Excelerate Energy, Inc. (NYSE: EE) saw a significant increase during Tuesday’s extended session, trading at $26.66 after climbing 7.98%. The spike occurred after the company increased its full-year 2025 Adjusted EBITDA estimate and disclosed pro forma financial figures pertaining to its recently acquired Jamaican assets.
Upgraded Financial Outlook Following Acquisition
Excelerate Energy increased the range of projected Adjusted EBITDA for the entire year 2025 to $420–$440 million. The revised prediction came after it successfully acquired the integrated liquefied natural gas (LNG) and power platform in Jamaica from New Fortress Energy Inc. in May 2025. Additionally, the business submitted a Form 8-K/A that included pro forma financial data, including past performance from the businesses it had bought.
Pro Forma Results and Integration Progress
Based on predetermined procedures and assumptions, the pro forma data includes cost allocations unique to the Seller’s activities in Jamaica. The pro forma Adjusted EBITDA for the quarter ending March 31, 2025, and the entire year 2024, after accounting for certain Seller-specific adjustments, stayed in line with Excelerate Energy’s management projections. Management confirmed that integration efforts are on track, with operational performance meeting or surpassing reliability targets.
Strategic Expansion of LNG Infrastructure
The Jamaica acquisition is a key milestone in Excelerate Energy’s strategy to establish itself as a provider of essential last-mile energy infrastructure. The assets acquired include the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power plant. To finance the deal, Excelerate successfully secured approximately $1.0 billion through equity and debt transactions.
Successful Capital Raising Initiatives
Excelerate raised $212 million in total revenues, including the greenshoe option, via the sale of eight million shares of Class A common stock at a price of $26.50 each in the second quarter of 2025. Additionally, the company strengthened its balance sheet to enable acquisition finance and operational expansion by closing a $800 million issue of senior unsecured notes with an 8.000% interest rate that was due in 2030.