Following its recent acquisition of assets previously owned by New Fortress Energy, Texas-based Excelerate Energy has upgraded its earnings expectations for 2025.

Excelerate doled out US$1.055 billion in cash for regasification and LNG storage and distribution facilities at the Montego Bay and Old Harbour LNG terminals, the Clarendon 100 megawatt (MW) combined heat and power cogeneration plant, and all associated operations, pipelines and infrastructure. The company used a combination of its cash resources and a debt facility, including a US$850 million bridge facility, to finance the acquisition.

It closed on the takeover deal in May 2025.

The company said in a release that it “now expects full year 2025 adjusted EBITDA (earnings before interest, tax and depreciation) guidance to range between [US]$420 million and [US]$440 million”.

“Our recent acquisition in Jamaica marks a significant milestone in Excelerate’s strategic vision to become a provider of critical last-mile energy infrastructure,” explained Steven Kobos, president and CEO of Excelerate.

“We are pleased to raise our full-year 2025 Adjusted EBITDA guidance and report that integration is proceeding as planned, with the platform meeting or exceeding our targets for reliability and operational performance.”

Excelerate in its first-quarter report projected EBITDA of between US$345 million and US$365 million with accounting for the contributions from its then-pending Jamaican assets buyout.

The downstream LNG operator has long had its sights set on growing its LNG value chain. It has said that acquiring terminals and downstream infrastructure will enhance long-term contract revenue and margins, diversify its geographic exposure and customer base, and secure “pull-through demand” for its LNG supply portfolio.

Moreover, the company has highlighted potential growth opportunities from the acquisition, including the development of the infrastructure for LNG bunkering, particularly for the cruise and container ships calling in the Caribbean.