Slide 1: 1Q 2026 Investor Presentation
1Q 2026 Investor Presentation May 2026
Slide 2: Disclaimers
Disclaimers Forward -Looking Statements This presentation contains forward -looking statements, within the meaning of the Private Securities Litigation Reform Act of 199 5 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 19 34,
Slide 3: Introduction
Jasmine: New Photo: Infrastructure operator, energy in motion, different markets we’re looking at Update Photo Introduction Steven Kobos President & CEO
Slide 4: Excelerate Energy Global Asset Footprint
12 Floating Regasification Terminals in Operation 1 Excelerate Energy Global Asset Footprint Our LNG and power infrastructure portfolio enhances energy security by ~25% connecting affordable LNG supply to downstream demand centers and Global Floating Regasification Capacity 1 markets around the worl
Slide 5: Delivered Strong 1Q 2026 Financial & Operational Results
BUSINESS UPDATE Delivered Strong 1Q 2026 Financial & Operational Results Results demonstrate the strength of a contracted, globally diversified asset base and commitment to operational excellence Reported Net Income of $50 million for the first quarter Reported Adjusted EBITDA of $122 million for th
Slide 6: Macro Fundamentals Reinforce Excelerate's Strategic Position
Macro Fundamentals Reinforce Excelerate’s Strategic Position Recent geopolitical events expected to intensify the need for reliable downstream LNG infrastructure Despite recent geopolitical events, approximately 200 million tonnes of incremental LNG supply are still expected to come online by 2030 T
Slide 7: Middle East Business Update
Middle East Business Update Maintaining disciplined execution and portfolio optimization to protect earnings and preserve long -term optionality Current Operations Iraq LNG Import Terminal Excelerate Acadia FSRUs operating in the UAE, the Explorer Jetty reinforcement and construction of the Executed
Slide 8: Jamaica Integrated Platform Update
Jamaica Integrated Platform Update In May 2025, Excelerate added the integrated LNG and power platform in Jamaica to its asset portfolio. Stable Platform Regional Cash Flows Optimization Growth The platform’s take -or-pay Gas volumes are growing Excelerate is pursuing contracts and high level of thr
Slide 9: Financial Overview
Financial Overview Dana Armstrong Executive Vice President & CFO KOLKATA, INDIA
Slide 10: Summary of 1Q 2026 Results
Summary of 1Q 2026 Results Delivered solid 1Q results (USD in millions) 1Q 2026 4Q 2025 1Q 2025 Net Income $50.0 $39.1 $52.1 Adjusted EBITDA $122.2 $112.5 $100.4 Variance Drivers • Net Income and Adjusted EBITDA for the first quarter of 2026 increased sequentially from the prior quarter primarily du
Slide 11: Balance Sheet Strength, Liquidity, and Capital Allocation Update
Balance Sheet Strength, Liquidity, and Capital Allocation Update 1 Balance sheet On April 30th, $1.3B $540M $714M strength and liquidity provide flexibility to Excelerate’s Board of Directors approved a pursue new growth Total Debt + Cash & Cash Net Debt 2 quarterly cash dividend Finance Leases Equi
Slide 12: 2026 Financial Outlook
2026 Financial Outlook Rev ised FY 2026 Guidance 1 (USD in millions) $480M – $510M $100M – $110M $270M – $300M Adjusted EBITDA Maintenance Capex Committed Growth Capital 2 Full year 2026 financial guidance highlights the financial discipline, agility, and strength of the Excelerate business model 1
Slide 13: Appendix
EXCELERATE ENERGY Appendix
Slide 14: Reconciliation of Non-GAAP Metrics
Reconciliation of Non -GAAP Metrics Quarterly Adjusted EBITDA Reconciliation (USD in millions) 1Q 2026 4Q 2025 1Q 2025 Net Income $50.0 $39.1 $52.1 Interest expense 27.6 27.8 14.3 Provision for income taxes 9.5 8.4 6.0 Depreciation and amortization expense 31.0 32.4 21.6 Accretion expense 0.8 0.8 0.
Slide 15: Reconciliation of Non-GAAP Metrics
Reconciliation of Non -GAAP Metrics 2026E Adjusted EBITDA Reconciliation (USD in millions) 2026E 2026E Low Case High Case Income before income taxes $221 $257 Interest expense 112 107 Depreciation and amortization expense 131 126 Accretion expense 4 3 Long -term incentive compensation expense 12 17
Slide 16: Capitalization
Capitalization (USD in millions) As of March 31, 2026 Cash and Cash Equivalents $540.1 Debt and Finance Leases Debt facilities 932.0 Debt facilities – related party 158.6 Finance lease liabilities 163.9 $1,254.5 16
Slide 17: Excelerate Energy
iy EXCELERATE uJ ENERGY