Filing Flows › Excelerate Energy (EE) › Q2 2026 › vs Q1 2026
Excelerate Energy (EE) Q2 2026 vs Q1 2026 (quarter over quarter)
Excelerate Energy's revenue fell $104M (-24%) from $433M in Q1 2026 to $329M in Q2 2026. The biggest changes: LNG Gas and Power −$106M (-39%); Terminal Services +$2.2M (+1%). Operating margin 24.6% against 18.9% (+5.7 pts).
Excelerate Energy, Q2 2026: revenue $329M (+61% year over year), operating margin 24.6%, net earnings $12.1M, operating cash flow $114M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 24.6% | 18.9% | +5.7 pts |
| Net margin | 3.7% | 2.8% | +0.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| LNG Gas and Power | $169M | $275M | −$106M | -39% |
| Terminal Services | $160M | $158M | $2.2M | +1% |
| Revenue | $329M | $433M | −$104M | -24% |
| Operating profit | $80.9M | $82.0M | −$1.1M | -1% |
| Costs & expenses | $248M | $351M | −$103M | -29% |
| Pre-tax earnings | $44.1M | $59.4M | −$15.3M | -26% |
| Other expense, net | $36.8M | $22.5M | $14.2M | +63% |
| General & admin | $24.3M | $24.3M | −$45K | -0.2% |
| Other operating costs | $224M | $327M | −$103M | -32% |
| Income tax benefit | $5.9M | −$9.5M | $15.4M | — |
| Net earnings | $12.1M | $12.3M | −$243K | -2% |
| Minority interests | $38.0M | $37.7M | $339K | +0.9% |
| Depreciation & amortization | $32.7M | $31.0M | $1.7M | +5% |
| Share-based compensation | $3.3M | $3.3M | $60K | +2% |
| Working capital & other | $66.1M | $13.4M | $52.7M | +393% |
| Operating cash flow | $114M | $60.0M | $54.2M | +90% |
| Capital expenditures | $258M | $26.3M | $231M | +879% |
| Negative free cash flow (OCF − capex) | $143M | −$33.7M | $177M | — |
Questions
How much did Excelerate Energy's revenue grow quarter over quarter in Q2 2026?
Excelerate Energy's revenue fell $104M (-24%) from $433M in Q1 2026 to $329M in Q2 2026.
What drove Excelerate Energy's revenue change in Q2 2026?
LNG Gas and Power −$106M (-39%); Terminal Services +$2.2M (+1%).