Excelerate develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks, with an integrated platform that includes specialized LNG carriers, proprietary regasification technology and on-shore support facilities. The company operates a fleet of ten purpose-built FSRUs, has completed more than 2,700 ship-to-ship LNG transfers with over 50 LNG operators and delivered more than 6,600 billion cubic feet of natural gas through 16 LNG regasification terminals.
Cyborg Score Rationale
Excelerate delivered record full-year 2025 Adjusted EBITDA of $449 million, up about $100 million from the prior year. The company introduced full-year 2026 Adjusted EBITDA guidance of $515 million to $545 million. Strong growth trajectory with proven infrastructure assets and long-term contracts.
Top Insights
2025 was described as a 'strong year of execution' driven by Jamaica acquisition contributions, contracted FSRU fleet, and ramp of Iraq integrated LNG import terminal project.
Enterprise-wide reliability exceeded 99.9% for the year, supporting stable, predictable cash flow.
Company revenue rose 44.2% to $1.228 billion from $851.43 million year-over-year.
Company benefits from leveraging global demand for LNG, has price agnostic positioning, predictable revenues from long-term contracts, and compelling growth upside.
Named Competitors
Cheniere Energy Partners, L.P. — LNG liquefaction and regasification services
Golar LNG Limited — Floating liquefaction and regasification solutions
FLEX LNG Ltd. — Floating LNG production infrastructure
Recent Developments
(Mar 2026) Record 2025 Adjusted EBITDA of $449M; 2026 guidance of $515-545M