US-based FSRU and LNG player, Excelerate Energy started LNG cargo deliveries into Bangladesh in January, 2026 under a 15-year LNG sale and purchase agreement (SPA) with QatarEnergy and Petrobangla.
The company also reported net income of $39.1 mill for the fourth quarter and $167 mill for the full year 2025.
In addition, adjusted net income was $39.7 mill and $199.3 mill, adjusted EBITDA was $112.5 mill and $449.3 mill, respectively.
The company also declared a quarterly cash dividend of $0.08 per share, payable on 26th March, 2026
“2025 was a defining year for Excelerate Energy, marked by strong execution, reliable operations, and robust financial results,” said Steven Kobos, Excelerate’s President and CEO. “We delivered record net income and adjusted EBITDA for the year, demonstrating the earnings power of our contracted infrastructure portfolio and the value created through integration.
“Excelerate is exceptionally well positioned in today’s macro environment, where energy security and dependable delivery are paramount. Our scalable LNG and power infrastructure solutions allow us to meet evolving customer needs and extend our presence in both new and existing markets.
“Looking ahead, our focus is on securing new growth opportunities and extending the earnings profile of the business further in the coming years. We remain deliberate in our approach to integrating our assets and deploying capital, with a clear emphasis on long‑term value creation for shareholders,” he said.
Excelerate also gave guidance for this year of adjusted EBITDA ranging between $515 mill and $545 mill, while maintenance Capex is expected to range between $100 mill and $110 mill.
Committed growth capital, which is defined as capital allocated and committed to specific investments for previously approved capital projects, is expected to range between $370 mill and $400 mill.
As of 31st December, 2025, Excelerate had $538.2 mill in unrestricted cash and cash equivalents and the company had no letters of credit under its revolving credit facility.
All of the $500 million of capacity under the revolving credit facility was available for borrowings as of the end of last year, the company claimed. (February 27, 2026, Source: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/115682-excelerate-starts-lng-deliveries-into-bangladesh)
BANGLADESH - LNG - SUPPLIES - IMPORTS - EXPORTS