Filing Flows › Excelerate Energy (EE) › Q3 2026 › vs Q3 2025
Excelerate Energy (EE) Q3 2026 vs Q3 2025 (year over year)
Excelerate Energy's revenue fell $93.8M (-24%) from $391M in Q3 2025 to $297M in Q3 2026. The biggest changes: LNG Gas and Power −$114M (-46%); Terminal Services +$19.8M (+14%). Operating margin 31.8% against 22.3% (+9.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.8% | 22.3% | +9.5 pts |
| Net margin | 4.8% | 3.6% | +1.2 pts |
| Free cash flow margin | 17.0% | 16.1% | +0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Terminal Services | $166M | $146M | $19.8M | +14% |
| LNG Gas and Power | $132M | $245M | −$114M | -46% |
| Revenue | $297M | $391M | −$93.8M | -24% |
| Operating profit | $94.6M | $87.2M | $7.3M | +8% |
| Costs & expenses | $203M | $304M | −$101M | -33% |
| Pre-tax earnings | $69.8M | $63.0M | $6.8M | +11% |
| Other expense, net | $24.8M | $24.2M | $535K | +2% |
| General & admin | $28.9M | $23.4M | $5.4M | +23% |
| Other operating costs | $174M | $280M | −$107M | -38% |
| Net earnings | $14.2M | $14.0M | $282K | +2% |
| Minority interests | $45.8M | $41.1M | $4.7M | +11% |
| Income tax | $9.8M | $7.9M | $1.8M | +23% |
| Depreciation & amortization | $32.5M | $31.8M | $740K | +2% |
| Share-based compensation | $3.3M | $3.3M | −$16K | -0.5% |
| Working capital & other | $30.3M | $65.9M | −$35.6M | -54% |
| Operating cash flow | $80.3M | $115M | −$34.6M | -30% |
| Free cash flow (OCF − capex) | $50.5M | $62.9M | −$12.4M | -20% |
| Capital expenditures | $29.8M | $52.0M | −$22.2M | -43% |
Questions
How much did Excelerate Energy's revenue grow year over year in Q3 2026?
Excelerate Energy's revenue fell $93.8M (-24%) from $391M in Q3 2025 to $297M in Q3 2026.
What drove Excelerate Energy's revenue change in Q3 2026?
LNG Gas and Power −$114M (-46%); Terminal Services +$19.8M (+14%).