Exclerate reported net income of $39.1 million for the fourth quarter and $167.0 million for the full year 2025, and adjusted Ebitda of $112.5 million for the fourth quarter and $449.3 million for the full year 2025.
The company said its adjusted net income reached $39.7 million in the fourth quarter and $199.3 million for the full year 2025.
Excelerate declared a quarterly cash dividend of $0.08 per share, payable on March 26, 2026.
Full-year 2026 adjusted Ebitda is expected to range between $515 million and $545 million.
“2025 was a defining year for Excelerate Energy, marked by strong execution, reliable operations, and robust financial results,” said Steven Kobos, president and CEO of Excelerate.
“Looking ahead, our focus is on securing new growth opportunities and extending the earnings profile of the business further in the coming years,” he said.
Bangladesh contract
Exclerate currently has 12 FSRUs in its fleet, including a chartered FSRU integrated with the Jamaican assets.
In addition, Excelerate’s new FSRU recently completed its sea trials in South Korea.
Following delivery, the unit will be deployed to Excelerate’s integrated LNG import terminal in Iraq.
Excelerate noted in its results report that it commenced LNG cargo deliveries into Bangladesh in January 2026 under the previously announced 15-year LNG sale and purchase agreements with QatarEnergy and Petrobangla.
Under the SPA, Petrobangla will purchase 0.85 to 1 Mtpa of LNG from Excelerate beginning in January 2026.
Excelerate will deliver 0.85 Mtpa of LNG in 2026 and 2027 and 1 Mtpa from 2028 to 2040.
Bangladesh currently imports LNG via its first LNG import facility, Moheshkhali Floating LNG or MLNG, operated by Petrobangla, and via Summit Group’s FSRU-based terminal.
Both of these facilities feature Excelerate’s FSRUs.
Express FSRU
Excelerate also said the Express FSRU is expected to roll off contract in late third quarter of this year.
“We have high confidence in redeployment at improved economic terms in 2027,” the company said.
The 1380,000-cbm FSRU serves Adnoc’s LNG import terminal in Ruwais, Abu Dhabi’s first LNG import terminal.
