Excelerate Energy (EE) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:02 AM CDT 28 min read

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DATE

Thursday, May 7, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Steven Kobos

• Chief Financial Officer — Dana Armstrong

• Chief Commercial Officer — Oliver Simpson

• Chief Operating Officer — David Liner

Full Conference Call Transcript

Steven Kobos: Good morning, everyone, and convey you for joining america today. Before I get into the quarter, I privation to instrumentality a infinitesimal to admit thing that goes beyond the financials. We person employees, seafarers and partners operating successful and astir the Arabian Gulf. Our thoughts and prayers are with them and with their families during what is simply a hard and uncertain time. The information of our radical is ever our apical priority, and I privation them to cognize that they person our afloat support. Against that backdrop, I americium arrogant of however Excelerate performed this quarter. We delivered $122 cardinal of adjusted EBITDA and achieved a 99.8% reliability complaint crossed our plus portfolio.

Those results bespeak the spot of our contracted plus portfolio and the dedication of the teams who run them each day. This beardown show is simply a nonstop effect of however we built this business. Excelerate is simply a planetary LNG and powerfulness infrastructure company. We ain and run assets that present reliable downstream LNG and powerfulness solutions to countries who beryllium connected america for their vigor security. That work is cardinal to however we operate, however we put and however we negociate risk. Our operations span 4 continents, and that geographic scope translates straight into gross and net diversification. It is simply a halfway crushed we are capable to execute crossed marketplace cycles and bounds the fiscal interaction of determination disruptions.

As the planetary vigor scenery grows much complex, the quality to present vigor safely and without interruption matters adjacent more. That brings maine to the macro environment, which provides an important discourse for today's discussion. As we've highlighted previously, the planetary LNG marketplace is moving into a play of meaningful and sustained proviso growth. Despite caller geopolitical events, astir 200 cardinal tons of caller LNG proviso volition inactive travel online betwixt present and the extremity of the decade. The struggle successful the Middle East is accelerating the propulsion for greater geographic diversification of supply. This volition effect successful adjacent much LNG volumes reaching the market. Those volumes volition lone intensify the request for much regasification capacity.

In caller weeks, we've heard commentary astir pricing dynamics, imaginable task delays and marketplace hesitation successful definite regions. While those near-term dynamics are real, they should beryllium evaluated separately from the structural request for regasification arsenic caller proviso enters the market. The information is semipermanent contracted LNG pricing has been and remains affordable. That is wherefore galore of the countries and markets we are targeting proceed to crook to LNG arsenic a substance source. In this environment, Excelerate's relation is clear. We supply the downstream infrastructure that connects caller proviso to the customers who request it most, and we bash it nether declaration with assets we ain and operate. That's the structural backdrop.