Excelerate Energy, Inc. (NYSE: EE) has authorized a new share repurchase program that allows the company to buy back up to $75 million of its Class A common shares. The authorization is flexible, permitting open‑market purchases, block trades, private negotiations, or a non‑discretionary trading plan, and it carries no expiration date, giving the board discretion to adjust the program as market conditions evolve.
The buyback comes on the back of a strong Q3 2025 earnings release in which the company reported revenue of $391.04 million, up 102.2% year‑over‑year and well above the consensus estimate of $270.82 million. Earnings per share of $0.45 beat the consensus of $0.32 by $0.13, a 40% upside. The results were driven by robust demand for the company’s LNG infrastructure services, a favorable mix of high‑margin projects, and disciplined cost management that kept operating expenses in line with revenue growth.
Management raised its full‑year 2025 adjusted EBITDA guidance to $435 million–$450 million, an increase from the prior guidance of $400 million–$410 million. The upward revision reflects confidence in continued demand for LNG solutions, the integration of the Jamaica acquisition, and the expected cash flow from the newly acquired LNG carrier and the Iraq import terminal agreement. The guidance lift signals that the company expects to generate sufficient free cash flow to support both the share repurchase program and future growth investments.
Strategic initiatives underpinning the company’s growth outlook include the acquisition of an integrated LNG and power platform in Jamaica, the purchase of the Excelerate Shenandoah LNG carrier, and a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first LNG import terminal. These deals expand the company’s geographic footprint and service portfolio, positioning it to capture increasing global demand for cleaner energy solutions.
CFO Dana Armstrong emphasized that the share repurchase program reflects a commitment to enhancing shareholder returns while maintaining flexibility for growth investments and dividend payments. “Our approach to share repurchases reflects a commitment to enhancing shareholder returns while maintaining flexibility for growth investments and dividends,” she said. The statement underscores the company’s confidence in its cash‑generating ability and its intent to balance shareholder value creation with strategic expansion.
The authorization signals management’s belief that the stock is undervalued and that the company has sufficient liquidity to support a buyback without compromising its growth agenda. By reducing the share count, the program is expected to lift earnings per share and support the company’s valuation, reinforcing investor confidence in Excelerate’s long‑term prospects.
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