Excelerate Energy Business Summary

Excelerate Energy, Inc. (EE) operates an integrated liquefied natural gas (LNG) business model, generating revenue through long-term, take-or-pay regasification services and the direct sale of natural gas. The company’s operations are divided into two primary segments: FSRU and Terminal Services, which provide floating storage and regasification infrastructure, and LNG Supply and Sales, which manages the procurement and delivery of gas to downstream customers. As of February 2026, Excelerate maintains a global fleet of Floating Storage and Regasification Units (FSRUs) and an operational presence in markets including Argentina, Bangladesh, Brazil, and Germany, leveraging its "last-mile" connectivity to provide energy security. Its primary direct competitors include Golar LNG, New Fortress Energy, and GasLog. Excelerate distinguishes itself by offering a comprehensive "plug-and-play" infrastructure model that integrates vessel chartering with terminal development and gas marketing, positioning it as a leader in rapid-deployment energy solutions for emerging and transition markets. Founded in 2003 by energy billionaire George Kaiser, Excelerate is led by President and CEO Steven Kobos, who has been with the organization since 2007 and oversaw its 2022 initial public offering; Kobos brings extensive experience in international energy law and commercial project execution. The executive leadership team includes EVP and CFO Dana Armstrong, who has a background in global finance at Scientific Games and Flowserve, and EVP and COO David Liner, a maritime veteran with over 25 years of experience, including a tenure at ExxonMobil’s SeaRiver Maritime. The company’s board is chaired by Don P. Millican and includes notable members such as Nisha D. Biswal, former U.S. Assistant Secretary of State. Major institutional backing is provided by the George Kaiser Family Foundation, which remains the majority shareholder, alongside significant positions held by Wellington Management, Vanguard, and BlackRock.