On July 29, 2025, Excelerate Energy, Inc. announced that it raised its full-year 2025 Adjusted EBITDA guidance range. This update follows the filing of a Form 8-K/A with pro forma financial results related to its acquisition of New Fortress Energy Inc.’s business in Jamaica.
The acquisition of New Fortress Energy's Jamaica assets, which closed on May 14, 2025, for $1.055 billion, is now being integrated into Excelerate Energy's financial outlook. This indicates that the transaction is contributing positively to the buyer's expected performance.
For New Fortress Energy, this development provides an external confirmation of the successful divestiture and its financial impact on the acquiring entity. It underscores the strategic rationale behind the sale, which was aimed at reducing NFE's corporate debt and enhancing financial flexibility.
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