Excelerate Energy Inc is crediting its improved third-quarter performance to its acquisition of New Fortress Energy’s Jamaican assets in May 2025.

The integrated liquefied natural gas provider that purchased the assets for US$1.055 billion.

“Excelerate delivered excellent operational and financial results in the third quarter, with meaningful contributions from our terminal services and continued commercial momentum in Jamaica,” explained Steven Kobos, president and CEO of Excelerate.

“These results underscore the durability of our business model and our ability to generate predictable cash flows while advancing strategic growth opportunities,” he continued.

For the third quarter ending September 30, the company earned US$391 million in revenue, and from it generated adjusted earnings before tax, debt and amortisation (EBITDA) of US$19.3 million. The company highlighted that its net income and adjusted EBITDA for the third quarter of 2025 increased over the last quarter due mainly to a full quarter of Jamaica margin and higher LNG, gas, and power sales opportunities in third quarter.

At the same time, Excelerate incurred higher interest expense associated with the issuance of the 2030 Notes and depreciation of Jamaican assets.

The board of directors approved on October 30 a quarterly cash dividend of US$0.08 to Class A common stockholders. The dividend is payable on December 4 to Class A common stockholders of record as of the close of business on November 19.

Hurricane Melissa headwinds

Excelerate has revised its full-year earnings from between US$420 million and US$440 million to between US$435 million and US$450 million. However, the company is wary of the adverse financial impact of Hurricane Melissa, which made landfall on its Jamaican operation.

Still, with the company’s comprehensive insurance coverage along with the timely restoration of operations, the financial impacts from Hurricane Melissa for the fourth quarter should be limited. Excelerate estimates that maintenance cap expenditure for 2025 will range between US$65 million and US$75 million.

Commenting on the results, Kobos remarked, “From advancing a transformative, integrated LNG import terminal in Iraq, to optimising our integrated operations in Jamaica—even in the face of Hurricane Melissa, our team continues to deliver critical energy infrastructure where it is needed most.

“We remain deeply committed to Jamaica, supporting the island’s recovery and strengthening its energy security. At the same time, we are extending the reach of our global infrastructure platform into new markets and positioning Excelerate to deliver even greater long-term value for our shareholders,” he added.