Filing Flows › Excelerate Energy (EE) › Q1 2026
Excelerate Energy (EE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Excelerate Energy (EE) reported revenue of $433M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +36% from the quarter before. Operating margin was 18.9%, net earnings $12.3M (2.8% of revenue).
Excelerate Energy, Q1 2026: revenue $433M (+38% year over year), operating margin 18.9%, net earnings $12.3M, operating cash flow $60.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $433M | +36% | +38% |
| Operating profit | $82.0M | +16% | +25% |
| Net earnings | $12.3M | +35% | +8% |
| Operating cash flow | $60.0M | -43% | -61% |
| Free cash flow | $33.7M | -52% | -70% |
What changed
Revenue was $433.4M in Q1 2026, up 38% year over year and up 36% from the previous quarter. LNG Gas and Power was the largest line at 63% of revenue. LNG Gas and Power added $108.5M year over year (up 65%), 92% of the total change.
Operating profit was $82.0M, a 18.9% margin (down 1.9 points year over year). Of the extra revenue versus Q1 2025, 14% reached operating profit, below the 21% margin then. Total costs grew 41% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+43%). Net earnings were $12.3M, up 8% year over year. The effective tax rate was 15.9%.
Operating cash flow was $60.0M (down 61% year over year), 120% of net income including minority interests. Non-cash charges added back $31.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $24.2M. Capital expenditures of $26.3M left free cash flow of $33.7M.
Questions
What was Excelerate Energy's revenue in the first quarter 2026?
Excelerate Energy (EE) reported revenue of $433M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +36% from the quarter before.
Was Excelerate Energy profitable in the first quarter 2026?
Operating profit was $82.0M (18.9% of revenue) and net earnings $12.3M.
Source: Excelerate Energy 10-Q on SEC EDGAR.