EE Excelerate Energy, Inc.

Overview and Growth

In fiscal 2025, Excelerate Energy, Inc. recorded $1.23B of revenue, net income of $39.20M, and an operating cash inflow of $461.21M. The $1.23B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 44.3% from $851.44M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.28, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $1.27 in fiscal 2024, the current result was 0.8% higher. At period end, total assets were $4.13B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.3x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced $266.69M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 21.7%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $39.20M for the fiscal year. The final earnings result represented 3.2% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $194.91M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 15.9% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $27.89M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 14.3% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 1.8%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 0.9%, showing earnings relative to the full balance sheet. Against $32.88M in fiscal 2024, the current $39.20M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $4.13B asset base was financed through $1.90B of liabilities and $2.23B of equity. Current assets were $753.37M against $310.06M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 2.43x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $538.23M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 173.6%, excluding receivables and other current assets. The company carried $936.31M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.42x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 22.7%, showing how much of the asset base was matched by borrowing. Liabilities represented 46.0% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 13.0%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 43.3% higher than fiscal 2024 assets of $2.88B, measuring the company’s own balance-sheet change. Book equity was 18.0% higher than fiscal 2024 equity of $1.89B, showing how shareholder capital changed year over year. Cash and equivalents were 0.1% higher than fiscal 2024 cash of $537.52M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $461.21M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 11.77x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.