Excelerate Energy, Inc. (NYSE: EE)

Excelerate is a Delaware corporation formed in 2021 as a holding company that owns a controlling interest in Excelerate Energy Limited Partnership. The company owns and operates liquefied natural gas and natural gas infrastructure assets worldwide. Its core activity is providing regasification services through floating and onshore terminals that convert LNG back into natural gas for power generation or direct use. As of the end of 2025 it controlled or operated eleven floating regasification terminals one onshore regasification terminal and a combined heat and power plant with a twelfth floating terminal under construction expected for delivery in mid 2026. Excelerate has a geographic footprint across fourteen countries including Argentina Bangladesh Brazil Finland Germany Iraq Jamaica Pakistan the United Arab Emirates and the United States.

The company generates revenue primarily through two streams. First it earns fees from long term take or pay contracts for the use of its regasification terminals and related services. Second it sells natural gas LNG power and steam under long term sales agreements. As of December 31 2025 the minimum contracted cash flow from its terminal services contracts was approximately three billion three hundred fifteen point two million dollars with a weighted average remaining term of five point eight years. The minimum contracted cash flow from its LNG gas and power contracts was approximately seventeen billion thirty one point two million dollars with a weighted average remaining term of nine point three years. Examples of specific agreements include a fifteen year sale and purchase agreement with Bangladesh Oil Gas and Mineral Corporation a medium term LNG sales arrangement in the Atlantic Basin the acquisition of New Fortress Energy's Jamaican business and a five year integrated LNG supply and regasification agreement with an Iraqi Ministry of Electricity subsidiary.

Excelerate holds a leading position in the global offshore liquefied natural gas regasification market. It reports the largest regasified liquefied natural gas capacity in Argentina Bangladesh Finland Jamaica and the United Arab Emirates. It is also among the top providers in Brazil and Pakistan where it has regasified more volume than any other competitor over the past decade. Key competitive strengths include more than two decades of experience in the LNG value chain a proven track record of executing complex projects and a reliable team of senior executives. The company benefits from a stable revenue base backed by long term take or pay contracts that insulate it from short term commodity price swings. Its ability to reposition floating terminals between projects reduces redeployment risk and supports steady cash flow. Competitors include other owners of floating regasification terminals various LNG sellers and companies focused on LNG to power projects.

Excelerate serves a diverse set of customers mainly consisting of state owned energy companies transmission operators and industrial users of natural gas. Named customers referenced in the filing include Bangladesh Oil Gas and Mineral Corporation the Iraqi Ministry of Electricity subsidiary and New Fortress Energy's Jamaican business. Additional contractual relationships exist with utilities and industrial clients in Argentina Brazil Bangladesh Finland Germany Pakistan the United Arab Emirates and the United States. These counterparties typically enter into long term take or pay agreements for regasification services or for the purchase of LNG natural gas power and steam.