Excelerate Energy, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Excelerate Energy, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Revenue	431	889	2,473	1,159	851	1,228
General and administrative	42.9	47.1	66.1	87.5	94.1	94.5
Operating expenses	298	749	2,286	948	636	962
Operating income	133	139	187	211	215	267
Other non-operating income	-0.09	0.56	0.31	15.6	22.9	20
Pre-tax income	46.8	62.4	108	160	179	195
Income tax	13.9	21.2	28.3	33.2	26.1	27.9
Net income to minority interests	2.62	3.04	55.1	96.4	120	128
Net income	0	0	13.3	30.4	32.9	39.2
EBITDA	237	244	284	325	314	378
EPS, basic	0.00	0.00	0.51	1.16	1.29	1.31
EPS, diluted	0.00	0.00	0.51	1.11	1.27	1.28
Shares, basic (weighted)	0	0	26.3	26.3	25.4	29.9
Shares, diluted (weighted)	0	0	26.3	108	25.8	30.6

Balance sheet

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	110	72.8	517	556	538	538
Receivables		261	82.3	97.3	120	82.7
Inventory		105	174	2.95	23.9	27.1
Other current assets		26.2	35	27.4	50.7	90.3
Total current assets		490	824	700	754	753
Property, plant and equipment		1,433	1,456	1,650	1,623	2,132
Lease right-of-use assets		106	78.6	6.29	4.56	167
Goodwill					0	235
Intangible assets					0	359
Other non-current assets		19.4	26.3	49.3	63.4	88.3
Total assets		2,501	2,867	2,860	2,883	4,131
Accounts payable		304	96.8	13.8	7.14	46.6
Accrued liabilities		9.26	14.6	19.8	18.6	26.8
Deferred revenue		1.5	134	0	27.4	23.8
Short-term debt		19	20.9	42.6	46.8	23.5
Total current liabilities		520	392	204	216	310
Long-term debt		214	193	333	287	913
Lease liabilities		77.9	48.4	5.01	3.45	139
Other non-current liabilities		14.5	32.9	14.4	28.4	37
Total liabilities		1,497	1,170	1,051	995	1,902
Total debt		233	214	376	334	936
Paid-in capital		0	465	466	467	635
Retained earnings		0	12	39.8	72.3	103
Treasury stock			0	-0.47	-52.4	-55
Other comprehensive income	-15	-9.18	0.52	0.51	0.5	-0.11
Minority interests		14.4	1,219	1,304	1,401	1,547
Total equity	771	1,004	1,697	1,809	1,889	2,229
Total liabilities and equity		2,501	2,867	2,860	2,883	4,131

Cash flow statement

	FY2020	FY2022	FY2022	FY2023	FY2024	FY2025
Net income	0	0	13.3	30.4	32.9	39.2
Depreciation and amortization	104	105	97.3	114	98.9	111
Stock-based compensation			0.96	3.64	7.25	12
Deferred income tax	0.41	-0.97	2.26	-3.32	3.82	3
Change in receivables	-2.45	247	198	-21	-21.1	83
Change in inventory	-17.1	-82.7	-68.6	170
Change in payables	7.32	341	-255	-54.1	-25.1	68.2
Cash from operations	109	142	225	232	244	461
Acquisitions				0	0	-1,019
Cash from investing	-41.3	-36.1	-119	-309	-113	-1,182
Debt repaid	-27.6	-29.2	-20.3	-86.6	-44.6	-187
Stock issued	0	0	412	0	0	202
Dividends paid	0	0	-1.31	-2.63	-3.36	-8.51
Cash from financing	-31.4	-124	341	111	-149	723
Exchange rate effect		0	0	-0.12	-0.12	0.09
Net change in cash	36.3	-18.6	447	34.5	-18	2.02
Interest paid	88.2	80.5	55.4	60.8	58.1	79.7
Income taxes paid	14.3	16.8	37	26.2	24.4	22.4

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $33.09 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	21.8%	Operating income / revenue.
EBITDA margin	30.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	15.4%	Pre-tax income / revenue.
Net margin	3.2%	Net income / revenue.
Operating cash flow margin	26.7%	Cash from operations / revenue.
Effective tax rate	8.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	1.1%	Net income / average total assets.
Stock-based pay / revenue	0.9%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	8.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	44.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-20.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	23.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	24.0%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	12.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	14.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	20.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	10.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	9.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	19.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	43.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	0.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	35.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	88.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	27.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	33.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	43.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	13.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y	18.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	5.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.80x	Current assets / current liabilities.
Quick ratio	1.33x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.04x	(Cash + short-term investments) / current liabilities.
Debt / assets	22.2%	Total debt / total assets.
Liabilities / assets	45.4%	Total liabilities / total assets.
Net debt	$583.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.30x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$264.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	14.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.35x	Revenue / average total assets.
Fixed asset turnover	0.62x	Revenue / average property, plant and equipment.
Receivables turnover	15.1x	Revenue / average receivables.
Days sales outstanding	24 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.47	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$45.46	Revenue / diluted weighted shares.
Operating cash flow per share	$12.16	Cash from operations / diluted weighted shares.
Cash per share	$10.58	(Cash + short-term investments) / shares outstanding.
Payout ratio	21.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$3.75B	Share price x shares outstanding.
Enterprise value	$4.34B	Market cap + total debt - cash - short-term investments.
P/E	79.0x	Market cap / net income. Only when net income is positive.
P/S	2.55x	Market cap / revenue.
P/OCF	9.54x	Market cap / cash from operations, when positive.
EV/Sales	2.95x	Enterprise value / revenue.
EV/EBIT	13.5x	Enterprise value / operating income, when both are positive.
EV/EBITDA	9.67x	Enterprise value / EBITDA, when both are positive.
Earnings yield	1.3%	Net income / market cap (the inverse of P/E).
Dividend yield	0.3%	Dividends paid over the period / market cap.
Shareholder yield	0.3%	(Dividends paid + share buybacks) / market cap.
PEG	2.20x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Excelerate Energy, Inc.'s revenue in fiscal 2025?

Excelerate Energy, Inc. reported revenue of $1.23B for fiscal 2025, 44.3% higher than the year before.

Was Excelerate Energy, Inc. profitable in fiscal 2025?

Yes. Net income was $39.2M, a net margin of 3.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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