Filing Flows › Excelerate Energy (EE) › Q4 2025
Excelerate Energy (EE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Excelerate Energy (EE) reported revenue of $318M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -19% from the quarter before. Operating margin was 22.2%, net earnings $9.1M (2.9% of revenue).
Excelerate Energy, Q4 2025: revenue $318M (+16% year over year), operating margin 22.2%, net earnings $9.1M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $318M | -19% | +16% |
| Operating profit | $70.4M | -19% | +17% |
| Net earnings | $9.1M | -35% | -16% |
| Operating cash flow | $104M | -9% | +110% |
| Free cash flow | $70.8M | +13% | — |
What changed
Revenue was $317.6M in Q4 2025, up 16% year over year and down 19% from the previous quarter.
Operating profit was $70.4M, a 22.2% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 22% margin then. Total costs grew 15% against revenue growth of 16%. The fastest-growing cost line was General & admin (+20%). Net earnings were $9.1M, down 16% year over year. The effective tax rate was 17.6%.
Operating cash flow was $104.4M (up 110% year over year), 267% of net income including minority interests. Non-cash charges added back $32.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $29.5M. Capital expenditures of $33.6M left free cash flow of $70.8M.
Questions
What was Excelerate Energy's revenue in the fourth quarter 2025?
Excelerate Energy (EE) reported revenue of $318M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and -19% from the quarter before.
Was Excelerate Energy profitable in the fourth quarter 2025?
Operating profit was $70.4M (22.2% of revenue) and net earnings $9.1M.
Source: Excelerate Energy 10-K on SEC EDGAR.