EE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• In October 2025, we executed a definitive commercial agreement with a subsidiary of Iraq’s Ministry of Electricity for the development of the country’s first LNG import terminal. The integrated project includes a five-year agreement for regasification services and LNG supply with a customer extensio…

• In March 2026, in connection with the conflict in the Middle East, we received a force majeure notice from QatarEnergy under our long-term LNG purchase agreement. We issued a corresponding force majeure notice to Petrobangla under our long-term LNG supply agreement. We currently cannot predict the t…

• In May 2026, we executed a nine-month time charter party agreement with Jordan’s National Electric Power Company, NEPCO, to deploy the Excelerate Acadia to the country’s existing LNG terminal in Aqaba. The Excelerate Acadia is expected to commence operations in mid-2026. The interim deployment enhan…

• During the first quarter of 2026, global LNG markets were materially impacted by the armed conflicts in the Middle East, which disrupted supply availability and drove significant price volatility. The conflicts resulted in the effective closure of the Strait of Hormuz and damage to LNG infrastructur…

• These disruptions led to sharp increases in spot LNG prices during the quarter, particularly in Asia. Elevated prices, increased shipping and insurance costs and logistical challenges contributed to volatile trading conditions and prompted demand curtailment in certain price sensitive markets. As a …

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• In October 2025, we executed a definitive commercial agreement with a subsidiary of Iraq’s Ministry of Electricity for the development of the country’s first LNG import terminal, which will be located at the Port of Khor Al Zubair. The integrated project includes a five-year agreement for regasifica…

• In May 2025, we closed the acquisition of 100% of the interests in New Fortress Energy Inc.’s business in Jamaica for approximately $1.055 billion in cash, which was subject to certain adjustments for cash, indebtedness, transaction expenses, working capital and liquefied natural gas and fuel invent…

• The Acquisition directly aligns with our strategies of (1) acquiring interests in LNG regasification terminals and integrated LNG infrastructure projects, which we believe will enhance long-term contract revenue and margins, and (2) diversifying the geographic mix of the LNG markets we serve and our…

• We believe that the Acquisition is complementary to our existing assets and business strategy and establishes Excelerate as a provider of “last-mile” LNG infrastructure in Jamaica. Additionally, the Acquisition provides an attractive downstream natural gas

• market for Excelerate’s 20-year Venture Global LNG supply agreement and secures pull through demand and value-accretive offtake for our LNG supply. The Acquisition aligns with our investment thesis in the following ways:

Text added vs the prior filing · source: 10-Q · 2026-05-07

• In the course of our operations, we may be exposed to commodity price risk, primarily through our purchases of or commitments to purchase LNG. To reduce our exposure, we may enter into derivative instruments to offset some or all of the associated price risk. As of March 31, 2026, we had $(3.7) mill…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• In the course of our operations, we may be exposed to commodity price risk, primarily through our purchases of or commitments to purchase LNG. To reduce our exposure, we may enter into derivative instruments to offset some or all of the associated price risk. As of September 30, 2025 and 2024, we ha…