Filing Flows › Excelerate Energy (EE) › Q1 2025
Excelerate Energy (EE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Excelerate Energy (EE) reported revenue of $315M for the first quarter 2025 (Q1 2025), +57% from a year earlier and +15% from the quarter before. Operating margin was 20.9%, net earnings $11.4M (3.6% of revenue).
Excelerate Energy, Q1 2025: revenue $315M (+58% year over year), operating margin 20.9%, net earnings $11.4M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $315M | +15% | +57% |
| Operating profit | $65.7M | +9% | +46% |
| Net earnings | $11.4M | +4% | +80% |
| Operating cash flow | $155M | +212% | +139% |
| Free cash flow | $111M | — | +113% |
What changed
Revenue was $315.1M in Q1 2025, up 57% year over year and up 15% from the previous quarter. Gas Sales was the largest line at 53% of revenue. Gas Sales added $123.6M year over year (up 287%), 108% of the total change. Fsru and Terminal Services declined 5%.
Operating profit was $65.7M, a 20.9% margin (down 1.7 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, below the 23% margin then. Total costs grew 61% against revenue growth of 57%. The fastest-growing cost line was Other operating costs (+71%). Net earnings were $11.4M, up 80% year over year. The effective tax rate was 10.4%.
Operating cash flow was $154.8M (up 139% year over year), 297% of net income including minority interests. Non-cash charges added back $21.6M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $78.9M. Capital expenditures of $44.1M left free cash flow of $110.7M.
Questions
What was Excelerate Energy's revenue in the first quarter 2025?
Excelerate Energy (EE) reported revenue of $315M for the first quarter 2025 (Q1 2025), +57% from a year earlier and +15% from the quarter before.
Was Excelerate Energy profitable in the first quarter 2025?
Operating profit was $65.7M (20.9% of revenue) and net earnings $11.4M.
Source: Excelerate Energy 10-Q on SEC EDGAR.