Filing Flows › Excelerate Energy (EE) › Q2 2025
Excelerate Energy (EE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Excelerate Energy (EE) reported revenue of $205M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -35% from the quarter before. Operating margin was 21.2%, net earnings $4.7M (2.3% of revenue).
Excelerate Energy, Q2 2025: revenue $205M (+12% year over year), operating margin 21.2%, net earnings $4.7M, operating cash flow $87.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | -35% | +12% |
| Operating profit | $43.4M | -34% | -13% |
| Net earnings | $4.7M | -58% | -29% |
| Operating cash flow | $87.1M | -44% | -4% |
| Free cash flow | $53.9M | -51% | -17% |
What changed
Revenue was $204.6M in Q2 2025, up 12% year over year and down 35% from the previous quarter. Terminal Services was the largest line at 73% of revenue. LNG Gas and Power added $23.4M year over year (up 72%), 110% of the total change. Terminal Services declined 1%.
Operating profit was $43.4M, a 21.2% margin (down 6.0 points year over year). Operating profit fell $6.5M even though revenue rose $21.2M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $4.7M, down 29% year over year. The effective tax rate was 21.2%.
Operating cash flow was $87.1M (down 4% year over year), 420% of net income including minority interests. Non-cash charges added back $25.5M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $37.6M. Capital expenditures of $33.3M left free cash flow of $53.9M.
Questions
What was Excelerate Energy's revenue in the second quarter 2025?
Excelerate Energy (EE) reported revenue of $205M for the second quarter 2025 (Q2 2025), +12% from a year earlier and -35% from the quarter before.
Was Excelerate Energy profitable in the second quarter 2025?
Operating profit was $43.4M (21.2% of revenue) and net earnings $4.7M.
Source: Excelerate Energy 10-Q on SEC EDGAR.