EEExcelerate Energy, Inc.
Natural Gas Distribution
- Revenue
- $1.2B
- 44% YoY
- Operating margin
- 21.7%
- 14% YoY
- EBITDA
- $378M
- 20% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.5×
- $584M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear276% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear2% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $889M | $2.5B | $1.2B | $851M | $1.2B | 44% |
| Operating income | $139M | $187M | $211M | $215M | $267M | 24% |
| Net income | — | $80M | $127M | $153M | $167M | 9.1% |
| Operating cash flow | $142M | $225M | $232M | $244M | $461M | 89% |
| Stock-based comp | — | $956K | $4M | $7M | $12M | 65% |
| Dividends | $0 | $1M | $3M | $3M | $9M | 153% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $6M | $4M | 120 | 130 |
| FY2024 | $5M | $13M | 128 | 122 |
| FY2023 | $4M | $3M | 65 | 114 |
| FY2022 | $3M | $3M | 105 | 114 |