margin The Company uses Adjusted Gross Margin, a non-GAAP financial measure, which it defines as revenues less cost of LNG, gas and power and operating expenses, excluding depreciation and amortization, to measure its operational financial performance. Management believes Adjusted Gross Margin is useful because it provides insight into profitability and true operating performance excluding the implications of the historical cost basis of the Company’s assets. Adjusted Net Income The Company uses Adjusted Net Income, a non-GAAP financial measure, which it defines as net income plus tax-effected transition and transaction expenses. Management believes Adjusted Net Income is useful because it provides insight into profitability excluding the impact of non-recurring charges related to the Jamaica acquisition. Adjusted EBITDA Adjusted EBITDA is a non-GAAP financial measure included as a supplemental disclosure because management believes it is a useful indicator of the Company’s operating performance. The Company defines Adjusted EBITDA as net income before interest expense, income taxes, depreciation and amortization, accretion, non-cash long-term incentive compensation expense and items such as charges and non-recurring expenses that management does not consider as part of assessing ongoing operating performance. The Company adjusts net income for the items listed above to arrive at Adjusted EBITDA because these amounts can vary substantially from company to company within its industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income as determined in accordance with GAAP or as an indicator of the Company’s operating performance or liquidity. This measure has limitations as certain excluded items are significant components in understanding and assessing a company’s financial performance, such as a company’s cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDA. The Company's presentation of Adjusted EBITDA should not be construed as an inference that its results will be unaffected by unusual or non-recurring items. For the foregoing reasons, Adjusted EBITDA has significant limitations that affect its use as an indicator of the Company’s profitability and valuation. Adjusted Earnings Per Share The Company uses Adjusted Earnings Per Share ("EPS"), a non-GAAP financial measure, which it defines as diluted EPS plus the per share impact of its tax-effected transition and transaction expenses. Management believes Adjusted EPS is useful because it provides insight on per share profitability excluding the impact of non-recurring charges related to the Jamaica acquisition. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about Excelerate and our industry that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding: the advancement and expected timing of our development of Iraq’s first LNG import terminal; our future results of operations or financial condition, including our 2026 outlook, business strategy and plans, including our first FSRU conversion project; economic conditions, both generally and in particular in the regions in which we operate or plan to operate; objectives of management for future operations, our share repurchase program, and projections regarding annual results, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "consider," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will" or "would" or the negative of these words or other similar terms or expressions. You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described under "Risk Factors" in Excelerate’s Annual Report on Form 10‐K for the year ended December 31, 2025, our other filings with the Securities and Exchange Commission (the "SEC"), and those identified in this press release, including, but not limited to, the following: unplanned issues, including time delays, unforeseen expenses, cost inflation, materials or labor shortages, which could result in delayed project startup receipt of payment or existing or anticipated project cancellation; our ability to realize the anticipated benefits of the Jamaica acquisition, and our ability to manage integration risks of the Jamaica acquisition including expected accretion to earnings per share and the expected increase to our operating cash flow; the competitive market for LNG regasification services; changes in the supply of and demand for and price of LNG and natural gas and LNG regasification capacity; our need for substantial expenditures to maintain and replace, over the long-term, the operating capacity of our assets; risks associated with conducting business outside of the United States, including political, legal and economic risk; our ability to obtain and maintain approvals and permits from governmental and regulatory agencies with respect to the design, construction and operation of our facilities and provision of our services; our ability to access financing on favorable terms; our debt level and finance lease liabilities, which may limit our flexibility in obtaining additional financing, or refinancing credit facilities upon maturity; our financing agreements, which include financial restrictions and covenants and are secured by certain of our floating regasification terminals; our ability to enter into or extend contracts with customers and our customers’ failure to perform their contractual obligations; our ability to purchase or receive physical delivery of LNG in sufficient quantities to satisfy our delivery and sales obligations or at attractive prices; our ability to maintain relationships with our existing suppliers, source new suppliers for LNG and critical components of our projects and complete building out our supply chain; the technical complexity of our infrastructure assets; the risks inherent in operating our infrastructure assets; customer termination rights in our contracts; adverse effects on our operations due to disruption of third-party facilities; infrastructure