Excelerate Energy, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

EE$37.25+1.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Consolidated Statements of Changes in Equity

Consolidated Statements of Changes in Equity (Unaudited)

Issued · Accumulated
Class A · Class B · Additional · other · Non-
Common Stock · Common Stock · paid-in · Retained · comprehensive · Treasury stock · controlling · Total
(In thousands, except shares) · Shares · Amount · Shares · Amount · capital · earnings · income (loss) · Shares · Amount · interest · equity
Balance at January 1, 2025	26,432,131	$26	82,021,389	$82	$467,429	$72,322	$502		2,564,058		$(52,375)		$1,400,515		$1,888,501
Net income	—	—	—	—	—	11,387	—		—		—		40,736		52,123
Other comprehensive loss	—	—	—	—	—	—	(412)		—		—		(1,417)		(1,829)
Long-term incentive compensation	—	—	—	—	475	—	—		—		—		1,676		2,151
Class A dividends – $0.06 per share	—	—	—	—	—	(1,535)	—		—		—		—		(1,535)
EELP distributions to Class B interests	—	—	—	—	—	—	—		—		—		(4,921)		(4,921)
Distributions	—	—	—	—	—	—	—		—		—		(840)		(840)
Long-term incentive compensation units vested, net	234,419	1	—	—	3,465	—	—		107,633		(2,253)		(3,448)		(2,235)
Other	1,955	—	—	—	88	—		—		—		202		290
Balance at March 31, 2025	26,668,505	$27	82,021,389	$82	$471,457	$82,174	$90		2,671,691		$(54,628)		$1,432,503		$1,931,705
Net income	—	—	—	—	—	4,729	—		—		—		16,036		20,765
Issuance of common stock	8,000,000	8	—	—	159,041	—	—		—		—		42,784		201,833
Other comprehensive income	—	—	—	—	—	—	23		—		—		62		85
Long-term incentive compensation	—	—	—	—	900	—	—		—		—		2,307		3,207
Class A dividends – $0.06 per share	—	—	—	—	—	(2,005)	—		—		—		—		(2,005)
EELP distributions to Class B interests	—	—	—	—	—	—	—		—		—		(4,921)		(4,921)
Distributions	—	—	—	—	—	—	—		—		—		(3,302)		(3,302)
Long-term incentive compensation units vested, net	2,868	—	—	—	48	—	—		2,248		(57)		(48)		(57)
Impact due to change in ownership percentage	—	—	—	—	2,239	—	—		—		—		—		2,239
Other	3,714	—	—	—	15	—	—		91		(3)		(158)		(146)
Balance at June 30, 2025	34,675,087	$35	82,021,389	$82	$633,700	$84,898	$113		2,674,030		$(54,688)		$1,485,263		$2,149,403
Net income	—	—	—	—	—	13,952	—		—		—		41,092		55,044
Other comprehensive loss	—	—	—	—	—	—	(136)		—		—		(350)		(486)
Long-term incentive compensation	—	—	—	—	936	—	—		—		—		2,326		3,262
Class A dividends – $0.08 per share	—	—	—	—	—	(2,667)	—		—		—		—		(2,667)
EELP distributions to Class B interests	—	—	—	—	—	—	—		—		—		(6,562)		(6,562)
Distributions	—	—	—	—	—	—	—		—		—		(1,944)		(1,944)
Long-term incentive compensation units vested, net	4,786	—	—	—	67	—	—		2,266		(47)		(66)		(46)
Impact due to change in ownership percentage	—	—	—	—	(522)	—	—		—		—		—		(522)
Other	—	—	—	—	8	—	—		1,864		(45)		(1)		(38)
Balance at September 30, 2025	34,679,873	$35	82,021,389	$82	$634,189	$96,183	$(23)		2,678,160		$(54,780)		$1,519,758		$2,195,444

Consolidated Statements of Changes in Equity (Unaudited)

Issued · Accumulated
Class A · Class B · Additional · other · Non-
Common Stock · Common Stock · paid-in · Retained · comprehensive · Treasury stock · controlling · Total
(In thousands, except shares)	Shares	Amount	Shares	Amount	capital	earnings	income (loss)	Shares	Amount	interest	equity
Balance at January 1, 2024	26,284,027	$26	82,021,389	$82	$465,551	$39,754	$505	20,624	$(472)	$1,303,908	$1,809,354
Net income	—	—	—	—	—	6,324	—	—	—	21,816	28,140
Other comprehensive income	—	—	—	—	—	—	547	—	—	1,714	2,261
Long-term incentive compensation	—	—	—	—	330	—	—	—	—	1,047	1,377
Class A dividends – $0.025 per share	—	—	—	—	—	(673)	—	—	—	—	(673)
EELP distributions to Class B interests	—	—	—	—	—	—	—	—	—	(2,051)	(2,051)
Minority owner contribution – Albania Power Project	—	—	—	—	—	—	—	—	—	209	209
Long-term incentive compensation units vested, net	82,165	—	—	—	(214)	—	—	39,702	(858)	—	(1,072)
Repurchase of Class A Common Stock	—	—	—	—	—	—	—	588,030	(9,347)	—	(9,347)
Balance at March 31, 2024	26,366,192	$26	82,021,389	$82	$465,667	$45,405	$1,052	648,356	$(10,677)	$1,326,643	$1,828,198
Net income	—	—	—	—	—	6,672	—	—	—	26,605	33,277
Other comprehensive income	—	—	—	—	—	—	33	—	—	106	139
Long-term incentive compensation	—	—	—	—	449	—	—	—	—	1,471	1,920
Class A dividends – $0.025 per share	—	—	—	—	—	(645)	—	—	—	—	(645)
EELP distributions to Class B interests	—	—	—	—	—	—	—	—	—	(2,051)	(2,051)
Minority owner contribution – Albania Power Project	—	—	—	—	—	—	—	—	—	268	268
Distributions	—	—	—	—	—	—	—	—	—	(2,439)	(2,439)
Long-term incentive compensation units vested, net	29,479	—	—	—	1,628	—	—	22,237	(360)	(1,363)	(95)
Repurchase of Class A Common Stock	—	—	—	—	799	—	—	673,780	(11,179)	636	(9,744)
Balance at June 30, 2024	26,395,671	$26	82,021,389	$82	$468,543	$51,432	$1,085	1,344,373	$(22,216)	$1,349,876	$1,848,828
Net income	—	—	—	—	—	8,955	—	—	—	36,591	45,546
Other comprehensive loss	—	—	—	—	—	—	(1,466)	—	—	(4,728)	(6,194)
Long-term incentive compensation	—	—	—	—	454	—	—	—	—	1,512	1,966
Class A dividends – $0.025 per share	—	—	—	—	—	(672)	—	—	—	—	(672)
EELP distributions to Class B interests	—	—	—	—	—	—	—	—	—	(2,050)	(2,050)
Minority owner contribution – Albania Power Project	—	—	—	—	—	—	—	—	—	535	535
Long-term incentive compensation units vested, net	2,031	—	—	—	32	—	—	2,031	(41)	(32)	(41)
Repurchase of Class A Common Stock	—	—	—	—	3,473	—	—	363,974	(7,502)	(1,224)	(5,253)
Balance at September 30, 2024	26,397,702	$26	82,021,389	$82	$472,502	$59,715	$(381)	1,710,378	$(29,759)	$1,380,480	$1,882,665

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.