BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 29.Jul.2025, Words: 230) â Excelerate Energy, Inc. raised its full year 2025 adjusted EBITDA guidance range related to the acquisition of New Fortress Energy Inc.‘s business in Jamaica.
“Our recent acquisition in Jamaica marks a significant milestone in Excelerateâs strategic vision to become a provider of critical last-mile energy infrastructure,” Excelerate president and CEO Steven Kobos said on 29 Jul. 2025 in an official company statement.
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“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,” Kobos said.
The Woodlands-based Excelerate closed its acquisition of the integrated LNG and power platform in Jamaica in May 2025. Following the closing, Excelerate now expects full year 2025 adjusted EBITDA guidance to range between $420mn and $440mn.
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Other key highlights related to the Form 8-K/A filling include:
â the pro forma financial results include certain cost allocations to the Jamaica business based on assumptions and methodologies specific to the seller; and
â after removing these seller-specific cost allocations, pro forma adjusted EBITDA for both the 3-month period ended 31 Mar. 2025 and the full year ended 2024 are aligned with Excelerate management expectations.
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By Steve Stewart reporting from Baton Rouge. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