constraints and community and political group resistance to existing and new LNG and natural gas infrastructure over concerns about the environment, safety and terrorism; shortages of qualified officers and crew impairing our ability to operate or increasing the cost of crewing our floating regasification terminals; acts of terrorism, war or political or civil unrest; compliance with various international treaties and conventions and national and local environmental, health, safety and maritime conduct laws that affect our operations; and other risks, uncertainties and factors set forth in any of our filings with the SEC. These risks and uncertainties are described more fully in our other filings with the SEC, including our most recent Annual Report on Form 10-K. All forward-looking statements are based on assumptions or judgments about future events that may or may not be correct or necessarily take place and that are by their nature subject to significant uncertainties and contingencies, many of which are outside the control of Excelerate. The occurrence of any such factors, events or circumstances would significantly alter the results set forth in these statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. For example, the current global economic uncertainty and geopolitical climate, including trade and tariff developments, wars and conflicts, and world or regional health events, including pandemics and epidemics and governmental and third-party responses thereto, may give rise to risks that are currently unknown or amplify the risks associated with many of the foregoing events or factors. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. While we believe that we have a reasonable basis for the forward-looking statements contained herein, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments. Excelerate Energy, Inc.Non-GAAP Reconciliation (Unaudited) The following table presents a reconciliation of Adjusted Gross Margin to the GAAP financial measures of gross margin for each of the periods indicated. The following table presents a reconciliation of Adjusted Net Income to the GAAP financial measures of net income for each of the periods indicated. The following table presents a reconciliation of Adjusted EBITDA to the GAAP financial measures of net income for each of the periods indicated. The following table presents a reconciliation of Adjusted Dilutive EPS to the GAAP financial measures of dilutive EPS for each of the periods indicated. Note: We have not reconciled the Adjusted EBITDA outlook to net income, the most comparable measure, because it is not possible to estimate, without unreasonable effort, our income taxes with the level of required precision. Accordingly, we have reconciled these non-GAAP measures to our estimated income before taxes. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805385948/en/ Contacts InvestorsCraig HicksExcelerate [email protected] MediaStephen Pettibone / Frances JeterFGS [email protected] [email protected]

ConocoPhillips COP is set to report second-quarter 2026 results on Aug. 6, before the opening bell. Let us delve into the factors that are likely to have influenced the performance of the leading independent exploration and production player. However, before that, it would be worth reviewing COP’s performance in the previous quarter. In the last reported quarter, COP’s earnings of $1.89 per share beat the Zacks Consensus Estimate of $1.73, driven by lower costs and improved operational efficiency. ConocoPhillips’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 1.03%. This is depicted in the graph below: The upstream player beat earnings estimates in three of the trailing four quarters and missed once, delivering an average surprise of 5.78%. This is depicted in the graph below. ConocoPhillips price-eps-surprise | ConocoPhillips Quote The Zacks Consensus Estimate for second-quarter earnings per share of $2.96 has witnessed one upward and four downward revisions in the past 30 days. The consensus estimate implies an increase of 108.5% from the year-ago reported number. The Zacks Consensus Estimate for revenues of $17.54 billion indicates a 19% improvement from the year-ago reported figure. ConocoPhillips is expected to have sustained a stable performance during the second quarter, driven by higher commodity prices. According to the U.S. Energy Information Administration, the West Texas Intermediate spot price for April and May 2026 was $100.32 and $102.13 per barrel, respectively, before falling to $84.81 in June. These prices marked a significant increase from the $63.54, $62.17 and $68.17 per barrel reported in the corresponding period of 2025. The pricing environment is expected to have supported the company's upstream earnings. However, geopolitical tensions in the Middle East likely resulted in significant price volatility during the second quarter, adding uncertainty to ConocoPhillips' operating environment. In addition, the company remains unhedged on its oil and LNG production. While this strategy allows it to fully benefit from higher commodity prices, it also leaves earnings more exposed to downside price movements. Further, Qatar’s production shut-in may have affected its LNG operations in the region, potentially weighing on overall performance. These factors are anticipated to have affected volume and pricing dynamics, potentially hampering COP’s performance in the to-be-reported quarter. Our proven model does not predict an earnings beat for COP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that's not the case here, as you will see below. Earnings ESP: COP has an Earnings ESP of -1.33%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zacks Rank: The company currently has a Zacks Rank #4 (Sell). Here are some other energy firms that you may want to consider, as they have the right combination of elements to post an earnings