Filing Flows › Excelerate Energy (EE) › Q3 2026 › vs Q2 2026
Excelerate Energy (EE) Q3 2026 vs Q2 2026 (quarter over quarter)
Excelerate Energy's revenue fell $32.1M (-10%) from $329M in Q2 2026 to $297M in Q3 2026. The biggest changes: LNG Gas and Power −$37.3M (-22%); Terminal Services +$5.2M (+3%). Operating margin 31.8% against 24.6% (+7.2 pts).
Excelerate Energy, Q3 2026: revenue $297M (-24% year over year), operating margin 31.8%, net earnings $14.2M, operating cash flow $80.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.8% | 24.6% | +7.2 pts |
| Net margin | 4.8% | 3.7% | +1.1 pts |
| Free cash flow margin | 17.0% | -43.5% | +60.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Terminal Services | $166M | $160M | $5.2M | +3% |
| LNG Gas and Power | $132M | $169M | −$37.3M | -22% |
| Revenue | $297M | $329M | −$32.1M | -10% |
| Operating profit | $94.6M | $80.9M | $13.7M | +17% |
| Costs & expenses | $203M | $248M | −$45.7M | -18% |
| Pre-tax earnings | $69.8M | $44.1M | $25.6M | +58% |
| Other expense, net | $24.8M | $36.8M | −$12.0M | -33% |
| General & admin | $28.9M | $24.3M | $4.6M | +19% |
| Other operating costs | $174M | $224M | −$50.3M | -22% |
| Net earnings | $14.2M | $12.1M | $2.2M | +18% |
| Minority interests | $45.8M | $38.0M | $7.8M | +20% |
| Income tax | $9.8M | −$5.9M | $15.7M | — |
| Depreciation & amortization | $32.5M | $32.7M | −$172K | -0.5% |
| Share-based compensation | $3.3M | $3.3M | −$79K | -2% |
| Working capital & other | $30.3M | $66.1M | −$35.9M | -54% |
| Operating cash flow | $80.3M | $114M | −$34.0M | -30% |
| Free cash flow (OCF − capex) | $50.5M | −$143M | $194M | — |
| Capital expenditures | $29.8M | $258M | −$228M | -88% |
Questions
How much did Excelerate Energy's revenue grow quarter over quarter in Q3 2026?
Excelerate Energy's revenue fell $32.1M (-10%) from $329M in Q2 2026 to $297M in Q3 2026.
What drove Excelerate Energy's revenue change in Q3 2026?
LNG Gas and Power −$37.3M (-22%); Terminal Services +$5.2M (+3%).