beat this reporting cycle. Cheniere Energy LNG currently has an Earnings ESP of +3.69% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here. Cheniere Energy is scheduled to release second-quarter earnings on Aug. 6. The Zacks Consensus Estimate for LNG’s earnings is pegged at $2.80 per share, implying a 61.6% decline from the prior-year reported figure. Occidental Petroleum OXY currently has an Earnings ESP of +5.33% and a Zacks Rank #3. Occidental Petroleum is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for OXY’s earnings is pegged at $1.96 per share, indicating a 402.6% increase from the prior-year reported figure. Excelerate Energy EE currently has an Earnings ESP of +11.04% and a Zacks Rank #3. Excelerate Energy is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for EE’s earnings is pegged at 35 cents per share, implying a 2.9% increase from the prior-year reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report Excelerate Energy, Inc. (EE) : Free Stock Analysis Report Cheniere Energy, Inc. (LNG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Diversified Energy Company DEC is set to release second-quarter 2026results on Aug. 5. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 20 cents per share on revenues of $492.5 million. Let’s delve into the factors that might have influenced the oil and gas firm’s performance in the June quarter. But it’s worth taking a look at Diversified Energy’s previous-quarter results first. In the last reported quarter, the Birmingham, AL-based company, which acquires, operates and improves established U.S. oil and gas assets, beat the consensus mark on operational excellence and portfolio optimization gains. Diversified Energy had reported adjusted earnings per share of $2.05, which surpassed the Zacks Consensus Estimate by 1.5%. Sales of $27.1 million also beat the consensus mark by 81%. Diversified Energy Company PLC price-eps-surprise | Diversified Energy Company PLC Quote Diversified Energy's second-quarter 2026 results were likely supported by its expanding Portfolio Optimization Program, which continued unlocking cash beyond core production. In the first quarter, the company generated roughly $101 million through optimization initiatives, including acreage monetizations, while management highlighted additional opportunities from non-operated development, environmental credits and asset sales. The program had already produced more than $400 million since early 2023, suggesting these cash-generating initiatives could have continued boosting profitability and free cash flow during the second quarter as more assets were optimized. Operational momentum likely remained a tailwind in the second quarter. Management reaffirmed 2026 adjusted EBITDA guidance of $925-$975 million and expected about $430 million in adjusted free cash flow despite weather-related disruptions in the first quarter. March production exited at approximately 1.23 billion cubic feet equivalent per day, aligning with guidance, while debt reduction of $92 million lowered leverage to 2.2X, comfortably within the target range. Continued balance-sheet improvement, strong liquidity of about $529 million and disciplined capital allocation likely positioned the company to sustain healthy earnings and cash generation in the to-be-reported quarter. Although the Camino acquisition strengthened Diversified's long-term outlook, it was unlikely to provide a meaningful earnings contribution in the second quarter. Management stated that the $1.2 billion transaction is expected to close in the third quarter of 2026, subject to customary conditions, and confirmed that neither the Camino acquisition nor the recently completed Sheridan deal was fully incorporated into full-year guidance. As a result, investors were unlikely to see the expected production growth, synergies and cash flow benefits from Camino reflected in second-quarter earnings. The proven Zacks model does not conclusively show that Diversified Energy is likely to beat estimates in the second quarter of 2026. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Earnings ESP: DEC has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 20 cents per share each. Zacks Rank: Diversified Energy currently carries a Zacks Rank #3, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult this earnings season. While an earnings beat looks uncertain for Diversified Energy, here are some firms from the energyspace that you may want to consider based on our model: Devon Energy DVN: It has an Earnings ESP of +0.61% and a Zacks Rank #3.Devon Energy is scheduled to release earnings on Aug. 4. You can see the complete list of today’s Zacks #1 Rank stocks here. For 2026, Devon Energy has a projected earnings growth rate of 18.4%. Valued at around $27.6 billion, it has gained 37.4% in a year. Excelerate Energy EE: It has an Earnings ESP of +11.04% and a Zacks Rank #3.Excelerate Energy is scheduled to release earnings on Aug. 5. For 2026, Excelerate Energy has a projected earnings growth rate of 18.8%. Valued at around $4.2 billion, it has gained 49.5% in a year. Helmerich & Payne HP: It has an Earnings ESP of +2.08% and a Zacks Rank #3.Helmerich & Payne is scheduled to release earnings on Aug. 5. Helmerich & Payne’s expected EPS growth rate for three to five years is currently 27.5%, which compares favorably with the industry's growth rate of 19.1%. Valued at around $3.3 billion, it has gained 115.6% in a year. Teaser: DEC's Q2 results may reflect portfolio optimization, steady production and lower debt, while Camino benefits remain out of reach. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Diversified Energy Company PLC (DEC) : Free Stock Analysis Report Devon Energy Corporation (DVN) : Free Stock Analysis Report Helmerich & Payne, Inc. (HP) : Free Stock Analysis Report Excelerate Energy, Inc. (EE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research